Now They Tell Us… NY Times Finally Reports on the Disastrous Obama Economy

Well, the election’s over so it’s OK to let the cat out of the bag.
The economy sucks. It sucks for recent graduates who overwhelmingly voted for Barack Obama and it sucks for every other age group, too.
obama jobs line
Barack Obama is the worst jobs president since the Great Depression.

The New York Times reported:

Young graduates are in debt, out of work and on their parents’ couches. People in their 30s and 40s can’t afford to buy homes or have children. Retirees are earning near-zero interest on their savings.

In the current listless economy, every generation has a claim to having been most injured. But the Labor Department’s latest jobs snapshot and other recent data reports present a strong case for crowning baby boomers as the greatest victims of the recession and its grim aftermath.

These Americans in their 50s and early 60s — those near retirement age who do not yet have access to Medicare and Social Security — have lost the most earnings power of any age group, with their household incomes 10 percent below what they made when the recovery began three years ago, according to Sentier Research, a data analysis company.

Their retirement savings and home values fell sharply at the worst possible time: just before they needed to cash out. They are supporting both aged parents and unemployed young-adult children, earning them the inauspicious nickname “Generation Squeeze.”

More… Most seniors don’t need a chart to know that their Social Security cost-of-living adjustments are not keeping pace with inflation.

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Gateway Pundit

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  • Campfollower

    An act of journalism years too late. Not that the low info voters or demogogues will even filter this through their strange brains.

    I get no satisfaction from this, only sadness for my children looking for jobs, the three friends of mine who were laid off last week and the people I know who are walking away from their homes of two decades just to keep their kids in college.

    People are manipulating the system all over the place and the basics of right and wrong are topsy turvy. Looking for a light at the end of the tunnel.

  • Jeffery

    Your implication that this is the first report on the economy since 2008 is woefully inaccurate. You are just now discovering that the housing bubble collapsed wrecking our economy?

  • FurryGuy

    #2 February 4, 2013 at 7:37 am
    Jeffery commented:

    You are so dense that light, let alone a thought, doesn’t escape your cranium. This is the New York Times finally talking about the state of the economy. The NYT did a superlative and masterful full-on Monty, as did the rest of the American Pravda propaganda complex, hiding the true state of the economy BEFORE the election so the Jug-eared Messiah would be re-elected. It is safe now to tell the truth.

  • Pingback: Now They Tell Us… NY Times Finally Reports on the Disastrous Obama EconomyPolitifreak()

  • gsrider

    The people about to feel the sharp sting of outrageous government spending will be the very same people who have advocated such policies for two generations, baby boomers. Haha, deal with it cause its about to get a whole worse. Now big daddy government wants to help manage your 401k and IRA, deal with it, I hope the crap you’ve been forcing everybody’s throat for 50 years bites you in the a$$, hard. And you aging hippies, good luck growing old with big daddy providing all that awesome health care…….hahahahahaha!!!!!

  • bigkahuna

    THE other implication of course is liberals are too stupid to know better. The times will be doing this for 2 years more until the year before election when they will start the big lies again

  • Jim in Tucson

    It’s not a recession, it’s a fundamental transformation.

  • Road Runner

    The problem is, the idiots in charge will now double down on their failed policies.

    They won’t take any blame for the disaster, they will just assume they need to regulate and tax more.

    Just wait until the Federal Reserve’s QE policies finally fizzle out, the hyper inflation that will enuse will make the current malaise look like a fun holiday.

  • Highlander


    Gateway is referring specifically to the last election cycle, during which the NY Times either talked up the economy or, when it couldn’t do that, didn’t mention it at all. And that is an accurate accessment of the way the Times operates. Now that the election is won, they can run the occasional “news” piece in order to maintain the pretense of being an actual “news” organization, rather than the corrupt hacks that they are. Your 2008 housing-bubble reference, while certainly relevant to the state of the economy, in no way relates to Gateway’s point about the journalistic malfeasance of the Times in covering the last election.

  • NeoKong

    Yeah …people are hurting but the important thing is that there is more fairness.
    All those people who have worked hard all their lives need to understand what it is like to be poor.
    They have had too much for too long.
    They can thank Obama for that.

  • Tom in CA

    There is no sense in trying to reason with Jeffrey. He will get it only when we hit bottom. Then, he will blame it on the Republicans.

  • The Triguy

    And people wonder why the federal government is reportedly buying up the most popular size of consumer purchased ammunition?

  • jcarp

    Reading comprehension is obviously not Jeffies’ strong suit

  • BossHogg

    #2 bo dean
    You don’t know didaly squat!

  • Jerry C

    Hyper-inflationary Depression 2.0

    Prepare or die.

  • Marmo

    But how can the economy be bad? Didn’t Obama fix it by taxing rich people more?


  • JoyO

    The NYT covered the Abu Grabiq prison incident where no one was injured on their Front Page for 35+ days BUT has completely ignored the Benghazi killings of four Americans. Of course, the Benghazi murders were before the election. If the Times is beginning to tell the truth about the economy now that the election is over, we can only pray that they will begin to tell the truth about Benghazi and why the President and Hillary lied and blamed the video for two weeks.

    Questions of the Day: Why aren’t our Congressmen being allowed to question the Benghazi survivors? Is this because there were no survivors?

  • RL

    > #2 February 4, 2013 at 7:37 am
    > Jeffery commented:
    > You are just now discovering that the housing bubble collapsed wrecking our economy?

    While you now continue to skate past the perverted moronic libs who drove the idea that people unable to afford such housing should have it anyway? May you and your ilk be the first victims of the zombie generations – one of those knitting while the purges rage and the guillotine falls. Well, probably not even that, as you’ve already and repeatedly shown your commitment to zombie thinking – I suspect you are or will be in their front ranks. Pathetic fool.

  • NoResolution

    Obama sucks. That’s why the economy sucks. He will talk about anything including how gays should be in the boy scouts but not talk about the economy. Sad…

  • mg4us

    Ah the NY Slimes . . All the News that SH!+ to Print

    And with their Nobel Economist The Ferret or Weasel Pal Krugman advocating the government spend more. . .

    Yes the government who hasn’t passed a budget in over 3 years
    The Government that has increased our National Debt by over 30% with nothing to show
    Th government that has diminished the purchasing Power of the dollar by over 10% with QE 1, 2, 3
    The Government that lies to us about real Unemployment which is OVER 15%.

    Watch unemployment claims start to rise the next 4-5 months!. . . and store start to close up. . Negative GDP people!!! A double dip recession is coming!

    Thanks Obama, DeomocRATs and RINOs. . .

  • BurrmaShave

    “All the news that is fit to print [when it suits us]”

  • “baby boomers make 10% less then they did when the RECOVERY began.” is that what a recovery does?

  • Sasja

    #27 February 4, 2013 at 9:51 am
    tommy mc donnell commented:

    “baby boomers make 10% less then they did when the RECOVERY began.” is that what a recovery does?

    In an Obama recovery. This is the new norm.

  • jony101

    “below what they made when the recovery began three years ago” quote from the article, as bad as it is, the NYT still gives obama credit for the alleged recovery. If there was a recovery then everything would technically be better? I’m confuse why they even mention that part about the recovery, it makes no sense to the story. NYT not ready to throw obama under the bus, but they are not happy about the looming layoff’s, newspapers becoming a luxury in this economy.

  • Thye media which belongs to Obama and a gaggle of leftists, lies by keeping silent.

    The greatest lies are told in silence.

    In particular, Obama’s murky past and his college records have been crypted away somewhere. The real Obama was never electable. Someday all the deleterious details will all come out, but by then we may have lost our way of life and the Republic.

  • Obama doesn’t care about the economy. Otherwise he would be all about reinstatement of Glass-Steagall. A bill to do this was already introduced this session:

  • Road Runner

    Why won’t the media ever ask about cutting spending?

    It is now taken as a given that the super-welfare state is only gonna grow.

    With this reality, we will never recover.

    The private sector is doomed to never grow again.

  • burt

    The employees of the New York Times are now unemployed. Can we call it a depression?

  • Dork Lungfish

    4 years from now, when The Hildabeast and the Assistant Village Idiot with the doll-hair implants from Delaware wrestle each other to face a Republican challenger, it will “STILL BE BUSH’s FAULT!” Even after Hillary finishes her second term (if a clot doesn’t kill her), it will all still be blamed on Bush and the Republicans.

  • Zia

    I lost about 1/3 of my income from the previous year – and I only work part time. I cannot find another job. I have health issues but no healthcare – or money to take care of it. This is Obama straight up. This is Marxism. This is communism. All thanks to you stupid liberals.