It’s an Obama World… 712,000 Americans Fell Into Poverty Last Year
The liberal media forgot to tell you just how bad things are under Barack Obama.
712,000 Americans fell into poverty in 2011, thanks to Barack Obama and Democrats.
And, thanks to the media, you didn’t hear about it until now.
Investor’s Business Daily reported:
Economy: “The economy’s getting stronger … confidence is growing.” The media and Obama repeated these like a mantra. But as IBD reported earlier, real weekly earnings for American workers have fallen 3.5% since Obama took over, a declining trend that has continued post-election.
How about other signs of well-being? The Census Bureau reported after the election that the number of Americans in poverty grew by 712,000 people in 2011. A far-more bullish report issued in September said it had fallen by 96,000. Oh yes, and a record 47 million people today are on food stamps — up 47% since Obama took over…
…Yes, unemployment has dropped to 7.7% . But only because hundreds of thousands of Americans have left the workforce. In September and October, nonpayroll farm jobs were reported as rising 148,000 and 171,000, respectively, solid gains. The mainstream media played it up as a major turnaround for the economy, giving Obama a boost.
In early December, a new government jobs report highlighted that job growth was a 146,000 in November, less than the 151,000 average since the start of the year. And it revised September and October job growth down by 49,000.
Yes, the total number of people with private-sector jobs has grown by 2 million over the last year, as the White House proudly trumpets — and did on the campaign trail. But what never gets reported is that 2.4 million people have left the workforce entirely over the same stretch — so there is no net real job growth…
… Taxes: Remember how Obama and his Democratic surrogates taunted Republicans repeatedly, saying they wanted to raise taxes only on “millionaires and billionaires” while cutting taxes for the middle class?
When Republicans tried to do just that, Obama said no thanks. In fact, he has major tax hikes in store for middle-class Americans — starting with ObamaCare’s 18 or so new taxes, and ending with the admission of key Democrats such as former presidential candidate Howard Dean that taxes on everyone must rise dramatically to pay for the Democrats’ spending orgy.
You can thank the liberal media for hiding these facts from the American public before the election this year.
You can read the rest here.