The real Growth Domestic Product (GDP) increased in Q1 of 2014 at an annual rate of 0.1%. 0.1%. At the same time, the administration trumpets a 6.3% unemployment rate, five years AFTER the recession ended, with the more revealing Labor Participation Rate falling to 62.8%, an all-time low. Remember, the Obama administration had a super-majority in the US Senate and a majority in the house to pass its prescription to remedy the economy. In fact, the recession ended five months after President Obama was sworn in and before the impact of his solutions took effect. But dont worry, according to the Obama Administration, it wasnt their job-killing policies, crony socialism, massive regulations, the redistribution of wealth, the hijacking of investment capital out of the free market economy or the uncertainty of Obamacare and Obamanomics that has created the worst economic recovery in US history.... Its the weather. investors/editorial-cartoons/michael-ramirez/699723-obamanomics
Posted on: Wed, 07 May 2014 16:27:14 +0000
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