Obama’s Fourth Recovery Summer Ends

 

"By any conceivable measure, we are much worse off today than we were four years ago. In the best areas of the economy we are stagnant.

Unemployment has only been kept down below 9% by the clever tactic of reducing labor force participation. For men, the labor force participation rate is the lowest on record.

Household income is in a nosedive, dropping an unprecedented 8.2% since Obama began his one-man campaign to turn us into a Third World ineptocracy.

Nearly 47 million Americans rely on food stamps. This reflects an increase of about 12 million people over the highest level under President Bush.

There is no sign that economic activity is coming back. Manufacturing orders fell by 13.2% in August. The GDP annual growth rate was scaled back from a previously anemic 1.7% to an absolutely ossified 1.3%."     [Red State