Most people are still earning less, adjusted for inflation, than before the recession struck at the end of 2007. Even many who kept their jobs through the recession — or easily found work after being let go — are no better off. The typical family income in current dollars is $52,959, according to Sentier Research. Factoring in inflation, that’s $3,303 less than before the recession — a nearly 6 percent drop.

FEWER FULL-TIME JOBS

Finding a steady full-time job has become harder. There are 27.4 million part-time jobs, representing 18.8 percent of jobs in the U.S. economy, according to the Labor Department. Before the recession, 16.5 percent of all jobs were part time.

BEHIND ON MORTGAGES

Whatever wealth most Americans have is mainly tied up in their homes. But roughly seven years after the housing bust, owning a home has still been a bad investment for many.

Nearly 37 percent of mortgage holders were “effectively underwater” through the first three months of 2014, according to the real estate firm Zillow. That means they either owe more than their homes are worth or a sale wouldn’t generate enough money to cover the closing costs and down payment for a new home.

Just 39 percent of everyone surveyed in June said the economy was improving; 56 percent described it as getting worse. The consumer confidence reading for existing conditions was, negative 14.

CAUTIOUS SHOPPING

Most Americans are still being careful at cash registers and online checkouts. Consumer spending has risen at an average annual pace of just 2.2 percent since the recession ended in mid-2009. That’s far below the 3.4 percent average in the two decades preceding the recession.

Confidence in the economy is still relatively low, suggesting that people are buying what they need instead of what they want. The Conference Board’s consumer confidence index was 85.2 in June. In the 20 years preceding the downturn, it averaged nearly 102. 1

So, how is Obama Economics working out for you?

The fundamental reason why all this is happening is the pie that everybody wants a piece of… That’s just the private sector. When the government comes in and absorbs one-sixth of it in the health care takeover called Obamacare, the pie gets smaller.

As government grows, how does it grow?

It has to take money from other people, allocate it to itself to spend it however it wishes. It’s called redistribution; it doesn’t produce anything. The private sector is getting smaller. The pie is all getting smaller, and that’s why there’s less of it to be had for people. You want to talk about why the gap between rich and poor is expanding? It’s because the pie’s getting smaller, and the pie can only get smaller as government grows.

That’s the argument against government expansion in its simplest form. The argument against government expansion is that it shrinks opportunity for everybody who doesn’t work or have anything to do with government.

Now… Lets take a look at President Obama’s view on our Economy:

WASHINGTON (MarketWatch) July 9, 2014 — President Barack Obama took credit on Wednesday for the U.S. economic rebound after the financial crisis of 2008.

“Thanks to the hard work of you – and some actually smart policies by us, we have come further and recovered faster than almost any other advanced country on Earth,”

Obama said in a campaign-style speech in Denver. Obama trumpeted an agenda of “economic patriotism,” … 2

 Seriously, this man lies to the American Public on a regular basis about a multitude of topics, why should he – after 6 years – start letting facts get in the way??

1 Source: AP: AS US JOB MARKET STRENGTHENS, MANY DON’T FEEL IT
2 Source: MarketWatch: Obama: U.S. economic recovery among fastest on earth

Video: In September, during her “talking tour,” Elizabeth Warren, professor at Harvard Law, talking about the economy and class warfare.

Elizabeth Warren believes that since the government, “pays for the basics,” such as roads, that the government thus controls everything. Obama is surrounded by people like this.

She forgets that this factory owner and factory builder also paid taxes that built the roads and the infrastructure around, and so did his employees.

The government doesn’t have any money until it takes it from people first. But this notion that we’re all just one giant commune is the justification for the redistribution of wealth.

This is the liberal justification for class warfare, for class envy, for redistribution of wealth, for taking, because nobody really deserves what they have.

Nobody should have anything more than anybody else because everybody always does it on the backs of other people.

The factory owner, illegitimate. The business owner, illegitimate. Nothing special about him. Nothing special about somebody who built something from nothing because he really didn’t. He couldn’t have done it without screwing a bunch of other people along the way.

Total collectivism. It’s all found in Marx. It’s all there, and it’s all based on the presumption that all success is illegitimate, including the success of the country.

Pay attention America, this is what they believe. This is liberal policy foundation.

Who decides how much of your earnings you NEED to keep?

Be afraid… very afraid.

Chicago’s Don Wade & Roma radio show Sept 14, 2011 – interview with (D) Congresswoman Jan Schakowsky.

I couldn’t agree more with the positions put forward in this video. Please pass this on.

Felonious Munk speaks ‘truth to power’. Straight forward, passionate and truthful!! What more can you ask for?

AMEN BROTHER!
God bless you and keep up the good work.

President Obama is wrong: Denying government unions the power of collective bargaining is not an assault on all unions. Previous Democratic Presidents understood this fact. No less a progressive icon than President Franklin Delano Roosevelt wrote in 1937: “All government employees should realize that the process of collective bargaining, as usually understood, cannot be transplanted into the public service. … The employer is the whole people, who speak by means of laws enacted by their representatives in Congress.”

The Foundry