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

The search for a job in the Obama economy is difficult, to say the least, and has taken most of my time this year.

I continue the battle against the insanity of the Obama administration policies, just on a more limited schedule.

I will return to my blog as soon as possible, but in meanwhile I invite all my readers to follow me on twitter @_phantom_lady. The statements are shorter and limited, but continue to be filled with truth and passion.

Thank you for your understanding during these demanding times.

Frustrated Incorporated
Phantom Lady

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

November 2, 2010 Election Results…

Democratic House incumbents who have been defeated (49)

Rep. Bobby Bright (D-Ala.)
Rep. Ann Kirkpatrick (D-Ariz.)
Rep. Harry Mitchell (D-Ariz.)
Rep. Betsy Markey (D-Colo.)
Rep. John Salazar (D-Colo.)
Rep. Allen Boyd (D-Fla.)
Rep. Alan Grayson (D-Fla.)
Rep. Suzanne Kosmas (D-Fla.)
Rep. Ron Klein (D-Fla.)
Rep. Jim Marshall (D-Ga.)
Rep. Walt Minnick (D-Idaho)
Rep. Bill Foster (D-Ill.)
Rep. Debbie Halvorson (D-Ill.)
Rep. Phil Hare (D-Ill.)
Rep. Baron Hill (D-Ind.)
Rep. Frank Kratovil (D-Md.)
Rep. Mark Schauer (D-Mich.)
Rep. Jim Oberstar (D-Minn.)
Rep. Travis Childers (D-Miss.)
Rep. Gene Taylor (D-Miss.)
Rep. Ike Skelton (D-Mo.)
Rep. Dina Titus (D-Nev.)
Rep. Carol Shea-Porter  (D-N.H.)
Rep. John Adler (D-N.J.)
Rep. Harry Teague (D-N.M.)
Rep. Michael Arcuri (D-N.Y.)
Rep. John Hall (D-N.Y.)
Rep. Michael McMahon (D-N.Y.)
Rep. Scott Murphy (D-N.Y.)
Rep. Bob Etheridge (D-N.C.)
Rep. Earl Pomeroy (D-N.D)
Rep. John Boccieri (D-Ohio)
Rep. Steve Driehaus (D-Ohio)
Rep. Mary Jo Kilroy (D-Ohio)
Rep. Zack Space (D-Ohio)
Rep. Charlie Wilson (D-Ohio)
Rep. Chris Carney (D-Pa)
Rep. Kathy Dahlkemper (D-Pa.)
Rep. Paul Kanjorski (D-Pa.)
Rep. Patrick Murphy (D-Pa.)
Rep. John Spratt (D-S.C)
Rep. Stephanie Herseth Sandlin (D-S.D.)
Rep. Lincoln Davis (D-Tenn.)
Rep. Chet Edwards (D-Texas)
Rep. Ciro Rodriguez (D-Texas)
Rep. Rick Boucher (D-Va.)
Rep. Glenn Nye (D-Va.)
Rep. Tom Perriello (D-Va.)
Rep. Steve Kagen (D-Wisc.)

Republican House incumbents who have been defeated (2)

Rep. Charles Djou (R-Hawaii)
Rep. Joseph Cao (R-La.)

Democratic-held open seats that have switched parties (14)

Arkansas 1st (Rep. Marion Berry)
Arkansas 2nd (Rep. Vic Snyder)
Indiana 8th (Rep. Brad Ellsworth)
Kansas 3rd (Rep. Dennis Moore)
Louisiana 3rd (Rep. Charlie Melancon)
Michigan 1st (Rep. Bart Stupak)
New Hampshire 2nd (Rep. Paul Hodes)
New York 29th (vacant)
Pennsylvania 7th (Rep. Joseph Sestak)
Tennessee 6th (Rep. Bart Gordon)
Tennessee 8th (Rep. John Tanner)
Washington 3rd (Rep. Brian Baird)
West Virginia 1st (Rep. Alan Mollohan)
Wisconsin 7th (Rep. David Obey)

Republican-held open seats that have switched parties (1)

Delaware at large (Rep. Mike Castle)

Democratic Senate incumbents who have been defeated (2)

Sen. Blanche Lincoln (D-Ark.)
Sen. Russ Feingold (D-Wisc.)

Republican Senate incumbents who have been defeated (0)

Read more: Politico 11-3-2010

The above results have had some modifications do to disputed and delayed results at the time of publications. But, the point has been made. Democrat party WIPE OUT. A few seats here or there… doesn’t alter the historic change that will have national implications for years to come.

Republicans took control of at least 19 Democratic-controlled state legislatures Tuesday and gained more than 650 seats, according to the National Conference of State Legislatures. The last time Republicans saw such victories was in 1994, when they captured control of 20 state legislatures.

Republicans haven’t controlled as many state legislatures since 1928.

Across the country, the map for state legislatures has turned noticeably red as Republicans now control 55 chambers, with Democrats at 38 and the remaining yet to be decided. At the beginning of this week, Democrats controlled 60 of the country’s state legislative chambers and Republicans 36.

Tuesday also was a historic day for many state legislatures. In Minnesota, Republicans won the Senate for the first time ever, while in Alabama, they took control for the first time since reconstruction.

The gains were truly of “historic proportions,” said Tim Storey, a senior fellow at the National Conference of State Legislatures, pointing out that the last time there was such a wave of state legislature switches was 1966.

– ABC news

Remember the end of November? The White House was in the middle of a post-election funk. President Obama had just returned from a 10-day trip to Asia where he failed to strike a trade deal with South Korea and a two-day trip to Portugal where he won acclaim, not echoed back home, for his plans in Afghanistan and on missile defense.

A pensive and introspective President Obama said Wednesday after the election was a “shellacking” and took responsibility for his party’s disastrous showing, saying that in the rush to get things done, they forgot to make good on their promise to change the way Washington works.

But Mr. Obama wouldn’t concede that the electoral blowout was a direct repudiation of his policies.

Instead, he blamed a slow economic recovery and the perception that some of the “emergency” measures taken to right the economy, such as the stimulus bill, may have been interpreted by voters as a permanent expansion of government, as opposed to a one-off response to the financial crisis.

—The Washingtion Times

I was raised to never make fun of the deaf, dumb or blind… but give me a break, President Obama has figured out a way to be all three. The Tea Party success, enraged Town hall meetings where the public expression was loud and clear, and now the results of the November election…

To not comprehend the impact of the American will, to ignore the voices shouted from the mountain tops, and to be oblivious to significance of the last election is abhorrent and destructive to the country.