The top chart above shows the LPR (Labor Participation Rate), or the percentage of Americans working, out of the total number of Americans who are able and willing to work. Note that contrary to Obama's and Biden's bloviating lying claims, we are today only getting back to the LPR of 12 years ago, and have not improved over the year 2000. This continues to be the worst economic recovery in US history. Obama's policies: socialistic redistributionism, has made things worse.
The second chart shows the normalized real wages of workers who are full time wage earners or salaried workers. (Note: Incorporated self employed people are not included). Note that rather than getting better (as Obama and Biden are claiming) real wages are actually trending downward, and not getting better at all.
The third chart from the top shows that the labor force has shrunken and has stayed shrunken sinc e the Great Recession, and that there are no signs of improvement. Obama and Biden prevaricating again.
Even Europe is doing better than the US. German first-quarter GDP came in at 2.1%, compared to what many economists now think the U.S first-quarter GDP will be, i. e., below 2%.
The slow talking the news Preezy of the United Steezy Obama, and Vice Preezy "Bite Me" Biden have been touring the nation bloviating about how things are getting soooo much better, and that things are going about as well as can be expected after a financial crisis. Then again, a recent CBS-New York Times poll found that 67% of Americans think the economy is “bad” and gave Mitt Romney a 46-43 lead over the president.
So far voters don’t seem to be really buying Bite Me — or Preezy Obama’s — comeback story. They may not have seen the above charts, but they sure are feeling them, unfortunately, in their everyday lives.
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