The results are in. The picture is grim. Here are some frightening economic numbers to think about the next time the lying, manipulating, mainstream media tells you that we are in “recovery.”
First, almost 50% of Americans have less than $500 in savings. Not surprisingly 1 out of 3 residents of Obama’s home state of Illinois live in poverty. A mind numbing 4 of 5 Americans are either experiencing poverty, foreclosure or welfare, or will in their lifetime. Four out of five. Say goodbye to the myth of the American Dream. It’s only a nightmare now.
Ditto for the American middle class. Obama has massacred them. Our middle class now ranks 27th in the world. I’ve argued from day one that Obama’s goal was to create a 2-class society. The two classes are the super rich (who are beholden to Obama for corporate welfare, bailouts, and government contracts), and the poor (who are beholden to Obama for checks to survive). Look no further than the new immigration bill to see the final destruction of middle class wages.
More grim news just in: Auto sales are collapsing. Construction jobs are falling off a cliff. And U.S. factory orders just suffered the biggest drop in a year.
What about jobs? Isn’t that picture getting rosier by the minute? Well actually, no.Let’s analyze the REAL numbers. Since the start of 2013 we’ve gained 953,000 jobs, but amazingly 731,000 of them are crummy low-wage PART-TIME jobs. That's means almost 80% of the jobs created in Obama's America are part-time jobs that won’t pay the bills of an average middle class lifestyle.
High quality jobs under Obama they are losing out by 10 to 1 versus crummy low-paying jobs. Facts don’t lie: So far this year over 246,000 low-paying waiter or bartender jobs have been added to the U.S. economy, versus only 24,000 high-paying manufacturing jobs.
How bad is it?
The Obama administration just hired a company to promote Obamacare over the phone to Americans. Guess what? Even those jobs are part-time, with no health insurance!
The Head of the IRS just testified in front of Congress that he’d rather keep his own health insurance, rather than switch to Obamacare. The IRS is in charge of Obamacare, and even they don’t want any part of it.
We face disaster. And the solutions that Obama claims will "save" us are proven to lead to economic collapse. We are living the real-life Groundhog Day.
Wayne Allyn Root is known as "the Capitalist Evangelist." Wayne’s latest book is "The Power of RELENTLESS.” Wayne is a former Libertarian Vice Presidential nominee, bestselling author, international business speaker, serial entrepreneur and conservative media personality – appearing on over 5,000 interviews in the past five years. Wayne’s web site: ROOTforAmerica.com.