Thread by @ramona_roberts2

1/ BO's terrible Economy

Nearly 95% of all new jobs during Obama era were part time, or contract!

2/ By Investing on Dec 21, 2016

A new study by economists from Harvard and Princeton indicates that 94% of the 10 million new jobs created during the Obama era were temporary positions."

*"The study shows that the jobs were temporary, contract positions, or part-time…

3/ …"gig" jobs in a variety of fields."*

*"Female workers suffered most heavily in this economy, as work in traditionally feminine fields, like education and medicine, declined during the era."*

*"The research by economists Lawrence Katz of Harvard University and Alan…

4/ …Krueger at Princeton University shows that the proportion of workers throughout the U.S., during the Obama era, who were working in these kinds of temporary jobs, increased from 10.7% of the population to 15.8%."*

* archive.is/5nZqq

#*America's Dystopian…

5/ …New Normal. By Llyod Green. 7.21.13.

*"Five years into the Obama presidency, we are further from the Great Recession but also closer to a new normal—economic dystopia.

6/ Yes, the unemployment rate has edged down to 7.6 percent, but America is well on its way to becoming a nation of part-timers and full-time temps.

7/ According to the Bureau of Labor Statistics, the number of involuntary part-time workers rose by 322,000 to 8.2 million in June, while the ranks of temporary-help services employees have swelled to a record 2.68 million.

8/ Meanwhile, the employment-population ratio, the percentage of adult Americans who hold a job, has dropped nearly 2 percent to 58.7 percent since Barack Obama took office."*

* [Daily Beast](archive.is/chOIt#selectio…)

#*Barack Obama's Sad Record on Economic Growth.

9/ By Louis Woodhill February 01, 2016*

*"On Friday, the Bureau of Economic Analysis (BEA) reported that 2015 U.S. real GDP (RGDP) growth was 2.38%.

10/ No matter what revisions are subsequently made, 2015 will have been the tenth year in a row that RGDP growth came in at under 3.0%. The longest previous such run in U.S. economic history was only four years, and the last time that this happened was during the Great…

11/ …Depression (1930 - 1933)."*

* [RealClearMarkets](web.archive.org/web/2018010701…

*Obama has doubled the national debt to $20 trillion in just 8 years. By J.D. Heyes in November 15, 2015."*

*"The Washington Times: When President Obama signs into law the new…

12/ …two-year budget deal [Nov. 1], his action will bring into sharper focus a part of his legacy that he doesn't like to talk about: He is the $20 trillion man."*

* [Natural News](archive.is/B6sI5)

#*Middle Class Still Left Behind in U.S. economic…

13/ …recovery, data show Abe and Trump Have the Real 'Special Relationship' by: Jim Tankersley July 18, 2013*

*"The economic recovery of summer 2013 is playing out in an all-too-familiar way for poor and middle-class Americans: Gas prices are up, growth is slowing, and…

14/ …there still aren’t nearly enough new jobs to employ the almost 12 million people seeking work."*

[Washington Post](archive.is/Qdx9c)

*The Heritage Foundation: Obama Budget Raises Taxes and Doubles the National Debt (March 9,2010)*

*"President Obama…

15/ …has harshly criticized the $3.3 trillion in budget deficits accumulated in eight years under President Bush.[8] Yet President Obama is now proposing to borrow $7.6 trillion during what would be his own eight years in the White House.

16/ (See Chart 2.) In fact, President Obama would add more to the national debt than every other President in American history from George Washington through George W. Bush combined.*"

* [Heritage Foundation](archive.is/vRqJ0)

*Why voters hate the Obama economy.

17/ By Jesse Solomon. November 6, 2014

*"But even those who have jobs aren't necessarily seeing their fortunes improve. Average weekly earnings are about $797 -- almost exactly the same as in 2007 (after adjusting for inflation).

18/ Federal Reserve Chair Janet Yellen has repeatedly pointed to low wages as a big hurdle for the economy."*

* [CNN](archive.is/n8DHU#selectio…)

*Obama Oversells U.S. Economy. By D'Angelo Gore, Eugene Kiely and Brooks Jackson. June 3, 2016

*" Manufacturing…

19/ …employment has declined by 35,000 in 2016, and it’s still down 2.2 percent from when Obama took office."*

*"The Kaiser Family Foundation did an analysis in October of premium changes for the second-lowest cost silver marketplace plans in major cities in 50 states and…

20/ …the District of Columbia. It found that the percentage change before tax credits ranged from a 10.6 percent decrease in Seattle to a 38.4 percent increase in Nashville, Tennessee, with average double-digit increases in 22 of the major cities.

21/ The average increase was 10.1 percent before tax credits.*"

* [Fact Check](archive.is/V7gcO#selectio…)

#*Obama economy: Part-time jobs swamp full-time jobs. By Stephen Dinan The Washington Times - August 5, 2013, 02:14PM

*"Since January 2009 the country has…

22/ …added a net total of 270,000 full-time jobs, but it has added 1.9 million part-time jobs, according to the House Ways and Means Committee."*

[Washington Times](archive.is/Gi5LG)

#*More Americans are stuck in part-time work.

23/ By Ylan Q. Mui July 3, 2014

*"The number of people in part-time jobs jumped by more than 1 million in June to 27 million, according to the government’s data, making it one of the corners of the labor market that has been slowest to heal.

24/ That has led to worries that the workforce may be becoming permanently polarized, with part-timers stuck on one side and full-time workers on the other.*"

[Washington Post](archive.is/NBIQx)

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