'Worst Kenyan Usurper in history sends stocks to record high-twice-This week.
The evil socialist commie Kenyan Usurper who is in over his head
and is forced to rely on tele-promp-ers has taken the Dow Jones
Industrial Average from 7449 in 2009, to a record 17,000'
- Ned Pepper on July 3, 2014 at 3:03 PM
Today, a record 92,120,000 Americans, who are 16 years of age or older, are neither employed nor have even looked for a job in the last month. According to the Bureau of Labour Statistics, that number reflects an additional 111,000 Americans not participating in the labour force since April.
When Obama took office, real median household income was $54,798 in actual dollars, but $60,766 in 2014 dollars.
In 2014, real median household income is estimated to be $52,163.
That’s a DECREASE in real median household income of 4.81% and a whopping 14.16% in 2014 inflation-adjusted dollars.
According to the CIA World Fact Book:
In 2008, the GINI coefficient was .45.
In 2009, the GINI coefficient was .45.
In 2013, the GINI coefficient was .48.
The GINI coefficient, which represents income inequality (with 1.0 representing perfect inequality and 0.0 representing perfect equality), has increased by 6.67% since Obama assumed the office. In other words, the United States has become more unequal in terms of income, which is something you guys are constantly whining about, under President Obama and his redistributive policies, higher taxes, increased regulation, nearly doubling of the national debt, and loose monetary policies. Soooo, you keep on cheering the DJIA, but I wouldn’t recommend you go anywhere near an OWS protest and do it.
‘Viva la 1%!!!’
- Ned Pepper
Meanwhile, the U-6 is 12.4% and black unemployment is 10.7%, more than double white unemployment, which is 5.3%.
Per the BLS:
White male unemployment rate: 4.9%
Black male unemployment rate: 10.9%
White female unemployment rate: 4.8%
Black female unemployment rate: 9.0%
White teenage unemployment rate: 18.9%
Black teenage unemployment rate: 33.4%
Why does President Obama hate black people?
Where’s Kanye when we need him?
One of the big criticisms of Obamacare was that it would
discourage job creation, because employers would find the cost and
“uncertainty” too burdensome.
Welp, that’s not happening.
Here’s a look at average monthly job growth, via Deutsche Bank’s
Torsten Slok. Up until this year, job growth average between 174,000 and
194,000 jobs per month.
This year after today’s great report? A massive jump to 231,000 jobs per month.'
- Ned Pepper on July 3, 2014 at 3:03 PM
Meanwhile, the labour force participation rate is at a 36-year low and continuing to fall…
Labour force participation rate, June 2013: 63.5%
62.8% < 63.5%, which means the labour force participation rate has DECLINED in the past year.
For comparison purposes, the long-term average is 62.88%. After 6 years of spending, taxing, borrowing, printing, mandating, regulating, and redistributing, Obama is still below average, which might explain why he is ranked as the worst President since WWII.
62.8% < 63.5%, which means the labour force participation rate has DECLINED in the past year.
For comparison purposes, the long-term average is 62.88%. After 6 years of spending, taxing, borrowing, printing, mandating, regulating, and redistributing, Obama is still below average, which might explain why he is ranked as the worst President since WWII.
Source: St Louis Federal Reserve
In June, 2004, the labour force participation rate was 66.1%.
In June, 2014, the labour force participation rate was 62.8%.
‘Wow, the labour force has shrunk by 4.99% in the last decade while the population has grown by 9.12% (2004:
292.81 million; 2014: 319.51 million)! Yahoo! Celebration! Yahoo! This
is your celebration. Celebrate good times, come on! (Let’s celebrate)
Celebrate good times, come on!(Let’s celebrate) There’s a party goin’
on right here. A celebration to last throughout the years. So bring
your good times and your laughter too. We gonna celebrate your party
with you. Come on now, celebration! Let’s all celebrate and have a
good time! Celebration! We gonna celebrate and have a good time!’
- Dead Head Ned
Further, in January 2009, the civilian noninstitutional population was 234.74 million and the number of people working was 140.44 million. In other words, 59.83% of the civilian noninstitutional population was employed.
In June 2014, the civilian noninstitutional population was 247.81 million and the number of people working was 142.1 million. In other words, 57.34% of the civilian noninstitutional population was employed.
Sooooo, the employed civilian noninstitutional population has DECREASED by 4.16% since Obama became POTUS.
‘Totally awesome!’
- Mr nED
Number of part-time workers, June, 2013: 17.93 million
Number of part-time workers, June, 2014: 19.88 million
‘That’s a 10.88% INCREASE in the number of part-time
workers in the last year alone, but doncha even for a second think that
Obamacare has anything whatsoever to do with it!!!’
- nEd (don’t run with) Scissors (in your) Hands
In June 2014, the employment-population ratio was 59.0%.
In June 2013, the employment-population ratio was 59.0%.
‘But, but, but, at least, it hasn’t gone down and you can bet your sweet arse that’s better than anything Bush ever did!’
- NEDhattter
In January 2009, the employment-population ratio was 60.5%.
60.5% > 59.0% and represents a contraction of 2.48% inthe employment-population ratio that Obama ‘inherited’ from Shrub.
‘Doooood, DERP!’
- Ned ‘George Costanza, I’ll show you my shrinkage if you show me yours’ Pepper
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