Obama’s economic recovery: the chart tells the story

Posted by: Phineas on May 4, 2014 at 3:59 pm

**Posted by Phineas

Power Line presents three charts that show what a failure Obama’s statist economic policies have been. Here’s the one that really struck me:

BudgetChart03

(Click here for the full-sized version.)

This chart from the US Senate Budget Committee compares the trend in the labor force participation rate, roughly the percentage of the working age population that is either employed or looking for work, during the recovery from recession under both President Reagan and President Obama. According to the Bureau of Labor Statistics, the 2007 recession began in December of that year. Obama entered office roughly 13 months later. Now, go to that point on both the Reagan (red) and Obama (blue) lines and trace their progress. This shows clearly that Obama’s economic policies have been a nightmare for working people, with hundreds of thousands, at least, just giving up looking for work.

Why on Earth, then, should any responsible citizen wish to vote for any candidate that promises to continue those same devastating policies?

(Crossposted at Public Secrets)

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5 Responses to “Obama’s economic recovery: the chart tells the story”

Comments

  1. Steve Skubinna says:

    Chart is straight up racist. Math and statistics are a construct of the white patriarchy.

    The only thing saving us from a constant drumbeat of “stalled economy” and “failed Presidency” stories is the media still being in the tank. We’ll see if they try to recover their self respect in the next three years, but I expect they’ll ride this flaming gasbag most of the way down, and hop off at the last minute.

    Then expect lots of post mortems blaming Obama’s failures on Republicans and FoxNews.

  2. Dan says:

    Teh Meme is that boomers are retiring in record numbers.

  3. Carlos says:

    Why on Earth, then, should any responsible citizen wish to vote for any candidate that promises to continue those same devastating policies?

    Because, from day one of his presidency his aim was to weaken the U.S. as much as possible, both in domestic policies (immigration “reform”, the economy, etc.) and in foreign “policy” (where there has been no real policy).

    That is why today, 5-1/2 years later, the U.S. is no better than a second-rate power, headed for a second-rate third world banana republic status. And if Duh-1 isn’t made prez-for-life, the jackasses will come up with someone who will keep the downward drive going at 100 mph and gaining speed. They don’t understand economics, they don’t understand foreign relations, and, most of all, they don’t understand that reality has to do with what really happens, not with what they wish would happen. It’s too bad they don’t understand human nature like the Bard did or, better yet, like Jesus did.

  4. Drew the Infidel says:

    What else can be expected from the worst president ever? The labor participation is the lowest it has been in 65 years.

    If, per chance, Hillary were elected president it would just be more of the same. Along with her you get more Obhammud polices plus the Unabanger as a tag-along. Does anyone honestly believe she can sit in the Oval Office and not be distracted by the consuming thoughts of her philandering hubby getting the “full Monica” there? Another distracted Chief Executive is the last thing we need.

    “Domestic policy can only defeat us: foreign policy can kill us.”–John F. Kennedy

  5. Chris in NC says:

    Why on Earth, then, should any responsible citizen wish to vote for any candidate that promises to continue those same devastating policies?

    Because of the people represented in the blue line, MOST of them want to sit at home on their ass doing nothing. They will vote for the one that ensures they can, screw everyone else. Simple as that.