Wednesday, June 13, 2012

Obama's Economy

While looking through I found the below chart that he uses to show how all his stimulus and jobs programs have been successful. I added the unemployment rates for those years. The graph can only point out that the landslide of job loss slowed and began to maintain. We must always remember that while looking at unemployment rates it only reflects the number of people who are signed with the unemployment office or receiving unemployment benefits.

Some of those people who returned to the workforce did so by taking lower paying jobs, these are called the underemployed. Some people, like me, are attempting to earn a living for themselves through self employment. Some are living off IRAs.  For any number of reasons people have dropped out of the workforce.