The Wreckage of Obama’s Economic Policies On Full Display

The Wreckage of Obama’s Economic Policies On Full Display by Rory – The Daily Coin

If you like President Trump and agree with his policies, great. If you disagree with his policies, great! In other words, it is of no consequence to me wether you support the President or not.

Facts, on the other hand, must be reviewed, supported and analyzed.

Judging by the number of Americans on food stamps, it doesn’t feel like one of the best job markets in almost a half century and the second-longest economic expansion on record. Source

Couldn’t agree more. The lies regarding our “economic growth” are beginning to be seen in full light. Since 2008 our economy has been nothing more than a “clean-up” job for the too big to jail banks. They have been cleaning up the remaining crumbs of our wealth through Quantitative Easing (QE), corporate stock buy backs and rigged statistics such at the one I am about share with you. While I believe this information, like all government statistics, to be rigged/manipulated/massaged it is what we have to work with – there are no other broadly accepted statistics to source. Yes, we respect and point to John Williams Shadow Stats alternative numbers, but no hedge fund, no government anywhere in the world or any banking institute references Mr. Williams info to produce widely publicized reports – it doesn’t happen. So, we have what we have.

According to the monthly “employment report” produced by the Bureau of Labor Statistics (BLS) the number of people “not in the workforce” is hovering around 95 million people. These people range in age from 16 to 54. Manufacturing jobs have been bottom bouncing or declining for years.

Did any of Obama’s economic policies impact these facts? “Yes we can”! The chart below, which runs between January 2006 and May 2011, clearly shows unemployment is on the rise – bigly. A simple visual account shows a great many more negative months than positive months.

Chart provided by the BLS via The Atlantic

According to the BLS report published on January 9, 2009 there were 80,626 x 1,000 people “not in labor force” You have to scroll down the pdf -pages are not numbered – to the page titled “Household Data”. The first set of stats is “Total”.

As of 2016, Obama’s last year to occupy the White House…

The Bureau of Labor Statistics reports that 94,103,000 Americans were neither employed nor made any specific effort to find work in the prior four weeks.

The number of people out of the workforce — whether for retirement, sickness, schooling or otherwise — in December represented a slight decline of 277,000 compared to November’s non-participation level when 94,380,000 people were out of the workforce. Source

If we go from 80,626,000 to 94,103,000 that means an additional 14 million are no longer counted during the Obama occupation.

This chart, provided by the BLS, shows month over month begin in 2008 through current month, June 2018.

If appears that Trump has at least stabilized the number of people disappearing from the labor force. Where Obama had several years to change policy and get a handle on this situation I guess he was too busy ignoring the “red lines” he had drawn up for Russia in Syria or perhaps he was too busy making plans with Russian President Dmitry Medvedev to help out his buddy Vlad with a uranium deal through Secretary of State, Hillary Clinton.

President Obama: “On all these issues, but particularly missile defense, this, this can be solved but it’s important for him to give me space.”

President Medvedev: “Yeah, I understand. I understand your message about space. Space for you…”

President Obama: “This is my last election. After my election I have more flexibility.”

President Medvedev: “I understand. I will transmit this information to Vladimir, and I stand with you.”

All of this is to say nothing of the number of people on food stamps. We can this number, under President Trump, is falling at an ever increasing pace. This was not the case during the Obama error.

Enrollment in the Supplemental Nutrition Assistance Program, better known as food stamps, fell to 39.6 million in April, the most recent government data show. That’s down from a record 47.8 million in 2012, but as a share of the population it’s just back to where it was as the economy emerged from the longest and deepest downturn since the Great Depression. Source

The highlighted number in the above paragraph shows the year 2012 – the mid point of the Obama error. We didn’t see any improvement that led to this number, otherwise it would have never been reached. While the number has been falling, it is finally back to the 2008 levels when Obama first set foot on the White House lawn.

So, let’s review – Trump – love him/hate him it doesn’t matter – is moving the economy in the right direction. Obama’s economy was nothing more than a slow-motion train wreck with a massive dose of corruption thrown in for good measure.

 

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The Daily Coin

Rory Hall, The Daily Coin. Beginning in 1987 Rory has written over 1,000 articles and produced more than 300 videos on topics ranging from the precious metals market, economic and monetary policies, preparedness as well as geopolitical events. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver, Silver Doctors, SGTReport, and a great many more. Rory was a producer and daily contributor at SGTReport between 2012 and 2014. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Don't forget to visit The Daily Coin and Shadow of Truth YouTube channels to enjoy original videos and some of the best economic, precious metals, geopolitical and preparedness news from around the world.