The Cold Hard Facts of Obama's Economy

There's an old adage, "Don't let the facts get in the way of a good story." That could be the battle cry within the Obama administration when it comes to Obama's work on the economy through his five plus years as president. But a close and objective look at the facts shows that the Obama-led and Obama-owned economy tells one and only one story -- FAILURE. Let's begin on the labor front, where the numbers are atrocious. While the monthly unemployment rate is the headline-grabbing number so many flock to, it is far from the best gauge of labor market strength. The unemployment rate currently stands at 7.3%. Obama backers will point to the fact... again let's look at the facts, and rightfully say that the unemployment rate has steadily fallen from its peak of 10% in October 2009 and has remained below 8% since August 2012. These are indeed facts, but they mask the underlying and quite troubling data. Understand that the unemployment rate is a rather simplistic calculation. The...(Read Full Article)