When you consider the fact that the recession had more to do with Jimmy Carter, Bill Clinton, and Barney Frank, than it did George Bush, the fact that the Bush recession was much better than the Obama recovery is a stark look at the incompetence of the current administration.
The Bush recession ended in June of 2009. At that time the labor participation rate was 65.7%. During the “recovery” the participation rate dropped to 63.4%. That’s a huge nosedive and represents a 34 year low. That would have been at a time when women weren’t fully in the workforce yet. Historically, after a recession, the economy adds jobs and the participation rate climbs. That has not happened with the Obama administration. Instead of concentrating on jobs and the economy, Obama and the democrats were busy working on what now is obviously, a deeply flawed and overly expensive Obamacare bill, that could very well leave more people without insurance that we had before the bill passed.
Income levels have dropped also. During the recession incomes dropped an average of $1,002 dollars. During the Obama “recovery” wages dropped $2,380 dollars. ($2380 is more than $1002 for you NEA educated liberals out there.) Remind liberals of these facts next time they tell you that Obama saved the country.
Bush added 5 trillion to the debt in 8 years and Obama has added over 7 trillion in less than 5 years.
Steven Ahle is the Editor of Red Statements and a regular contributor to The D.C. Clothesline.