Did you know that in 2014, nearly 20% of American families had no one working [hat tip CNS News]?
Not one person in sixteen million, fifty-seven thousand American families had a job.
And the definition of “employed” is rather broad. It includes working for pay, working in your own business or farm, or working 15 hours or more unpaid in a business or enterprise operated by a family member.
19.9% of American families have no one working.
The interesting statistic is when you separate 2-parent households from single-mother households.
In two-parent households, that percentage drops to 17%.
In single-mother households, that number skyrockets to 25.6%.
It’s almost as if the Obama Administration were trying to kill the job market.
Let’s face it. If Obama were simply an incompetent boob, the law of averages dictate that eventually he would land on a policy that would improve the economy.
Ironic, isn’t it? How Obama claimed yesterday that “there’s a bunch of my agenda that would make a difference right now,” but every single “bunch of his agenda” that has been inflicted on the country has only made things worse.
Obamacare. The “Stimulus.” Dodd/Frank Financial “reform.”
Over six years in, the economic news continues to be abysmal.
Labor-force participation hasn’t been this anemic since Jimmy Carter was President.
Obama likes to claim that the policies of Reagan were failures and we can’t go back to them.
But, as Jim Hoft points out at the Gateway Pundit, a side-by-side comparison of Reagan’s recovery (post-Carter) and Obama’s “recovery” leave no doubt that Reagan’s supply-side approach of cutting taxes and spending while leaving that money in the hands of the people resulted in a booming economy that maintained its momentum well into the Clinton years. Obama, on the other hand, has only managed to make things worse.
This is what happens when there’s a socialist in the driver’s seat.