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In reply to the discussion: I simply don't understand how voters can turn their backs on a President who brought us back from [View all]Man from Pickens
(1,713 posts)Anyone who seriously asserts our economy is back from anything is stuck in an echo chamber.
The economy sucks horribly, Wall Street is responsible, and Obama has done nothing to stop Wall Street's continued looting and pillaging not only of private wealth but of the public treasury as well.
The unemployment rate is a manipulated joke and has been for decades. Right now we're sitting on the lowest labor-participation rate ever recorded, and as an unmanipulated statistic it is far more reliable than the voodoo-economics of U-x measurements.
Wages are worse than stagnant and they have been for a long time. Obama has done nothing to stop the trend of constantly lower wages (in real terms) and constantly higher cost of living, which together are decimating the middle class and making the poor even worse off than they were before.
We lose good-paying, high-quality jobs and get part-time WalMart jobs instead, and that's considered an even swap by the Powers that Be.
Our college graduates have immensely more debt than ever before, and immensely worse chances of getting a job to actually pay off those loans.
I could go on and on and on along these lines.
All the benefits of today's economy are flowing to the 1% (really, the 0.01%). Take out their gains from the equation and what everyone else is experiencing is revealed to be a full-blown Depression, deeper than the "Great" one.