Left Pretends Trump Inheriting Strong Obama Economy

[Geee]

Breitbart:

With President Obama, Democrats and their media fellow travelers having failed to win the hearts and minds of voters, they are now trying to build a legacy on the big lie: “The president is handing his successor an economy that’s now the envy of the world.”

David Corn of the progressive Mother Jones magazine claimed on November 7: “the election is a referendum on the explicit use of hate in politics — a reckoning toward which the GOP has been hurtling for half a century.” But Donald Trump won by campaigning on making the election a referendum on President Obama’s failed economic policies.

 

The 2016 election results were the worst performance by the Democrat Party since the 1870s. Republicans now hold the presidency, both houses of Congress, 33 governorships and control of both legislature chambers in 32 states. The Democrats only control both legislature chambers in just 13 states.

 

Middle class voters, especially in “flyover country,” came to believe on November 8 that the Obama administration’s economic recovery was the worst since the Great Depression in the 1930s, according to Peter J. Ferrara of the Heartland Institute.

[Geee]

November Jobs Report Shows Continuity, Not Recovery

 

November saw very little change in the U.S. labor market, according to a new employment report from the Bureau of Labor Statistics.

 

Employers added a net 178,000 new jobs while the unemployment rate dropped. However, unemployment fell in large measure due to a continued drop in labor force participation. The economy largely continued on its current trajectory.

 

The November household survey reported mixed results. Headline numbers show the unemployment rate fell by 0.3 percentage points down to 4.6 percent—a large and statistically significant drop. However, the employment-to-population ratio (that is, the proportion of the adult population with jobs) remained unchanged.

 

Unemployment fell primarily because labor force participation continued to decline, dropping to 62.7 percent. Americans who aren’t looking for work do not count as unemployed. So when Americans leave the labor force, this mechanically decreases the unemployment rate—even if hiring does not improve.

 

Demographic changes, such as the aging and retirement of the baby boomers, can only explain one part of the ongoing exodus from the labor force.

http://dailysignal.com/2016/12/05/november-jobs-report-shows-continuity-not-recovery/