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Economic Gains


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Economic Gains

 

Posted on 4 September 2014 by eehines

 

President [barack] Obama used Labor Day to tout the country’s economic gains under his leadership….

 

Let’s look at those gains.

 

§ he’s increased the national debt in his six years by 70%—it stood at $10 trillion at the end of 2008; it’s now over $17 trillion

§ median income has fallen—it stands now at $53,900 compared with $56,700 in December 2007 at the start of the current economic dislocation

§ job creation is only just back to pre-Panic levels, 6 years into his administration, compared with normal economic recovery needing only 2-3 years to get to this point Scissors-32x32.png


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