Obamanomics: Jobless Have Little Hope Of Restoring Better Days

02 Dec, 2011 by William Teach

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So says the…..wait, NY Times?

People across the working spectrum suffered job losses in recent years: bricklayers and bookkeepers as well as workers in manufacturing and marketing.

But only a select few workers have fully regained their footing during the slow recovery.

They then provide a story of one woman who has, followed by

Even though the Labor Department is expected to report on Friday that employers added more than 100,000 jobs in November, a new study shows just how rare people like Ms. Mowery are. According to the study, to be released Friday by the John J. Heldrich Center for Workforce Development at Rutgers, just 7 percent of those who lost jobs after the financial crisis have returned to or exceeded their previous financial position and maintained their lifestyles.

The vast majority say they have diminished lifestyles, and about 15 percent say the reduction in their incomes has been drastic and will probably be permanent.

We can thank the horrific and ridiculous policies of the Obama and the Democrats for this hopeless state of affairs. This is why people with little to no experience in business who have political axes to grind, not to mention using hundreds of billions of taxpayer funds for political payback, should not be in charge of economic policies. All the Democrats have done was extend the pain, and turned America’s economic future sour.

Crossed at Pirate’s Cove. Follow me on Twitter @WilliamTeach.