The below piece was first published on Rampart Media back in February of 2013. Apparently, the President is reaching back into his emotional, fact-less rhetoric in order to stir wage envy for the 2014 elections. Here is what I wrote then:
We know our economy’s stronger when we reward an honest day’s work with honest wages. But today, a full-time worker making the minimum wage earns $14,500 a year. Even with the tax relief we’ve put in place, a family with two kids that earns the minimum wage still lives below the poverty line. That’s wrong. Tonight, let’s declare that, in the wealthiest nation on Earth, no one who works full time should have to live in poverty — and raise the federal minimum wage to $9 an hour.”
Oh! The horror! The horror I say! Barack Obama's demagoguery knows no bounds. This is just the latest example of emotional rhetoric from the Campaigner in Chief. Let's look at some Obama kryptonite, i.e. data.
From Investors Business Daily:
6.3 million: Net new jobs created since Obama's recovery started in June 2009
13.8 million: New jobs that would have been created had Obama's kept pace with the average of the previous 10 recoveries.
3.6%: Growth in private jobs since Obama took office.
43%: Growth in the number of temp jobs.
91.8 million: Number of people not in the labor force as of December.
525,000: Increase since November.
11.2 million: Increase since Obama took office.
6.7%: Jobless rate 54 months into Obama's recovery.
5.1%: Unemployment rate 54 months into George W. Bush's "jobless" recovery.
13.1%: Jobless rate in Dec. using a broader measure — U6 — which includes people marginally attached to labor force or working part time for economic reasons.
9.2%: Average U6 rate in Bush's eight years in office.
26%: Share of adults who say at least one household member is unemployed, based on IBD/TIPP Poll data.
10%: Share who say a household member had work hours cut because of ObamaCare.
3.9 million: Number of people who've been jobless 27 weeks or more in December.
2.7 million: That number when Obama took office.
37 weeks: Average length of unemployment in Dec.
20 weeks: Average length when Obama took office.
861,000: Number of discouraged workers in Dec.
734,000: Number when Obama took office.
58.6%: Current employment-to-population ratio.
61%: Ratio when Obama took office.
62%: Average employment-to-population ratio in the 30 years before Obama took office.
$1,006: Drop in median household income during the 2007-09 recession.
$2,535: Drop in median income after the recession ended in June 2009, according to Sentier Research.
Constitutional conservative and free-market defender blogging about national and Tennessee politics