Lowlights of Obamanomics on Kudlow

June 8, 2012 07:02

Featuring 19 “lowlights” of Obama’s disastrous economic policies from IBD Editorials on Kudlow. Here are a few “lowlights” from IBD:


“Negative superlatives associated with this presidency keep piling up. The toll so far:

• The share of Americans who’ve been out of work a long time — now at 42% of the unemployed — is the highest since the Great Depression (source: Labor Department).

• The proportion of the civilian working-age population actually working, at 58%, is the smallest since the Carter era (Labor Department).

• Growth in nonfarm payroll jobs since the recovery began in June 2009 is the slowest of any comparable recovery since World War II (Hoover Institution).

• The rate of new business startups — the engine of job growth — has plunged to an all-time low of 7.87% of all businesses (Census Bureau).

• 3 in 10 young adults can’t find jobs and live with their parents, highest since the 1950s (Pew Research).

• 54% of bachelor’s degree-holders under the age of 25 are jobless or underemployed, the highest share in decades (Northeastern University).

• Black teen unemployment, now at 37%, is near Depression-era highs (Labor Department).

• Almost 1 in 6 Americans are now poor — the highest ratio in 30 years — and the total number of poor, at 49.1 million, is the largest on record (Census).

• The share of Hispanics in poverty has topped that of blacks for the first time, 28.2% to 25.4% (Census).

• The number of Americans on food stamps — 45 million recipients, or 1 in 7 residents — also is the highest on record (Congressional Budget Office).”

Read more at IBD Editorials

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