 |
|
RE: Obama was a pretty decent jobs president
Posted on: January 21, 2017 at 15:15:10 CT
ummmm MU
Posts:
44902
Member For:
13.46 yrs
Level:
User
M.O.B. Votes:
0
So what jobs were created?
A good chunk of them are in healthcare, which sort of highlights the earlier point that Americans aren’t getting healthier since they need even more workers to care for them.
Additionally there were a lot of jobs created in the federal government.
Plus a full 2 million of those new jobs have been waiters and bartenders.
I’m serious.
At the beginning of the Obama presidency in 2009, there were 9.5 million waiters and bartenders in the United States.
Today there’s 11.5 million waiters and bartenders.
So it’s not like all these millions of workers who supposedly owe their jobs to President Obama are out there discovering the cure for cancer.
Then you have to look at cost.
Despite these 11.3 million new jobs, the number of food stamp recipients in the Land of the Free Lunch increased by 13.9 million during the Obama administration.
Plus, during his 8-years in office, the Obama administration spent a record $28.7 TRILLION and registered a $10 trillion increase in the national debt.
This means that every job President Obama supposedly created cost the American taxpayer $885,000 in debt. Per job.
This is a pretty pitiful return on investment.
And that’s really the bottom line. Debt lasts.
One day his Supreme Court justices will retire. Obamacare may be repealed. History will forget about his charisma and charm.
Edward Snowden may eventually return home. The 500,000+ pages of regulations his administration issued will be replaced.
And even the families of all the innocent victims who were accidentally killed in his drone strikes may move on with their lives.
But the debt will still be there.
Consider this: in the last two weeks alone, the Treasury Department has auctioned off tens of billions of dollars worth of debt in the form of 30-year bonds.
This means that a child who won’t even be born until 2030 will have some high school summer job in late 2046, and an increasing chunk of his income will be taxed to pay off the debt that Treasury Department borrowed a few days ago.
That’s a legacy which outlasts everything else.
http://www.zerohedge.com/news/2017-01-20/summing-8-years-barack-obama
A good chunk of them are in healthcare, which sort of highlights the earlier point that Americans aren’t getting healthier since they need even more workers to care for them.
Additionally there were a lot of jobs created in the federal government.
Plus a full 2 million of those new jobs have been waiters and bartenders.
I’m serious.
At the beginning of the Obama presidency in 2009, there were 9.5 million waiters and bartenders in the United States.
Today there’s 11.5 million waiters and bartenders.
So it’s not like all these millions of workers who supposedly owe their jobs to President Obama are out there discovering the cure for cancer.
Then you have to look at cost.
Despite these 11.3 million new jobs, the number of food stamp recipients in the Land of the Free Lunch increased by 13.9 million during the Obama administration.
Plus, during his 8-years in office, the Obama administration spent a record $28.7 TRILLION and registered a $10 trillion increase in the national debt.
This means that every job President Obama supposedly created cost the American taxpayer $885,000 in debt. Per job.
This is a pretty pitiful return on investment.
And that’s really the bottom line. Debt lasts.
One day his Supreme Court justices will retire. Obamacare may be repealed. History will forget about his charisma and charm.
Edward Snowden may eventually return home. The 500,000+ pages of regulations his administration issued will be replaced.
And even the families of all the innocent victims who were accidentally killed in his drone strikes may move on with their lives.
But the debt will still be there.
Consider this: in the last two weeks alone, the Treasury Department has auctioned off tens of billions of dollars worth of debt in the form of 30-year bonds.
This means that a child who won’t even be born until 2030 will have some high school summer job in late 2046, and an increasing chunk of his income will be taxed to pay off the debt that Treasury Department borrowed a few days ago.
That’s a legacy which outlasts everything else.
http://www.zerohedge.com/news/2017-01-20/summing-8-years-barack-obama
Please explain why this message is being reported.
MESSAGE THREAD
RE: Obama was a pretty decent jobs president - ummmm MU - 1/21 15:15:10
-