President Obama inherited a tough economy. But instead of providing the leadership our country needed to get back on the path to prosperity, President Obama's policies have just made things worse. After four years of the Obama presidency, more than 23 million Americans are out of work or underemployed, the unemployment rate is above 8 percent (where it has been for an incredible 43 straight months), and hundreds of thousands of Americans (more than 350000 in August alone) have given up hope of ever finding a job and dropped out of the workforce altogether. The Obama Economy isn't working.
The president likes to claim that America is better off than it was four years ago, but the facts speak for themselves: 43 straight months of unemployment over 8 percent, 23 million Americans out of work or underemployed, and record-low labor force participation rates. In August alone, more than 350000 Americans gave up hope of finding a job and dropped out of the workforce altogether. The Obama Economy has failed to make things better for Americans.