President Obama was reelected with the worst economic record in U.S. history only because the non-productive people in society showed up at the polls in greater numbers. A significant number of productive people didn’t vote at all.
So the question becomes are the producers and the productive Americans gonna let Obama’s base determine the future of the nation?
Breibart reports the release of the June Jobs' Report Friday was something of a relief for the markets. The Labor Department reported that the economy gained 195,000 jobs in June, which beat economists' expectations. The Department also reported that the economy gained 70,000 more jobs in April and May than it originally estimated. The report, however, also provides clear evidence that the nation is splitting into two; only 47% of Americans have a full-time job and those who don't are finding it increasingly out of reach.
Of the 144 million Americans employed last month, only 116 million were working full-time. Friday's report showed that 58.7% of the civilian adult population of 245 million was working last month. Only 47% of Americans, however, had a full-time job.
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And that number is only gonna get worse thanks to Obamacare as companies struggle to deal with the punitive costs associated with it.
Thanks for nothing, President Obama!
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