33 Shocking Facts About Obama's Economy Media Shamefully Ignore

By Noel Sheppard | August 25, 2013 | 11:14

Potentially the most dishonest aspect of the Obama-loving media's reporting since January 20, 2009, pertains to how they've almost totally ignored how poorly the economy is performing.

On Tuesday, Michael T. Snyder, author of the gloom and doom book "The Beginning of the End," wrote a fabulous piece titled "33 Shocking Facts Which Show How Badly The Economy Has Tanked Since Obama Became President":

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Barack Obama has been running around the country taking credit for an "economic recovery", but the truth is that things have not gotten better under Obama. Compared to when he first took office, a smaller percentage of the working age population is employed, the quality of our jobs has declined substantially and the middle class has been absolutely shredded. If we are really in the middle of an "economic recovery", why is the homeownership rate the lowest that it has been in 18 years? Why has the number of Americans on food stamps increased by nearly 50 percent while Obama has been in the White House? Why has the national debt gotten more than 6 trillion dollars larger during the Obama era? Obama should not be "taking credit" for anything when it comes to the economy. In fact, he should be deeply apologizing to the American people.

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Here are Snyder's first five shocking facts:

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#1 When Barack Obama entered the White House, 60.6 percent of working age Americans had a job. Today, only 58.7 percent of working age Americans have a job.

#2 Since Obama has been president, seven out of every eight jobs that have been "created" in the U.S. economy have been part-time jobs.

#3 The number of full-time workers in the United States is still nearly 6 million below the old record that was set back in 2007.

#4 It is hard to believe, but an astounding 53 percent of all American workers now make less than $30,000 a year.

#5 40 percent of all workers in the United States actually make less than what a full-time minimum wage worker made back in 1968.

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Please notice that each of Snyder's facts include a link typically to a reliable source supporting his claim.

As you look at the entire list, you have to conclude that if the media had done a better job of reporting the nation's true economic condition, it's almost impossible to believe Obama would have been reelected last year.

Conceivably the worst example of media malpractice pertaining to this president is how the press have done their darnedest to mis-, under-, or just NOT report economic data.

Contrast this with the barrage of excessive, gloom and doom reporting that occurred in the fall of 2008 which basically handed the White House to its current resident.

Looking back, there's no question that the hysteria prevalent throughout the media after Lehman Brothers declared bankruptcy was unwarranted.

That's not to say the nation and the world did not experience a financial crisis. Instead, the gloom and doom was greatly exaggerated, so much so that the impact on the markets was far worse than it would have been had the press been more measured in their reporting on the crisis.

But that wasn't the goal.

Read more:

http://newsbusters.org/blogs/noel-sheppa...e#ixzz2d0HpCyOX