Low wage jobs, $12/hr. or less, increased 30% in 2011.
Employees ages 18-64 in low wage jobs increased from 23.8% to 31.2%.
Households depending on a low wage worker as the sole provider increased from 45.7% to 56.7%.
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Low wage employees ages 30+ increased from 54% to 57.4%.
http://www.breitbart.com/Big-Government/2012/09/26/Report-Low-Wage-Jobs-Increased-By-30-in-2011
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US CEO business confidence hits three year low with more job cuts planned.
http://www.moneynews.com/StreetTalk/CEO-Confidence-chief-executive/2012/09/26/id/457673
Economic growth for the second quarter of 2012 was revised down from 1.7% to 1.3%.
Orders for durable goods plunged 13%, the largest drop in 4 years.
Economic growth for 2011 was 1.8%
“A Vote For Obama Is Like Backing Up the Titanic and Hitting the Iceberg Again”
http://www.breitbart.com/Big-Government/2012/09/27/Recession-Looms-GDP-Collapse-Durable-Goods
If Obama’s economic policies were good and it just took a long time to recover from the 2008-2009 recession, the economy should be picking up and accelerating, but it’s not.
It doesn’t have to be this way. Ronald Reagan showed us how.
Ronald Reagan’s policies of getting government out of the way produced 20 million jobs and the longest peacetime expansion in history. RR inherited a very bad economy, 21% interest rates, double digit inflation and 7.5% unemployment. The Federal Reserve slammed the brakes on the money supply and sent the country into recession that did not end until early 1982. The unemployment rate went higher than in the 2008 recession. By 1984, the economy was booming, RR cruised to re-election and was not blaming his predecessor or whining that no one could have turned the economy around in 4 years.
