Name:   MartiniMan - Subject:   And that's why you are a liberal Date:   10/13/2014 7:03:45 PM (updated 10/13/2014 7:13:29 PM)

The reason most people don't know or care about these points you have made is that they realize based on their own experience and the experience of those around them that this has been to worst recovery since FDR.  Rather than going through this point by point I will cherry pick a couple of the easier ones so you understand why economic illiteracy has done so much damage to the ability of the average voter to understand what is actually happening.

3.  Unemployment Drop:  You do realize that despite adding approximately 150,000 new people to the job ranks each and every month that we now have a labor participation rate that is equal to 1978?  You do realize that if we simply had a modest labor participation rate that real unemployment is closer to 11% and when you factor in underemployed it is closer to 17%?  The vast majority of the improvement in the U2 rate is due to people simply giving up every finding a job.  They don't count.  And that doesn't even begin to touch on the quality of jobs being created.  Amazing how left wing nuts were all concerned about the smattering of low paying jobs during the Bush adminstration but rejoice in the majority of new jobs being low paid under Obola?  Why such low expectations?

4.  Stock Market:  You do understand the reason for the stock market doing well don't you and who benefits the most?  The reason the stock market was so strong is the economy was doing so poorly forcing the Fed to keep interest rates almost at zero which makes equities the only place to put money and obtain a decent return.   Remember, the market is driven by expectation of future returns and when banks are paying less than 1% it is the only reasonable alternative.   I find it ironic that you posted this one in a week when the stock market went red for the year.  But I suppose since you are giving TOTUS credit for the stock market peak you are also blaming him for the recent massive declines, right?  Didn't think so.  I also find it ironic that at a time when 100% of the growth in real income has gone to the top 5% of wage earners (quite possibly the only time in recent history that has happened) you are crowing about the stock market being up as a result of a lousy economic recovery.

6.  Federal spending:  You do realize that WOTUS has added more to the national debt in six years than all the previous presidents combined, right?  Most Americans actually realize that is the critical issue and one has to wonder why that has happened.  Federal tax receipts are at record levels right now as a result of tax increases and as we learned when Clinton did likewise it will eventually kill the economy....something he readily admitted and probably cost Algore the presidency.

I could deconstruct each and every one of these facts that were so conveniently cherry picked but here's the bottom line.  The worst recovery since FDR is actually being felt by the American people.  You may take comfort in the "factoids" but they are meaningless if what they actually experience is totally disconnected from the spin from the left.  I have to admit the only positive aspect of the last six miderable years is to watch the govt media flail around and grind and gnash their teeth because their spin isn't working.  But hey, you always have GF to remind us about Bush as he must lay awake at night getting all worked up over what the last president did while the current one flounders around.