A Few screeches from Nancy Pelosi…
August 8, 2013 by Dr. Kevin "Coach" Collins 2 Comments
“Mister President, where are the jobs?” Remember when Nancy Pelosi incessantly screeched that phrase over and over during the George W. Bush administration? We haven’t heard her whining like this or using the companion phrase “hamburger flipper jobs” very much lately, have we? If Pelosi said these things today, she would look even dumber than she did the first time because Democrat Barack Obama’s job production numbers are embarrassingly poor compared to those of the leading Republican president of our time: Ronald Reagan.
Each month brings us terribly weak job production from Obama. During his first term in office, Obama produced an average of 97,020 a month for a total of 4,657,000, nowhere near the minimal, “break even” plateau of 150,000 jobs a month needed just to keep from falling further behind.
By contrast, Ronald Reagan, the Republican president Democrats love to hate, produced jobs during his first term at a dizzying pace. His policies put a total of 11.2 million Americans back to work after the disastrous single term of Democrat Jimmy Carter. Those 11.2 million jobs meant that an average of 233,333 of Americans found work each month, with an eye-popping 1,114,000 in September 1983.
While Obama’s numbers are alarming and depressing, the value of the jobs Americans are working at is almost as disheartening. Using simple conversion charts available to anyone, we see that 40% of American workers earn an adjusted yearly salary that is below the federal minimum wage level of 1968!
The minimum wage in 1968 was $1.60 an hour. That figure processed through an inflation calculator equals $ 10.74 per hour. Working a full time job for fifty weeks a year (two weeks off for vacation) becomes a yearly salary of $21,480 a year.
The Social Security Administration reports that 40.28% of American workers earn less than $20,000 a year, or $1,480 less than an inflation-adjusted minimum wage salary in 1968.
More than this, 76.7% of all of the jobs Obama has delivered are part time jobs that are generally dead ends and dream killers.
No matter how we look at these numbers, they are a strong indictment of Barack Obama’s destructive policies.
Read more at http://www.westernjournalism.com/a-few-screeches-from-nancy-pelosi/#eGELI8IgeZKk8vuP.99