Middle income

Before Obama became President, he was the champion of the middle income people and he has said this over and over during the past seven years. In his speech last night he raved about how great the economy is doing stating the 5% unemployment rate and the 2% GDP. What he didn’t say was that wages for middle income people have declined during his tenure and that the labor participation rate is very low. CNSNews.com) - A record 94,610,000 Americans were not in the American labor force last month -- an increase of 579,000 from August -- and the labor force participation rate reached its lowest point in 38 years, with 62.4 percent of the U.S. population either holding a job or actively seeking one. The average GDP for the past 50 years is 3.5% so to justify the 2% the President says it’s better than Europe. While the lack of good jobs hits the middle income group the hardest it is even more difficult for minorities and for minority youth it is a disaster. Yet these people are supporters of Obama because they like him and that seems to be enough.