Is it, as the Beetles sang the song, “getting better all the time“? Barack Obama would have you believe this to be the case.
Democrat voters don’t require information to elect a president. All they require are words for their itching ears. “Hope and Change” and “Yes we can!” were two mantras that drove Democrat voters to madly worship this president.
Back to the issue at hand: Are things getting better?
Well, the facts run contrary to Obama’s statements and those phony unemployment numbers emanating from his politicized Dept. of Labor.
According to the Wall Street Journal, citing data from the Bureau of Economic Analysis, while overall productivity is way up, wages have not followed.
“The typical man with a full-time job–the one at the statistical middle of the middle–earned $50,383 last year, the Census Bureau reported this week.
“The typical man with a full-time job in 1973 earned $53,294, measured in 2014 dollars to adjust for inflation.
“You read that right: The median male worker who was employed year-round and full time earned less in 2014 than a similarly situated worker earned four decades ago. And those are the ones who had jobs.” – WSJ 18 Sept. 2015 http://ow.ly/SSLsh
Investors, capitalists, moms and pops, rich and not-so-rich, who put money into the stock market, are reaping gains, but wages are not following.
Compounding the financial misery to the average worker, ObamaCare rates have dramatically increased and increases in 2016 and 2017 will suck the life out of family budgets. Why are rates going up? Insurance companies are actually paying out more than you are paying in. For example, Blue Cross of Texas which received $2.1 billion in premiums, but claims totaling $2.5 billion resulted in a medical loss ratio of 119%.
Rate increases in other states will be prohibitively higher than Texas. Look at the situation in Maryland. “CareFirst Blue Cross of Maryland is asking for a 34% rate increase on its PPO plan and a 26.7% rate increase for its HMO. CareFirst has an 80% market share in the Obamacare exchange and only 30% of the eligible Maryland market has signed up on the exchange.” – Forbes http://ow.ly/SSMDV
I submit the above for your consideration ahead of the 2016 quarter-billion-dollar RISD bond election. Have you adequate information on this matter? After the housing “bubble” pops, what happens to property taxes, unemployment, etc?