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Obama: Economy's Great!...Except For Women
In Barack Obama’s last weekly address before the November election, he resorted to his usual chicanery, this time with an emphasis on the War on Women. Obama started by claiming that over the past 55 months, “Our businesses have added 10.3 million new jobs.”
1. “Our businesses?” Since when did the creator of the infamous line “You didn’t build that,” have the right to call them “Our businesses?”
2. “Added 10.3 million new jobs?" It is technically true that 10.3 million jobs have been added to the economy since its low ebb in 2009. But as Forbes stated in September:
More than five years into the tepid recovery, labor-force participation remains at its lowest level since 1978. Don’t blame waves of retirement for that fact: the Census Bureau reported that, from 2005 to 2010, older Americans actually became more likely to be employed. The percentage of 65-69 year-olds remaining in the workforce jumped from 26 percent to 32 percent over a ten-year-period ending in 2012. Among those 70-74 the jump was even more startling: from 14 percent to 19.5 percent. Meanwhile workers in the prime of their lives have simply left the playing field.
Read the full story: www.breitbart.com
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