According to a CNN Money survey, a full 76% of Americans are living “paycheck to paycheck”. That means that they are not really saving any money. Welcome to the only recovery we’ll have to recover from.
Heck, in many ways the recovery has been worse than the recession.
Since President Obama took office, the value of the dollar has dropped by 40%. The labor force participation is the lowest since (and I’m not making this up) Jimmy Carter was in office. Debt-to-
Meanwhile, 70% of Americans hate their job, according to this morning’s Today Show (I saw it in the studio).
Only in the Obama economy should we feel lucky to have a job we hate, that still barely keeps our heads above water.
Let’s cut to the real chase on this: Thanks to President Obama and the Democrats, 76% of our countrymen are broke.