7 Stone Cold Facts About the Economy That Progressives Cannot Wish Away
” Facts are unbelievably stubborn things.
Compare these changes for the last year of the Bush presidency 2008 versus the last full year of the Obama presidency 2013:
- Full time workers: 120 million vs. 116 million
- Workforce participation: 66% vs. 63.2%
- Home ownership: 70% vs. 62%
- Median income: $55,484 vs. $52,098
- Poverty rate: 13% vs. 15%
- People on food stamps: 31.6 million vs. 47.8 million
- Debt-to-GDP: 64.8% vs. 101.6% “
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