The real american income story

Both Obama and Hillary make glowing claims of economic improvement in the economy during the last 7 and 1/2 years. I would like to walk you through some official statistics that depict a very different story. By the way, Hillary has made it clear that she intends to continue the same economic policies that Obama has pursued.

First of all, everyone knows that the unemployment figures constantly quoted are skewed and present an inaccurate picture of the real employment situation in the U.S. A much better statistic which presents a much more accurate picture of the labor market is the labor participation rate. It is a simple ratio which states what percentage of the American population is employed full-time. Here is the real data for January for each year that Obama has been in power.
Year     
2008      66.2% of population with full time employment
2009      65.7% of population with full time employment
2010      64.8% of population with full time employment
2011      64.2% of population with full time employment
2012      63.7% of population with full time employment
2013      63.6% of population with full time employment
2014      62.9% of population with full time employment
2015      62.7% of population with full time employment
Clearly, every year that Obama has been in office has been a failure based on the above statistics and Hillary is promising more of the same. You can verify these statistics by going to the following URL:
http://data.bls.gov/timeseries/lns11300000

So, the statistics prove that Obama's economic plan is providing a smaller percentage of people with jobs every year, but the situation is even worse. The income for the people who are still employed in Obama's economy has decreased. In 2008, the median annual income in the U.S. was $57,211. In an almost straight downward spiral the median annual income has decreased to $53,657 in 2014. So, Obama's policies (read that as Hillary's proposed policies) have resulted in a net loss of $3554 in annual median income. This is a net loss of 6.2%, almost 1% per year. You can check these figures at
http://www.deptofnumbers.com/income/us

But wait. It get even better (oops, I mean worse). How much purchasing power does that $53,657 have after you factor in inflation? The dollars in 2008 were worth more than the dollars in 2016. How many dollars today are needed to buy the same amount as $57,211 bought in 2008? The answer is $64,049. You can check this out at http://inflationcalculator.com

So, if you need an income of $64,049 today to equal the income of $57,211 in 2008, how much real purchasing power has been lost in the last 7 and a half years. The real purchasing power of $53,657 is 83.7% of the needed $64,049 required to equal 2008 dollars. The real decrease of the average American's annual income is 16.3% during Obama's time in office, and Hillary sees no problem with this. She must not because she intends to continue the same inferior policies which will certainly produce the same inferior results.