Posted 1 year ago on Aug. 18, 2014, 2:22 p.m. EST by sky99
This content is user submitted and not an official statement
Shortly after President Obama took office, there was a massive deletion of workers. Between 2008 and 2010, official US unemployment went from approximately 5% to 10% and the “Shadowstats” unadjusted unemployment went from less than 15% to more than 23%, where it has stayed. Government data show that there are 250 million workers, so an unemployment rate of 23.2% is approximately 58 million people out of jobs.
The workers consisted of retail, school employees, professions such as nurses and lawyers, government workers (state, local and federal), and even the military services.
If Barack Obama had known of the massive scale of the worker cutbacks, why didn't he warn the public?
There are rumors that if Wall Street fixed itself from the financial meltdown of 2008, other companies were encouraged to outsource jobs to other countries to make greater profits.