January 13, 2016

Who’s ‘Peddling Fiction’ About the Economy?

The chief executive’s divisive rhetoric isn’t helping.

At last night’s State of the Union Address, Barack Obama crowed about his track record with the economy. Jobs have been increasing, he said, and because of that, everything is on the up and up. “Let me start with the economy and a basic fact,” Obama said. “The United States of America, right now, has the strongest, most durable economy in the world. We’re in the middle of the longest streak of private-sector job creation in history. … Anyone claiming that America’s economy is in decline is peddling fiction.”

Yes, every month, the Bureau of Labor Statistics releases that jobs report and the headlining numbers — how many jobs added, the unemployment rate — look good. But Obama is painting with too broad a brush when he says his naysayers are describing a fictional reality. The numbers deeper in those reports tell a more ominous story. As Fortune demonstrates, wages under Obama’s administration have basically stagnated. Personal debt held by Americans has increased by about $1 trillion. Meanwhile, fewer Americans are buying homes. And as for those increased employment numbers, it is undercut by the fact that the overall percentage of Americans in the workforce is hovering around record lows.

As a hallmark of his economy, Obama said last night more Americans work in the solar industry than coal. Of course — this is because the Obama administration has decimated the coal industry through regulation, as the second largest coal company filed for bankruptcy and West Virginia struggles with staggering unemployment numbers. The chief executive’s divisive rhetoric on the economy isn’t helping, either. But here’s some good news: America’s economy is durable. It will move past the Obama era.

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!


The Patriot Post and Patriot Foundation Trust, in keeping with our Military Mission of Service to our uniformed service members and veterans, are proud to support and promote the National Medal of Honor Heritage Center, the Congressional Medal of Honor Society, both the Honoring the Sacrifice and Warrior Freedom Service Dogs aiding wounded veterans, the National Veterans Entrepreneurship Program, the Folds of Honor outreach, and Officer Christian Fellowship, the Air University Foundation, and Naval War College Foundation, and the Naval Aviation Museum Foundation. "Greater love has no one than this, to lay down one's life for his friends." (John 15:13)

★ PUBLIUS ★

“Our cause is noble; it is the cause of mankind!” —George Washington

Please join us in prayer for our nation — that righteous leaders would rise and prevail and we would be united as Americans. Pray also for the protection of our Military Patriots, Veterans, First Responders, and their families. Please lift up your Patriot team and our mission to support and defend our Republic's Founding Principle of Liberty, that the fires of freedom would be ignited in the hearts and minds of our countrymen.

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2024 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.