Obamanomics: Trickle Up Poverty –Monica/Twitter
(Zero Hedge) When the Labor Dept released today’s jobs report, the world is finally noticing what we’ve been saying for nearly 3 years–the United States is slowly being converted to a part-time worker society.
This slow conversion accelerated drastically in the last few months and especially in June when part-time jobs exploded higher by 360,000 while full time jobs dropped by 240,000
On Wednesday I wrote here if the “Obamanomics Magic” is working as well as many Americans had hoped for 4 out of 5 Americans would not be struggling with joblessness, poverty and/or relying on food stamps for at least part of their lives–a sure sign of a deteriorating economy and an elusive American dream.
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