"Following President Obama’s speech on the economy on Thursday, the PBS NewsHour offered a 48-second news brief on the subject, in which co-anchor Gwen Ifill offered no opposing viewpoint to the President’s claim in his speech that “by every measure, the country is better off than when he took office.”
The show then played a soundbite of the President, in which he lamented that “millions of Americans don't yet feel enough of the benefits of a growing economy where it matters most, and that’s in their own lives and these truths aren't incompatible.
In contrast to that, Lou Dobbs aired some of what the President said as well during his Fox Business Network (FBN) program on Thursday night, but he also provided plenty of facts that take the President’s claims that the economy is better thanks to him to task.
First, Dobbs pointed to the country’s national debt, which stood at $10.6 trillion when Obama took office, now stands at $17.8 trillion and “is crushing in size and its impact on our government and taxpayers alike.”
Next, despite the President’s proclamation that the economy is growing and thriving, Dobbs mentioned that the same can’t be said about incomes, as median incomes have fallen from $57,000 since the President was inaugurated in 2009 to $54,000 now. As an addendum to that, an article on the website FiveThirtyEight reported that median incomes have fallen 8 percent since 2007.
The FBN host then went on fire off three more troubling statistical comparisons between when Obama became President and now:
The labor participation rate back then was nearly 66 percent. It’s now 63 percent. The home ownership rate back then: 67 and a half percent. Today under 65 percent. The number of Americans on food stamps, then: 32 million. Now: 46 million and the President wants to talk economy? Because he doesn't have a clear strategy to destroy the Islamic State and thinned off the pesky Republicans at the polls?
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