President Obama made, and broke many promises to the American People. Most notably that “If you like your plan you can keep your plan”, but there is one promise that he did keep. Obama and the Democrat Party campaigned in 2007 on the promise of fundamentally transforming America.
A recent Bureau of Labor and Statistics (BLS) paper shows measurable evidence of one tragic impact that promise is taking. Vernon Brundage produced several charts in his paper titled “Trends in unemployment and other labor market difficulties”.
Two of those charts, below, clearly show the fundamental damage being caused by Democrat policies. Both charts show US economic statistics dating back to 1994. They also both show how historic trends changed after President Obama was sworn in back in January 2009. More precisely, both charts clearly prove that part time unemployment began to grow as a percentage of U6* in early 2010. Something else also happened in early 2010.
The “Affordable” Care Act, a.k.a. “Obamacare” was signed into law on 23 March, 2010. Many of us argued that one of the law’s expected impacts would be to increase part time employment, as it encouraged employers to avoid the Obamacareby reducing their worker’s hours below 30 hours per week. The second chart, below, clearly proves that part time employment, light blue, did not decrease with improving unemployment rates, which violates historic trends. The fundamentals of the economy were changed, and widening part time employment is here to stay.
This third chart adds another dimension to the second chart. It also plots Part Time For Economic Workers, in yellow, as a % of total Unemployment. The part time component of our economy is growing as Obama care gets implemented.
Thanks to the BLS for the proof of President Obama and Progressive Democrat’s Fundamental Transformation in action, no surprise that it’s bad for Americans and bad for America.
*U-6: Total number of people who are unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force.