Yesterday the Daily Caller posted an article on our current financial recovery from the financial crisis of 2008.

The article reports:

Less than half of Americans’ per-capita wealth that was lost in the government-boosted property bubble has been recovered by mid-2013, says a new White House report that is intended to help President Barack Obama trumpet his economic accomplishments.

“Adjusted for inflation and population growth, only 45 percent of wealth lost during the recession has been recovered, and many of the hardest hit households did not benefit as much from the rebound in [Wall Street] financial assets prices,” the report admits.

I suspect that part of the fact that the lost wealth has not been recovered is due to the fact that a good deal of that wealth was in the housing bubble. You can easily make the case that it was not real wealth–it was part of a bubble. However, the jobs numbers are real, and they are pathetic.

The article reports:

But Obama’s economic report has so many gaps that it fails to mention today’s unemployment rate, or even the 20 million Americans who are unemployed or underemployed.

The report does declare that “over the past three and a half years, our businesses have created seven and a half million new jobs.” But the population also has grown 7 million, from 306.8 million in 2009, to 314 million in 2012, partly through the arrival of roughly 5 million immigrants.

…The report doesn’t mention the Supplemental Nutrition Assistance Program, or food stamps, even though enrollment in the program has dramatically increased over Obama’s tenure, from 28 million recipients in 2008 to 47.7 million recipients in June 2013.

The labor force participation rate currently stands at 63.2 percent according to Bureau of Labor Statistics data. In a very odd twist of fate, the people who voted for President Obama are also the ones hit hardest by the recession and so-called recovery. In view of their own economic survival, I strongly suggest that the low-information voters become informed voters before they vote again.