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A Tale Of Two Knox College Speeches, Then And Now: Not Better Off

- July 24, 2013

Today, Obama Will Speak On The Economy At Knox College, Where He Also Spoke On The Economy In June 2005. “In early June of 2005, less than six months after he was sworn in as a U.S. Senator, Barack Obama spoke at a graduation ceremony at Knox College in Galesburg, Illinois. In his address, Obama defended the government’s role in creating and sustaining the middle class, themes he would later carry into two successful presidential campaigns. ‘Our economic dominance depended on individual initiative. It depended on a belief in the free market,’ he said. ‘But it also depended on our sense of mutual regard for each other, the idea that everybody has a stake in the country, that we’re all in it together, and that everybody’s got a shot at opportunity.’ Obama returns today to the tiny liberal arts college for what the White House has billed as a major economic address.” (Nate Rawlings, “Why Obama Keeps Going Back To One Small Illinois College,” TIME, 7/24/13)

Eight Years And A Presidential Term Later, Are We Better Off Under Obama?

As Of June 2013, The Unemployment Rate Remained At 7.6 Percent. (Bureau Of Labor Statistics, Accessed 7/24/13)

As Of June 2013, The Number Of Unemployed Workers Is 11.8 Million. (Bureau Of Labor Statistics, Accessed 7/24/13)

As Of June 2013, The Number Of Workers Working Part-Time For Economic Reasons Is 8.2 Million. (Bureau Of Labor Statistics, Accessed 7/24/13)

  • FLASHBACK: In June 2005, The Number Of Workers Working Part-Time For Economic Reasons Was 4,432,000. (Bureau Of Labor Statistics, Accessed 7/24/13)

As Of June 2013, There Are 1,027,000 Unemployed Workers That Have Given Up Looking For Work. (Bureau Of Labor Statistics, Accessed 7/24/13)

  • FLASHBACK: In June 2005, There 476,000 Unemployed Workers That Have Given Up Looking For Work. (Bureau Of Labor Statistics, Accessed 7/24/13)

As Of June 2013, The Real Unemployment Rate, Including Those That Are Working Part-Time Due To Economic Reasons, Is 14.3 Percent. (Bureau Of Labor Statistics, Accessed 7/24/13)

As Of June 2013, The Average Duration Of Unemployment Is 35.6 Weeks. (Bureau Of Labor Statistics, Accessed 7/24/13)

As Of June 2013, The African American Unemployment Rate Is 13.7 Percent.  (Bureau Of Labor Statistics, Accessed 7/23/13)

  • FLASHBACK: In June 2005, The African American Unemployment Rate Was 10.2 Percent. (Bureau Of Labor Statistics, Accessed 7/24/13)

As Of June 2013, The Hispanic Unemployment Rate Is 9.1 Percent.  (Bureau Of Labor Statistics, Accessed 7/23/13)

As Of June 2013, The Unemployment Rate For Women Is 7.3 Percent.  (Bureau Of Labor Statistics, Accessed 7/23/13)


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