[Rushtalk] 37 Statistics - Which Show How Obama Has Wrecked The U.S. Economy in the last 4 years

Carl Spitzer Winblows at lavabit.com
Sun Feb 24 18:06:51 MST 2013


                                    
                                    

               37 Statistics Which Show How Four Years Of

                   Obama Have Wrecked The U.S. Economy

                                    
                   By Michael, The Economic Collapse
http://gopthedailydose.com/2013/01/23/37-statistics-which-show-how-four-years-of-obama-have-wrecked-the-u-s-economy/
 
 
The mainstream media covered the inauguration of Barack Obama with
breathless anticipation on Monday, but should we really be celebrating
another four years of Obama?   The truth is that the first four years of
Obama were an absolute train wreck for the U.S. economy. 

Over the past four years, the percentage of working age Americans with a
job has fallen, median household income has declined by more than $4000,
poverty in the U.S. has absolutely exploded and our national debt has
ballooned to ridiculous proportions. 

Of course all of the blame for the nightmarish performance of the
economy should not go to Obama alone. Certainly much of what we are
experiencing today is the direct result of decades of very foolish
decisions by Congress and previous presidential administrations. And of
course the Federal Reserve has more influence over the economy than
anyone else does. 

But Barack Obama steadfastly refuses to criticize anything that the
Federal Reserve has done and he even nominated Ben Bernanke for another
term as Fed Chairman despite his horrific track record of failure, so at
a minimum Barack Obama must be considered to be complicit in the Fed’s
very foolish policies. 

Despite what the Obama administration tells us, the U.S. economy has
been in decline for a very long time, and that decline has accelerated
in many ways over the past four years.   Just consider the statistics
that I have compiled below. The following are 37 statistics which show
how four years of Obama have wrecked the U.S. economy…

1.

 During Obama’s first term, the number of Americans on food stamps
increased by an average of about 11,000 per day.

2.

 At the beginning of the Obama era, 32 million Americans were on food
stamps. Today, more than 47 million Americans are on food stamps.

3.

 According to one calculation, the number of Americans on food stamps
now exceeds the combined populations of “Alaska, Arkansas, Connecticut,
Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine,
Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North
Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont,
West Virginia, and Wyoming.”

4. 

The number of Americans receiving money directly from the federal
government each month has grown from 94 million in the year 2000 to more
than 128 million today.

5. 

According to the U.S. Census Bureau, more than 146 million Americans are
either “poor” or “low income” at this point.

6. 

The unemployment rate in the United States is exactly where it was (7.8
percent) when Barack Obama first entered the White House in January
2009.   [this is 100% Obama's Fault]

7. 

When Barack Obama first entered the White House, 60.6 percent of all
working age Americans had a job. Today, only 58.6 percent of all working
age Americans have a job.

8.

 During the first four years of Obama, the number of Americans “not in
the labor force” soared by an astounding 8,332,000. That far exceeds any
previous four year total.

9.

 During Obama’s first term, the number of Americans collecting federal
disability insurance rose by more than 18 percent.

10. 

The Obama years have been absolutely devastating for small businesses in
America.     According to economist Tim Kane, the following is how the
number of startup jobs per 1000 Americans breaks down by presidential
administration…

Bush Sr.: 11.3

Clinton: 11.2

Bush Jr.: 10.8

Obama: 7.8

 

11. 

Median household income in America has fallen for four consecutive
years. Overall, it has declined by over $4000 during that time span.

12. 

The economy is not producing nearly enough jobs for the hordes of young
people now entering the workforce.    Approximately 53 percent of all
U.S. college graduates under the age of 25 were either unemployed or
underemployed in 2011.

13. 

According to a report from the National Employment Law Project, 58
percent of the jobs that have been created since the end of the
recession have been low paying jobs.

14.

 Back in 2007, about 28 percent of all working families were considered
to be among “the working poor”. Today, that number is up to 32 percent
even though our politicians tell us that the economy is supposedly
recovering.

15.

 According to the Center for Economic and Policy Research, only 24.6
percent of all of the jobs in the United States are “good jobs” at this
point.

16. 

According to the U.S. Census Bureau, the middle class is taking home a
smaller share of the overall income pie than has ever been recorded
before.

17.

 According to the Economic Policy Institute, the United States is losing
half a million jobs to China every single year.

18.

 The United States has fallen in the global economic competitiveness
rankings compiled by the World Economic Forum for four years in a row.

19. 

According to the World Bank, U.S. GDP accounted for 31.8 percent of all
global economic activity in 2001. That number declined steadily over the
course of the next decade and was only at 21.6 percent in 2011.

20.

 The United States actually has plenty of oil and we should not have to
import oil from the Middle East. We need to drill for more oil, but
Obama has been very hesitant to do that. Under Bill Clinton, the number
of drilling permits approved rose by 58 percent. Under George W. Bush,
the number of drilling permits approved rose by 116 percent. Under
Barack Obama, the number of drilling permits approved actually decreased
by 36 percent.        {This is 100% Obama's Fault }

21. 

When Barack Obama took office, the average price of a gallon of gasoline
was $1.84. Today, the average price of a gallon of gasoline is $3.26.
{OBAMA's Fault Too!}

22.

 Under Barack Obama, the United States has lost more than 300,000
education jobs.

23. 

For the first time ever, more than a million public school students in
the United States are homeless. That number has risen by 57 percent
since the 2006-2007 school year.

24. 

Families that have a head of household under the age of 30 now have a
poverty rate of 37 percent.

25.

 More than three times as many new homes were sold in the United States
in 2005 as were sold in 2012.

26.

 Electricity bills in the United States have risen faster than the
overall rate of inflation for five years in a row.

27.

 Health insurance costs have risen by 29 percent since Barack Obama
became president. { If You think this ant Obama's fault , then I got
some water front lots in the Desert that I want to sell you ! }

28. 

Today, 77 percent of all Americans live paycheck to paycheck at least
part of the time.

29. 

It is being projected that Obamacare will add 16 million more Americans
to the Medicaid rolls. {100% Obama's Fault }

30.

 The total amount of money that the federal government gives directly to
the American people has grown by 32 percent since Barack Obama became
president.

31. 

The Obama administration has been spending money on some of the most
insane things imaginable. For example, in 2011 the Obama administration
spent $592,527 on a study that sought to figure out once and for all why
chimpanzees throw poop.

32. 

U.S. taxpayers spend more than 20 times as much on the Obamas as British
taxpayers spend on the royal family.{This is 100% our [taxpayers ]Fault
- not Obama's fsault -ok?}

33. 

The U.S. government has run a budget deficit of well over a trillion
dollars every single year under Barack Obama.{ Obama has never even had
a Budget in his 4 years - Hello? } 

34.

 When Barack Obama was first elected, the U.S. debt to GDP ratio was
under 70 percent. Today, it is up to 103 percent.

35. 

During Obama’s first term, the federal government accumulated more debt
than it did under the first 42 U.S presidents combined. {100% Obama's
Fault }

36. As I wrote about yesterday, when you break it down the amount of new
debt accumulated by the U.S. government during Obama’s first term comes
to approximately $50,521 for every single household in the United
States. Are you ready to contribute your share?

37. 

If you started paying off just the new debt that the U.S. has
accumulated during the Obama administration at the rate of one dollar
per second, it would take more than 184,000 years to pay it off.

But despite all of these numbers, the mainstream media and the left just
continue to shower Barack Obama with worship and praise. 

Newsweek recently heralded Obama’s second term as “The Second Coming”,
and at Obama’s pre-inauguration church service Reverand Ronald Braxton
openly compared Obama to Moses…{ WHAT????}

At Metropolitan African Methodist Episcopal Church, Braxton reportedly
crafted his speech around Obama’s personal political slogan: “Forward!”

Braxton said OBAMA was just like Moses facing the Red Sea: “forward is
the only option … The people couldn’t turn around.   The only thing that
they could do was to go forward.”     Braxton said Obama would have to
overcome all obstacles – like opposition from Republicans, presumably,
or the bounds of the Constitution. Braxton continued, “Mr. President,
stand on the rock,” citing to Moses standing on Mount Horeb as his
people camped outside the land of Israel.

But it wasn’t enough to compare Obama with the founder of Judaism and
the prophet of the Bible. Braxton added that Obama’s opponents were like
the Biblical enemies of Moses, and that Obama would have to enter the
battle because “sometimes enemies insist on doing it the hard way.”

So what do you think the next four years of Obama will bring?


-- 
ObombA did not win erection, Trotskite RINO Mitt Romney threw the
election.  -- Rush Limbaugh
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