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OBAMA: "Bumps in the road?" Really?
November 18, 2012
#1: Since January of 2009, the median household has lost $4,019 in income per year.
#2: Median household income has fallen every year of the Obama Administration.
#3: Our national debt recently soared past $16 TRILLION. Obama has added nearly $6 TRILLION to the national debt.
#4: Barack Obama has added more than $1 TRILLION to the national debt every year of his Presidency.
#5: The federal government is borrowing 44 cents of every dollar it spends.
#6: A gallon of regular gas cost $1.86 on average across America on President Obama’s first day in office. Today,
a gallon costs $3.86 on average in America.
#7: The official unemployment rate today is 8.1% compared with 5% four years ago and 7.8% on Obama’s first day
in office. The unemployment rate has been over 8% for 43 straight months.
#8: The true unemployment rate now is 11.2% if you use the size of the labor force as in stood in January 2009.
#9: If the labor participation rate was sitting at the 30 year average of 65.8 percent, the unemployment rate would
actually be 11.7 percent. But people are leaving the labor market because they are too discouraged to look for
work in this terrible economy, so this makes the official unemployment rate artificially low.
#10: The labor participation rate for men has fallen to 69.9 percent. This is the lowest level since the government
started tracking this number in 1948.
#11: But how are we doing compared to two years ago? The percentage of working age Americans that are
employed is smaller now than it was two years ago. In August 2010, 58.5 percent of working age Americans
had jobs. In August 2012, 58.3 percent of working age Americans had jobs.
#12: Since Barack Obama entered the White House, the number of long-term unemployed Americans has risen
from 2.7 million to 5.2 million.
#13: Today, more than half of all Americans are now at least partially financially dependent on the government.
#14: The U6 unemployment rate now stands at 14.7% when you count part-time workers who would like full-time
work and when you count those who have not looked for work in four weeks or more but who want work.
Many economists say this is the true unemployment rate.
#15: The percentage of working age Americans with a job has been below 59 percent for 35 months in a row.
#17: Since the Obama Administration declared the end of the recession in June of 2009, 58 percent of the jobs
created have been low income jobs. (Source: National Employment Law Center)
#17: Today more than 104 million Americans are enrolled in at least one welfare program run by the federal
government. We have 88 means-tested federal welfare programs.
#18: The number of Americans on food stamps has grown from 31.9 million when Barack Obama entered the
White House to 46.7 million today.
#19: One quarter of all U.S. children are enrolled in the food stamp program today.
#20: Since Obama became president, the number of Americans living in poverty has risen by 6.4 million.
#21: While Obama has been president, U.S. home values have fallen by another 11 percent.
#22: More than 10 million homeowners are underwater on their mortgages.
#23: Electricity bills in the United States have risen faster than the overall rate of inflation for four years in a
row. (Source: USA Today)
#24: While Obama has been President the velocity of money (one of the best measures of the economy’s
overall health) has plunged to a post-World War II low.
#25: More than three times as many new homes were sold in the United States in 2005 as will be sold in 2012.
#26: The United States was once ranked #1 in the world in Gross Domestic Product (GDP) per capita. Today we
have slipped to #11 — behind countries like Brunei and Norway, according to the World Fact Book published
by the CIA.
#27: The United States was ranked #1 in terms of economic competitiveness when Barack Obama became President.
Today, the U.S. economy has fallen to 7th place, according to a report by the World Economic Forum — behind
countries like Sweden, the Netherlands, and Finland.
#28: More than 10 million U.S. households today do not have a bank account. That number has increased by one
million since 2009.
#29: In 1999, 64.1 percent of all Americans were covered by employment-based health insurance. Today, only 55.1
percent are covered by employment-based health insurance.
#30: Health insurance costs have spiked up by $3,065 for the average American family since Obama took office —
a 23 percent increase (Source: Kaiser Family Foundation)
#31: Health insurance costs have been spiking up even faster since ObamaCare was passed into law on
March 24, 2010.
AS published by Escape Tyranny.
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