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18 Statistics That Prove That The Economy Has Not Improved Since Barack Obama Became President

KoAm 2012/04/09 01:12:45

Has the economy improved since
Barack Obama became the president of the United States?

Of course not.

Despite what you may be hearing in the mainstream media, the truth is
that when you compare the U.S. economy on the day that Barack Obama was
inaugurated to the U.S. economy today, there is really no comparison.

The unemployment crisis is worse than it was then, home values have
fallen, the cost of health insurance is up, the cost of gas is way up,
the number of Americans living in poverty has soared and the size of our
national debt has absolutely exploded.

Anyone that believes that
things are better than they were when Barack Obama was elected is simply
being delusional. Yes, things have stabilized somewhat and our economy
is not in free fall mode at this point. But don't be fooled.





18-Statistics-That-Prove-That-The-Economy-Has-Not-Improved-Since-Barack-Obama-Became-The-President-Of-The-United-States-200x300

The following are 18 statistics that prove that the economy has not
improved since Barack Obama became the president of the United
States....

#1 Today there are 88
million
working age Americans that are not employed and that are
not looking for employment. That is an all-time record high.


#2 When Barack Obama was elected, the percentage of
unemployed Americans that had been out of work for more than 52 weeks
was less than 15%. Today, it is above
30%
.


#3 There are 1.2
million
fewer jobs in America today than there were when Barack
Obama was inaugurated.


#4 When Barack Obama first took office, the number
of "long-term unemployed workers" in the United States was approximately
2.6 million. Today, that number is sitting at 5.6 million.


#5 The average duration of unemployment in the
United States is hovering close to an all-time record high.


#6 During the Obama administration, worker health
insurance costs have risen by
23 percent
.


#7 Since Barack Obama has been president, the
average price of a gallon of gasoline in the United States has increased
by 90
percent
.


#8 Since Barack Obama has been president, home
values in the United States have declined by another 13
percent
.


#9 Under Barack Obama, new home sales in the U.S.
set a brand new all-time record low in 2009, they set a brand new
all-time record low again in 2010, and they set a brand new all-time record low once again during
2011.


#10 Since Barack Obama took office, the number of
Americans living in poverty has risen by more
than 6 million
.


#11 Since Barack Obama entered the White House, the
number of Americans on food stamps has increased from 32 million to46 million.


#12 The amount of money that the federal government
gives directly to Americans has increased by 32 percent since Barack Obama entered the
White House.


#13 According to the U.S. Census Bureau, the
percentage of Americans living in "extreme poverty" is now sitting at an all-time high.


#14 When Barack Obama first took office, an ounce of
gold was going for about $850. Today an ounce of gold costs more than
$1700 an ounce.


#15 Since Barack Obama became president, the size of
the U.S. national debt has increased by
44 percent
.


#16 During Barack Obama's first two years in office,
the U.S. government added more to the U.S. national debt than the first 100
U.S. Congresses combined
.


#17 During the Obama administration, the U.S.
government has accumulated more debt than it did from the time that
George Washington took office to the time that Bill
Clinton took office
.


#18 The U.S. national debt has been increasing by an
average ofmore than 4 billion dollars
per day
since the beginning of the Obama administration.


Oh, but Barack Obama is promising that things will be much better
very soon. Barack Obama is pledging that 2
million
more jobs will be added to the economy in 2012.


Do you believe him?


Congress certainly seems to think that things will be getting
better. Congress has reduced the maximum amount of time that the
unemployed can receive unemployment benefits to 73
weeks
. That change will go into effect later this year.


But there are still millions of very talented Americans that cannot
find work after years of looking.


So what are they supposed to do?


A recent Business
Insider article
featured the story of Helen Hatat, a woman from
southern California that has been unemployed since 2009....



She lost her job in public relationships in 2009 after more than
20 years of working in the entertainment industry, the Southern
California resident said.


"When you don't have a job, you don't find a job, and
when you don't have a job, you don't find a home,
" she said.


At first she tried moving into a homeless shelter, but left
because they treated her "like garbage." Eventually she found a friend
she could stay with, but this arrangement won't last forever.


"I've found you lose most of your friends, you know. If
you have money people love you. If you don't have any money people hate
you. They treat you like you are contagious.
"



As government finances get tight, things are going to get really
tough for women like her.


When evaluating the health of the American economy, the key is not to
focus on the short-term economic numbers. Sometimes they go up and
sometimes they do down.


Instead, the key is to look at the long-term balance sheet numbers.
When you do that, it quickly becomes apparent how
appalling
our economic decline has been.


The size of federal government debt is
exploding
, state and local governments all over the country are
drowning in debt, our collective national wealth is decreasing and our
ability to produce new wealth is also being reduced as our economic
infrastructure is systematically gutted.


Of course all of the blame should not go to Obama. The truth is
that the
Federal Reserve
has much more power over the economy than Obama
does. But the American people are constantly told that the Federal
Reserve is "not political" and that we should not criticize the Fed.


So it is kind of ridiculous that presidents are judged by the
performance of the economy. Yes, Bush, Clinton, Bush and Obama have all
greatly contributed to the mess that we are in, but they are not solely
responsible for it.


In the end, however, the outcome of the next presidential election
will probably be very heavily influenced by how the U.S. economy
performs during the rest of 2012.


Sadly, as our economy declines it is bringing out the worst in many
Americans. For example, "sugar daddy" websites are absolutely exploding
in popularity. Young women that are hungry for cash are selling their
"services" to sick older men who are willing to finance the lifestyles
of these desperate young women in exchange for "companionship".


The following comes from a recent article in
The Independent
....



In America's booming online dating
market, few sectors are hotter than so-called "sugar daddy" sites, which
help rich men to make "arrangements" with attractive and financially
needy younger women. Between them, these specialist sites now account
for 10 percent of the entire industry. That's no small beans, given that
in the US the online dating business now generates profits estimated at
$700m ($442m) per year and, according to the polling firm GlobeSpan,
has helped just over one in five Americans to find their life partner.



As the economy gets even worse, millions upon millions of Americans
are going to become extremely desperate and will do things for money
that they never dreamed that they would do.


That is a very frightening thing.


America is changing, and not for the better.


You better get ready for what is ahead, because Barack Obama
is not going to save you.

You!
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  • beach bum 2012/04/14 23:39:46
    beach bum
    and number 19 is?
  • luvguins 2012/04/10 00:36:01
    luvguins
    What right wing lying rag did that come from, Princess? 28 months of increases in private sector jobs, housing market improving and prices for homes rising in some areas. 2 million jobs saved with the stimulus and the auto bailout. Out of Iraq is saving billions per month. Romney doesn't have a prayer of getting elected.
  • Sissy 2012/04/09 11:24:19
    Sissy
    +5
    LOL. Just keep telling yourselves that as you cling to the mis-information, distortions and outright lies you're constantly fed and you want to believe.

    You seem to forget that it was largely the republicans who got us into this mess in the first place and then your determination to keep us there. While you applaud the country hopefully in your estimation, remaining on the ropes, slowly but surely in spite of you, we're climbing out.
  • ed 2012/04/09 08:40:36
    ed
    +1
    Try telling that to the democrats and liberals.Great post by the way.
  • ehrhornp 2012/04/09 07:03:15
    ehrhornp
    +2
    What have you been smoking? You got some pretty bad stuff there. First of all the stock market has gone from under 7000 at the bottom of the Bush recession to 13000 today. Second of all GNP is above where it was prior to the start of the Bush recession. Third housing prices are up where I live. The house across the street just sold for $950,000. A couple of years ago, they would have been lucky if they got 800000 for it.

    In any event it was G W Bush and the republican policies that crashed the economy in the first place. This tends to happen when you practice socialism for the rich. Wake up.
  • TheTruth1313 2012/04/09 05:42:23
    TheTruth1313
    +1
    An awesome post. We can only hope that this will sink into some of the Obot heads and those of the undecided.
  • AL 2012/04/09 05:08:42
    AL
    You nailed it again "Jen"! It's all just a lame stream media smoke screen at best!
  • Nichole 2012/04/09 05:01:49
    Nichole
    +1
    Unemployed workers aren't looking for jobs because there's not really any there. I think it's sad when people have to just give up because there's nothing else they can do.
  • The Thinking Woman 2012/04/09 04:53:02
    The Thinking Woman
    +3
    What a crock of chit. You really think Romney has a chance? What a stupid a$$
  • HL 2012/04/09 04:37:17
    HL
    +7
    Ha nice RW bullsh!t good luck with Romney!

    http://www.gallup.com/home.aspx
  • Arya 2012/04/09 04:32:24
  • ImageBandit ~ American Patriot 2012/04/09 04:27:50
    ImageBandit ~ American Patriot
    I only need one statistic - my business has dropped off alarmingly - that would not happen if things were getting better
  • Jakedog ImageBa... 2012/04/09 05:35:24
    Jakedog
    +4
    I am sorry to here that, the company I work for has been hiring like crazy for the last two months. I have brought two people into my Dept since February that is a 33% increase.
    We are working 3 shifts 6 days a week.
  • ImageBa... Jakedog 2012/04/09 12:31:48
    ImageBandit ~ American Patriot
    I am glad for you - that is not happening around here
  • sean 2012/04/09 04:20:06
    sean
    +1
    Well it's obvious that that was
    obvious
  • mwf122090 2012/04/09 03:56:45
    mwf122090
    +3
    What's really funny is that Democrats will post the exact opposite of this and you'll call them liars and they'll come on here and call you liars. The truth is, our government (both parties included) have failed all of us. They're too busy trying to hurt each other to care what's happening to everyone else in the country. I'm not sticking up for Obama, Pelosi, or Reid by any means, but I'm also not going to stick up for Boehner, McConnel, Romney, or any other Republican.

    If anything needs to be done we need to vote all those people in Washington out who have been there for far too long. Then along with that we need to find people willing to impose term limits on Senators and Reps to keep people from gaining to much political clout.
  • Elleryqueen 2012/04/09 03:23:08
    Elleryqueen
    Great post. In spite of the aforementioned facts there are still those that think this illegal, lying crook is doing a great job. He is doing a great job, at destroying this wonderful country.
  • Leasheryn/Lady Willpower 2012/04/09 03:03:17
    Leasheryn/Lady Willpower
    +1
    Thanks for the confirmation. I didn't need statistics to tell me the economy is in the tank. Anyone who has either eyes opened can see things have gotten a heck of a lot worse than they were before the libs hijacked the country and foisted an imposter upon us. We had a terrific economy when Bush was in office. The country was thriving and people were happy. It can be that way again once we get someone who is serious about fixing things in as president.
  • keeper 2012/04/09 02:51:35
    keeper
    +1
    That about sums it up~~ Herb has some good facts too!!
  • Kat ♪.BTO-t-BCRA-F~PWCM~ 2012/04/09 02:31:51
    Kat ♪.BTO-t-BCRA-F~PWCM~
    +2
    No it's not improved. Anything that looks like it has is being held up by adding to the national debt. Jobs are lost daily, the only ones picking up are federal govt workers and fast food. Total lies and rhetoric on their part. http://www.usdebtclock.org/

  • Soup Man Kat ♪.B... 2012/04/09 02:45:25
  • CUDDLY BUT STILL CRABBY 2012/04/09 02:25:42
    CUDDLY BUT STILL CRABBY
    +3
    The numbskulls will STILL vote for The One because ............

    after 3.5 years of the WORST.PRESIDENT.EVER he has the luxury of having 98.9% of the black and guilt-ridden cracker voters still bamboozled, and they LOVE HIM for it.
  • luvguins CUDDLY ... 2012/04/10 00:20:16
    luvguins
    You numbskulls put Bush back in for 2004. What did that get us but almost a depression!
  • CUDDLY ... luvguins 2012/04/10 04:23:54
    CUDDLY BUT STILL CRABBY
    No comparison. In 2008, Americans elected the first anti-American Communist US President and look where we're at now? Real unemployment closer to 20% A gallon of gas bordering on $4.50 per and rising. The Food Stamp President PROUD to be so.

    Legions (but thankfully still a minority) of numbskull die-hard America hating fools awaiting the opportunity to pull that lever for the WORST.PRESIDENT.EVER once again.

    Sounds like you are STILL bamboozled.
  • luvguins CUDDLY ... 2012/04/10 04:51:54
    luvguins
    Oh the hyperbole, and all false. You get the Drama King Award today, loser. Drama King
  • CUDDLY ... luvguins 2012/04/11 01:12:42
    CUDDLY BUT STILL CRABBY
    How's that KIA working out for ya?
  • luvguins CUDDLY ... 2012/04/11 02:06:35
    luvguins
    +1
    So what's with the name change, Crabby? Bragging about your profession now....lol. I recognized your pup. Love my Kia. It is a joy to drive.
  • Studied 2012/04/09 02:09:46
    Studied
    +3
    You do realize that when the unemployment is reduced to 73 weeks, millions of people will go off the unemployment record which will cause the unemployment rate to drop dramatically thus creating the illusion things are much better. Just in time for the election. And now you know why this actually passed the Senate.
  • Wolfstar 2012/04/09 01:41:43
    Wolfstar
    +3
    Facts have no effect on liberals.
    Delusional socialists are oblivious to reality.
    BHO and the Demo-zombies must go!
  • Herb 2012/04/09 01:31:14
    Herb
    +7
    enough said

    January 3, 2007 was the day that Democrats took control of both houses of Congress. Let's take a factual look at what they inherited.

    The DOW Jones closed at 12,621.77

    The unemployment rate was 4.6%

    The GDP for the previous quarter was 3.5%

    The economy had just set a record of 52 straight months of job creation

    26 million Americans were on food stamps

    47 banks were on the FDIC problem list

    The Social Security program took in the neighborhood of 100 billion more than it paid out

    The national debt was approaching 9 trillion dollars

    Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee

    Obama became a Senator from Illinois

    Bush was on record requesting restraint on Freddie Mac and Fannie Mae 17 times

    Since then, it was Freddie Mac and Fannie Mae that dumped trillions of dollars of toxic assets on taxpayers. It was Obama who got the third highest pay-out from Fannie Mae and Freddie Mac. It was the Democratic Congress that defended them along the way.

    So since it was the Democrats that were really driving the car, I think they get the DUI even though they insisted Bush was driving. I think the evidence speaks for itself.

    WE ALL KNOW THE REST OF THE STORY!
  • keeper Herb 2012/04/09 02:52:53
    keeper
    +1
    Good additions to the list above...
  • NPC 2012/04/09 01:26:25
    NPC
    +5
    Liberals do not care about substance, facts and the truth. They do know they are not prospering with Barry in the WH. The Democrats may do us a favor and stay home in the Election of 2012 to save face with their neighbors that actually work and pay taxes !

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