18 Statistics That Prove That The Economy Has Not Improved Since Barack Obama Became President
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.
The following are 18 statistics that prove that the economy has not
improved since Barack Obama became the president of the United
#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
#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
#7 Since Barack Obama has been president, the
average price of a gallon of gasoline in the United States has increased
#8 Since Barack Obama has been president, home
values in the United States have declined by another 13
#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
#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
#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
#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
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
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.
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