Twenty two facts about our economy Obama’s media Cheerleaders would rather you didn’t know
By Kevin “Coach” Collins
Our national debt has risen more than $5 trillion dollars during Obama’s administration, more than what it increased under all previous 42 presidents combined.
The number of Americans on Food Stamps has risen from 32 million to over 46.4 million in Obama’s three years in office.
At $3.59 the average price of gasoline is $ 1.74 MORE than it was the day Barack Obama was sworn in.
Twenty two percent of American children live in poverty; the highest level in 30years.
For forty straight months, every single full month of Obama’s reign, unemployment has been 8%.
Forty two percent of American workers are living paycheck to paycheck.
Fifty three percent of college graduates under 25 are either unemployed or under employed.
The Federal Reserve has monetized 61% of our national debt. This means we are “selling” government bonds to other government agencies.
Eighty six percent of 60 + American workers will continue working past their 65th birthday.
Ninety five percent of the jobs lost in Obama’s depression have been lost by middle class workers.
To satisfy local state and federal taxes the average working American has to put in 107 days- more than 21 weeks of work.
In Detroit, thanks to Democrat policies for the last fifty years, a three bedroom home can be purchased for just $500.00 – which is actually a slight uptick over recent years.
Barack Obama took office he has destabilized the national economy so much that the price of an ounce of gold has risen from $850.00 to over $1600.00.
Last month in Montgomery Alabama 20,000 people applied for 877 openings at a Hyundai plant.
In 2011 the average American household spent a staggering $4,155.00 on gasoline.
Currently there are a record breaking 88 million plus Americans of working age who are unemployed.
Student loans, which are NOT dischargeable in bankruptcy, now stand at over 1 $ trillion dollars which KILLS the future of millions of our young people.
Compared to 1985 our 2011trade deficit with China was more than 49,000 times larger.
To determine the why cocaine makes the Japanese quail engage in risky sexual behavior the Obama Administration spent $175,587.00 of our tax dollars.
The national debt could not be repaid in less than 440,000 years if we started immediately.
Our debt is growing at the rate of OVER 2 million dollars each MINUTE!
In 2010 2.6 million Americans fell into poverty. Since 1959 when this statistic was developed no year saw a bigger increase.
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The research for this piece came from
This day in history June 22
1898: In Spanish American War Marines landed in Cuba
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