The Obama Economy. 33 Facts Against the Recovery

Welcome to our community

Be a part of something great, join today!

PapaG

Banned User
BANNED
Joined
Sep 23, 2008
Messages
32,870
Likes
291
Points
0
Data is from the federal government. How dumb are people these days?

http://www.zerohedge.com/news/2013-...show-how-badly-economy-has-tanked-under-obama

#1 When Barack Obama entered the White House, 60.6 percent of working age Americans had a job. Today, only 58.7 percent of working age Americans have a job.

#2 Since Obama has been president, seven out of every eight jobs that have been "created" in the U.S. economy have been part-time jobs.

#3 The number of full-time workers in the United States is still nearly 6 million below the old record that was set back in 2007.

#4 It is hard to believe, but an astounding 53 percent of all American workers now make less than $30,000 a year.

#5 40 percent of all workers in the United States actually make less than what a full-time minimum wage worker made back in 1968.

#6 When the Obama era began, the average duration of unemployment in this country was 19.8 weeks. Today, it is 36.6 weeks.

#7 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.

#8 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.

#9 When Obama was elected, the homeownership rate in the United States was 67.5 percent. Today, it is 65.0 percent. That is the lowest that it has been in 18 years.

#10 When Obama entered the White House, the mortgage delinquency rate was 7.85 percent. Today, it is 9.72 percent.

#11 In 2008, the U.S. trade deficit with China was 268 billion dollars. Last year, it was 315 billion dollars.

#12 When Obama first became president, 12.5 million Americans had manufacturing jobs. Today, only 11.9 million Americans have manufacturing jobs.

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

#14 The poverty rate has shot up to 16.1 percent. That is actually higher than when the War on Poverty began in 1965.

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

#16 When Barack Obama entered the White House, there were about 32 million Americans on food stamps. Today, there are more than 47 million Americans on food stamps.

#17 At this point, more than a million public school students in the United States are homeless. This is the first time that has ever happened in our history. That number has risen by 57 percent since the 2006-2007 school year.

#18 When Barack Obama took office, the average price of a gallon of regular gasoline was $1.85. Today, it is $3.53.

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

#20 Health insurance costs have risen by 29 percent since Barack Obama became president, and Obamacare is going to make things far worse.

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

#22 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

#23 In 2008, that total amount of student loan debt in this country was 440 billion dollars. At this point, it has shot up to about a trillion dollars.

#24 According to one recent survey, 76 percent of all Americans are living paycheck to paycheck.

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

#26 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.

#27 According to the Survey of Income and Program Participation conducted by the U.S. Census, well over 100 million Americans are enrolled in at least one welfare program run by the federal government.

#28 As I wrote about the other day, American households are now receiving more money directly from the federal government than they are paying to the government in taxes.

#29 Under Barack Obama, the velocity of money (a very important indicator of economic health) has plunged to a post-World War II low.

#30 At the end of 2008, the Federal Reserve held $475.9 billion worth of U.S. Treasury bonds. Today, Fed holdings of U.S. Treasury bonds have skyrocketed past the 2 trillion dollar mark.

#31 When Barack Obama was first elected, the U.S. debt to GDP ratio was under 70 percent. Today, it is up to 101 percent.

#32 During Obama's first term, the federal government accumulated more new debt than it did under the first 42 U.S presidents combined.

#33 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 able to pay your share?
 
iHWTcSYRY6JIP.gif
 
A lot of the list is crap, but some of it is meaningful.

Maybe, just maybe, there are fewer workers in the workforce because baby boomers are retiring. The workforce is supposed to be getting smaller like that, otherwise SS and medicare wouldn't be doomed.

&c
 
#18 price of gas. 6 months before Obama took office, it was $4
 
#18 price of gas. 6 months before Obama took office, it was $4

That is the thing that bugs me most about these "facts" and "lists" that people promote. All these lists are just someone who wanted to find anything negative about the economy (or whatever issue they are passionate about) and list them, and pin them on the president (whoever that president is).

It doesn't always fit logic, facts and actual truths, but it sure makes for a neat email you can forward!!!

Like the gas thing...the ONLY reason gas had gone down was because the government (etc) had actually done something to make it appear that they were going to go after the oil companies and the oil companies flinched...for a short while.


Then once they realized the government was bluffing, prices rose again. It had nothing to do with who was in office, and it has nothing to do with who is currently in office.
 
Meanwhile, in Russia:

ku-bigpic.gif


If we built 500 of these, our economy would be way better. Thanks, Obama.
 
It's true, but it's not necessarily a direct or even related correlation

He had half of TARP and all of his $800B "emergency" stimulus (slush) fund to spend.

RELATED.
 
#6 is true and absolutely his doing.
 
http://www.washingtonpost.com/busin...e5ce28-090c-11e3-9941-6711ed662e71_story.html

We should ask why our recovery from this recession is so different. This recession should have been like the deep and painful one in 1981-82, which then had a remarkable recovery. Instead, this one has been the worst since the Great Depression. In fact, it most closely models the recession of 37-38, which was only recovered from by WWII.

Usually, the deeper the trough, the bigger the bounce. This one seems to have a lead weight tied to it.
 
http://www.washingtonpost.com/busin...e5ce28-090c-11e3-9941-6711ed662e71_story.html

We should ask why our recovery from this recession is so different. This recession should have been like the deep and painful one in 1981-82, which then had a remarkable recovery. Instead, this one has been the worst since the Great Depression. In fact, it most closely models the recession of 37-38, which was only recovered from by WWII.

Usually, the deeper the trough, the bigger the bounce. This one seems to have a lead weight tied to it.

A lead weight with Obstructionism carved in it?
 
A lead weight with Obstructionism carved in it?

Is it your contention that if only this Administration was allowed to proceed unfettered, we would have had a shockingly sharp recovery? The years 2008-2010 would disagree with you.
 
d's and r's both are selling this nations middle class into debt slavery. obama is just the current guy, then will be the next, and the next.

and as far as welfare and assistance are concerned, its the only thing stopping a full on french style revolution. when the masses start starving to death is when shit is gonna get real
 
d's and r's both are selling this nations middle class into debt slavery. obama is just the current guy, then will be the next, and the next.

and as far as welfare and assistance are concerned, its the only thing stopping a full on french style revolution. when the masses start starving to death is when shit is gonna get real

Everyone can move to the suburbs around D.C. That's where a lot of the money ends up.
 
d's and r's both are selling this nations middle class into debt slavery. obama is just the current guy, then will be the next, and the next.

While I think this is a fair statement to make my problem is that Obama had unlimited and unchecked authority when he came to office to get the debt & defeict under control as the dems had solid majorities in both houses and the GOP had no cloture. With a golden opportunity he did the worst job of any President in US history during those first 2 years.
 
Is it your contention that if only this Administration was allowed to proceed unfettered, we would have had a shockingly sharp recovery? The years 2008-2010 would disagree with you.

It's my contention that 2007-2010 was global and we weren't going to magically recover until everything hit bottom. But the ramp back up has been actively obstructed by republicans by their own proud admission. I'd it your contention that they are not obstructing policy?
 
While I think this is a fair statement to make my problem is that Obama had unlimited and unchecked authority when he came to office to get the debt & defeict under control as the dems had solid majorities in both houses and the GOP had no cloture. With a golden opportunity he did the worst job of any President in US history during those first 2 years.

if only mccain or romney would have won, everything would be amazing
 
I'm looking forward to the global crisis Obama will cause that democrats can blame on the next president.
 
This country is not in the best economic situation and I don't see a problem with putting that on the president . . . shouldn't the buck stop with him.

Having said that, i feel this country has done a lot of good things in the past 10-15 years yet I can't remember a single thread saying good things about the president.

Basically this board is about finding bad news or propaganda, posting it and dissing the president . . . whoever that may be.
 
...

Like the gas thing...the ONLY reason gas had gone down was because the government (etc) had actually done something to make it appear that they were going to go after the oil companies and the oil companies flinched...for a short while.

Then once they realized the government was bluffing, prices rose again. It had nothing to do with who was in office, and it has nothing to do with who is currently in office.



From Democrats.com

Gas Too High?

Impeach-Bush-Cheney.com

Sign the Petition!

Gas prices averaged $1.15 under Bill Clinton -prices have more than doubled under Bush-Cheney - to $2.65 and climbing.

Bush's energy plan will raise gas prices more!

Bush lied about cheap oil from Iraq - and now he's planning Oil War 2 against Iran!

Bush-Cheney love high gas prices because they and their friends are oil millionaires!

...

http://www.democrats.com/gas

I don't disagree with what you are saying, but when Bush was in office, gas prices were his fault. Now, nobody better dare to say that about the current president.

Go Blazers
 
From Democrats.com



http://www.democrats.com/gas

I don't disagree with what you are saying, but when Bush was in office, gas prices were his fault. Now, nobody better dare to say that about the current president.

Go Blazers

Who's afraid to say that about our current president? There is plenty of press and people who will say something bad about Obama any chance they get.
 

Users who are viewing this thread

Back
Top