As the pols grapple with the abhorrent idea of actually having to spend less of the people's money, the president continues to champion his agenda of unlimited spending while trying to add the knockout punch - higher taxes - to an economy already on the ropes. To see where we might be headed if he gets re-elected, it might be a good idea to see where he's taken us so far. Simply put, the plain numbers and facts tell us more than the flowery, teleprompter-aided speeches coupled with the excuses and cover-ups provided by his willing accomplices in the mainstream media.
To summarize, Investors.com compiled the following list of indicators that have gotten worse during the Obama era:
As if that's not enough, more details regarding the economic failures of Barack Hussein Obama and his liberal allies in congress:
Barack Obama: A record of futility and failure!
By The Numbers:
· 3.6: Percent Decrease In Home Prices Over The Last Year (MarketWatch, 5/31/11)
· 9.1%: Unemployment Rate. (Bureau of Labor Statistics, 6/16/11)
· 28: Record Number Straight Months With Unemployment Rate Above 8 Percent. (Bureau of Labor Statistics, Accessed 6/1/11)
· 39.7: Average Weeks That It Takes To Find A Job. (Bureau of Labor Statistics, 6/16/11)
· $46,000: Your Share Of The National Debt. (U.S. Treasury Department Accessed 6/1/11; U.S. Census Bureau, Accessed 6/1/11)
· 2020: Year That Medicare’s Trust Fund Will Be Exhausted. (CBO, March 18, 2011)
By the Millions:
· 2.5 Million Jobs Lost Since Obama Took Office. (Bureau of Labor Statistics, Accessed 6/16/11)
· 6.5 Million: Number Of Properties Receiving Foreclosure Filings Since Obama Took Office. (RealtyTrac, Accessed 6/1/11)
· 13.9 Million: Unemployed Americans. (Bureau of Labor Statistics, 6/16/11)
· 44.6 Million: Number Of Americans Receiving Food Stamps. (The Wall Street Journal, 5/31/11)
· $575 Billion: Amount Of Medicare Cuts In ObamaCare. (CMS Chief Actuary Richard S. Foster, Memo, 4/22/10)
By the Billions:
· $569.2 Billion: Amount Of Taxes In ObamaCare. (Letter to Speaker Nancy Pelosi, 3/18/10)
· $830 Billion: Price Tag Of Obama’s Failed Stimulus. (CBO, 5/25/11)
By the Trillions:
· $3.7 Trillion: Amount Added To The National Debt Since Obama Took Office. (U.S. Treasury Department, Accessed 6/1/11)
· $1.14 Trillion: American Debt Held By China. (U.S. Treasury Department, Accessed 6/1/11)
· $1.65 Trillion: Projected Federal Deficit For FY2011 – Will Be The Largest In U.S. History. (OMB, 2/14/11)
· $14.3 Trillion: Current National Debt. (U.S. Treasury Department, Accessed 06/1/11)
SOURCE: The Political Commentator: Barack Obama and a documented record of presidential futility and failure! (Video)
This is what happens when a gullible American public blindly follows the lead of the MSM and votes for "Hope & Change" instead of seriously examining the record (or lack thereof) of the most inexperienced and unqualified candidate ever offered by one of the two major parties of American politics. Couple that with his radically liberal agenda supported by a liberal Democrat majority in both houses of congress for his first two years, and we begin to see why the above numbers got where they are today. The United States economy simply cannot survive another four years under the stewardship of a state senator from IL masquerading as its President. If this were any other president, he would be forced out like LBJ was due to being totally unelectable. Instead, the MSM continues to cover for him in spite of the damage he inflicts on the country. When election time draws closer and the public starts to evaluate to his record in office, they will likely realize they've been living under the worst president in the country's history.
To summarize, Investors.com compiled the following list of indicators that have gotten worse during the Obama era:
- There are 2 million fewer private-sector jobs now than when Obama was sworn in, and the unemployment rate is 1.5 percentage points higher.
- There are now more long-term unemployed than at any time since the government started keeping records.
- The U.S. dollar is more than 12% weaker.
- The number of Americans on food stamps has climbed 37%.
- The Misery Index (unemployment plus inflation) is up 62%.
- And the national debt is about 40% higher than it was in January 2009.
As if that's not enough, more details regarding the economic failures of Barack Hussein Obama and his liberal allies in congress:
Barack Obama: A record of futility and failure!
By The Numbers:
· 3.6: Percent Decrease In Home Prices Over The Last Year (MarketWatch, 5/31/11)
· 9.1%: Unemployment Rate. (Bureau of Labor Statistics, 6/16/11)
· 28: Record Number Straight Months With Unemployment Rate Above 8 Percent. (Bureau of Labor Statistics, Accessed 6/1/11)
· 39.7: Average Weeks That It Takes To Find A Job. (Bureau of Labor Statistics, 6/16/11)
· $46,000: Your Share Of The National Debt. (U.S. Treasury Department Accessed 6/1/11; U.S. Census Bureau, Accessed 6/1/11)
· 2020: Year That Medicare’s Trust Fund Will Be Exhausted. (CBO, March 18, 2011)
By the Millions:
· 2.5 Million Jobs Lost Since Obama Took Office. (Bureau of Labor Statistics, Accessed 6/16/11)
· 6.5 Million: Number Of Properties Receiving Foreclosure Filings Since Obama Took Office. (RealtyTrac, Accessed 6/1/11)
· 13.9 Million: Unemployed Americans. (Bureau of Labor Statistics, 6/16/11)
· 44.6 Million: Number Of Americans Receiving Food Stamps. (The Wall Street Journal, 5/31/11)
· $575 Billion: Amount Of Medicare Cuts In ObamaCare. (CMS Chief Actuary Richard S. Foster, Memo, 4/22/10)
By the Billions:
· $569.2 Billion: Amount Of Taxes In ObamaCare. (Letter to Speaker Nancy Pelosi, 3/18/10)
· $830 Billion: Price Tag Of Obama’s Failed Stimulus. (CBO, 5/25/11)
By the Trillions:
· $3.7 Trillion: Amount Added To The National Debt Since Obama Took Office. (U.S. Treasury Department, Accessed 6/1/11)
· $1.14 Trillion: American Debt Held By China. (U.S. Treasury Department, Accessed 6/1/11)
· $1.65 Trillion: Projected Federal Deficit For FY2011 – Will Be The Largest In U.S. History. (OMB, 2/14/11)
· $14.3 Trillion: Current National Debt. (U.S. Treasury Department, Accessed 06/1/11)
SOURCE: The Political Commentator: Barack Obama and a documented record of presidential futility and failure! (Video)
This is what happens when a gullible American public blindly follows the lead of the MSM and votes for "Hope & Change" instead of seriously examining the record (or lack thereof) of the most inexperienced and unqualified candidate ever offered by one of the two major parties of American politics. Couple that with his radically liberal agenda supported by a liberal Democrat majority in both houses of congress for his first two years, and we begin to see why the above numbers got where they are today. The United States economy simply cannot survive another four years under the stewardship of a state senator from IL masquerading as its President. If this were any other president, he would be forced out like LBJ was due to being totally unelectable. Instead, the MSM continues to cover for him in spite of the damage he inflicts on the country. When election time draws closer and the public starts to evaluate to his record in office, they will likely realize they've been living under the worst president in the country's history.
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