Barack Obama in bold and brazen fashion is claiming the US economy has improved since his inauguration. I hate to foil his fantasy, but the president needs to stop day dreaming.
Despite what the lamestream media is telling us, the unemployment crisis is far worse now than it was when Obama took office.
Home values have plummeted, health insurance premiums have increased, gas has gone through the roof, the number of Americans living in poverty is exponentially increasing and the national debt has increased by a whopping four and half trillion dollars.
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 to 46 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 of more than 4 billion dollars per day since the beginning of the Obama administration.
When evaluating the health of the American economy, short-term economic numbers don’t tell the whole story. 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.
Obama is not the only one to blame. 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.
Bush, Clinton, Bush and Obama have all greatly contributed to the mess that we are in, but they are not solely responsible for it.
Nevertheless, the outcome of the presidential election in November will be heavily influenced by how the U.S. economy performs during the rest of 2012.
Until next time… Wake Up America!