Monday, January 16, 2012

Dismal Obama Economic Record: Figures Tell All

When it comes to President Obama's economic record, the figures tell a dismal story. The President promised to "help the middle class retain a sense of economic security that will benefit the entire economy." He did just the opposite.
Here are the details of Obamanomic's abject failure:
  • Unemployment: The number of people unemployed has grown by over one million. 
  • Long-term Unemployment: The average duration of unemployment has more than doubled, to an astonishing 40.8 weeks.
  • Jobs: Nearly 1.7 million jobs have been lost.
  • Income: Median household income has declined by nearly $1,000.
  • Poverty: The number of people in poverty has grown by over six million.
  • Hunger: Food stamp participation has increased by more than 14 million people, to a devastating 46.2 million.
  • Health Care: Average family health insurance premiums have increased by more than $1,500.
  • Energy: Gas prices have nearly doubled, to $3.38 per gallon.
  • Housing: Foreclosures have spiked to a record one-million-plus annually.
  • Debt: Each family’s share of the publicly-held national debt has skyrocketed by more than $35,000, to nearly $90,000.
By any viable measure, this record demands rejection.

1 comment:

Liberalmann said...

Liar. Obama created 3.2 million jobs and each quarter the economy has grown
Get some facts:

http://www.washingtonpost.com/rf/image_606w/2010-2019/WashingtonPost/2011/07/25/Blogs/ezra-klein/StandingArt/debt%20changes%20under%20bush%20obama.jpg?uuid=qZCizrbZEeCYzBMQCYwsyQ

http://articles.businessinsider.com/2011-07-19/markets/30079944_1_private-sector-public-sector-job-growth

http://articles.businessinsider.com/2011-12-07/politics/30485008_1_unemployment-rate-obama-election-day