Friday, August 24, 2012

Thanks Obama – Here Are 24 Stats That Show How Much You Have Royally Messed Up Our Economy


Thanks Obama – Here Are 24 Stats That Show How Much You Have Royally Messed Up Our Economy


Under Barack Obama, the U.S. economy has performed worse than it did under any other president since the end of the Great Depression.  After every other recession since World War II, the U.S. economy always regained what was lost and got even stronger before the next recession began.  During this “economic recovery”, we have not even come close to getting back to where we were in 2008.  In fact, the number of Americans living in poverty and the number of Americans that are dependent on the government both continue to explode even as Barack Obama runs up trillions of dollars of new debt.  Anyone that believes that Barack Obama is going to “fix the economy” if he is given another four years in the White House has taken way too many sips of the Obama kool-aid.  The truth is that Barack Obama is not going to save you.  Barack Obama has royally messed up our economy (along with a lot of other things) and that is not something we should be thanking him for.
Yes, Barack Obama is not solely responsible for the economy.  In fact, he does not even have the most influence over the direction of the economy.
However, if he had been willing or able to actually do what was necessary to fix the economy, he certainly had ample opportunity.
For example, the Democrats had full control of Congress during Obama’s first two years in office.
They were in a position to push through just about anything that they wanted to.
But just about everything that did get through Congress during those two years was full of really, really bad ideas.
More importantly, Barack Obama has done absolutely nothing to stand in the way of the nightmarish policies of the Federal Reserve.
Yes, the Federal Reserve does have more power over the U.S. economy than Barack Obama does.
But Barack Obama has made no moves to reign in the Fed or to stop their idiotic policies.
In fact, Obama has had nothing but good things to say about Federal Reserve Chairman Ben Bernanke, and he nominated Bernanke for another term.
Talk about stupid.
If you were the owner of a pro football team and your coach had lost every game for several years in a row would you give him a new contract?
Of course not.
But even though Federal Reserve Chairman Ben Bernanke has a track record of failure that would make the Washington Generals blush, Obama has given Bernanke his unquestioning support.
Obama insists that it would be a really bad idea to ever question the “independence” of the Fed.  Obama believes that it is a good thing that U.S. monetary policy is determined by a panel of “experts” that work for a secretive organization that has no direct accountability to the American people whatsoever.
Yet their decisions have a huge impact on all our lives every single day.
So since Barack Obama has steadfastly refused to stand up to the Federal Reserve and has had nothing but wonderful things to say about Federal Reserve Chairman Ben Bernanke, it is fair to hold Obama at least partially responsible for the nightmarish economic conditions that Fed policies have helped create.
In the final analysis, basically every single decision that Barack Obama has made regarding the economy has been wrong.  He has added trillions to our debt while flushing our economic future down the toilet at the same time.
Thanks Obama – you really have been awful.
The following are 24 stats that show just how much Obama has royally messed up our economy….
#1 Under Bill Clinton, the average unemployment rate was 5.2 percent.  Under George W. Bush, the average unemployment rate was 5.3 percent.  Under Barack Obama, things have been much worse. The month after he took office the unemployment rate rose above 8 percent and it has stayed there ever since.
#2 Under Barack Obama, the velocity of money (a very important indicator of economic health) has plunged to a post-World War II low.
#3 Real median household income has decreased by more than 4000 dollars since Barack Obama entered the White House.
#4 The United States has plenty of oil and we should not have to import it from the Middle East.  Unfortunately, Barack Obama has an absolutely nightmarish energy policy.  Under Bill Clinton, the number of drilling permits approved rose by 58 percent.  Under George W. Bush, the number of drilling permits approved rose by 116 percent.  Under Barack Obama, the number of drilling permits approved decreased by 36 percent.
#5 When Barack Obama took office, the average price of a gallon of gasoline was $1.85.  Today, the average price of a gallon of gasoline is $3.71.
#6 Under Barack Obama, the United States has lost more than 300,000 education jobs.
#7 Since Barack Obama became president, the number of long-term unemployed Americans has risen from 2.7 million to 5.2 million.
#8 For the first time in the post-World War II era, the employment-population ratio has not bounced back after a recession.  The percentage of working age Americans with a job has been below 59 percent for 35 months in a row.
#9 While Barack Obama has been president, U.S. home values have fallen by another 12 percent.
#10 More than three times as many new homes were sold in the United States in 2005 as will be sold in 2012.
#11 Electricity bills in the United States have risen faster than the overall rate of inflation for five years in a row.  Thanks Obama.
#12 When Barack Obama first entered the White House, an ounce of gold was going for about $850.  Today, the price of gold is over $1630 an ounce.
#13 Since 2008, our economy has lost 1.3 million jobs while at the same time 3.6 million more Americans have been added to Social Security’s disability insurance program.
#14 The number of Americans on food stamps has grown from 31.9 million when Barack Obama took office to 46.4 milliontoday.  How much more “hope and change” are we going to be able to endure?
#15 As I wrote about the other day, it is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.
#16 If you can believe it (and this really is hard to believe), more than half of all Americans are now at least partially financially dependent on the government.
#17 The total amount of money that the federal government gives directly to the American people has grown by 32 percentsince Barack Obama became president.
#18 Under Barack Obama, federal spending as a percentage of GDP (25 percent) is the highest that it has been since World War II.
#19 The Obama administration has been spending money on some of the most insane things imaginable.  For example, in 2011 the Obama administration spent $592,527 on a study that sought to figure out once and for all why chimpanzees throw poop.
#20 The U.S. government has run a budget deficit of well over a trillion dollars every single year under Barack Obama.
#21 Under Barack Obama, U.S. debt was downgraded from AAA status for the first time ever.
#22 Since Barack Obama took office, the U.S. national debt has increased by 50 percent.
#23 Since Barack Obama became president, the U.S. national debt has increased by an average of more than $64,000 per taxpayer.
#24 During the Obama administration, the U.S. national debt has grown more than it did from the time that George Washington became president to the beginning of Bill Clinton’s second term as president.

6 comments:

Anonymous said...

And the cabal behind Romney so poverty and war can continue there are no rules anymore force at will.

Anonymous said...

...and what do the sheeple say???? baa.. baa.. baaaaaaa

Anonymous said...

Thank you Obama.
If you hadn't messed up the economy, as they say, people would still be looking to the Fed as the solution to all things.

Some are still spending their money...the paper bills, though but they are blaming you for the mess that paper is causing.

You won't tell them they have alternatives, to get off the cough, put down the beer and pad their pockets with 'CHANGE' they can believe in and they'd get their country back from the bankers.

No...you won't tell them that, because they won't hear you.

They are too busy listening to and reading posts from people paid by the bankers they claim to hate, and want to make sure you aren't elected.

Let me tell you Obama, the public is uneducated. They don't understand parables or metaphors, or symbolism to give them clues on what to do.

If the message is not one repeated over and over in MSM or on some blog by a blogger hired by 'them', they don't hear a thing, and they stand beside anyone that tells someone to 'shut up'.

Why would you want to shut someone up? Maybe they are saying something they don't want to be heard or known.

No Obama, the public don't want to know that...they want what's popular, and right now it's popular to think you are the problem and not the solution.

Forgive them, but they will live in the reality they are creating for their self and have been all along.

Anonymous said...

Outright lies and untruths - for anyone who looks at the facts this rhetoric is all but biased disinfo just because Obama looks diffferent.

FIrst and foremost, the Federal growth in spending is the LOWEST it has been in decades - check the numbers.

As well, The trillions of dollars SURPLUS that Clinton left, PLUS $11 Trillion dollars were SPENT by Bush for his UNFUNDED "WArs on Terror" - based on LIES and deception of the "Weapons of MAss Destruction" to raid oil rich Iraq. On top of that He detroyed our life & liberty with the LIes around 911.

The Trillions of dollrs overspent on this war, underpsent on the services our country needed, is being reighned in by the current goverment.

Yes, not ALL promises have been kept because of the magnitude of the problems faced and the obstructions encoutered by the fascist right wing obstructionists who are cabal funded and hell bent on ruiinng our country.

But the Economy is stronger, our FOCUS is not on cabal wars but on our infrastructure, edication, and clean energy, the increases in spending is the lowest it has been, and the momentum is in the right direction.

Given the shithole that the Bush Cheney left us in in EVERY way, AND the OBSTRUCTION by the right wing, it is a SHAME anyone with an IOTA of intellect or honesty can still be harping it all on Obama.

Where were you the during the last regime ?

Anonymous said...

I dont care what he LOOKS like. Always the race card, how lame!! If he was purple, I would still want his butt out especially when he is distroying America right in front of our eyes. Wake up fools, just wait till when they come for you to forceably put a rfid device in your hand or forhead, then you will say, "OH MY GOD WHAT HAVE WE DONE!", but it will be too late. Ever heard of the mark of the BEAST?.............................YOU KNOW THE REST!

Anonymous said...

Hello! What are you smoking? Or, maybe it's what you are drinking. You know, like Kool Aid. Are you totally oblivious to all the unconstitutional Executive Orders the man has signed, taking away our freedoms one after another! Get educated instead of "thinking" with your obviously biased grey matter. Ammo by the millions of rounds??? For military? Duh! Millions of pounds of food on order? What's that for: a Thanksgiving gift for Congress? FEMA camps for "immigrants" that are invited to come openly, freely without detainment? The NDAA? You are a total ignoramus and then some. WAKE UP!