• Share
  • Email
  • Embed
  • Like
  • Save
  • Private Content
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

on

  • 560 views

Under Barack Obama, the U.S. 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.

Statistics

Views

Total Views
560
Views on SlideShare
560
Embed Views
0

Actions

Likes
1
Downloads
1
Comments
0

0 Embeds 0

No embeds

Accessibility

Categories

Upload Details

Uploaded via as Adobe PDF

Usage Rights

CC Attribution-NonCommercial LicenseCC Attribution-NonCommercial License

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    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 Document Transcript

    • Thanks Obama Here Are 24 Stats That ShowHow Much You Have Royally Messed Up OurEconomyMichael SnyderThe American DreamAugust 22, 2012Under Barack Obama, the U.S. economyhas performed worse than it did underany other president since the end of theGreat Depression. After every otherrecession since World War II, the U.S.economy always regained what was lostand got even stronger before the nextrecession began.During this “economic recovery”, wehave not even come close to gettingback to where we were in 2008. Infact, the number of Americans livingin poverty and the number ofAmericans that are dependent on thegovernment both continue to explodeeven as Barack Obama runs uptrillions of dollars of new debt.Anyone that believes that BarackObama is going to “fix the economy”if he is given another four years in theWhite House has taken way too many sips of the Obama kool-aid. The truth is that BarackObama is not going to save you. Barack Obama has royally messed up our economy (along witha 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 mostinfluence over the direction of the economy.However, if he had been willing or able to actually do what was necessary to fix the economy, hecertainly 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, reallybad ideas.More importantly, Barack Obama has done absolutely nothing to stand in the way of thenightmarish 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 wouldmake 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 peoplewhatsoever.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 nothingbut wonderful things to say about Federal Reserve Chairman Ben Bernanke, it is fair to hold Obama atleast 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 theeconomy has been wrong. He has added trillions to our debt while flushing our economic future downthe 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, thenumber of drilling permits approved rose by 58 percent. Under George W. Bush, the number of drillingpermits approved rose by 116 percent. Under Barack Obama, the number of drilling permitsapproved decreased by 36 percent.#5 When Barack Obama took office, the average price of a gallon of gasoline was $1.85. Today, theaverage 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 hasrisen 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 bouncedback after a recession. The percentage of working age Americans with a job has been below 59percent 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 in2012.#11 Electricity bills in the United States have risen faster than the overall rate of inflation for five yearsin 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 moreAmericans 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 tookoffice 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 thisreally is hard to believe), more thanhalf of all Americans are now at leastpartially financially dependent on thegovernment.#17 The total amount of money thatthe federal government gives directlyto the American people has grown by32 percentsince Barack Obama becamepresident.#18 Under Barack Obama, federalspending as a percentage of GDP (25percent) is the highest that it has beensince World War II.#19 The Obama administration hasbeen spending money on some of themost insane things imaginable. Forexample, in 2011 the Obama administration spent $592,527 on a study that sought to figure out onceand 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 underBarack 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 morethan $64,000 per taxpayer.#24 During the Obama administration, the U.S. national debt has grown more than it did from the timethat George Washington became president to the beginning of Bill Clinton’s second term as president.The Obama Deception The Truth About Barry Soetoro AKA Barack Obama video belowhttp://www.youtube.com/watch?v=eAaQNACwaLwFall of the Republic The Destruction of America video belowhttp://www.youtube.com/watch?v=VebOTc-7shUhttp://www.infowars.com/