Folks, I hate to pour water on the Obamadonk here, because he deserves to be trashed. Fact is, and a lot of us don’t want to admit it, but Senior Buuuush increased jobs by only 0.83% during his two terms. Traditionally up through 2001, it would have been around 15.5% for two terms.
We’ve seen no real growth since 2001. We are 40 million under employed in the nation right now. We are running a 22.8% unemployment. We have another 25% or so who are underemployed, making nowhere what they used to.
Lets hear it for Free Trade. Anyone for three cheers?
#23 In 2008, that total amount of student loan debt in this country was 440 billion dollars. At this point, it has shot up to about a trillion dollars.
#24 According to one recent survey, 76 percent of all Americans are living paycheck to paycheck.
#25 During Obama's first term, the number of Americans collecting federal disability insurance rose
by more than 18 percent.
#26 The total amount of money that the federal government gives directly to the American people has grown by 32 percent since Barack Obama became president.
#27 According to the Survey of Income and Program Participation conducted by the U.S. Census, well over 100 million Americans are enrolled in at least one welfare program run by the federal government.
#28 As I wrote about the other day, American households are now receiving more money directly from the federal government than they are paying to the government in taxes.
#29 Under Barack Obama, the velocity of money (a very important indicator of economic health) has plunged to a post-World War II low.
#30 At the end of 2008, the Federal Reserve held $475.9 billion worth of U.S. Treasury bonds. Today, Fed holdings of U.S. Treasury bonds have skyrocketed past the 2 trillion dollar mark.
#31 When Barack Obama was first elected, the U.S. debt to GDP ratio was under 70 percent. Today, it is up to 101 percent.
#32 During Obama's first term, the federal government accumulated more new debt than it did under the first 42 U.S presidents combined.
#33 When you break it down, the amount of new debt accumulated by the U.S. government during Obama's first term comes to approximately $50,521 for every single household in the United States. Are you able to pay your share?
Okay, if you counted, above are the last eleven points. # 23 just belonged.
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BTW - I've seen posts on DU(I) that blame REAGAN for a lot of our current economic problems.
Placemark
And the enemedia continues to put lipstick on the pig .... the economy & Obysmal.
bflr
bkmk