Whatever the Obama administration would like you to believe (as he still blames Bush for the mess), the economy has gotten a LOT worse since the day he took office, not better. Or in the words of economist; Michel Dube, author of “The Dollar Freefall“: The economy is broken and by all reason must collapse.
Home values have plummeted 13%. The unemployment crisis has gotten worse – even going by the “official” figures, which are by no means accurate. The cost of food is up and the number of food stamp recipients has risen by 45%. The price of gas has skyrocketed 83%! The number of Americans living in poverty has risen by 6.4 million and our national debt has increased by over four and half TRILLION dollars! And at this point, there’s no amount of taxation or budget cuts that will ever get it paid. We don’t make anything here anymore except for debt and entertainment, so I don’t know what Obama was talking about when he said he was going to double our exports… Are we gonna make the world buy more video games and reality shows? Because they don’t want our debt anymore.
The economic crisis that we’re seeing unfold in Europe will explode into a world-wide financial disaster, which will have devastating effects on the United States. What’s Barack Obama going to do then? Socialists only know how to spend money… Your money. We never even recovered from the financial crash of 2008, and they call us kooks for storing food?!
If you’re still holding out hope that ol’ Barry’s gonna set things right, it’s time to WAKE UP!
The following are 18 statistics that prove that the economy has not improved since Barack Obama became the president of the United States from www.blacklistednews.com:
#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 numberis 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 risenby 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.
Oh, but Barack Obama is promising that things will be much better very soon. Barack Obama is pledging that 2 million more jobs will be added to the economy in 2012.
Do you believe him?