Barack Obama continues to proclaim “progress” has been made with regard to the economy!
Review the following statistics and tell me what YOU think!
- 43 straight months of over 8% unemployment
- Labor force participation is at a 31 year low of 63.5%
- 23 million unemployed and underemployed
- 1226 days (nearly 3.5 years!) since the Democrat controlled United States Senate passed a budget
- A paltry 96,000 jobs created last month (200,000 are needed just to stay even)
- 368,000 people gave up looking for jobs last month (THIS is why the unemployment rate went down! Chilling!!!)
- The National Debt is over 16 Trillion and has now increased more during President Obama’s three and one half years in office than it did during 8 years of the George W. Bush presidency
- 44.7 million Americans on food stamps (highest number in history)
- In 2009, the month Obama entered office, median household income was $54,983. As of June, 2012, it has spiraled down to $50,964.
- A gallon of gasoline cost $1.79 in January of 2009 … it is now $3.75
- Black unemployment has risen to 14.1% and the gap with whites has widened under Barack Obama after declining under George Bush!
- More people went on the government dole than found jobs. A record 5.4 million workers and their dependents have signed up to collect federal disability checks since President Obama took office. This is according to the latest official government data, as discouraged workers increasingly give up looking for jobs and take advantage of the federal program (scheduled to be bankrupt in 2018)
- U.S. Drops From 1st To 7th In Global Competitiveness Under Obama Administration.
- In the course of Obama’s presidency, people saying they are in the “lower classes” have risen from one-quarter to one-third of the adult population. According to the Pew Research Center, Americans who say they are in the lower-middle or lower-class has risen from 25 percent to 32 percent in the past four years, in the national survey of 2,508 adults.
This is Progress???
NOT IN MY BOOK!