22 Alarming Facts About Obama’s Economy
[TWG Note: Coming from a guy who’s ONLY private sector job EVER was a short stint slinging cream at the Hawaii Baskin Robbins, why is anyone surprised by obama’s dismal economic policies? He has absolutely NO qualifications for the office of POTUS.]
June 22, 2012 By Kevin “Coach” Collins
Our national debt has risen by more than $5 trillion during Obama’s administration, more than what it increased under all previous 43 presidents combined.
The number of Americans on food stamps has risen from 32 million to over 46.4 million in Obama’s three years in office.
At $3.59, the average price of gasoline is $ 1.74 MORE than it was the day Barack Obama was sworn in.
Twenty two percent of American children live in poverty, the highest level in 30 years.
For forty straight months (every single full month of Obama’s reign), unemployment has been 8%.
Forty two percent of American workers are living paycheck-to-paycheck.
Fifty three percent of college graduates under 25 are either unemployed or under-employed.
The Federal Reserve has monetized 61% of our national debt. This means that we are “selling” government bonds to other government agencies.
Eighty six percent of American workers aged 60 or older will continue working past their 65th birthday.
Ninety five percent of the jobs lost in Obama’s depression have been lost by middle-class workers.
To satisfy local, state, and federal taxes, the average working American has to put in 107 days- more than 21 weeks of work.
In Detroit, thanks to Democrat policies for the last fifty years, a three-bedroom home can be purchased for just $500.00 – which is actually a slight uptick over recent years.
Since Obama took office, he has destabilized the national economy to the point that the price of an ounce of gold has risen from $850.00 to over $1600.00.
Last month in Montgomery, Alabama, 20,000 people applied for 877 openings at a Hyundai plant.
In 2011, the average American household spent a staggering $4,155.00 on gasoline.
Currently, there are a record-breaking 88 million+ Americans of working age who are unemployed.
Student loans, NOT dischargeable in bankruptcy, now stand at over $1 trillion, KILLING the future of millions of our young people.
Compared to 1985, our 2011 trade deficit with China was more than 49,000 times larger.
To determine why cocaine makes the Japanese quail engage in risky sexual behavior, the Obama Administration spent $175,587.00 of our tax dollars.
The national debt could not be repaid in less than 440,000 years if we started immediately.
Our debt is growing at the rate of OVER $2 million each MINUTE!
In 2010, 2.6 million Americans fell into poverty. Since 1959, when this statistic was developed, no year saw a bigger increase.
SOURCE: Western Center For Journalism