Numbers don't lie: The real Obamanomics~Can We Survive Another 4 Years?

Numbers don't lie: The real Obamanomics

Twenty years ago, when Democrats tried to oust an incumbent Republican president from office, they questioned his economic stewardship. Vice presidential candidate Al Gore famously bellowed: “Everything that ought to be down is up, and everything that should be up is down!”

The argument seems more relevant today than it was in late 1992.

Republicans are trying to fire an incumbent Democrat president amid the worst economic recovery since the Depression. And the economic news is not getting better for Barack Obama as the race heads into the final lap.



Under Obamanomics everything that should be up is down, and everything that should be down is up!

Here’s a breakdown:

When Obama entered office in January 2009, total nonfarm payroll employment stood at 133.56 million, according to the Labor Department. Last month it totaled 133.30 million – a net decrease of more than 260,000 jobs. Considering the recession ended more than three years ago, any employment shortfall is unusual; but economists call the Obama jobs gap downright shocking.

In 2009, real median household income was $52,195, according to the Census Bureau’s annual survey. Last year it dropped to $50,054 – the lowest level since 1989. When it comes to pay raises, those Americans who are working aren’t just running in place, they’re going backwards – by decades.

When Obama stepped into the Oval Office in January 2009, consumer confidence was 61.2 percent. In August, the index stood at 60.6 percent. At this point in a recovery, economists say confidence should be soaring. But consumers remain unusually glum about the economic outlook.

In January 2009, the jobless rate was 7.8 percent. Last month, unemployment stood at an even higher 8.1 percent, marking the 43rd consecutive month above 8 percent – the longest stretch since the Depression.

Last month the deficit increased $191 billion to $1.16 trillion – topping
$1 trillion for the fourth straight year. At 10 percent of the economy, it’s the highest level of red ink since WWII.

There are 12 million more Americans on food stamps since Obama’s recovery started.

3 in 10 young adults can’t find jobs and are living with their parents – the highest level since the 1950s, according to Pew Research Center.

More than 1 million workers have joined Social Security’s disability rolls over the last three years.

Read more here:

[link to www.wnd.com]

Last Edited by KoFFee_ on 09/24/2012 11:03 AM