‘Has the economy improved since Barack Obama
became the president of the
The following are 18 statistics that
prove that the economy has not improved since Barack Obama became the president
#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
#4 When Barack Obama
first took office, the number of "long-term unemployed workers" in
#5 The average
duration of unemployment in the
#6 During the Obama administration, worker health insurance costs have risen by 23 percent.
#7 Since Barack Obama has been president, the average price of a gallon of gasoline in the
#8 Since Barack Obama has been president,
home values in the
#9 Under Barack Obama, new home sales in the
#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
#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
#16 During Barack Obama's first two years in
#17 During the Obama administration, the
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?
Congress certainly seems to think that things will be getting better. Congress has reduced the maximum amount of time that the unemployed can receive unemployment benefits to 73 weeks. That change will go into effect later this year.
But there are still millions of very talented Americans that cannot find work after years of looking.
So what are they supposed to do?
A recent Business Insider article
featured the story of Helen Hatat, a woman from
lost her job in public relationships in 2009 after more than 20 years of
working in the entertainment industry, the
"When you don't have a job, you don't find a job, and when you don't have a job, you don't find a home," she said.
At first she tried moving into a homeless shelter, but left because they treated her "like garbage." Eventually she found a friend she could stay with, but this arrangement won't last forever.
"I've found you lose most of your friends, you know. If you have money people love you. If you don't have any money people hate you. They treat you like you are contagious."
As government finances get tight, things are going to get really tough for women like her.
When evaluating the health of the American economy, the key is not to focus on the short-term economic numbers. Sometimes they go up and sometimes they do down.
Instead, the key is to look at the long-term balance sheet numbers. When you do that, it quickly becomes apparent how appalling our economic decline has been.
The size of federal government debt is exploding, state and local governments all over the country are drowning in debt, our collective national wealth is decreasing and our ability to produce new wealth is also being reduced as our economic infrastructure is systematically gutted.
Of course all of the blame should not go to Obama. The truth is that the Federal Reserve has much more power over the economy than Obama does. But the American people are constantly told that the Federal Reserve is "not political" and that we should not criticize the Fed.
So it is kind of ridiculous that presidents are judged by the performance of the economy. Yes, Bush, Clinton, Bush and Obama have all greatly contributed to the mess that we are in, but they are not solely responsible for it.
In the end, however, the outcome of
the next presidential election will probably be very heavily influenced by how
Sadly, as our economy declines it is bringing out the worst in many Americans. For example, "sugar daddy" websites are absolutely exploding in popularity. Young women that are hungry for cash are selling their "services" to sick older men who are willing to finance the lifestyles of these desperate young women in exchange for "companionship".
The following comes from a recent article in The Independent....
As the economy gets even worse, millions upon millions of Americans are going to become extremely desperate and will do things for money that they never dreamed that they would do.
That is a very frightening thing.
You better get ready for what is ahead, because Barack Obama is not going to save you.’