Are You Better Off Today? Here are the True Facts & Figures From the Obama Economy

This week both Barack Obama and Michelle Obama told supporters the US economy is now better off “by almost every economic measure.”

At the annual Black Caucus dinner last weekend Barack Obama said the economy is better off by every economic measure.
“There’s almost no economic measure that we are not better off than when I took office.”

Here’s the truth—-

** Real unemployment is at 23{c18972fae7bad54fccba2a5109f73c6e4ffe73508739d7249e14c4c49d351322}
John Ransom at Townhall reported:
The BLS reported that job creation came in at 248,000. Another 315,000 people left the labor force last month. When one accounts for part-time work, discouraged workers and those who have dropped out of the labor force entirely, unemployment is closer to 23 percent, with no great sign of retreat from that number.

** Labor Participation Rate is at 62.7{c18972fae7bad54fccba2a5109f73c6e4ffe73508739d7249e14c4c49d351322} – a 36 year low.
Zero Hedge reported a record 92.6 Million Americans are not in labor force.
participation rate sept 2014_0
(Zero Hedge)

** The US labor participation rate has fallen behind Great Britain for the first time in 36 years thanks to Obama’s failed big government policies.

** The number of long-term unemployed Americans has more than doubled since 2007, from 18.4{c18972fae7bad54fccba2a5109f73c6e4ffe73508739d7249e14c4c49d351322} to 39.3{c18972fae7bad54fccba2a5109f73c6e4ffe73508739d7249e14c4c49d351322}.

** 11.4 Million Americans have left the US workforce since Barack Obama took office.

The workforce participation rate is at its lowest level since the Carter years.

AMERICANS ARE GETTING POORER – HOUSEHOLD NET WORTH IN DECLINE

** Under Barack Obama American households are worth two-thirds of what they were worth under George W. Bush.
obama economic record
The median household net worth under Obama is one-third what it was during the Bush years.

** Under Obama – One-Fifth of Middle Class Falls into Poverty
Barack Obama’s war on the middle class.
Gas prices up – Incomes down

(RSG)

** The number of Americans who consider themselves middle class has fallen by nearly a fifth over the past five years.

260,000 College Graduates in Minimum Wage Jobs
The number of minimum wage workers with college degrees is still more than double what it was during the Bush years.
260,000 graduates in minimum wage jobs
If you thought paying tens of thousands of dollars for a college education guaranteed a high-paying job, think again.

** Today more Americans on food stamps than the population of Spain.
spain pic

** Today more Americans live in poverty than the population of Argentina.
ebt cards
(NPR)

** Today 11 million Americans are on disability under Obama. That’s more people than the population of New York City.

The number of Americans on disability now exceeds the number of people in New York City. More than 5.4 million workers and their dependents have signed up to collect federal disability checks since President Obama took office.

** Inflation has increased 43{c18972fae7bad54fccba2a5109f73c6e4ffe73508739d7249e14c4c49d351322} more under Barack Obama than George W. Bush.

** Here are some more fun facts on the Obama economy from earlier this year:

$17.3 Trillion:

The Current National Debt After Five Years Of State Of The Union Promises To Tackle The Problem. (U.S. Treasury Department, Accessed 1/24/14)

$6.6 Trillion:

Added To The National Debt Despite Obama’s Declaration In His 2009 Address To Congress That He Didn’t Want To Leave “A Mountain Of Debt.” (U.S. Treasury Department, Accessed 1/24/14; President Barack Obama, Remarks by The President In State Of The Union Address , Washington, D.C., 1/27/10)

$4 Trillion:

The Amount Of Debt That Obama Once Called “Irresponsible” And “Unpatriotic.” (Sen. Barack Obama, Remarks At A Campaign Event, Fargo, ND, 7/3/08)

$1.8 Trillion:

Cost Of ObamaCare’s Coverage Provisions From 2014 To 2023. (CBO, 7/30/13)

$1 Trillion:

The Total Student Debt Held By Americans. (Josh Mitchell, “Student-Loan Debt Slows Recovery,” The Wall Street Journal’s Real Time Economics, 12/30/13)

$819.3 Billion:

Total Taxes In ObamaCare. (CBO, 3/12;JCT, 6/15/12; CBO, 5/14/13; CBO, 7/30/13)

$494 Billion:

Amount Of Regulatory Burden Since Obama Took Office. (American Action Forum, 1/8/14)

$174 Billion:

Federal Budget Deficit For The First Three Months Of FY2014. (U.S. Treasury Department, Accessed 1/17/14)

$32.6 Billion:

The Increased Cost To Pay Interest On U.S. Debt Since 2009. (U.S. Treasury Department, Accessed 1/17/14)

47. 6 Million:

Americans Receiving Food Stamps In 2013. (Department Of Agriculture, Accessed 1/24/14)

46.5 Million:

Americans Living In Poverty – A Record Number – Despite Obama Calling Income Inequality “The Defining Issue Of Our Time” In His 2012 State Of the Union Address. (U.S. Census Bureau, Accessed 1/24/13)

19.4 Million:

The Number Of Americans That Have Joined The Food Stamp Program Since Obama Took Office. (Department Of Agriculture, 1/24/14)

10.4 Million:

The Number Of People Unemployed At The End Of Obama’s Fifth Year As President. (BLS, 1/24/14)

7.8 Million:

The Number Of People Working Part-Time That Would Like To Work Full-Time. (BLS, 1/24/14)

6.7 Million:

The Number Of People That Have Entered Poverty Since 2008. (U.S. Census Bureau, Accessed 1/24/14)

Don’t expect the liberal media to point out any of these facts.

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