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Obamaconomy

18 Feb

Don’t Read This If You Are Depressed

It costs more to be an American in 2012 than it did in 2008 (and inflation isn’t to blame, it’s been remarkably low since 2008)…

The average inflation-adjusted income for households in the middle 20% is now lower than it’s been since 1995, the census report found. But, that’s not all…

Obama’s policies have been such failures that the median household income has declined more during the so-called recovery than during the recession itself.

Gas prices are up 96% under Obama…

The number of people added to food stamp rolls after four years under President Obama’s administration is 75 times higher than the net number of new jobs created.

During his time in office, 14.7 million people were added to the food stamp rolls. Over that same time, only 194,000 jobs were created — thus 75 people went on food stamps for every one that found a job.

As of April 2012, a record 5.4 million workers and their dependents have signed up to collect federal disability checks since President Obama took office. (E.g. We are creating an ever-growing pool of permanently dependent working-age Americans).

Since the recession ended in June 2009, the number of new enrollees to Social Security’s disability insurance program is twice the job growth figure.

In just the first four months of 2012, 539,000 joined the disability rolls and more than 725,000 put in applications. (In fact, more workers joined the federal government’s disability program in June than got new jobs).

Prices for health care-related goods and services, higher education and food have all jumped over the last four years, according to the Consumer Price Index.

Food costs have risen 8.5 percent in the last four years.

Home heating oil prices during Obama’s tenure: 62 percent increase.

Increase for residential propane prices: 24 percent increase.

Water, sewer and trash: 18 percent increase.

Real median household income: Down $4,300 since Obama took office and down $2,900 since the June 2009 start of the economic recovery

Obama, who attacked Bush’s policies for favoring the rich, has overseen a recovery in which the wealthiest 1 percent captured 93 percent of per-capita real income gains in 2010.

Adult African-Americans in poverty rose from 19.8 percent in 2007 to 23 percent in 2010.

The percentage of African-American children in poverty rose from 34.5 percent to 39.1 percent in 2010.

African-Americans’ formal Unemployment Rate jumped from 9 percent in June 2007 to 14.5 percent this August (2012).

The percentage of African-Americans in the workforce fell from 58.6 percent in June 2007, down to 52.8 percent in August 2012. Less than half of young African-American men have full-time jobs.

In 2005, the median wealth of African-American households was $12,124. By 2009, it had plummeted to $5,677 — a 53 percent drop.

After Obamacare took force, the price of employer-sponsored Health Insurance programs rose 9 percent in 2011 and another 4 percent in 2012, up to $15,745.

Given all of this, somehow the President still has money left over to purchase 1.8 billion bullets for DHS (enough to wage a 30-year war, all for an agency that has no “war power” responsibility) as well as send military equipment and weapons to Egypt (read “the Muslim Brotherhood”).

Someone please pinch me and wake me up from this nightmare… It makes no sense that we continue to support both a President and Congress that is throwing away American exceptionalism and spending us into the grave…

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Posted by on February 18, 2013 in politics

 

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