Obama's economic numbers here (unemployment rate, gas prices, Congress, healthcare)

[toodie]

~ National Debt:
$51,974 per person.
$16 Trillion ($16,046,680,286,836) or $$51,974 per person (Treasury Dept. 9/21) $5.4 Trillion or $17,554 per person added since Obama took office.

~ Federal Budget Deficit:
$1.2 Trillion. The projected deficit for FY 2012 is $1.2 Trillion (Treasury Dept.9/12).

~ Average price of gas:
108% increase. The price of gas has increased from $1.85 to $3.74 since Obama took office (Energy & Information Admin 9/12).

~ Unemployment Rate:
Rate above 8% for 43 straight months. The real (U-(6) unemployment rate is 14.7%, 316,000 jobs have been lost since Obama took office (Bureau of Labor Statistics 9/12). 710,000 jobs would be lost due to Obama's proposed tax hikes. (Ernst & Young 7/12).

~ Household Income:
$4,300 decrease. The real median household income has decreased $4300 since Obama took office (Bloomberg 4/12).

~ 1st Stimulus $833 Billion
2nd Stimulus $477 Billion
The cost of 1st stimulus was $833 Billion 1.8 Trillion with interest (CBO 1/12/09). The 2nd stimulus was $447 Billion (Whitehouse 9/11).

~ Government benefits:
49% receive
49% of the population lives in a household where at least 1 member received some type of government benefit in the 1st Q of 2011 (Wall Street Journal 5/12)

~ Food Stamps:
46% increase.
A 46% increase during Obama's term or 46.7 Million Americans are on Food Stamps.

~ Delinquent Mortgages or in Foreclosure:
5.6 Million.
The number of mortages 30 days delinquent or in foreclosure as of July 2012 (Lender Processing Services 8/12).

~ Family Health Premiums:
24% increase. The average cost of family healthcare premiums under Obama has increased 24% or $3065 (Kaiser Family Foundation 2012).

~ ObamaCare equals:
$2404/yr. increase.
Under ObamaCare, family healthcare premiums will increase $2,404/yr. (Congressional Budget Office 7/12). Obama promised ObamaCare would save families $2,500/yr. by the end of his 1st term. (Campaign Remarks, Columbus, OH, 2008).

~ Medicare Cuts:
$716 Billion

~ Additional Taxes:
$810 Billion.
20 new taxes in ObamaCare. 75% of the penalty for not purchasing insurance falls on those earning less than $120,000 (CBO 3/12, JCT 6/12) (Right Change 7/12).

~ Waivers
4 Million
Workers granted waivers so ObamaCare would not outlaw their healthcare plans (HH 9/12).

~ Uninsured
23 Million
23 Million remain uninsured (Congressional Budged Office 1/12)

~ Doctor Shortage:
62,900
Projected shortage of doctors by 2015 due to ObamaCare (New YorkTimes 7/12).

~ Auto Industry Bailout
$25.5 Billion Loss
The government projects to lose $25.5 Billion on the auto industry bailout. $37.2 is the total outstanding investment. (Treasury Dept. 9/12).

~ Solyndra Loan
$535 Million Loss
The Stimulus Program made a loan guarantee to this solar company that closed its doors. Taxpayers will pay back this loan. (Oakland Tribune 11/10).

~ Regulations
Cost of$1.75 Trillion
Annual cost of federal regulations. (Small Business Admin. 9/10).

~ Cost of In-state Tuition
25% increase
25% increase in the average cost of in-state tuition at a 4 yr. college since Obama took office. (College Board 2011).

~ Drilling Permits
36% decrease
Drilling permits have decreased by 36% under Obama. Permits increased by 58% under Clinton and 116% under GW Bush.

~ 2 credit downgrades
The AAA rating was reduced to AA and in 9/12 to AA- due to the outstanding debt.

~ Familhy Food Costs
$480/yr. increase
The current monthly price of a moderate-cost food plan for a family of four with young children,up from $819.40 to $859, since Obamabecame president (USDA 2/09;USDA 7/12)

[Gal from the South]

Great post. It's overwhelming to see it put together in one place. I wish it would open some eyes of the people who think Obama has any plan to fix the economy. Obama is obviously very proud of himself, so it stands to reason that he likes the situation we're in. This is very scary.

[JimRom]

Nicely researched. Thanks for putting it all in one spot.

[Old Gringo]

3rd quarter growth at 2%, a decent increase over the expected 1.8% figure and a nice improvement over the 2nd quarter.


Obama is leading the recovery from the extremely damaging Bush recession.


Good job, Mr President! Four more years and America will be back to where it was prior to the Dubya disaster.

[sxrckr]

^Amazing how some STILL try to spin that terrible record.

1. 2% is still NOT good in that it's not nearly enough to substantially reduce unemployment
2. The ONLY reason it was not lower than 2% is because of the huge uptick in gov spending

That can be found from any reliable business or financial news source.

[petch751]

Well it depends on what Obama's goal was. If it is to downsize our importance in the world and to keep Americans poor, he did a great job.

Higher gas prices and higher food cost but people on SS only get around a $19 raise... good job in keeping the poor even more poor.

[Old Gringo]

Originally Posted by petch751

Well it depends on what Obama's goal was. If it is to downsize our importance in the world and to keep Americans poor, he did a great job.

Higher gas prices and higher food cost but people on SS only get around a $19 raise... good job in keeping the poor even more poor.

Gas prices around here have dropped about 20 cents over the past couple weeks.

Good job, Mr President!

[bluesjuke]

Originally Posted by Old Gringo

3rd quarter growth at 2%, a decent increase over the expected 1.8% figure and a nice improvement over the 2nd quarter.


Obama is leading the recovery from the extremely damaging Bush recession.


Good job, Mr President! Four more years and America will be back to where it was prior to the Dubya disaster.

How will he ever deal with what he could inherit from himself if the "blame it on Bush" inheritence was so overwhelming?
What he's leaving the next holder of the Office is much, much worse.

[petch751]

Originally Posted by Old Gringo

3rd quarter growth at 2%, a decent increase over the expected 1.8% figure and a nice improvement over the 2nd quarter.

2% is redicoulously slow! 32 Million people still unemployed.

The increase is in government jobs not private sector jobs. "Bigger Government - more power over you"

[howard555]

Turn on CNBC Nov. 2 at 8:30am.
If the unemployement rates stays at 7.8% or falls, and the non farm payrolls is similar or better than last month, Obama could get a boost next weekend.