What's It Worth?
Obama’s Failing Record: The Numbers Do Not Lie
by Marla on January 27, 2012 in Economy, Obama's Economy with 1 Comment
Via: Big Government, by Joel B. Pollak
Following President Barack Obama’s self-congratulatory State of the Union address, Rep. Dave Camp (R-MI), chair of the House Ways and Means Committee, produced a simple chart that tells the real story of the Obama administration:
America Before President Obama Took Office and Now
Before Now Change
Number of Unemployed1 12.0 Million 13.1 Million +9%
Long-Term Unemployed2 2.7 Million 5.6 Million +107%
Unemployment Rate3 7.8% 8.5% +9%
“High Unemployment” States4 22 43 +95%
Misery Index5 7.83 11.46 +46%
Price of Gas6 $1.85 $3.39 +83%
“Typical” Monthly Family Food Cost7 $974 $1,013 +4%
Median Value of Single-Family Home8 $196,600 $169,100 -14%
Rate of Mortgage Delinquencies9 6.62% 10.23% +55%
U.S. National Debt10 $10.6 Trillion $15.2 Trillion +43%
Good for you Jere. I saw this being passed around FB for a couple days now. I just wondered who would cut and paste it here. My money was on you Moishe, and you did not let me down.
Actually, numbers can lie and these do. The unemployment rate in the United States fell to 8.5 percent in December of 2011, the lowest since February 2009. That was after a seasonally adjusted high of 10% in October of 2009. The rate was 7.8% when Pres. Obama was inaugurated, so between then and now the rate has changed 0.7 percentage points. Pres G W Bush was 1st inaugurated with an unemployment rate of 4.2% and left with the rate at 7.8% and the economy was spiralling out of control. Obama's 0.7 point change looks pretty good when compared to W's 3.6 percentage point change to the negative. Give Obama credit for turning this thing around. And, please see this chart for what it is, a skewed piece of political gutter trash.
I have to give you credit you are consistent, just wrong.
Obama is misleading everyone about all of the jobs created. He said that 3 million jobs were created since Feb. of 2010. The amount of people employed has only increased from 138.66 million to 140.79 million a net increase of only 2.13 million, while that sum sounds nice that is a pace of just 96,000 a month which does not even keep up with the growth of the population. This is according to the Bureau of Statistics. This along with the 4 million working age adults from the labor force who have simply stopped looking for work and are not taken into account. The unemployment situation has not improved at all.
I don't know about the unemployment rates because everyone lies about those numbers.
One thing that is a fact, regardless of what exact number, food prices are way up, housing is down, gas is up, and the deficit is sky high and will ruin us. Anyone just try and deny that fact
Put it all together and you can "fundamentaly change" America...for the worse.
Just for one. There are a whole lot of folks that have given up looking for work. They are not included in the unemployment numbers. I think the numbers they quote as having given up is around 400,000.
Sarge01,
Please keep in mind while posting the figures concerning job growth that compared to losing 800,000 jobs per month during the waning months of the last administration...that's proof that jobs are indeed being added instead of subtracted.
Nice to say "waning months of last administration", but that is nothing more than a sound bit intended for liberal effect. Now get between the numbers, and why the decline in job growth? That's something a liberal would not want to entertain.
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I have to give you credit you are consistent, just wrong.
I don't know about the unemployment rates because everyone lies about those numbers.
One thing that is a fact, regardless of what exact number, food prices are way up, housing is down, gas is up, and the deficit is sky high and will ruin us. Anyone just try and deny that fact
Put it all together and you can "fundamentaly change" America...for the worse.
Just for one. There are a whole lot of folks that have given up looking for work. They are not included in the unemployment numbers. I think the numbers they quote as having given up is around 400,000.
Nice to say "waning months of last administration", but that is nothing more than a sound bit intended for liberal effect. Now get between the numbers, and why the decline in job growth? That's something a liberal would not want to entertain.
Good for you Jere. I saw this being passed around FB for a couple days now. I just wondered who would cut and paste it here. My money was on you Moishe, and you did not let me down.
Actually, numbers can lie and these do. The unemployment rate in the United States fell to 8.5 percent in December of 2011, the lowest since February 2009. That was after a seasonally adjusted high of 10% in October of 2009. The rate was 7.8% when Pres. Obama was inaugurated, so between then and now the rate has changed 0.7 percentage points. Pres G W Bush was 1st inaugurated with an unemployment rate of 4.2% and left with the rate at 7.8% and the economy was spiralling out of control. Obama's 0.7 point change looks pretty good when compared to W's 3.6 percentage point change to the negative. Give Obama credit for turning this thing around. And, please see this chart for what it is, a skewed piece of political gutter trash.
Obama is misleading everyone about all of the jobs created. He said that 3 million jobs were created since Feb. of 2010. The amount of people employed has only increased from 138.66 million to 140.79 million a net increase of only 2.13 million, while that sum sounds nice that is a pace of just 96,000 a month which does not even keep up with the growth of the population. This is according to the Bureau of Statistics. This along with the 4 million working age adults from the labor force who have simply stopped looking for work and are not taken into account. The unemployment situation has not improved at all.
Sarge01,
Please keep in mind while posting the figures concerning job growth that compared to losing 800,000 jobs per month during the waning months of the last administration...that's proof that jobs are indeed being added instead of subtracted.
Post a Reply