20 Ways The Economy Has Gotten Worse Since Barack Obama Became President.
It seems that the hope and change idea has not worked out so well for Obama, or the country, unfortunately. And before you start yelling it is all Bush’s fault, the article below does not exactly describe Bush in glowing terms either. The fact is that we are in trouble as a nation, and need strong leadership, quick action and ideas NOW, not promises made by both parties to alledgely resolve them sometime after the 2012 election. Here’s some excerpts from the article:
Jun. 7, 2011, 1:26 PM
By almost any measure that you can think of, the U.S. economy has gotten worse since Barack Obama became president. Unemployment is higher, the cost of food and gas are skyrocketing, the number of Americans living in poverty has spiked dramatically, the housing market is in nightmarish shape and our national debt has absolutely exploded.
Barack Obama is proving to be one of the worst presidents in all of U.S. history. Perhaps when it is all said and done he will be recognized as the absolute worst. Not that George W. Bush was much different. In fact, the Republican Party will not regain much credibility with the American people until it admits that George W. Bush was an absolutely horrible president.
The following are 20 ways that the U.S. economy has gotten even worse since Barack Obama became president.…
The unemployment rate has risen to 9.1% since January 2009 when it was 7.6%
The number of "long-term unemployed" in the U.S. is up to 6.2 million. When Obama took office, that number was approximately 2.6 million
The average price of a gallon of gas is $3.79.
When Barack Obama first became president, the average price of a gallon of gasoline in the United States was $1.83. This also effects the price of almost everything else we buy.
In April 2011, the average U.S. household spent approximately $369 on gasoline compared to $201 in April 2009
The cost of a Memorial Day cookout was 29 percent higher this year than last year
Today there are more than 44 million Americans on food stamps
When Barack Obama was sworn in, there were nearly 32 million Americans on food stamps
The number of children living in poverty has gone up by about 2 million in just the past 2 years
The national debt is is 14.3 trillion dollars. When Obama took office, the U.S. national debt was 10.6 trillion dollars
The federal government has borrowed 29,660 more dollars per household since Obama signed the economic stimulus law 2 years ago
During Obama's first 2 years in office, the U.S. government added more to the U.S. national debt than the first 100 U.S. Congresses combined
The trade deficit was about 33 percent larger in 2010 than it was in 2009. The deficit is expected to grow in 2011
Since August, 2 million more Americans have left the labor force
In 2010, more than a million U.S. families lost their homes to foreclosure. That number is expected to go even higher in 2011
The Chinese are rapidly dumping U.S. government debt. Faith in the U.S. dollar and in U.S. Treasuries is rapidly declining
The U.S. dollar has fallen by 17 percent compared to other major national currencies since 2009
Today an ounce of gold costs about $1500. When Barack Obama first took office, an ounce of gold was going for about $850
61% of Americans believe that they will not return to their "pre-recession" lifestyles until at least 2014
And it's not getting better
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