Wednesday, June 8, 2011

THE COLD HARD FACTS!


The Obama Economy
By The Numbers 
The Cold Hard Stats Behind Obamanomics
THIS WEEK, THE NATION’S ECONOMIC INDICATORS ALL STARTED BLINKING RED, SIGNALING ANOTHER FAILURE OF OBAMA’S ECONOMIC POLICIES
2002:
Last Year The Home Value Index Was As Low As It Is Now. (The Wall Street Journal, 5/31/11)
279:
Points The Dow Jones Industrial Average Dropped Yesterday. (Dow Jones, Accessed 6/1/11)
8:
Straight Months Home Prices Have Fallen. (MarketWatch, 5/31/11)
6.9:
Points The Institute For Supply Management’s Index Of Manufacturing Fell In May.(The Washington Post, 6/1/11)
3.6:
Percent Decrease In Home Prices Over The Last Year. (MarketWatch, 5/31/11)
$1.95:
Increase In The Price Of Gas Since Obama Took Office. (Energy Information Administration, Accessed 6/1/11)
1.8:
Percent Rate Of Growth For The U.S. Economy, A “Surprisingly Weak” Rate. (The New York Times, 5/31/11)
THEY JOIN THE REST OF THE OBAMA RECORD AND HIS PAINFUL LEGACY OF DEBT, UNEMPLOYMENT AND DESPAIR
$45.9 Trillion:
Total Federal Spending Proposed By Obama’s FY2012 Budget Through 2021. (OMB, 2/14/11)
$26.3 Trillion:
Projected Federal Debt In 2020 Due To Obama’s Binge Spending. (OMB, 2/14/11)
$14.3 Trillion:
Current National Debt. (U.S. Treasury Department, Accessed 06/1/11)
$10.9 Trillion:
Amount The Total Gross Federal Debt Will Increase By FY2021 According To Obama’s FY2012 Budget. (OMB, 2/14/11)
$9.5 Trillion:
Cumulative Deficits Caused By President Obama’s Proposed Budget, FY2012-2021. (CBO, April 2011)
$6.0 Trillion:
Total Interest Payments On The National Debt, FY2012-2021. (CBO, April 2011)
$3.7 Trillion:
Amount Added To The National Debt Since Obama Took Office. (U.S. Treasury Department, Accessed 6/1/11)
$2.5 Trillion:
True Cost Of ObamaCare Once Fully Implemented. (Sen. Max Baucus, Floor Remarks, 12/2/09)
$1.65 Trillion:
Projected Federal Deficit For FY2011 – Will Be The Largest In U.S. History. (OMB, 2/14/11)
$1.42 Trillion:
Federal Budget Deficit For FY2009 – Highest In U.S. History. (CBO, 10/7/10)
$1.29 Trillion:
Federal Budget Deficit For FY2010 – Second Highest In U.S. History. (CBO, 10/7/10)
$1.14 Trillion:
American Debt Held By China. (U.S. Treasury Department, Accessed 6/1/11)
$931 Billion:
Net Interest Payment On Our National Debt In 2021 Due To Obama’s Budget. (CBO, April 2011)
$830 Billion:
Price Tag Of Obama’s Failed Stimulus. (CBO, 5/25/11)
$575 Billion:
Amount Of Medicare Cuts In ObamaCare. (CMS Chief Actuary Richard S. Foster, Memo, 4/22/10)
$569.2 Billion:
Amount Of Taxes In ObamaCare. (Letter to Speaker Nancy Pelosi, 3/18/10)
$24 Billion:
Stimulus Funds Sent To Tax Cheats. (Government Accountability Office, April 2011)
$16 Billion:
Amount Obama Expects To Lost On Auto Bailouts. (Detroit News, 6/1/11)
$2.1 Billion:
Amount Treasury Doesn’t Expect To Recover From Chrysler. (The Associated Press, 5/17/10)
44.6 Million:
Number Of Americans Receiving Food Stamps. (The Wall Street Journal, 5/31/11)
$18 Million:
Cost Of The Stimulus Website Recovery.org. (ABC News’ “The Note“ Blog, 7/8/09)
13.7 Million:
Unemployed Americans. (Bureau of Labor Statistics, 5/6/11)
8.6 Million:
Americans Working Part-Time For Economic Reasons. (Bureau of Labor Statistics, 5/6/11)
6.5 Million:
Number Of Properties Receiving Foreclosure Filings Since Obama Took Office.(RealtyTrac, Accessed 6/1/11)
5.8 Million:
Americans Unemployed For Longer Than 27 Weeks. (Bureau of Labor Statistics, 5/6/11)
3.8 Million:
Increase In The Number Of People Who Were In Poverty In 2009 Over 2008. (NPR, 9/16/10)
3.1 Million:
Number Of Workers Granted Waivers So That ObamaCare Would Not Outlaw Their Health Care Plan. (HHS.gov, Accessed 6/1/11)
1.8 Million:
Jobs Lost Since Obama’s Stimulus Was Passed. (Bureau of Labor Statistics, Accessed 6/1/11)
1.3 Million:
Private Sector Jobs Lost Since Stimulus Was Passed. (Bureau of Labor Statistics, Accessed 6/1/11)
989,000:
Americans That Have Given Up Looking For Work. (Bureau of Labor Statistics, 5/6/11)
587,000:
Avoided Foreclosure ThroughHAMP, Obama Had Promised To Help As Many As Nine Million.  (Dow Jones Newswire, 5/6/11; President Obama, Remarks In Mesa, AZ, 2/18/09)
89,000:
The Number Of Stimulus Checks Sent To Dead Or Incarcerated People. (The Wall Street Journal's Washington Wire" Blog, 10/7/10)
$46,000:
Your Share Of The National Debt. (U.S. Treasury Department Accessed 6/1/11; U.S. Census Bureau, Accessed 6/1/11)
38,000:
ADP Survey Of Private Sector Jobs Created In May. (NPR, 6/1/11)
23,000:
The Number Of Jobs Obama Knew His Drilling Moratorium Would Kill. (The Wall Street Journal, 8/21/10)
3,700:
Number Of Tax Deliquents Who Received Stimulus Funds. (Government Accountability Office, April 2011)
2020:
Year That Medicare’s Trust Fund Will Be Exhausted. (CBO, March 18, 2011)
1,372:
Number Of Waivers Granted To Unions And Businesses So That ObamaCare Would Not Outlaw Their Health Care Plans. (HHS.gov, Accessed 6/1/11)
1,000:
Number Of Jobs Obama’s NLRB Is Trying To Kill In South Carolina. (The Denver Post, 5/2/11)
80:
Percent Of Small Businesses That Could Be Forced To Change Health Care Plans As A Result Of ObamaCare. (The Washington Post, 6/15/10)
79:
Percent Of Stimulus Funds For Wind, Solar And Geothermal Energy Projects That Went To Foreign Firms. (Investigating Reporting Workshop/ABC’s World News Tonight/Watchdog Institute, 2/8/10)
73:
Percent Of Americans Disapprove Of Obama’s Handling Of Gas Prices. (CNN Poll, 5/24-26/11)
70:
Rounds Of Golf Played By President Obama Since Taking Office. (CBS News' Mark Knoller’s Twitter Feed, 5/30/11)
64:
Percent Of Americans Disapprove Of Obama’s Handling Of The Budget Deficit. (CNN Poll, 5/24-26/11)
58:
Percent Of Americans Disapprove Of Obama’s Handling Of The Economy. (CNN Poll,5/24-26/11)
44.8:
Top Tax Rate Under By 2014 Under Obama’s FY2012 Budget. (The Washington Post, 5/16/11)
38.3:
Average Weeks That It Takes To Find A Job. (Bureau of Labor Statistics, 5/6/11)
37:
Percent Of Pre-Existing Home Sales In April That Were Distressed Properties. (San Francisco Chronicle, 5/20/11)
27:
Straight Months With Unemployment Rate Above 8 Percent. (Bureau of Labor Statistics, Accessed 6/1/11)
15.9:
Percent Of Workers Unemployed Or Underemployed.  (Bureau of Labor Statistics, 5/6/11)
9.0:
Current Unemployment Rate. (Bureau of Labor Statistics, 5/6/11)
$1.95:
Increase In The Price Of Gas Since Obama Took Office. (Energy Information Administration, Accessed 6/1/11)
0:
Votes Obama’s Budget Received In The Senate. (The Hill, 5/25/11)
0:
Other People Obama Will Have Left To Blame For The Failures Of His Economic Policies In 2012. (The American People, 11/6/12)
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