Monday, January 21, 2013

Obama Reality Check

Given all of the festivities around Obama's second inauguration today, I thought a recap of the guy's record might be in order.

  • National debt +60% ($10 trillion to $16 trillion).
  • Budget deficit +200% ($400 billion to $1.2 trillion).
  • Real unemployment rate: 14.4% (U6).
  • Record number of Americans on food stamps.
  • Abysmal job-creation record. Non-farm payrolls during first term of -358,000. In Reagan's first term, the economy created 5,000,000 non-farm payroll jobs. 
  • Average GDP growth +1.6%. Reagan's first term average GDP growth 3.3%.
  • Gas prices +$1.42 per gallon.
  • Median income down 8%.
  • Record number of Americans on disability.
  • Labor force participation rate 63.6%, the lowest rate since the 1981-1982 recession. 
  • The number of Americans  who decided not to work or even to seek a job increased by 8.3 million to a record 88.8 million in O’s first term. 
  • Average job approval for first term 49%. Third worst behind Carter and Ford.
  • Benghazi
  • Obamacare - the lies, the taxes, the cost.
  • Higher taxes.
  • Devaluation of the U.S. Dollar.
  • 200,000 small businesses are no longer in business .
  • Record levels of unemployment for African-American and youth. 
  • Blocked Keystone XL pipeline.
  • 46 million Americans living below poverty level; majority are minorities.
  • Thousands of coal-related jobs lost.
Can't wait what the next four years will bring! Maybe he will find a way to bless us with a third term.