President Obama, Facts and Figures
Posted by Steve Markowitz on July 5, 2012
The facts below have been published on yolohub.com. They tell the real story of the state of the American economy. While the facts speaks to the failure of President Obama’s economic policies, they also damn on the entire culture of Progressive governments during the past 40 years that has encompassed both Republicans and Democrats.
The history of failures of Progressive–interventionist governmental policies should be enough to demand a call for a change in direction. Instead, politicians, especially those from the Left, call for more of the same policies that led to the failures. That is the true definition of insanity
$3.59 – When Obama entered the White House, the average price of a gallon of gasoline was $1.85.
22 – Today the poverty rate for children in the United States 22 percent.
32 – The amount of money that the federal government gives to Americans has increased Obama entered the White House.
40 – The official U.S. unemployment rate has been greater than 8% for 40 months in a row.
49 – 49.1% of Americans live in a home where at least one person receives government benefits.
53 – In 2011, 53% U.S. college graduates under 25 were unemployed or underemployed.
61 – The Federal Reserve bought approximately 61% of all government debt issued during 2011.
81 – American credit card debt for the 25 to 34 year old age bracket has risen by 81 since 1989.
107 – The average American must work 107 days to pay local, state and federal taxes.
$1,580 – When Obama took office, an ounce of gold cost $850, today it costs more than $1580.
1,700 – America consumer debt in has risen 1700%since 1971.
$6,000 – The median price of a home in Detroit is only $6,000.
$175,587 – The Obama administration spent $175,587 to determine if cocaine causes Japanese quail to engage in sexually risky behavior.
$328,404 – Over the next 75 years, Medicare is facing unfunded liabilities of more than 38 trillion dollars; $328,404 for every American household.
$2,000,000 – The U.S. national debt is rising by $2 million every minute.
5,400,000 – When Obama took office there were 2.7 million long-term unemployed Americans. Today it is double them.
16,000,000 – It is being projected that Obamacare will add 16 million more Americans to the Medicaid.
$20,000,000 – The money the U.S. government spent to create a version of Sesame Street for Pakistan.
46,405,204 – The number of Americans on food stamps. When Obama entered the White House there were 32 million Americans on food stamps.
$150,000,000 – The approximately the amount the Obama administration and Congress are stealing from future generations of Americans every single hour.
$359,100,000,000 – During the first quarter of 2012, U.S. public debt rose by $359 billion.
$454,000,000,000 – During 2011, the U.S. government spent $454 billion on interest on the national debt.
$1,600,000,000,000 – The U.S. national debt added since the Republicans took control of the U.S. House of Representatives.
$5,000,000,000,000 – The U.S. national debt added since Obama took office. In 3 years Obama added more to the national debt than the first 41 presidents combined.
$11,440,000,000,000 – Total consumer debt in the United States.
$15,734,596,578,458 – Total U.S. national debt as of June 2012.
$200,000,000,000,000 – The 9 largest US banks have more than $200 trillion exposure to derivatives. If the derivatives market collapses there won’t be enough money in the world to fix it.