Philobeado
Gold Member
Here are the facts about Obamas record on the economy:
At Obamas Inauguration, the price at the pump for gas was $1.83. It has more than DOUBLED since and now some say it could even TRIPLE to $5 or $6 a gallon!
The official U.S. unemployment rate has jumped back up to 9%. But this pathetic number only puts a smiley face on the real misery. Unemployment spikes to a whopping 15.9% when one counts Americans whove grown so discouraged theyve given up even looking for work or those whove settled for part-time work (Bureau of Labor Statistics).
Home prices have plummeted at their fastest rate since the Lehman collapse. (according to Zillow). Now called zombie homeowners because theyre financially walking dead, an all-time record 16.3 million families are upside-down on their home loans.
A study by the New America Foundation finds 8.5 million people receiving unemployment checks and over 40 million receiving food stamps. At the current pace of job creation, the economy won't return to full employment until 2018.
Wal-Marts CEO says its customers are running out of money with purchases dropping off by the end of the month even more than last year".
The Wall Street Journal says the dollar today is lower than at any time since major currencies began floating in 1973. It is 13% lower than it was 30 years ago and 28% below its 2002 recent peak.
Standard & Poors, the independent credit rating agency, downgraded the outlook for the United States to negative from stable, saying within two years there's at least a one-in-three chance it could lower its long-term rating.
In spite of the REAL facts re: the economy, according to Obama "green jobs are just around the corner" and Tim Geithner continues to pull the spin cord over and over again. Geither said this:
"The economic rescue package that President Obama put in place was essential to turning the economy around "
"Actions since the fall of 2007 of the Federal Reserve, the White House and Congress helped save 8.5 million jobs and increased gross domestic product by 6.5 percent relative to what would have happened had we done nothing "
"Government action delivered a powerful bang for the buck "
"We have put the American economy on a firmer foundation for future growth ."
____________________________________________________________________ ____________
Wake up America! Recovery in NOT "just around the corner". Americas economy is in deep, deep trouble.
At Obamas Inauguration, the price at the pump for gas was $1.83. It has more than DOUBLED since and now some say it could even TRIPLE to $5 or $6 a gallon!
The official U.S. unemployment rate has jumped back up to 9%. But this pathetic number only puts a smiley face on the real misery. Unemployment spikes to a whopping 15.9% when one counts Americans whove grown so discouraged theyve given up even looking for work or those whove settled for part-time work (Bureau of Labor Statistics).
Home prices have plummeted at their fastest rate since the Lehman collapse. (according to Zillow). Now called zombie homeowners because theyre financially walking dead, an all-time record 16.3 million families are upside-down on their home loans.
A study by the New America Foundation finds 8.5 million people receiving unemployment checks and over 40 million receiving food stamps. At the current pace of job creation, the economy won't return to full employment until 2018.
Wal-Marts CEO says its customers are running out of money with purchases dropping off by the end of the month even more than last year".
The Wall Street Journal says the dollar today is lower than at any time since major currencies began floating in 1973. It is 13% lower than it was 30 years ago and 28% below its 2002 recent peak.
Standard & Poors, the independent credit rating agency, downgraded the outlook for the United States to negative from stable, saying within two years there's at least a one-in-three chance it could lower its long-term rating.
In spite of the REAL facts re: the economy, according to Obama "green jobs are just around the corner" and Tim Geithner continues to pull the spin cord over and over again. Geither said this:
"The economic rescue package that President Obama put in place was essential to turning the economy around "
"Actions since the fall of 2007 of the Federal Reserve, the White House and Congress helped save 8.5 million jobs and increased gross domestic product by 6.5 percent relative to what would have happened had we done nothing "
"Government action delivered a powerful bang for the buck "
"We have put the American economy on a firmer foundation for future growth ."
____________________________________________________________________ ____________
Wake up America! Recovery in NOT "just around the corner". Americas economy is in deep, deep trouble.
