Dad2three
Gold Member
let's all make a deal, since it's only right to be informed and stuff. i'll admit things were getting worse under bush; you admit things kept getting worse under obama and not just in his first two years but CONTINUED to get worse under obama and in many ways ARE STILL WORSE IN OBAMA'S SEVENTH YEAR, despite the talking points of the Left how things are so much better now?
GDP was -6% and job losses were about 700,000 a month when Obama took office.
Are we currently in worse shape than that?
Actually the economy dipped 9%+ the last 3 months of 2008. HUGE
Would you like to see a list of the debilitation of our economy due to Obama's presidency?
Don't hesitate to ask.
Yes show us the debilitation from -6% GDP and losing 700,000 jobs a month.
Show us where those indicators are now worse under Obama.
And try to do it without deflection, non sequitur, and obfuscation.
The Obama Economic Hit-Parade:
1.More than 6.7 million more Americans have been plunged into poverty since Obama became President.
2.Real household income is down 5%
3. Consumer prices are up 10.2%
4. When Obama took office on Jan. 20, 2009, the debt was $10,626,877,048,913.08. Since then, it has increased $7,514,567,086,650.22--which is $65,443 per household, $70,985 per full-time worker and $84,266 per full-time private-sector worker. Under Obama: Federal Debt Up $84,266 Per Full-Time Private-Sector Worker
5. (CNSNews.com) - The federal government drove $789,473,350,613.20 deeper into debt in calendar year 2014, an increase that equaled $6,875 per household, $7,458 per full-time year-round worker, and $8,853 per full-time year-round private-sector worker. According tothe Treasury, the debt started calendar year 2014 at $17,351,970,784,950.10 and ended it at $18,141,444,135,563.30. Under Obama: Federal Debt Up $84,266 Per Full-Time Private-Sector Worker
6. Food stamp recipients up 49%
7. Debt held by the public is up 89%
However, the Obama administrationrecently projected an annual deficit of $750 billion in the fiscal year that began Oct. 1, and $626 billion the year after. At that rate, the debt owed to the public will more than double during the Obama presidency.
As of 2012, according to the most recent figures reported by the Census Bureau, median (midpoint) income for all U.S. households was $51,017, which was 4.9 percent lower (in inflation-adjusted dollars) than it was in 2008, the year before Obama took office.
The same story applies to family income, which includes many families with two earners. (The “household” figure includes single persons living alone, as well as families.) Median family income in 2012 was $62,241, or 5.1 percent below the inflation-adjusted 2008 level.
The number of persons living in poverty also worsened again in 2012, according to the most recent Census figures.
8. As of last year, 46,496,000 persons lived in households with income below the official poverty line, an increase of nearly 6.7 million since 2008 and 249,000 since 2011. The total poverty rate remained unchanged in 2012 at 15 percent of the total U.S. population. So for the second straight year, the poverty rate was 1.8 points higher than it was in 2008.
Obama’s Numbers, October Update
9...in today’s recovery — the slowest in the modern era going back to 1947 — private capital investment has lagged badly. ... so has the jobs situation, with 92 million dropping out of the workforce altogether. A labor-participation rate of 62.8% and an employment-to-population rate of 58% are historic lows indicative of the anemic jobs recovery.Big Business Swings Behind a Mantra of Growth - The New York Sun
10. Tavis Smiley: 'Black People Will Have Lost Ground in Every Single Economic Indicator' Under Obama
Tavis Smiley: 'Black People Will Have Lost Ground in Every Single Economic Indicator' Under Obama
11. . ".... the... [dollar] has today a value of barely a 1,250th of an ounce of gold, a staggering plunge from an 853rd of an ounce on the day Mr. Obama took office...." Fiat Wages - The New York Sun
12. "CBO says deficits slated to shrink in coming years, but will soar again if spending or tax changes are not made
Federal deficits have soared between 2009 and 2012, bring the total long-term debt to a level equal to 73 percent of the nation’s GDP. “Between 2009 and 2012, the federal government recorded the largest budget deficits relative to the size of the economy since 1946, causing federal debt to soar.”
CBO says deficits slated to shrink in coming years, but will soar again if spending or tax changes are not made
13. "Incomes Have Dropped Twice as Much During the 'Recovery' as During the Recession
. ...the Census Bureau's Current Population Survey ....indicate that the real (inflation-adjusted)median annual household income in America has fallen by 4.4 percent during the "recovery," after having fallen by 1.8 during the recession.
Incomes Have Dropped Twice as Much During the 'Recovery' as During the Recession
14. "(CNSNews.com) - The real median income of American women dropped a little more than four percent in the first three full years after the end of the last recession,..... Census Bureau income data, the median income of American women was $21,520 in constant 2012 dollars. That was down $914 dollars—or about 4.1 percent—from 2009." Median Income of Women Dropped 4%--In First 3 Years of Recovery
15. "US economy slowed to 0.1 percent growth rate in Q1
WASHINGTON (AP) — The U.S. economy slowed drastically in the first three months of the year...to a barely discernible 0.1 percent annual rate in the January-March quarter, the Commerce Department said Wednesday. That was the weakest pace since the end of 2012 and was down from a 2.6 percent rate in the previous quarter.... the anemic growth last quarter is surely a topic for discussion at the Federal Reserve's latest policy meeting,..."
My Way News - US economy slowed to 0.1 percent growth rate in Q1
16. "More Than 92 Million Americans Remain Out Of Labor Force
The unemployment rate dropped to 6.3 percent in April from 6.7 percent in March, the lowest it has been since September 2008 when it was 6.1 percent. The sharp drop, though, occurred because the number of people working or seeking work fell. The Bureau of Labor Statistics does not count people not looking for a job as unemployed.
The bureau noted that the civilian labor force dropped by 806,000 last month, following an increase of 503,000 in March."
Report: More Than 92 Million Americans Remain Out Of Labor Force
The amount (not seasonally adjusted) of Americans not in thelabor force in April rose to 92,594,000, almost 1 million more than the previous month.
17. "The U.S. economy contractedat a much steeper pace than previously estimated in the firstquarter, but there are indications that growth has sincerebounded strongly.
The Commerce Department said on Wednesday gross domesticproduct fell at a 2.9 percent annual rate, the economy's worstperformance in five years, instead of the 1.0 percent pace ithad reported last month." Shrink wrapped: US economy contracted sharply in Q1
18. (CNSNews.com) - The number of Americans 16 and older who did not participate in the labor force climbed to a record high of 92,120,000 in June, according to data from the Bureau of Labor Statistics (BLS)..... the labor force participation rate for Americans was 62.8 percent, matching a 36-year low. Record Number of Americans Not in Labor Force in June
19. (CNSNews.com)– The unemployment rate for black Americans is more than double that of white Americans, according to the latest data from the Bureau of Labor Statistics (BLS).... In the numbers released today, covering the month of June, the seasonally adjusted unemployment rate for black Americans age 16 and over was 10.7%, reported the BLS. The unemployment rate for white Americans in the same age group and time-frame was 5.3%, said the BLS. Black Unemployment 10.7%, More Than Double White Unemployment 5.3%
20. (CNSNews.com) - 11.4 million Americans age 16 and over have left the workforce since President Obama took office in January 2009, according to data released today from the Bureau of Labor Statistics (BLS).
In July 2014, there were 92,001,000 Americans, 16 and over, who were classified as “not in the labor force,” meaning they not only did not have a job, but they didn’t actively seek one in the last four weeks
11,472,000 Americans Have Left Workforce Since Obama Took Office
21. "The 35.4 Percent: 109,631,000 on Welfare
109,631,000 Americans lived in households that received benefits from one or more federally funded "means-tested programs" — also known as welfare — as of the fourth quarter of 2012,according to data released Tuesdayby the Census Bureau. When those receiving benefits from non-means-tested federal programs — such as Social Security, Medicare, unemployment and veterans benefits — were added to those taking welfare benefits, it turned out that 153,323,000 people were getting federal benefits of some type at the end of 2012.
Subtract the 3,297,000 who were receiving veterans' benefits from the total, and that leaves 150,026,000 people receiving non-veterans' benefits."
The 35.4 Percent: 109,631,000 on Welfare
22. "(CNSNews.com)-- In June 2014, there were 46,496,145 recipients of the food stamp program, which is enough to fill the Yankee Stadium 925 times, according todata fromthe Department of Agriculture " 46,496,145: Food Stamp Recipients Can Fill Yankee Stadium 925 Times
23. In a stunning Tuesday report, Gallup CEO and Chairman Jim Clifton revealed that “for the first time in 35 years, American business deaths now outnumber business births.”Clifton says for the past six years since 2008, employer business startups have fallen below the business failure rate, spurring what he calls“an underground earthquake” that only stands to worsen as lagging U.S. Census data becomes available.
“Let’s get one thing clear: This economy is never truly coming back unless we reverse the birth and death trends of American businesses,” writes Clifton." Economic Death Spiral: More American Businesses Dying Than Starting - Breitbart
24. "Disability insurance entitlement explodes under Obama
Those of you paying attention have noticed that the Obama administration is actually doing what it promised: transforming America into a gigantic welfare state." Disability insurance entitlement explodes under Obama
25. Washington, D.C.- An unabated influx of illegal aliens along the southern border of the United States is causing a health crisis in the border region. Actions by the Obama Administration to disperse illegals across America while providing an incentive for more illegals to come could lead to a nationwide health crisis that is likely to manifest itself first within our public schools.....It has spread as far north as southern Mexico and south into Panama. Diseases such as this could be carried across our border by illegal immigrants and could create a nationwide health crisis. Chicken pox, measles, mumps and tuberculosis are already causing problems." — Project 21 member Michael Dozier, Ph.D., an expert in homeland security issues and talk radio host who has worked with humanitarian aid missions in Africa, Asia, the Balkans and the United States
Public Schools Face Health Threat from Illegal Aliens
26. "Despite the improving economy, most Americans continue to say that they are falling behind the cost of living. Overall, 55% said in theJan. 7-11 surveythat their family’s income is falling behind the cost of living,.... Views on this question have shown no improvement over the course of the last year..." Public opinion on the economy and Obama’s handling of it
27. "But with February’s slow down the 12-month wage growth rate ticked down to 2%....[Under Reagan: 'In 1984 alone real economic growth boomed by 6.8%, the highest in 50 years.Reaganomics Vs. Obamanomics: Facts And Figures ] Totalemployment gains in December and January were therefore 18,000 lower than what BLS previously reported. The labor force participation rate ticked lower to 62.8% from 62.9%, ..." Jobs Report: U.S. Economy Added 295,000 Jobs In February, Unemployment Down To 5.5%
a. "But wage gains continued to lag, rising only 0.1 percent in February for private-sector workers after a reported 0.5 increase in January.... .“We hear we’re on the road to recovery, but people aren’t convinced of that.”http://www.nytimes.com/2015/03/07/business/economy/jobs-report-unemployment-february.html?_r=0
b. "White youths saw their rate decrease 1.4 percent to 15 percent, but young African-Americans saw theirs reach 30 percent, a 0.3 percent increase.... For the population as a whole, participation rates are still hovering around their 1978 lows at 62.8 percent,..." Unemployment Down To 5.5 Percent In February
c. "92,898,000 Americans were not in the labor force in February, according todatareleased from the Bureau of Labor Statistics (BLS) on Friday. ...The 157,002,000 who participated in the labor force was 62.8 percent of the 249,899,000 civilian noninsttutional population, which matches the 62.8 percent rate in April, May, June, and October of 2014 as well as the participation rate in March of 1978. The participation rate hit its lowest level since February 1978 (62.7 percent) in September and December of 2014. 62.8%: Labor Force Participation Has Hovered Near 37-Year-Low for 11 Months
(CNSNews.com) - A record 56,023,000 women, age 16 years and over, were not in the labor force in February.,,, According to the BLS, 56.7 percent of women were participating in the labor force in February, a drop from 56.8 percent in January. 56,023,000: Record Number of Women Not in Labor Force
28. "Surprise: U.S. Economic Data Have Been the World's Most Disappointing
It's not only the just-released University of Michigan consumer confidence report and February retail sales on Thursday that surprised economists and investors with another dose of underwhelming news. Overall, U.S. economic data have been falling short of prognosticators' expectations by the most in six years." Surprise: U.S. Economic Data Have Been the World's Most Disappointing
29. "More Businesses Shutting Down than Starting Up
'Business deaths now exceed business births for the first time' in decades.
The American economy is less entrepreneurial now than at any point in the last three decades. That's the conclusion of anew study out from the Brookings Institution, which looks at the rates of new business creation and destruction since 1978.
Not only that, but during the most recent three years of the study -- 2009, 2010 and 2011 -- businesses were collapsing faster than they were being formed, a first. Overall, new businesses creation (measured as the share of all businesses less than one year old) declined by about half from 1978 to 2011." More Businesses Shutting Down than Starting Up
30. Americans Not in Labor Force Exceed 93 Million for First Time; 62.7% Labor Force Participation Matches 37-Year Low
Americans Not in Labor Force Exceed 93 Million for First Time; 62.7% Labor Force Participation Matches 37-Year Low
31. Except for rich, Americans' incomes fell last year
In fresh data that adds fire to a growing debate over income inequality, the department said that Americans on average saw income decline for the second straight year in the 12 months to June 2014.
The average pre-tax income fell 0.9 percent from the same period a year earlier, to $64,432. Except for rich, Americans' incomes fell last year
32. "The Big Lie: 5.6% Unemployment
The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.
Right now, we're hearing much celebrating from the media, the White House and Wall Street about how unemployment is "down" to 5.6%. The cheerleading for this number is deafening. The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market.
While you are as unemployed as one can possibly be, and tragically may never find work again, you arenotcounted in the figure we see relentlessly in the news -- currently 5.6%. Right now, as many as 30 million Americans are either out of work or severely underemployed. Trust me, the vast majority of them aren't throwing parties to toast "falling" unemployment.
Right now, the U.S. is delivering at a staggeringlylow rate of 44%, which is the number of full-time jobs as a percent of the adult population,..." The Big Lie: 5.6% Unemployment
a. "....the number of Americans not in the labor force rose once again, this time to 93,194K from 93,175K, with the result being a participation rate of 69.45 or just above the lowest percentage since 1977, will merely catalyze even more upside to the so called "market" which continues to reflect nothing but central bank liquidity, and thus - the accelerating deterioration of the broader economy." Americans Not In The Labor Force Rise To Record 93,194,000 | Zero Hedge
33. "Even if you leave out the first quarter of 2009—when the recession that started in December 2007 was still ongoing--President Barack Obama has presided over the lowest average first-quarter GDP growth of any president who has served since 1947, which is the earliest year for which the Bureau of Economic Analysis has calculated quarterly GDP growth. " Blame It on Global Cooling? Obama Has Lowest Average 1stQ GDP Growth of Any President on Record
34. After 6 1/2 years of Obama, 47% of Americans could not handle a $400 expense:
"The survey results reveal a lack of economic preparedness among many adults. Only 53 percent of respondents indicate that they could cover a hypothetical emergency expense costing $400 without selling something or borrowing money. Thirty-one percent of respondents report going without some form of medical care in the past year because they could not afford it." FRB: Press Release--Federal Reserve Board issues Report on the Economic Well-Being of U.S. Households--May 27, 2015
35. "The share of North America in the global high-income population decreased from 54% in 2001 to 46% in 2011,.... several countries in Western Europe had higher shares of high-income populations than the U.S. in 2011...the U.S. had the unfortunate distinction of slipping backwards as the share of its high-income population decreased from 58% in 2001 to 56% in 2011....The proportion of Americans who are upper-middle income barely moved from 31% in 2001 to 32% in 2011, and the share that is high income actually fell, as noted, from 58% to 56%....The median annual household income in the U.S. fell from $53,646 in 2001 to $50,054 in 2011 (U.S. Census Bureau)..... Unlike in the U.S., Canadian residents progressed from upper-middle income to the high-income standard of living...."Despite Poverty’s Plunge, Middle-Class Status Remains Out of Reach for Many
36. The Obama Administration is aggressively exploiting regulation to achieve its policy agenda, issuing 157 new major rules at a cost to Americans approaching $73 billion annually....twice the annual average of his predecessor George W. Bush.And much more regulation is on the way, with another 125 major rules on the Administration’s to-do list, including dozens linked to the Dodd–Frank financial regulation law and the Patient Protection and Affordable Care Act, known as Obamacare. Red Tape Rising: Five Years of Regulatory Expansion
37. The number of people not in the labor force reached another record high in July, according to new jobs data released Friday by the Bureau of Labor Statistics.
TheBLS reportsthat 93,770,000 people (16 and older) were neither employed last month nor had made specific efforts to find work in the prior four weeks.
http://www.breitbart.com/big-government/2015/08/07/record-93770000-americans-not-in-labor-force/
.... a 38-year low, the Labor Department reported on Friday.... -- The number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 2,180,000 in July (up from 2,121,000 in June). These individuals accounted for 26.9 percent of the unemployed. http://cnsnews.com/news/article/sus...not-labor-force-participation-rate-matches-38
According to the BLS,56,209,000 women aged 16 and older were not participating in the workforce in July, besting April’srecordof 56,167,000 http://www.breitbart.com/big-government/2015/08/07/record-56209000-women-not-in-labor-force/
Excellent link showing the economy http://www.deptofnumbers.com/income/us/
I THOUGHT AFTER 8 YEARS OF DUBYA/GOP "JOB CREATOR" POLICIES THE ECONOMY WAS SUPPOSED TO BE BOOMING? What happened? Why are we still giving tax cuts to "job creators"?
Middle Class Series: The Failure of Supply-Side Economics
Three Decades of Empirical Economic Data Shows That Supply-Side Economics Doesn’t Work
Adherents of the economic theory known as supply-side economics contend that by cutting taxes on the rich we will unleash an avalanche of new investment that will spur economic growth, and boost job creation, leading to economic improvements for everyone. For most of the past 30 years this idea has dominated the economic debate, resulting in two sustained eras of tax cuts aimed at the wealthy, separated by a brief respite in the 1990s.
......This assertion—that lower taxes for the rich will lead to improved economic results—is testable. Of course, pure natural experiments in economics are few and far between, but over the last 30 years the United States alternated between economic policies that were heavily influenced by supply-side ideas, then were not, then were again. This variation allows us to compare economic performance in the various eras. If proponents of supply-side theory are correct, then the supply-side eras should outperform the non-supply side era. But that’s not what happened.
Investment growth was weaker under supply-side policies
Productivity growth was weaker under supply-side policies
Overall economic growth was weaker under supply-side policies
Employment growth was weaker under supply-side policies
Income growth for middle-class households was lackluster under supply-side policies
Our nation’s fiscal health deteriorated under supply-side policies
https://www.americanprogress.org/is...1/11998/the-failure-of-supply-side-economics/
