- Jul 1, 2011
- Reaction score
WOLF: Barack Obama's remedial math lesson - Washington Times
Waving his finger at Americans, President Obama declared that income taxes must be increased, not on those who arent even paying them, but rather on those who, despite already paying the whole of the bill, somehow still arent paying their fair share. This is not class warfare, defended the redistributor-in-chief, this is math.
OK, Mr. President, Ill bite. How about this math?
Under Obamanomics, the unemployment rate has increased from 7.8 percent to 9.1 percent, and underemployment has increased from 14.0 percent to 16.2 percent. The average length of unemployment has increased from 19.9 weeks to 40.3 weeks. Median income has dropped from $52,029 per year to $49,445.
Since Mr. Obama has taken office, the total number of jobs in America has decreased from 142.2 million to 139.6 million.
Under Obamanomics, the poverty rate has increased from 13.2 percent to 14.3 percent. The number of Americans living below the poverty level has increased from 39.8 million to 43.6 million. The number of Americans on food stamps has increased from 31.9 million to 45.2 million.
Since President Obama took office, the average familys annual health insurance premiums have climbed from $12,068 to a record $15,073. A gallon of gasoline has increased from $1.82 to a painful $3.66. And a gallon of milk has increased from $2.65 to $3.39. The inflation rate has increased from 0.7 percent to 3.77 percent.
That's a hard lesson for us, Mr. President.annual spending has increased from an already mind-blowing $2.9 trillion to $3.8 trillion. The annual deficit has increased from an already shameful $438 billion to an unbelievable $1.5 trillion. Meanwhile, the national credit card balance has increased from $10.6 trillion to a maxed-out $14.7 trillion.