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33 Shocking Facts...

economy

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#1 scherzo

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Posted 15 October 2013 - 09:06 PM

...Which Show How Badly The Economy Has Tanked Under Obama

Since OT is primarily devoted these days to smearing anyone who opposes America's "fundamental transformation" under our current leadership, I thought this blog post from several weeks ago might be helpful. Whether or not you like the direction 0bama's taking us, the information provided in this essay from the Economic Collapse Blog should at least provide some insight into why some of us have serious problems with his record. None of these 33 facts are actually "shocking" to people who've been watching this disaster unfold carefully since day one, but even people inclined to be skeptical of the numbers should take the sheer scope of the data seriously. Just a few of the high(low)lights...

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#1 When Barack Obama entered the White House, 60.6 percent of working age Americans had a job.  Today, only 58.7 percent of working age Americans have a job.

#2 Since Obama has been president, seven out of every eight jobs that have been "created" in the U.S. economy have been part-time jobs.

#6 When the Obama era began, the average duration of unemployment in this country was 19.8 weeks.  Today, it is 36.6 weeks.

#7 During the first four years of Obama, the number of Americans "not in the labor force" soared by an astounding 8,332,000.  That far exceeds any previous four year total.

#13 Median household income in America has fallen for four consecutive years.  Overall, it has declined by over $4000 during that time span.

#16 When Barack Obama entered the White House, there were about 32 million Americans on food stamps.  Today, there are more than 47 million Americans on food stamps.

#19 Electricity bills in the United States have risen faster than the overall rate of inflation for five years in a row. (i can definitely vouch for that one -scherzo)


#26 The total amount of money that the federal government gives directly to the American people has grown by 32 percent since Barack Obama became president.

#31 When Barack Obama was first elected, the U.S. debt to GDP ratio was under 70 percent.  Today, it is up to 101 percent.

"Well, the trouble with our liberal friends is not that they're ignorant; it's just that they know so much that isn't so."    -Ronald Reagan, October 27 1964
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#2 Spectacles

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Posted 16 October 2013 - 04:43 AM

Yes, things are not good. Here is the major reason why:


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The economy is in better shape than it was in January 2009, when Obama took office, but I completely agree that it could be better.

We need jobs. But we aren't going to get them. The GOP's "job creators" have had no recession to speak of. They've recovered nicely. So their "offshore" businesses are humming along nicely.

But the American worker is screwed, has been since the loss of manufacturing in the 80s. Our "job creators" don't have much for us to do. And god forbid the government implement public works programs because that would be socialism!

But really, it looks like Obama's administration (remember, most of those commies had worked for Goldman Sachs) has done well by the upper crust, not so much by the rest of us shlubs. That is not going to change in America. Not as long the poor shlubs listen to rightwingnuts who rail against people on food stamps to the exclusion of any awareness of just how much the wealthy are draining wealth from this country: tax breaks, offshore accounts, offshore businesses....

Or when we do become aware, the response is "Oh those poor job-creators! Let's give them larger tax breaks and cut safety, health, and environmental regulations that make them move to some developing nation! And we need to work for lower wages, too, to make their staying here worthwhile.

Them's just the breaks for us. Globalization has made the American worker compete with workers in third world countries, so we are, year by year, more and more desperate.

And that is how it will be regardless of who is in the White House. This is because our politicians work for their corporate sponsors--both parties.

And why am I typing all of this?

Anyhoo.....


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http://www.washingto...g-in-11-charts/
"Facts are stupid things." -Ronald Reagan at the 1988 Republican National Convention, attempting to quote John Adams, who said, "Facts are stubborn things"

"Although health care enrollment is actually going pretty well at this point, thousands and maybe millions of Americans have failed to sign up for coverage because they believe the false horror stories they keep hearing." -- Paul Krugman

#3 Nonny

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Posted 16 October 2013 - 05:59 AM

Is "shocking facts" GOP for "forget who's responsible for destroying the economy, and who did it on purpose"?
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"Give a man a gun and he can rob a bank, give a man a bank and he can rob the world." Can anyone tell me who I am quoting?  I found this with no attribution.

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#4 BklnScott

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Posted 16 October 2013 - 06:15 AM

Yes, it's shocking - if one forgets who all were in charge when the financial system collapsed in 2008.  Hey, wasn't it  the same guys who are again today threatening a new Great Depression?

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There isn't enough mommy in the world to further a cause like yours!

#5 scherzo

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Posted 16 October 2013 - 11:21 AM

View PostBklnScott, on 16 October 2013 - 06:15 AM, said:

Yes, it's shocking - if one forgets who all were in charge when the financial system collapsed in 2008.  Hey, wasn't it  the same guys who are again today threatening a new Great Depression?
OK...I have no idea what the "threatening a new Great Depression" stuff is about. :dontgetit:

But let's pretend the 2008 financial crisis was 100% the result of the policies of George W. Bush. In fact...let's even pretend the economy under 0bama hasn't been leagues worse than the Bush years. Shouldn't even the staunchest cheerleader of Team Hope and Change, be considering the possibility that their current leadership is ill equipped to fix our problem? Well...yeah, of course he SHOULD...but the sad fact is he CAN'T. :(
"Well, the trouble with our liberal friends is not that they're ignorant; it's just that they know so much that isn't so."    -Ronald Reagan, October 27 1964
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#6 Kota

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Posted 16 October 2013 - 11:31 AM

#21 The United States has fallen in the global economic competitiveness rankings compiled by the World Economic Forum for four years in a row.

So so sad, this will be a part of his legacy.

#22 According to economist Tim Kane, the following is how the number of startup jobs per 1000 Americans breaks down by presidential administration...
Bush Sr.: 11.3
Clinton: 11.2
Bush Jr.: 10.8
Obama: 7.8


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In 2009, the Obama administration began the year by handing out economic stimulus packages.

In the first 60 days in office, President Barack Obama spearheaded a $787 billion economic stimulus package based on job creation and tax cuts, a $275 billion mortgage stimulus program aimed at saving troubled homeowners from foreclosure, a $30 billion bail out to AIG (which added to the $150 billion the Bush Administration gave the insurance giant in 2008), and a $1 trillion “toxic asset” buyout program designed to get under-water assets off the balance sheets of America’s banks so that the banks could begin lending again. At the end of March 2009, the Obama Administration gave automakers General Motors and Chrysler another $22 billion in low-interest loans. In June, the Obama Administration gave General Motors another $30 billion to help steer it through bankruptcy.
link

Without jobs, the economy will not improve.

#7 Kota

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Posted 16 October 2013 - 11:37 AM

View Postscherzo, on 16 October 2013 - 11:21 AM, said:

View PostBklnScott, on 16 October 2013 - 06:15 AM, said:

Yes, it's shocking - if one forgets who all were in charge when the financial system collapsed in 2008.  Hey, wasn't it  the same guys who are again today threatening a new Great Depression?
OK...I have no idea what the "threatening a new Great Depression" stuff is about. :dontgetit:

But let's pretend the 2008 financial crisis was 100% the result of the policies of George W. Bush. In fact...let's even pretend the economy under 0bama hasn't been leagues worse than the Bush years. Shouldn't even the staunchest cheerleader of Team Hope and Change, be considering the possibility that their current leadership is ill equipped to fix our problem? Well...yeah, of course he SHOULD...but the sad fact is he CAN'T. :(

You're right, this administration couldn't fix the previous problems and now they
created a slew of problems with the roll out of the ACA.

#8 BklnScott

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Posted 16 October 2013 - 01:13 PM

View Postscherzo, on 16 October 2013 - 11:21 AM, said:

View PostBklnScott, on 16 October 2013 - 06:15 AM, said:

Yes, it's shocking - if one forgets who all were in charge when the financial system collapsed in 2008.  Hey, wasn't it  the same guys who are again today threatening a new Great Depression?
OK...I have no idea what the "threatening a new Great Depression" stuff is about. :dontgetit:

I doubt that.  

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But let's pretend the 2008 financial crisis was 100% the result of the policies of George W. Bush. In fact...let's even pretend the economy under 0bama hasn't been leagues worse than the Bush years. Shouldn't even the staunchest cheerleader of Team Hope and Change, be considering the possibility that their current leadership is ill equipped to fix our problem? Well...yeah, of course he SHOULD...but the sad fact is he CAN'T. :(

It's better than the alternative - not just according to me.  According to the markets, the credit agencies, the polling, and oh yeah, the American people who re-elected him.  But hey - keep riding the Tea Party bus.  It's working out well - for your opponents.

Edited by BklnScott, 16 October 2013 - 01:22 PM.

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There isn't enough mommy in the world to further a cause like yours!

#9 scherzo

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Posted 16 October 2013 - 06:13 PM

View PostKota, on 16 October 2013 - 11:37 AM, said:

View Postscherzo, on 16 October 2013 - 11:21 AM, said:

View PostBklnScott, on 16 October 2013 - 06:15 AM, said:

Yes, it's shocking - if one forgets who all were in charge when the financial system collapsed in 2008.  Hey, wasn't it  the same guys who are again today threatening a new Great Depression?
OK...I have no idea what the "threatening a new Great Depression" stuff is about. :dontgetit:

But let's pretend the 2008 financial crisis was 100% the result of the policies of George W. Bush. In fact...let's even pretend the economy under 0bama hasn't been leagues worse than the Bush years. Shouldn't even the staunchest cheerleader of Team Hope and Change, be considering the possibility that their current leadership is ill equipped to fix our problem? Well...yeah, of course he SHOULD...but the sad fact is he CAN'T. :(

You're right, this administration couldn't fix the previous problems and now they
created a slew of problems with the roll out of the ACA.
Well 0bama seems to think his healthcare scheme is the cure for what ails the economy. It's was going to reduce our deficit, reduce healthcare costs, and create jobs. So I guess us naysayers are going to have some major egg on our faces when all the prosperity hits in the next few years. :)
"Well, the trouble with our liberal friends is not that they're ignorant; it's just that they know so much that isn't so."    -Ronald Reagan, October 27 1964
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#10 scherzo

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Posted 16 October 2013 - 06:22 PM

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It's better than the alternative - not just according to me.  According to the markets, the credit agencies, the polling, and oh yeah, the American people who re-elected him.
Well the "alternative" has been successfully demonized by an irredeemably corrupt media machine tis true. But countrywide damage on a level that spawned this list of 33, could only be matched by people determined to do deliberate harm. I'm not sure what the religious left thinks Mitt Romney could have done to make matters worse, but my guess is...it probably has to do with corporations and the rich or something. :rolleyes:
"Well, the trouble with our liberal friends is not that they're ignorant; it's just that they know so much that isn't so."    -Ronald Reagan, October 27 1964
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#11 Nonny

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Posted 17 October 2013 - 01:27 PM

View PostNonny, on 16 October 2013 - 05:59 AM, said:

Is "shocking facts" GOP for "forget who's responsible for destroying the economy, and who did it on purpose"?

I got it in one.  Yay me.
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The once and future Nonny

"Give a man a gun and he can rob a bank, give a man a bank and he can rob the world." Can anyone tell me who I am quoting?  I found this with no attribution.

Fatal miscarriages are forever.

Stupid is stupid, this I believe. And ignorance is the worst kind of stupid, since ignorance is a choice.  Suzanne Brockmann

All things must be examined, debated, investigated without exception and without regard for anyone's feelings. Diderot



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