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18 Facts That Dispute Obama’s Lies About the Economy

Barack Obama in bold and brazen fashion is claiming the US economy has improved since his inauguration. I hate to foil his fantasy, but the president needs to stop day dreaming.

Despite what the lamestream media is telling us, the unemployment crisis is far worse now than it was when Obama took office.

Home values have plummeted, health insurance premiums have increased, gas has gone through the roof, the number of Americans living in poverty is exponentially increasing and the national debt has increased by a whopping five trillion dollars.

The following are 18 statistics that prove that the economy has not improved since Barack Obama became the president of the United States . . .

#1 Today there are 88 million working age Americans that are not employed and that are not looking for employment. That is an all-time record high.

#2 When Barack Obama was elected, the percentage of unemployed Americans that had been out of work for more than 52 weeks was less than 15%. Today, it is above 30%.

#3 There are 1.2 million fewer jobs in America today than there were when Barack Obama was inaugurated.

#4 When Barack Obama first took office, the number of “long-term unemployed workers” in the United States was approximately 2.6 million. Today, that number is sitting at 5.6 million.

#5 The average duration of unemployment in the United States is hovering close to an all-time record high.

#6 During the Obama administration, worker health insurance costs have risen by 23 percent.

#7 Since Barack Obama has been president, the average price of a gallon of gasoline in the United States has increased by 90 percent.

#8 Since Barack Obama has been president, home values in the United States have declined by another 13 percent.

#9 Under Barack Obama, new home sales in the U.S. set a brand new all-time record low in 2009, they set a brand new all-time record low again in 2010, and they set a brand new all-time record low once again during 2011.

#10 Since Barack Obama took office, the number of Americans living in poverty has risen by more than 6 million.

#11 Since Barack Obama entered the White House, the number of Americans on food stamps has increased from 32 million to 46 million.

#12 The amount of money that the federal government gives directly to Americans has increased by 32 percent since Barack Obama entered the White House.

#13 According to the U.S. Census Bureau, the percentage of Americans living in “extreme poverty” is now sitting at an all-time high.

#14 When Barack Obama first took office, an ounce of gold was going for about $850. Today an ounce of gold costs more than $1700 an ounce.

#15 Since Barack Obama became president, the size of the U.S. national debt has increased by 44 percent.

#16 During Barack Obama’s first two years in office, the U.S. government added more to the U.S. national debt than the first 100 U.S. Congresses combined.

#17 During the Obama administration, the U.S. government has accumulated more debt than it did from the time that George Washington took office to the time that Bill Clinton took office.

#18 The U.S. national debt has been increasing by an average of more than 4 billion dollars per day since the beginning of the Obama administration.

When evaluating the health of the American economy, short-term economic numbers don’t tell the whole story. Sometimes they go up and sometimes they do down.

Instead, the key is to look at the long-term balance sheet numbers. When you do that, it quickly becomes apparent how appalling our economic decline has been.

The size of federal government debt is exploding, state and local governments all over the country are drowning in debt, our collective national wealth is decreasing and our ability to produce new wealth is also being reduced as our economic infrastructure is systematically gutted.

We proved we weren’t racist four years ago, now let’s prove we’re not completely stupid. Vote for Mitt Romney in November.

Until next time . . . Wake Up America!

Kevin A. Lehmann

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  1. 7 Comment(s)

  2. By Phil on Oct 5, 2012 | Reply

    When Obama was elected the economy was losing 750,000 jobs PER Month, the GDP was down about 11 percent-worst since the Great Depression, and the DOW was down over 70% from where it is now. George W. increased the federal debt by 4 trillion dollars, and left Obama with 2 unfunded wars and an unfunded Medicare Drug benefit. Blaming all those statistics on Obama is disgraceful.. You are a lunatic.

  3. By Kevin A. Lehmann on Oct 6, 2012 | Reply

    Phil, the facts speak for themselves. Then I guess we should credit Bush for killing Bin Laden, the only significant achievement of this traitorous imbecile that couldn’t lead a kid to candy, but could surely find his way to a late night party at Jayzee’s. Your celebrity-in-chief has been a complete failure and the biggest embarrassment that’s ever occupied the oval office.

  4. By John on Oct 13, 2012 | Reply

    This is a bunch of BS! The simple fact remains as Obama was elected we were already crashing into an unrecoverable recession caused by both party’s mismanaging banks, loans, Wall Street, etc. The cause of our recession is greedy assed politicians, when “WE THE PEOPLE” finally recognize how bad of a state our country is in, our USA will be owned by Chinese. We are being raped by upper class society to include kickbacks from ALL politicians. Simple case of lords and peasants you ignorant, ignorant people. Let’s do something now we are on the way out!!!!!!

  5. By Joe on Oct 19, 2012 | Reply

    All the jargon regarding the sorry state of affairs when Obama took office doesn’t hold water. Obama is the one that put the nation in debt with TRILLIONS in contributions to banks at near zero percent interest, ultimately devaluing the dollar and sending the U.S. economy on a nose dive. The money he authorized was not to help people but to rescue banks which pocketed it, making money even harder to get. The Obama administration has enriched those who like hoarding money, namely the banks. Unfortunately, it hasn’t helped the ones that needed it the most, those on whose backs the actual working parts of our economy depend.

  6. By Joe on Oct 19, 2012 | Reply

    Obama is clearly a leftist anti-Colonialist bent on bringing down America. What induces a gag reflex, however, is his preaching down to Christians and Jews regarding possible applications of scripture to government. I think I smell Sharia crap and it’s coming from Obama’s vicinity. It is a sickening thing to hear an American President pretend to be a theologian lecturing to his presumed idiot children. This guy’s an Islamic wild dog in Sharia approved sheep clothing.

  7. By Clausvons on Nov 4, 2012 | Reply

    Obama is doing a fabulous job! Just ask his boss, George Soros who visited the White House five times in the first five months of Barry’s first, and last, term of office. Soros and Barry have a common bond in their mutual desire to reduce the US to a second rate economic and military power. Two things stand between the Republic and Socialism: 1, a strong middle class, and 2, a strong small business base. Barry has done a great job in crippling both.

  8. By Steve on Jan 24, 2013 | Reply

    This is one of the funiest posts I’ve seen. Home values, Gas, Healthcare costs, gold. I think the writer forgot to blame the rain and what he didn’t get for his birthday as well.

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