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The Obama Economy, By The Numbers

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The Cold Hard Stats Behind Obamanomics

This week, the nation's economic indicators all started blinking red, signaling another failure of Obama's economic policies.

2002:
Last Year The Home Value Index Was As Low As It Is Now. (The Wall Street Journal, 5/31/11)
279:
Points The Dow Jones Industrial Average Dropped Yesterday. (Dow Jones, Accessed 6/1/11)
8:
Straight Months Home Prices Have Fallen. (MarketWatch, 5/31/11)
6.9:
Points The Institute For Supply Management's Index Of Manufacturing Fell In May. (The Washington Post, 6/1/11)
3.6:
Percent Decrease In Home Prices Over The Last Year. ( MarketWatch, 5/31/11)
$1.95:
Increase In The Price Of Gas Since Obama Took Office. ( Energy Information Administration, Accessed 6/1/11)
1.8:
Percent Rate Of Growth For The U.S. Economy, A "Surprisingly Weak" Rate. ( The New York Times, 5/31/11)

They join the rest of the Obama record and his painful legacy of debt, unemployment and despair.

$45.9 Trillion:
Total Federal Spending Proposed By Obama's FY2012 Budget Through 2021. (OMB, 2/14/11)
$26.3 Trillion:
Projected Federal Debt In 2020 Due To Obama's Binge Spending. (OMB, 2/14/11)
$14.3 Trillion:
Current National Debt. (U.S. Treasury Department, Accessed 06/1/11)
$10.9 Trillion:
Amount The Total Gross Federal Debt Will Increase By FY2021 According To Obama's FY2012 Budget. (OMB, 2/14/11)
$9.5 Trillion:
Cumulative Deficits Caused By President Obama's Proposed Budget, FY2012-2021. (CBO, April 2011)
$6.0 Trillion:
Total Interest Payments On The National Debt, FY2012-2021. (CBO, April 2011)
$3.7 Trillion:
Amount Added To The National Debt Since Obama Took Office. (U.S. Treasury Department, Accessed 6/1/11)
$2.5 Trillion:
True Cost Of ObamaCare Once Fully Implemented. (Sen. Max Baucus, Floor Remarks, 12/2/09)
$1.65 Trillion:
Projected Federal Deficit For FY2011 - Will Be The Largest In U.S. History. (OMB, 2/14/11)
$1.42 Trillion:
Federal Budget Deficit For FY2009 - Highest In U.S. History. (CBO, 10/7/10)
$1.29 Trillion:
Federal Budget Deficit For FY2010 - Second Highest In U.S. History. (CBO, 10/7/10)
$1.14 Trillion:
American Debt Held By China. (U.S. Treasury Department, Accessed 6/1/11)
$931 Billion:
Net Interest Payment On Our National Debt In 2021 Due To Obama's Budget. (CBO, April 2011)
$830 Billion:
Price Tag Of Obama's Failed Stimulus. (CBO, 5/25/11)
$575 Billion:
Amount Of Medicare Cuts In ObamaCare. ( CMS Chief Actuary Richard S. Foster, Memo, 4/22/10)
$569.2 Billion:
Amount Of Taxes In ObamaCare. ( Letter to Speaker Nancy Pelosi, 3/18/10)
$24 Billion:
Stimulus Funds Sent To Tax Cheats. (Government Accountability Office, April 2011)
$16 Billion:
Amount Obama Expects To Lost On Auto Bailouts. (Detroit News, 6/1/11)
$2.1 Billion:
Amount Treasury Doesn't Expect To Recover From Chrysler. (The Associated Press, 5/17/10)
44.6 Million:
Number Of Americans Receiving Food Stamps. (The Wall Street Journal, 5/31/11)
$18 Million:
Cost Of The Stimulus Website Recovery.org. (ABC News' "The Note" Blog, 7/8/09)
13.7 Million:
Unemployed Americans. (Bureau of Labor Statistics, 5/6/11)
8.6 Million:
Americans Working Part-Time For Economic Reasons. (Bureau of Labor Statistics, 5/6/11)
6.5 Million:
Number Of Properties Receiving Foreclosure Filings Since Obama Took Office. (RealtyTra Accessed 6/1/11)
5.8 Million:
Americans Unemployed For Longer Than 27 Weeks. (Bureau of Labor Statistics, 5/6/11)
3.8 Million:
Increase In The Number Of People Who Were In Poverty In 2009 Over 2008. (NPR, 9/16/10)
3.1 Million:
Number Of Workers Granted Waivers So That ObamaCare Would Not Outlaw Their Health Care Plan. (HHS.gov, Accessed 6/1/11)
1.8 Million:
Jobs Lost Since Obama's Stimulus Was Passed. (Bureau of Labor Statistics, Accessed 6/1/11)
1.3 Million:
Private Sector Jobs Lost Since Stimulus Was Passed. (Bureau of Labor Statistics, Accessed 6/1/11)
989,000:
Americans That Have Given Up Looking For Work. (Bureau of Labor Statistics, 5/6/11)
587,000:
Avoided Foreclosure Through HAMP, Obama Had Promised To Help As Many As Nine Million. (Dow Jones Newswire, 5/6/11; President Obama, Remarks In Mesa, AZ, 2/18/09)
89,000:
The Number Of Stimulus Checks Sent To Dead Or Incarcerated People. (The Wall Street Journal's Washington Wire" Blog, 10/7/10)
$46,000:
Your Share Of The National Debt. (U.S. Treasury Department Accessed 6/1/11); U.S. Census Bureau, Accessed 6/1/11)
38,000:
ADP Survey Of Private Sector Jobs Created In May. (NPR, 6/1/11)
23,000:
The Number Of Jobs Obama Knew His Drilling Moratorium Would Kill. (The Wall Street Journal, 8/21/10)
3,700:
Number Of Tax Deliquents Who Received Stimulus Funds. (Government Accountability Office, April 2011)
2020:
Year That Medicare's Trust Fund Will Be Exhausted. (CBO, March 18, 2011)
1,372:
Number Of Waivers Granted To Unions And Businesses So That ObamaCare Would Not Outlaw Their Health Care Plans. (HHS.gov, Accessed 6/1/11)
1,000:
Number Of Jobs Obama's NLRB Is Trying To Kill In South Carolina. (The Denver Post, 5/2/11)
80:
Percent Of Small Businesses That Could Be Forced To Change Health Care Plans As A Result Of ObamaCare. ( The Washington Post, 6/15/10)
79:
Percent Of Stimulus Funds For Wind, Solar And Geothermal Energy Projects That Went To Foreign Firms. (Investigating Reporting Workshop/ABC's World News Tonight/Watchdog Institute, 2/8/10)
73:
Percent Of Americans Disapprove Of Obama's Handling Of Gas Prices. (CNN Poll, 5/24-26/11)
70:
Rounds Of Golf Played By President Obama Since Taking Office. (CBS News' Mark Knoller's Twitter Feed, 5/30/11)
64:
Percent Of Americans Disapprove Of Obama's Handling Of The Budget Deficit. (CNN Poll,5/24-26/11)
58:
Percent Of Americans Disapprove Of Obama's Handling Of The Economy. (CNN Poll, 5/24-26/11)
44.8:
Top Tax Rate Under By 2014 Under Obama's FY2012 Budget. (The Washington Post, 5/16/11)
38.3:
Average Weeks That It Takes To Find A Job. (Bureau of Labor Statistics, 5/6/11)
37:
Percent Of Pre-Existing Home Sales In April That Were Distressed Properties. (San Francisco Chronicle, 5/20/11)
27:
Straight Months With Unemployment Rate Above 8 Percent. (Bureau of Labor Statistics, Accessed 6/1/11)
15.9:
Percent Of Workers Unemployed Or Underemployed. (Bureau of Labor Statistics, 5/6/11)
9.0:
Current Unemployment Rate. (Bureau of Labor Statistics, 5/6/11)
$1.95:
Increase In The Price Of Gas Since Obama Took Office. (Energy Information Administration, Accessed 6/1/11)
0:
Votes Obama's Budget Received In The Senate. (The Hill, 5/25/11)
0:
Other People Obama Will Have Left To Blame For The Failures Of His Economic Policies In 2012. (The American People, 11/6/12)

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