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)