In 2008, Obama said: “If I don’t have this(economy turned around) in 3 years, then this is going to be a one term proposition” and; There is too much of a sense of hopelessness in this country, we can not afford to lose a generation to poverty.
Three years later the poverty rate, which was 12.9% when obama took office, is now 14.7%.
In 2008, Obama said; “When we are losing jobs month after month our economy is not strong, We need change” When Obama took office the U3 unemployment rate was 7.3%, the U6 was 12.8%. Today the U3 unemployment rate is 9.2%, the U6 is 17.9%.
In 2009, Obama said; “I want to get going on things that will create jobs right now” Between that speech and now the Country has LOST 2,400,000 jobs according to the BLS. Add to that the fact that during the same period the labor participation rate has dropped by 4.1%, meaning that if participation rate were the same as it was when Obama took office then the U3 rate would be 11.8%, and the U6 would be 20.3%.
In 2008, Obama said; “Since 2001 when GWB took office average American families have seen their household income drop by $2,000.00.” According to the IRs, the average American family has seen their income drop by $4,154 in Obama’s first 30 months in office.
In 2009, Obama said; “My health care plan will bend the cost curve down for the average American family. They will see their health care costs decrease” The average family health care plan in March 2009 was $12,380, The average family health care plan in 2011 is $15,677.
In January 2009, Obama said; “My economic recovery plan will create 3.5 million new jobs”(later changed to created or saved). The total number of people employed in Jan.2009 was 142,201,000, in July 2011, 139,206,000.
In February 2009, Obama said; “My economic plan will not allow inflation to rise above 2%. Inflation rate Feb. 2009 was 0.03%, the Inflation rate in July 2011, is 3.77%.
In Dec. 2008, Obama said; “imagine a president like me, raised by a single mom who had to take food stamps once in a while”. Food stamp usage Dec. 2008, 31.1 million recipients. Food stamp recipients in August 2011 45.4 million recipients.
Mar. 16, 2006, Obama said; “
By any standard you choose, indeed by his own standards, Obama’s policies have failed miserably. It is time to follow the sage advice of one Barack Hussein Obama who famously said on February 2, 2009 in a Today show interview with Matt Lauer; “If will be held accountable, if in three years I don’t have this done, it will be a one term proposition”
Good Bye Barack.
No comments:
Post a Comment