Obama’s “Economic Recovery” is Proven 100% Pure BULLSH*T in 9 Easy Charts
By now, most of us realize that the Obama “recovery” is a load of horse poop, right?
Look, if the economy was so good, like Obama and Hillary claim, it would not be the #1 issue during this election.
That’s just common sense.
However, for those few stragglers who are hanging on to the “hope and change” BS I have 9 charts that will school you on the truth about Obama and his craptacular economy.
From WND:
Student loans
The first chart tracks student loans, making it clear that as of the third quarter 1990, there were no outstanding student loans. At the beginning of the Obama administration, in the first quarter of 2009, student loans stood at $146.6 billion. From there, the graph rises steeply. By the fourth quarter 2015, the last quarter for which the Federal Reserve Bank of St. Louis charted the data, student loans had risen to $945.6 billion.
Food stamps
Under President Obama, the Supplemental Nutrition Assistance Program, or SNAP, commonly known as the “Food Stamps” program, has grown from $54.8 billion in 2009 to $69.4 billion in 2014.
Federal debt
The federal debt is projected to nearly double under President Obama, with the Federal Reserve Bank of St. Louis chart showing it has increased from $11.1 trillion in the first quarter 2009 to $18.9 trillion in the fourth quarter 2015.
Money printing
While Quantitative Easing, the Federal Reserve policy of printing money to buy U.S. Treasury Department-issued government debt, known among economists as QE, began under President George W. Bush, it took off under President Obama.
The Federal Reserve Bank of St. Louis chart shows the adjusted monetary base of the United States rose from $1.772 trillion on Jan. 14, 2009, to $3.996 trillion as of March 16, 2016.
Health insurance costs
Despite Obama’s promises that the implementation of Obamacare would lower health-care costs, the Federal Reserve Bank of St. Louis chart shows the Consumer Price Index, CPI, for medical care services has continued a straight-line increase since the passage of the Affordable Care Act.
Labor-force participation
The labor-force participation rate has fallen consistently under the Obama administration as an increasing percentage of those out of work and looking for work simply give up and quit looking. The labor-force participation rate has dropped from 65.7 percent in January 2009 to 62.9 percent in February 2016.
Business workforce share of income
The Bureau of Labor statistics measures labor’s share of the income produced by nonfarm employment, roughly described as employment in the business sector of the economy. The measure is often used to interpret “the worker’s share of the economy,” with a declining index interpreted as a measure of growing economic discontent among middle class employees.
Median family income
Real median household income in the United States has declined from a height of $57,357 in 2007 under President George W. Bush to $53,657 in 2014 under President Obama.
Home-ownership rate
Home ownership under Obamanomics has continued a straight-line decline that began with the collapse of the substandard real estate market during George W. Bush’s second term in office.
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Amy Moreno is a Published Author, Pug Lover & Game of Thrones Nerd. You can follow her on Twitter here and Facebook here.
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