And looking at reality vs hype, doesn’t the following show that the Stimulus made unemployment worse?
More from Moonbattery:
More from Moonbattery:
Via Gateway Pundit:
We estimate the Act created/saved 450 thousand government-sector jobs and destroyed/forestalled one million private sector jobs.
Notice the nosedive the manufacture of goods went into right after the Manchurian Moonbat took office.
Via Gateway Pundit, home ownership has reversed 23 years and counting:
Via Gateway Pundit, home prices have fallen as steeply as the Great Depression:
Via Moonbattery, this graph shows how many months the Obama Depression is lasting – it will takes more than 35 months to get back to pre-Obama employment numbers!
From Investors.com, note the inverse relation between government wasteful spending and jobs:
Via Gateway Pundit (click for full size):
Via Gateway Pundit, some hockey stick graphs:
Via Gateway Pundit:
From Weekly Standard:
An excellent, large infographic detailing Obama’s empty promises/campaign talk versus his actual economic results, via AoSHQ:
Via AoSHQ, the video version:
From The Fiscal Times:
Via PJ Media:
By Michael Ramirez:
Via The American:
3.8 percent in the fourth quarter of 2009, 3.9 percent in the first quarter of 2010, and 3.8 percent in the second quarter of 2010. But no 3 percent-plus quarters since then.
The first nine quarters of the Reagan Recovery, by contrast, looked like this: 5.1 percent, 9.3 percent, 8.1 percent, 8.5 percent, 8.0 percent, 7.1 percent, 3.9 percent, 3.3 percent, 3.8, percent, 3.4 percent. In fact, the Reagan Boom went from the first quarter of 1983 until the second quarter of 1986 without notching a sub-3 percent GDP quarter.
So, while the Reagan Recovery quickly made up for lost years of growth, not so much for the Obama Recovery
More on Obama vs Reagan from Economics One, the following three images:
From MJ Behind the Curtain:
Via The Enterprise Blog:
Immediately after taking office in 2009, Interior Secretary Ken Salazar, canceled 77 leases for oil and gas drilling in Utah.
The EPA announced new rules mandating the use of 36 billion gallons worth of renewable fuels (like ethanol) by 2020.
This summer President Obama needlessly instituted, not one, but two outright drilling bans in the Gulf of Mexico.
After rescinding his outright offshore drilling ban, President Obama has refused to issue any new drilling permits in the Gulf, a policy that the Energy Information Administration estimates will cut domestic offshore oil production by 13% this year
Interior Secretary Salazar announced that the eastern Gulf of Mexico, the Atlantic coast, and the Pacific coast will not be developed, effectively banning drilling in those areas for the next seven years;
The Environmental Protection Agency has announced new global warming regulations for oil refineries;
Interior Secretary Salazar announced new rules making it more difficult to develop energy resources on federal land.
Via AoSHQ, US Presidential rate-of-debt:
Via Doug Ross:
Via AoSHQ, the labor force is shrinking, and has been for a while, but not this rapidly – watch it drop precipitously under Obama:
$15.7 Trillion: Current National Debt ($ 15,724,907,364,995.04 ). (U.S. Treasury Department, Accessed 6/2/12)
$10.3 Trillion: Amount Obama’s FY2012 Budget Would Add To The Debt Through FY2022. (OMB, 2/13/12)
$5.10 Trillion: Added To The National Debt Since Obama Took Office. (U.S. Treasury Department, Accessed 6/2/12)
The Federal Reserve said the median net worth of families plunged by 39 percent in just three years, from $126,400 in 2007 to $77,300 in 2010. That puts Americans roughly on par with where they were in 1992.
one key economic data component has been quite good at predicting presidential elections, and that is consumer confidence. If the consumer confidence index is at 100 or higher, then the incumbent party is likely to win. If not, then the opposition party wins
The table above shows that consumer confidence levels correctly predicted the outcome in 9 of the past 11 presidential elections… The near-perfect predictive power of the consumer confidence index essentially says that at the time of voting, the single most important issue comes down to the economy. As James Carville once said, “it’s the economy, stupid!” Forget the tough talks on terrorism or the flowery talks of hope; voters are rewarding or punishing the incumbent on the economy.
via AoSHQ, Obama ‘recovery is worse than all other nations which also recently faced recession worst in world since 1970:
Above fleshed by by AP via AoSHQ.
Incomes have dropped more since the beginning of the recovery than they did during the recession itself
Yes, folks, the economy had already started to turn around in the quarter before President Obama took office. The healing had begun before the Stimulus package, and before he started propping the economy up with huge deficit spending.
Via I Bet Recall Obama Can Get More Likes Than The Barack Obama Page Facebook page:
Via AoSHQ, TRUE unemployment is 4 million fewer with jobs since he was sworn in:
Via Zero Hedge:
Via CNS News:
The number of Americans age 16 or older who decided not to work or even to seek a job increased by 8,332,000 to a record 88,839,000 in President Barack Obama’s first term, according to the Bureau of Labor Statistics.
At this pace, the U.S. won’t get back to full employment until 2022
From IBD, way to go Obamacare:
In the 10 previous recessions since the Great Depression, prior to this last recession, the economy recovered all jobs lost during the recession after an average of 25 months after the prior jobs peak (when the recession began), according to the records kept by the Federal Reserve Bank of Minneapolis. So the job effects of prior post Depression recessions have lasted an average of about 2 years. But under President Obama, by April, 2013, 64 months after the prior jobs peak, almost 5½ years, we still have not recovered all of the recession’s job losses. In April, 2013, there were an estimated 135.474 million American workers employed, still down about 2.6 million jobs from the prior peak of 138.056 million in January, 2008.
In the 10 post depression recessions before President Obama, the economy recovered the lost GDP during the recession within an average of 4.5 quarters after the recession started. But it took Obama’s recovery 16 quarters, or 4 years, to reach that point. Today, 21 quarters, or 5 plus years, after the recession started, the economy (real GDP) has grown just 3.2% above where it was when the recession started. By sharp contrast, at this point in the Reagan recovery, the economy had boomed by 18.6%, almost one fifth.
…real GDP growth under Obama has been the worst of any President in the last 60 years!
But it’s even worse than that. Obama’s real GDP growth has actually been less than half as much as the worst of any President in the last 60 years. In other words, even if you doubled actual GDP growth under President Obama, it would still be the worst record of any President in the last 60 years!
…the Census Bureau’s Current Population Survey show that real median household income declined by more than $4,500 during Obama’s first term, about 8%, meaning effectively that the middle class has lost annually the equivalent of one month’s pay under Obama.
…Poverty has soared under Obama, with the number of Americans in poverty increasing to the highest level in the more than 50 years that the Census Bureau has been tracking poverty. Over the last 5 years, the number in poverty has increased by nearly 31%, to 49.7 million, with the poverty rate climbing by over 30% to 16.1%.
From The Wall Street Journal:
From Zero Hedge:
For the entire U.S. workforce, employers have added far more part-time employees in 2013—averaging 93,000 a month, seasonally adjusted—than full-time workers, which have averaged 22,000. Last year the reverse was true, with employers adding 31,000 part-time workers monthly, compared with 171,000 full-time ones.
Federal Reserve Chairman Ben Bernanke acknowledged that Obamacare regulations have caused employers to hire part-time workers, rather than full-time employees, but refused to say if Congress should delay the law’s mandates.
Via Washington Post:
And a bunch of graphs of of 11 via Washington Post:
Via Fox News:
Stunningly, 96 percent of the net jobs added this year have been part-time jobs.
Via Dan Mitchell:
Via Dan Mitchell:
Via Dan Micthell:
Via Dan Mitchell:
Via Dan Mitchell:
See also more scary chart-fu (borrowed that term from AoSHQ) and etc, click on each of the linked titles for so much more:
Run the above video and watch the Dow Jones Index fall as a direct result of Obama opening his mouth and sharing his plans for America. Down 50 points by the end of the video!
In 20 years history of donations, Senator Barack Hussein Obama with just 4 years in the Senate managed to reach the top three biggest recipients of Fannie Mae and Freddie Mac!!!
And Obama and his cronies on energy prices:
Obama: High energy prices and sacrifice…
Obama’s Stephen Chu: Not a goal to get gas prices down
Obama: Electricity prices skyrocket
Stephen Chu: Boost gas prices to levels of Europe ($8 a gallon)
And via Moonbattery:
The market-clearing price for new 2015 capacity — almost all natural gas — was $136 per megawatt. That’s eight times higher than the price for 2012, which was just $16 per megawatt. In the mid-Atlantic area covering New Jersey, Delaware, Pennsylvania, and DC the new price is $167 per megawatt. For the northern Ohio territory served by FirstEnergy, the price is a shocking $357 per megawatt.
I don’t understand… With all his successes above, why do 57% disapprove of his handling of the economy?
They must be racists.