The Math of Obamanomics

Russ Steele

Wynton Hall at Big Government has the numbers on Obamanomics:

  • Every day, the U.S. government takes in $6 billion and spends $10 billion. This means that every day the federal government spends $4 billion more dollars than it has.
  • The real unemployment rate is a jaw-dropping 11 percent.
  • Every fifth man you pass on your way to work is now out of work.
  • College graduates are now 34% less likely to find a job under Obama than they were under President George W. Bush.
  • Every seventh person you pass on the sidewalk now relies on food stamps.
  • Under President Barack Obama, every fifth child in America now lives in poverty.

The ravages of the Obama economy now mean that more Americans live under the federal poverty line than at any time in U.S. history since records have been kept.

Is this is the Hope and Change that the American Electorate voted for?  Let’s hope they do not make the same mistake in 2012!

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About Russ Steele
Freelance writer and climate change blogger. Russ spent twenty years in the Air Force as a navigator specializing in electronics warfare and digital systems. After his service he was employed for sixteen years as concept developer for TRW, an aerospace and automotive company, and then was CEO of a non-profit Internet provider for 18 months. Russ's articles have appeared in Comstock's Business, Capitol Journal, Trailer Life, Monitoring Times, and Idaho Magazine.

2 Responses to The Math of Obamanomics

  1. gjrebane says:

    * The real unemployment rate is a jaw-dropping 11 percent.
    * Every fifth man you pass on your way to work is now out of work.

    This is curious mathematics indeed. But can we blame it all on Obama who just provided us the “jaw-dropping 11 percent”, and really had nothing to do with the interesting route you choose to take to work that yields the “every fifth man” statistic?

    • Russ says:

      I think the 11% is way low because the number of people who have left the work force, many who are now working the underground economy to get by. They just do not show up in the numbers. I heard a statistic that more men are out of work than women. Both would be considered in the 11% number.

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