Are You Better Off Today Than Four Years Ago?
09/05/2012 16 Comments
Here is the Obama Administration’s answers to that critical questions that has Obama in a panic:
Here is an assessments by the Investors Business Daily: Investor’s Business Daily: Better Off? Let’s Count the Ways We’re Not.
By most measures the country isn’t making slow progress; it’s falling further behind. Some examples:
- Median incomes: These have fallen 7.3% since Obama took office, which translates into an average of $4,000. Since the so-called recovery started, median incomes continued to fall, dropping $2,544, or 4.8%.
- Long-term unemployed: More than three years into Obama’s recovery, 811,000 more still fall into this category than when the recession ended.
- Poverty: The poverty rate climbed to 15.1% in 2010, up from 14.3% in 2009, and economists think it may have hit 15.7% last year, highest since the 1960s.
- Food stamps: There are 11.8 million more people on food stamps since Obama’s recovery started.
- Disability: More than 1 million workers have been added to Social Security’s disability program in the last three years.
- Gas prices: A gallon of gas cost $1.89 when Obama was sworn in. By June 2009, the price was $2.70. Today, it’s $3.84.
- Misery Index: When Obama took office, the combination of unemployment and inflation stood at 7.83. Today it’s 9.71.
- Union membership: Even unions are worse off under Obama, with membership dropping half a million between 2009 and 2011.
- Debt: Everyone is far worse off if you just look at the national debt. It has climbed more than $5 trillion under Obama, crossing $16 trillion for the first time on Tuesday and driving the U.S. credit rating down.
- Ironically, the only people better off under Obama are corporate chieftains, who’ve seen corporate profits climb more than 50% under Obama’s “recovery,” and investors, who’ve benefited from a near-doubling in the Dow industrials from its March 2009 lows.
Given this record, we can only hope Obama doesn’t have the chance to get a “complete” on his plans. And then there is this:
Now, lets hear from the people who really count the voters who read this blog: Are you better off? Why?