June 2, 2011

The Obama Economy By The Numbers

The Cold Hard Stats Behind Obamanomics
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THIS WEEK, THE NATION’S ECONOMIC INDICATORS ALL STARTED BLINKING RED,
SIGNALING ANOTHER FAILURE OF OBAMA’S ECONOMIC POLICIES
2002: Last Year The Home Value Index Was As Low As It Is Now. (The Wall Street Journal,
5/31/11)

279: Points The Dow Jones Industrial Average Dropped Yesterday. (Dow Jones, Accessed
6/1/11)

8: Straight Months Home Prices Have Fallen. (MarketWatch, 5/31/11)

6.9: Points The Institute For Supply Management’s Index Of Manufacturing Fell In
May. (The Washington Post, 6/1/11)
3.6: Percent Decrease In Home Prices Over The Last Year. (MarketWatch, 5/31/11)
$1.95: Increase In The Price Of Gas Since Obama Took Office. (Energy Information Administration,
Accessed 6/1/11)

1.8: Percent Rate Of Growth For The U.S. Economy, A “Surprisingly Weak” Rate.
(The New York Times, 5/31/11)

THEY JOIN THE REST OF THE OBAMA RECORD AND HIS PAINFUL LEGACY OF DEBT,
UNEMPLOYMENT AND DESPAIR
$45.9 Trillion: Total Federal Spending Proposed By Obama’s FY2012 Budget Through 2021.
(OMB, 2/14/11)

$26.3 Trillion: Projected Federal Debt In 2020 Due To Obama’s Binge Spending. (OMB, 2/14/11)
$14.3 Trillion: Current National Debt. (U.S. Treasury Department, Accessed 06/1/11)
$10.9 Trillion: Amount The Total Gross Federal Debt Will Increase By FY2021 According To
Obama’s FY2012 Budget. (OMB, 2/14/11)
$9.5 Trillion: Cumulative Deficits Caused By President Obama’s Proposed Budget, FY2012-
2021. (CBO, April 2011)

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 $6.0 Trillion: Total Interest Payments On The National Debt, FY2012-2021. (CBO, April 2011)
$3.7 Trillion: Amount Added To The National Debt Since Obama Took Office. (U.S. Treasury
Department, Accessed 6/1/11)

$2.5 Trillion: True Cost Of ObamaCare Once Fully Implemented. (Sen. Max Baucus, Floor Remarks, 12/2/09)
$1.65 Trillion: Projected Federal Deficit For FY2011 – Will Be The Largest In U.S. History.
(OMB, 2/14/11)

$1.42 Trillion: Federal Budget Deficit For FY2009 – Highest In U.S. History. (CBO, 10/7/10)
$1.29 Trillion: Federal Budget Deficit For FY2010 – Second Highest In U.S. History. (CBO, 10/7/10)
$1.14 Trillion: American Debt Held By China. (U.S. Treasury Department, Accessed 6/1/11)
$931 Billion: Net Interest Payment On Our National Debt In 2021 Due To Obama’s
Budget. (CBO, April 2011)
$830 Billion: Price Tag Of Obama’s Failed Stimulus. (CBO, 5/25/11)
$575 Billion: Amount Of Medicare Cuts In ObamaCare. (CMS Chief Actuary Richard S. Foster, Memo, 4/22/10)
$569.2 Billion: Amount Of Taxes In ObamaCare. (Letter to Speaker Nancy Pelosi, 3/18/10)
$24 Billion: Stimulus Funds Sent To Tax Cheats. (Government Accountability Office, April 2011)
$16 Billion: Amount Obama Expects To Lost On Auto Bailouts. (Detroit News, 6/1/11)
$2.1 Billion: Amount Treasury Doesn’t Expect To Recover From Chrysler. (The Associated Press,
5/17/10)

44.6 Million: Number Of Americans Receiving Food Stamps. (The Wall Street Journal, 5/31/11)
$18 Million: Cost Of The Stimulus Website Recovery.org. (ABC News’ “The Note“ Blog, 7/8/09)
13.7 Million: Unemployed Americans. (Bureau of Labor Statistics, 5/6/11)
8.6 Million: Americans Working Part-Time For Economic Reasons. (Bureau of Labor Statistics, 5/6/11)
6.5 Million: Number Of Properties Receiving Foreclosure Filings Since Obama Took Office.
(RealtyTrac, Accessed 6/1/11)

5.8 Million: Americans Unemployed For Longer Than 27 Weeks. (Bureau of Labor Statistics, 5/6/11)
3.8 Million: Increase In The Number Of People Who Were In Poverty In 2009 Over
2008. (NPR, 9/16/10)
3.1 Million: Number Of Workers Granted Waivers So That ObamaCare Would Not Outlaw
Their Health Care Plan. (HHS.gov, Accessed 6/1/11)
1.8 Million: Jobs Lost Since Obama’s Stimulus Was Passed. (Bureau of Labor Statistics, Accessed 6/1/11)
1.3 Million: Private Sector Jobs Lost Since Stimulus Was Passed. (Bureau of Labor Statistics, Accessed
6/1/11)

989,000: Americans That Have Given Up Looking For Work. (Bureau of Labor Statistics, 5/6/11)
587,000: Avoided Foreclosure Through HAMP, Obama Had Promised To Help As Many
As Nine Million. (Dow Jones Newswire, 5/6/11; President Obama, Remarks In Mesa, AZ, 2/18/09)
89,000: The Number Of Stimulus Checks Sent To Dead Or Incarcerated People. (The Wall
Street Journal's Washington Wire" Blog, 10/7/10)

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$46,000: Your Share Of The National Debt. (U.S. Treasury Department Accessed 6/1/11; U.S. Census Bureau,
Accessed 6/1/11)

38,000: ADP Survey Of Private Sector Jobs Created In May. (NPR, 6/1/11)
23,000: The Number Of Jobs Obama Knew His Drilling Moratorium Would Kill. (The Wall
Street Journal, 8/21/10)

3,700: Number Of Tax Delinquents Who Received Stimulus Funds. (Government Accountability
Office, April 2011)

2020: Year That Medicare’s Trust Fund Will Be Exhausted. (CBO, March 18, 2011)
1,372: Number Of Waivers Granted To Unions And Businesses So That ObamaCare
Would Not Outlaw Their Health Care Plans. (HHS.gov, Accessed 6/1/11)
1,000: Number Of Jobs Obama’s NLRB Is Trying To Kill In South Carolina. (The Denver Post,
5/2/11)

80: Percent Of Small Businesses That Could Be Forced To Change Health Care
Plans As A Result Of ObamaCare. (The Washington Post, 6/15/10)
79: Percent Of Stimulus Funds For Wind, Solar And Geothermal Energy Projects
That Went To Foreign Firms. (Investigating Reporting Workshop/ABC’s World News Tonight/Watchdog
Institute, 2/8/10)

73: Percent Of Americans Disapprove Of Obama’s Handling Of Gas Prices. (CNN Poll,
5/24-26/11)

70: Rounds Of Golf Played By President Obama Since Taking Office. (CBS News' Mark
Knoller’s Twitter Feed, 5/30/11)

64: Percent Of Americans Disapprove Of Obama’s Handling Of The Budget Deficit.

(CNN Poll, 5/24-26/11)

58: Percent Of Americans Disapprove Of Obama’s Handling Of The Economy. (CNN

Poll, 5/24-26/11)

44.8: Top Tax Rate Under By 2014 Under Obama’s FY2012 Budget. (The Washington Post,
5/16/11)

38.3: Average Weeks That It Takes To Find A Job. (Bureau of Labor Statistics, 5/6/11)
37: Percent Of Pre-Existing Home Sales In April That Were Distressed Properties.
(San Francisco Chronicle, 5/20/11)

27: Straight Months With Unemployment Rate Above 8 Percent. (Bureau of Labor Statistics,
Accessed 6/1/11)

15.9: Percent Of Workers Unemployed Or Underemployed. (Bureau of Labor Statistics, 5/6/11)

9.0: Unemployment Rate. (Bureau of Labor Statistics, 5/6/11)

0: Votes Obama’s Budget Received In The Senate. (The Hill, 5/25/11)
0: Other People Obama Will Have Left To Blame For The Failures Of His
Economic Policies In 2012. (The American People, 11/6/12)

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