Obama: Do You Agree We've Had Enough of Him? Message Board - Msg: 28296830

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Politics : Obama: Do You Agree We've Had Enough of Him?

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To: Kenneth E. Phillipps who wrote (139397)	7/27/2012 1:10:11 PM
From: JakeStraw	4 Recommendations of 156182

The results of Obamanomics Since Obama was sworn in, the unemployment rate has never been below 7.8%. It has been 8% or higher for 41 straight months. Last month, at least 5.3 million Americans had been without jobs for more than six months. When Obama took office, only 2.6 million had gone jobless for more than half a year. Today about 30% of the unemployed have been looking for work for a year or more. If the millions who have stopped looking for work because they can't find any were still counted, the real unemployment number would be closer to 17%. GDP: The economy grew a meager 1.9% annualized in the second quarter, down from 2.2% in the first quarter. It grew only 1.7% for all of 2011. The federal debt rose more during Obama's first 38 months in office — a bit more than $5 trillion — than it did under all eight years of George W. Bush. The CBO says Obama's policies will add an additional $6.4 trillion over the next decade.Auto bailouts: Obama hijacked a legal bankruptcy by automakers to "save" the industry. GM and Chrysler are still in business. But GM's stock has fallen to its lowest level since the bailout IPO. The company's sinking value could cost taxpayers $23 billion. Food stamps: A record 14.8% of the country — 46 million Americans — are in the program, well above the 9.3% during George W. Bush's final year in office and far in excess of the 1970-2000 average of 7.9%.

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