33 Shocking Facts Which Show How Badly The Economy Has Tanked Since Obama Became President

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					33 Shocking Facts Which Show How Badly The
Economy Has Tanked Since Obama Became
President
Michael Snyder
Economic Collapse
August 21, 2013

Barack Obama has been running
around the country taking credit for an
“economic recovery”, but the truth is
that things have not gotten better
under Obama.
Compared to when he first took office, a
smaller percentage of the working age
population is employed, the quality of our
jobs has declined substantially and the
middle class has been absolutely
shredded. If we are really in the middle
of an “economic recovery”, why is the
homeownership rate the lowest that it has
been in 18 years? Why has the number of
Americans on food stamps increased by
nearly 50 percent while Obama has been
in the White House? Why has the national debt gotten more than 6 trillion dollars larger during the
Obama era? Obama should not be “taking credit” for anything when it comes to the economy. In fact,
he should be deeply apologizing to the American people.
And of course Obama is being delusional if he thinks that he is actually “running the economy”. The
Federal Reserve has far more power over the U.S. economy and the U.S. financial system than he
does. But the mainstream media loves to fixate on the presidency, so presidents always get far too
much credit or far too much blame for economic conditions.
But if you do want to focus on “the change” that has taken place since Barack Obama entered the
White House, there is no way in the world that you can claim that things have actually gotten better
during that time frame. The cold, hard reality of the matter is that the U.S. economy has been steadily
declining for over a decade, and this decline has continued while Obama has been living at 1600
Pennsylvania Avenue.
It is getting very tiring listening to Obama supporters try to claim that Obama has improved the
economy. That is a false claim that is not even remotely close to reality. The following are 33
shocking facts which show how badly the U.S. economy has tanked since Obama became president…
#1 When Barack Obama entered the White House, 60.6 percent of working age Americans had a job.
Today, only 58.7 percent of working age Americans have a job.
#2 Since Obama has been president, seven out of every eight jobsthat have been “created” in the U.S.
economy have been part-time jobs.
                                                              #3 The number of full-time workers in the
                                                              United States is still nearly 6 million
                                                              below the old record that was set back in
                                                              2007.
                                                              #4 It is hard to believe, but an astounding 53
                                                              percent of all American workers now make
                                                              less than $30,000 a year.
                                                              #5 40 percent of all workers in the United
                                                              States actually make less than what a full-
                                                              time minimum wage worker made back in
                                                              1968.
                                                              #6 When the Obama era began, the average
                                                              duration of unemployment in this country
was 19.8 weeks. Today, it is 36.6 weeks.
#7 During the first four years of Obama, the number of Americans “not in the labor force” soared by an
astounding 8,332,000. That far exceeds any previous four year total.
#8 According to the U.S. Census Bureau, the middle class is taking home a smaller share of the overall
income pie than has ever been recorded before.
#9 When Obama was elected, the homeownership rate in the United States was 67.5 percent. Today, it
is 65.0 percent. That is the lowest that it has been in 18 years.
#10 When Obama entered the White House, the mortgage delinquency rate was 7.85 percent. Today, it
is 9.72 percent.
#11 In 2008, the U.S. trade deficit with China was 268 billion dollars. Last year, it was 315 billion
dollars.
#12 When Obama first became president, 12.5 million Americans had manufacturing jobs. Today,
only 11.9 million Americans have manufacturing jobs.
#13 Median household income in America has fallen for four consecutive years. Overall, it has
declined by over $4000 during that time span.
#14 The poverty rate has shot up to 16.1 percent. That is actually higher than when the War on Poverty
began in 1965.
#15 During Obama’s first term, the number of Americans on food stamps increased by an average of
about 11,000 per day.
#16 When Barack Obama entered the White House, there were about 32 million Americans on food
stamps. Today, there are more than 47 million Americans on food stamps.
#17 At this point, more than a million public school students in the United States are homeless. This is
the first time that has ever happened in our history. That number has risen by 57 percent since the
2006-2007 school year.
#18 When Barack Obama took office, the average price of a gallon of regular gasoline was $1.85.
Today, it is $3.53.
#19 Electricity bills in the United States have risen faster than the overall rate of inflation for five years
in a row.
#20 Health insurance costs have risen by 29 percent since Barack Obama became president, and
Obamacare is going to make things far worse.
#21 The United States has fallen in the global economic competitiveness rankings compiled by the
World Economic Forum for four years in a row.
#22 According to economist Tim Kane, the following is how the number of startup jobs per 1000
Americans breaks down by presidential administration…
Bush Sr.: 11.3
Clinton: 11.2
Bush Jr.: 10.8
Obama: 7.8
#23 In 2008, that total amount of student loan debt in this country was 440 billion dollars. At this
point, it has shot up to about a trillion dollars.
#24 According to one recent survey, 76 percent of all Americans are living paycheck to paycheck.
#25 During Obama’s first term, the number of Americans collecting federal disability insurance rose by
more than 18 percent.
#26 The total amount of money that the federal government gives directly to the American people has
grown by 32 percent since Barack Obama became president.
#27 According to the Survey of Income and Program Participation conducted by the U.S. Census, well
over 100 million Americans are enrolled in at least one welfare program run by the federal government.
#28 As I wrote about the other day, American households are now receiving more money directly from
the federal government than they are paying to the government in taxes.
#29 Under Barack Obama, the velocity of money (a very important indicator of economic health) has
plunged to a post-World War II low.
#30 At the end of 2008, the Federal Reserve held $475.9 billion worth of U.S. Treasury bonds. Today,
Fed holdings of U.S. Treasury bonds have skyrocketed past the 2 trillion dollar mark.
#31 When Barack Obama was first elected, the U.S. debt to GDP ratio was under 70 percent. Today, it
is up to 101 percent.
#32 During Obama’s first term, the federal government accumulated more new debt than it did
under the first 42 U.S presidents combined.
#33 When you break it down, the amount of new debt accumulated by the U.S. government during
Obama’s first term comes to approximately$50,521 for every single household in the United States.
Are you able to pay your share?
The Obama Deception The Truth About Barry Soetoro AKA Barack Obama VIDEO BELOW
http://www.youtube.com/watch?v=eAaQNACwaLw

Fall of the Republic Obama's Final Destruction Of America VIDEO BELOW
http://www.youtube.com/watch?v=VebOTc-7shU

                    INFOWARS.COM
   BECAUSE THERE'S A WAR ON FOR YOUR MIND

				
DOCUMENT INFO
Description: Barack Obama has been running around the country taking credit for an “economic recovery”, but the truth is that things have not gotten better under Obama.
About I'M AN AMERICAN PATRIOT TRYING WARN THE AMERICAN PEOPLE AND TO SAVE MY COUNTRY FROM THIS EVIL THAT HAS HIJACKED IT. THIS EVIL IS COMMITTING CRIMES AROUND THE WORLD IN MY COUNTRIES NAME AND I'M HERE TO EXPOSE IT AND TRY TO STOP IT.THIS EVIL IS CALLED THE NEW WORLD ORDER. ITS A COLLECTION OF VERY INFLUENTIAL BANKSTERS. LIKE THE FEDERAL RESERVE SYSTEM. WHICH IS NOT FEDERAL ITS A PRIVATE BAKING CARTEL THAT HAS DESTROYED AMERICA'S CONSTITUTIONAL REPUBLIC.THROUGH THEIR DEBT BASED MONEY SYSTEM THAT HAS CORRUPTED OUR POLITICIANS AND HAS TURNED THE REPUBLIC OF THE UNITED STATES INTO A EMPIRE. AN EMPIRE THROUGH WAR AND OTHER MEANS THAT MURDERS INNOCENT PEOPLE AROUND THE WORLD. I'M HERE TO SAY I AS AN AMERICAN DO NOT AGREE WITH THIS EVIL THAT HAS HIJACKED MY COUNTRY.I WANT PEACE THROUGH LOVE NOT PEACE THROUGH FORCE. I WANT THE TROOPS HOME WITH THEIR FAMILIES NOT IN SOMEONE ELSE'S COUNTRY. AS FOR ME AND MANY OTHER AMERICANS WE FEEL THIS WAY.IF YOU ARE READING THIS AND ARE APART OF THIS EVIL I'M TALKING TO YOU. YOU'VE BETTER REPENT. CHOOSE THE SIDE OF TRUTH AND JUSTICE EXPOSE THIS EVIL BEFORE ITS TO LATE.DON'T FORGET YOU AND YOU'RE KIDS HAVE TO LIVE IN THE WORLD YOU CREATE. SO THE QUESTION IS WHAT WORLD WILL YOU HELP CREATE. A GOOD WORLD FOR THE HUMAN FAMILY OR THE CURRENT WORLD WE SEE FORMING YOU DECIDE. IF YOU ARE IN A POSITION OF POWER DO WHATS RIGHT TO SAVE HUMANITY FROM THIS EVIL. REMEMBER IF THIS EVIL COMPLETELY TAKES OVER THE ONES WHO HELPED THIS EVIL ARE THE FIRST TO BE BETRAYED AND KILLED BY THIS EVIL. OUT OF FEAR YOU MIGHT BETRAY THEM. LIKE YOU BETRAYED US ********************************************************** NOTE SINCE HYPERLINKS NOT ACTIVE ON THIS WEBSITE DOWNLOAD PDF DOCUMENT FREE THEN HYPERLINKS WILL BE CLICKABLE ON YOU'RE COMPUTER ********************************************************** I HAVE A MESSAGE FOR THE NEW WORLD ORDER.YOU WILL NOT GET AWAY WITH WHAT YOU'VE DONE TO HUMANITY.THE SLEEPING GIANT THAT IS HUMANITY IS WAKING UP ALSO YOU OR ANY ONE ELSE CAN NEVER STOP THIS INFORMATION FROM COMING OUT THEIR ARE MILLIONS OF US POSTING EVERYTHING EVERYWHERE ALL AROUND THE WORLD. RESISTANCE TO COMPLETE HUMAN FREEDOM FROM YOUR EVIL CLUTCHES IS FUTILE! WE CAN NOT BE STOPPED WE WILL NOT STOP UNTIL HUMANITY IS FREE FROM YOUR EVIL.THIS WILL HAPPEN BY THE GRACE OF THE ALMIGHTY GOD IT WILL HAPPEN WE WANT TO BE FREE THE WAY NATURE INTENDED. N.W.O YOU AND YOUR MINIONS WILL BE BROUGHT TO JUSTICE.HUMANITY WILL BE YOUR JUDGE. JAIL OR DEATH IS YOUR FUTURE FOR YOUR CRIMES AGAINST HUMANITY. ********************************************************** I HAVE SWORN UPON THE ALTAR OF GOD ETERNAL HOSTILITY AGAINST EVERY FORM OF TYRANNY OVER THE MIND OF MAN (THOMAS JEFFERSON) ********************************************************** RESISTANCE TO TYRANTS IS OBEDIENCE TO GOD (THOMAS JEFFERSON) ********************************************************** HE WHO PASSIVELY ACCEPTS EVIL IS AS MUCH INVOLVED IN IT AS HE WHO HELPS TO PERPETRATE IT. HE WHO ACCEPTS EVIL WITHOUT PROTESTING AGAINST IT IS REALLY COOPERATING WITH IT. MARTIN LUTHER KING, JR. ********************************************************** A FOOT NOTE ON THE FEDERAL RESERVE BUT FIRST A QUESTION HAVE YOU EVEN HEARD OF THE FEDERAL RESERVE IN SCHOOL OR IN LIFE AND EVEN IF YOU DID HEAR ABOUT IT HOW MUCH DO YOU KNOW MY GUESS NOT A WHOLE LOT AND THAT’S THE POINT THE SYSTEM DOESN'T WANT YOU TO KNOW ABOUT IT BECAUSE THEY ARE THE REAL CONTROLLERS OF GOVERNMENT BEHIND THE SCENES THEY BRIBE OUR POLITICIANS WITH MONEY LUSH BONUSES AND POLITICAL FAVORS TO VOTE A CERTAIN WAY AND IN DOING SO THEY HAVE CORRUPTED OUR SYSTEM OF GOVERNMENT IT DOESN'T MATTER WHO YOU ELECT OR WHO YOU KICK OUT OF OFFICE WE DON'T GET TO VOTE OUT THE FEDERAL RESERVE IT WILL STILL BE THERE THAT’S WHY NOTHING CHANGES FOR THE BETTER NO MATTER WHO IS ELECTED THE FED HAS GOT TO BE AUDITED AND ABOLISHED ASAP IF WE AS A COUNTRY REALLY WANT TO PROSPER ENDING THE FEDS MONEY MONOPOLY HAS TO BE A PRIORITY FOR THE AMERICAN PEOPLE THE FED DESTROYS WEALTH YOU LEND THEM 50 BUCKS THEY'LL GIVE YOU 30 BACK THEY'RE CROOKS THEY'RE LOAN SHARKS THEY CHARGE US INTEREST ON OUR OWN MONEY WHEN WE CAN CREATE DEBT FREE MONEY BACKED BY SILVER LINCOLN DID IT SO DID JFK WITH EXECUTIVE ORDER 11110 LOOK IT UP SO IF THE U.S ECONOMY COLLAPSES IT WILL BE BECAUSE OF THE FEDERAL RESERVE IF YOU HAVE LOST YOUR JOB YOUR HOUSE OR CAR OR ANYTHING IMPORTANT TO YOU BECAUSE OF THE STATE OF THE ECONOMY IT IS BECAUSE OF THE FEDERAL RESERVE SYSTEM BECAUSE THIS IS THE ECONOMY THEY THE FEDERAL RESERVE HAVE CREATED AND HAVING DONE SO THEY HAVE ENSLAVED THE AMERICAN PEOPLE AND HUMANITY WITH INSTITUTIONS LIKE THE FEDERAL RESERVE ,IMF ,THE WORLD BANK ETC..THESE SYSTEMS HAVE DESTROYED LIVES AND COUNTRY’S ALL AROUND THE WORLD THROUGH THIS DEBT BASED MONEY SYSTEM THEY BAILOUT THERE BUDDY’S ON WALL STREET AND THE TAX PAYERS PICK UP THE BILL THIS IS UNFAIR THE SYSTEM IS RIGGED ON PURPOSE TO DESTROY SOCIETY SO THEY CAN PROFIT OFF OUR MISERY THE FEDERAL RESERVE IS A PRIVATE BANKING CARTEL THAT ONLY SEEKS PROFIT AND GAIN AND CONTROL OVER GOVERNMENT TO PUSH THERE OWN AGENDA REGARDLESS OF HUMAN LOSS THIS SYSTEM IS THE REASON FOR OUR FINANCIAL DIFFICULTIES IN THE UNITED STATES IN THE 100 YEARS OF THEIR EXISTENCE THEY HAVE LOOTED WE THE AMERICAN PEOPLE OF OUR WEALTH THEY PRINT EXCESSIVE AMOUNTS OF MONEY WHICH IN TURN IT STEALS THE VALUE FROM THE MONEY ALREADY IN EXISTENCE AND PUT IT INTO THE ECONOMY CAUSING INFLATION SO WHEN YOU GO GET GASOLINE,CLOTHES,YOU GET LESS AND PAY MORE WHEN YOU GO FOOD SHOPPING YOU PAY MORE AND GET LESS FOOD SO THE FEDERAL RESERVE IS LITERALLY TAKING FOOD OUT OF YOU’RE MOUTH AND YOU'RE FAMILY’S MOUTHS AND THEY ALSO PUT YOU IN A STATE OF STRESS THAT YOU WOULD'VE NOT BEEN IN IF THE FEDERAL RESERVE DIDN'T EXIST JUST THINK ABOUT THAT... THINK OF THE EVIL OF THAT AND THEY THE FEDERAL RESERVE KNOWS THIS AND THEY DON'T CARE THEY PROFIT OFF OF WARS,DEATH,MISERY,AND THE SUFFERING OF HUMANITY GO TO YOUTUBE TYPE IN THE FEDERAL RESERVE TO SEE THE TRUTH FOR YOU’RE SELVES THIS SYSTEM HAS TO BE ABOLISHED SOONER RATHER THEN LATER END THE FED!!!!!!!! AND THE WORLD WOULD BE A BETTER PLACE GO HERE  AUDITTHEFED.COM SIGN THE PETITION COPY & PASTE TO YOU'RE SEARCH BAR AND CONTACT YOU'RE CONGRESSPERSON LET THEM KNOW YOU WANT THE FED AUDITED COPY PASTE THIS MOVIE FIAT EMPIRE: WHY THE FEDERAL RESERVE VIOLATES THE U.S. CONSTITUTION  TO YOU'RE SEARCH OR TO YOUTUBE WATCH IT TO KNOW THE TRUTH ABOUT THE FEDERAL RESERVE'S DEBT MAFIA AND HOW THEY'VE DESTROYED AMERICA'S WEALTH THROUGH DEBT. END THE FED!!!!!! EndGame Blue Print to Global Enslavement VIDEO BELOW http://www.youtube.com/watch?v=x-CrNlilZho&ob=av3e Terror Storm A History Of Government False Flag Terror VIDEO BELOW http://www.youtube.com/watch?v=vrXgLhkv21Y