Doing The Math On Obama’s Economy

At BigGovernment.com, Wynton Hall has a devastating summary of economic news:

  1. 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.
  2. The real unemployment rate is a jaw-dropping 11 percent.
  3. Every fifth man you pass on your way to work is now out of work.
  4. College graduates are now 34% less likely to find a job under Obama than they were under President George W. Bush.
  5. Every seventh person you pass on the sidewalk now relies on food stamps.
  6. 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.
  7. Under President Barack Obama, every fifth child in America now lives in poverty.

Read the whole thing.

This, more than whoever the Republicans nominate for President, is what Obama will have to campaign against in 2012.

Rob Port is the editor of SayAnythingBlog.com. In 2011 he was a finalist for the Watch Dog of the Year from the Sam Adams Alliance and winner of the Americans For Prosperity Award for Online Excellence. In 2013 the Washington Post named SAB one of the nation's top state-based political blogs, and named Rob one of the state's best political reporters. He writes a weekly column for several North Dakota newspapers, and also serves as a policy fellow for the North Dakota Policy Council.

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  • igx

    They have to do some intelligent intervening in the economy and raise interest rates soon or this is going to be an epic disaster. 

    • A Citizen

      Obama and his country/economy killing policies are the epic disaster.

  • awfulorv

    Obama’s economically foolish policy of  squeezing the top 1% of taxpayers  for more  dollars, might be likened to a turkey breeder squeezing the snood, or wattles, of his birds to increase their weight. And just as likely to be successful.

  • awfulorv

    There have been hundreds of scholarly books written, from many perspectives, on the causes of the great depression of the thirties.   How it came to be, steps that were taken to reduce it’s impact, and how we were able to climb out of it.   During the last three years, which has found us in a similar economic downturn, I wonder if, during all those golf games, while lolling on the beaches of Hawaii, and elsewhere, attending  myriad political fund raisers, observing the New York skyline from Air Force One, attempting to ” Save an Olympics”, as Romney had, or did you think he wasn’t aware, even then, he’d be facing Mitt in the coming elections,   Has this Affirmative Action Con Man taken the time to read even one of those, possibly enlightening, books?  I think not, and that, in itself, is an Indictment of his flagrant dissing of the vows he swore to uphold, when taking that Presidential Oath.   And there are still idiots out there, Occupy Wall Street intellectuals and their ilk, who think he deserves another term?  

  • http://nofreelunch.areavoices.com/ Kevin Flanagan

    I doubt Obama ever took a math course; prove me wrong.

  • mickey_moussaoui

    It’s all by design. When you spend the majority of your formative years with people who hate America do you all of a sudden have a 180 degree turn of heart? Fuck no. Everything is working out according to his plan to “Change America”. The Democrat party enthusiastically embraces all who hate America. Why would Obama go against his core supporters? Get real.

  • awfulorv

    Consider the spot we’d be in if Obama was one half as smart,  focused, and tough, as the MSM portrayed him to be. And, if he’d used his first two years of, nearly complete, power to consolidate a totalitarian Gov., instead of bowing, and weaving, with the worlds leaders, introducing himself as the New Sheriff in town. Instead of emphatically giving that Churchill bust back, and mauling the Queen in the process, He could have spent his time administering oaths of allegiance, to him personally, as most dictators have done,  from the thousands of new hires, the Armed forces, teachers, union members, Blacks, the film industry, and the like. I’ll bet Bill Ayers and his true Commie supporters are bewildered at the time spent pointing out to Jesse how he, not even eligible to do so, became POTUS and ” Aint I just grand for having done so”.  Whoop De Do!  His loss, our gain, unless we’re stupid enough to give him another chance, that is.

  • banjo kid

    When Jimmy Carter lost to Reagan I went out and partied , I will do the same if Obama loses the 2012 election , but boys and girls we can summarize all we choose to but the reality is that he may well pull off another term.  We can not have a split in the election we need to do this while holding our nose or we will have Obama for four more tedious years, go to the polls and I don’t care who is on the republican ticket pull the lever for him or her . Those that bash the nominee will be aiding and abetting Obama in his election to a second term. Those that stay at home will also be voting for Obama no matter how you slice it .

  • Hal906

    Those numbers are an effective and accurate way to sum up the horrific Obama record.  Notice there is no liberal defense because it is so damning.

  • WOOF

    Who is the man, whose brothers threw him into a pit ?
    Whose name is not spoken ?
    You know who.

  • http://realitybasedbob.sayanythingblog.com/ realitybasedbob

    If BigGovernment.com, Wynton Hall, had costed out bush’s wars, his Medicare Part D, and the bush tax cuts ($1,560,272,000,000.00) in his fuzzy math and divided that by days in the year, he’d have discovered bushco is costing us $4,274,717,808.00 per day.

    • Guest

      How much would be saved without obama’s bailout of GM, Chrysler, Solyndra, Suncore, Beacon, funding the Muslim Brotherhood, Moochele’s vacations, his vacations, supporting his mother in law while she lives in the White House?

  • http://realitybasedbob.sayanythingblog.com/ realitybasedbob

    Well, to be perfectly actuate, America’s guest, it was bush who first bailed out GM.
    I suppose we should in all fairness, include the bush bank and auto bail outs into those numbers.
    Boy oh boy, that bush fellow was certainly bad for America, huh.

    WASHINGTON — The emergency bailout of General Motors and Chrysler
    announced by President Bush on Friday gives the companies a few months
    to get their businesses in order, but hands off to President-elect
    Barack Obama the difficult political task of ruling on their future.

    The plan pumps $13.4 billion by mid-January into the companies…

    …In February, another $4 billion will be available for G.M. if the rest of the $700 billion bailout package has been released.

    Even before the March 31 deadline, it might fall to the Obama administration to persuade Congress to release the second $350 billion of the Treasury Department’s huge financial system stabilization program — a request that the Bush administration is reluctant to make.

    http://www.nytimes.com/2008/12/20/business/20auto.html?pagewanted=all

    • Guest

      Since obama has more than matched the debt that was run up by previous administrations, I can’t wait to see how much you bad mouth him.
      Boy oh boy, this obama clown really is bad for America, huh.

      • http://realitybasedbob.sayanythingblog.com/ realitybasedbob

        If by clown you mean the guy left to fill in the enormous hole bush left us in, then yes.

        • Guest

          Fill in the hole?? You must be blind along with being dumb. That hole has been dug deeper and deeper by obama. There will be no fix to damage done by the clown known as obama.

        • Guest

          Thanks for confirming that obama has severely damaged the country and will continue to do so until he’s out of office. Try not to vote for an enemy of America next time. No need to apologize, you can fall back on your stupidity as your reason.

    • JustRuss

      You do realize that conservatives dislike GWB for exactly these reasons? He was a decent President for the first 5 years. Most of his decisions after that were way to the left and influenced by his skull-n-bones buddies.

  • http://proof-proofpositive.blogspot.com/ Proof

    “This, more than whoever the Republicans nominate for President, is what Obama will have to campaign against in 2012.” I don’t believe that Obama can or would run on his record, therefore, he has to run against whichever Republican is put up against him.

    He has nothing to run on, but fear itself.

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