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Monday, September 3, 2012

Answering The Question-NO We Are Not Better Off Than 4 Years Ago

Yesterday Obama surrogates had a problem answering one simple question, "Are you better off than you were four years ago?  Since they could answer the question, i thought we would answer it on these pages.  The answer is a resounding NO and the evidence is below:
  • Jobs: Since President Obama Took Office, The Nation Has Lost 316,000 Jobs And The Unemployment Rate Has Remained Above Eight Percent For 42 Straight Months.(Bureau Of Labor Statistics, Accessed 9/3/12)
  • Unemployment: 23.6 Million Americans Are Either Unemployed, Underemployed Or Have Given Up Looking For Work. (Bureau Of Labor Statistics, Accessed 9/3/12)
  • Long-Term Unemployment: Since Obama Took Office, The Average Duration Of Unemployment Has Nearly Doubled From 19.8 Weeks To 38.8 Weeks. (Bureau Of Labor Statistics, Accessed 9/3/12)
  • Net Worth: “The Net Worth Of The American Family Has Fallen To Its Lowest Level In Two Decades.” (Ylan Q. Mui, “Fed: Americans’ Wealth Dropped 40 Percent,” The Washington Post , 6/11/12)
  • Median Household Income: “Real Median Household Income In March Was Down $4,300 Since Obama Took Office In January 2009 …” (Mike Dorning, “Obama Fails To Stem Middle-Class Slide He Blamed On Bush,” Bloomberg, 4/30/12)
  • Savings: 23.4 Percent Of Families Have No Savings At All, Up From 18.5 Percent In 2009. (Christine Dugas, “Recession Added Debt, Drained Families’ Savings,”USA Today, 5/12/12)
  • Government Assistance: “49.1%: Percent Of The Population That Lives In A Household Where At Least One Member Received Some Type Of Government Benefit In The First Quarter Of 2011.” (Phil Izzo, “Number Of The Week: Half Of U.S. Lives In Household Getting Benefits,” The Wall Street Journal’s “Real Time Economics,” 5/26/12)
  • Food Stamps: Since President Obama Took Office, The Number Of Americans Receiving Food Stamps Has Increased From 31.9 Million To 46.7 Million, A 46 Percent Increase. (Department Of Agriculture, 8/30/12)
  • Poverty: 97.3 Million Americans Now Qualify As Low-Income And Another 49.1 Million Are In Poverty; Together, 146.4 Million Americans Or 48 Percent Of The Population.(Hope Yen, “Census Shows 1 In 2 People Are Poor Or Low-Income,” The Associated Press, 12/15/11)
  • Food Prices: Since Obama Became President, The Monthly Price Of A Moderate-Cost Food Plan For A Family Of Four With Young Children Has Increased From $819.40 To $859.40. (“Official USDA Food Plans: Cost Of Food At Home At Four Levels, U.S. Average, January 2009,” USDA , 2/09; “Official USDA Food Plans: Cost Of Food At Home At Four Levels, U.S. Average, July 2012,” USDA, 7/12)
  • Gas Prices: Since Obama Took Office, The Average Price Per Gallon Of Gas Has More Than Doubled From $1.847 To $3.744. (“Gasoline And Diesel Fuel Update,” U.S. Energy And Information Administration, Accessed 9/3/12)
  • College Costs: Since President Obama Took Office, The Average Cost Of In-State Tuition At A Four Year College Has Risen From $6,585 To $8,244, A 25 Percent Increase. (“Trends In College Pricing 2009,” College Board, 2008; “Trends In College Pricing 2011,” College Board, 2011)
  • Health Care Premiums: Under Obama, The Average Cost Of Family Health Care Premiums Have Increased From $12,680 To $15,073. (“Employer Health Benefits, 2011 Annual Survey, Exhibit 1.11″ Kaiser Family Foundation, 2011)
  • Foreclosures: Currently 5.6 Million Residential Mortgages Are Either 30 Days Delinquent Or In Foreclosure. (Press Release, “LPS “First Look” Mortgage Report: July Month-End Data Shows Slight Decrease in Delinquencies,” Lender Processing Services, 8/29/12)
  • Negative Equity: As Of The Second Quarter Of 2012, 30.9 Percent – 15.3 Million – Of U.S. Homeowners With A Mortgage Are Underwater. (Stan Humphries, “Negative Equity Declines Slightly On The Back Of Modest Home Value Gains,” Zillow, 8/22/12)
Even Obama believes things aren't better than they were four years ago, as you can see in the video below....he is saying the same exact things he said in 2008. (if you cannot see video below please click here)


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