20 Ways The Economy Has Gotten Worse Since Barack Obama Became President

It seems that the hope and change idea has not worked out so well for Obama, or the country, unfortunately. And before you start yelling it is all Bush’s fault, the article below does not exactly describe Bush in glowing terms either. The fact is that we are in trouble as a nation, and need strong leadership, quick action and ideas NOW, not promises made by both parties to alledgely resolve them sometime after the 2012 election. Here’s some excerpts from the article:

Jun. 7, 2011, 1:26 PM

By almost any measure that you can think of, the U.S. economy has gotten worse since Barack Obama became president. Unemployment is higher, the cost of food and gas are skyrocketing, the number of Americans living in poverty has spiked dramatically, the housing market is in nightmarish shape and our national debt has absolutely exploded.

Barack Obama is proving to be one of the worst presidents in all of U.S. history. Perhaps when it is all said and done he will be recognized as the absolute worst. Not that George W. Bush was much different. In fact, the Republican Party will not regain much credibility with the American people until it admits that George W. Bush was an absolutely horrible president.

The following are 20 ways that the U.S. economy has gotten even worse since Barack Obama became president.…

(Note: This is a partial list of the 20 ways from the article. To read more, go to the source.)

The unemployment rate has risen to 9.1% since January 2009 when it was 7.6%

The number of "long-term unemployed" in the U.S. is up to 6.2 million. When Obama took office, that number was approximately 2.6 million

The average price of a gallon of gas is $3.79
When Barack Obama first became president, the average price of a gallon of gasoline in the United States was $1.83. This also effects the price of almost everything else we buy.

Today there are more than 44 million Americans on food stamps
When Barack Obama was sworn in, there were nearly 32 million Americans on food stamps.

The number of children living in poverty has gone up by about 2 million in just the past 2 years

During Obama's first 2 years in office, the U.S. government added more to the U.S. national debt than the first 100 U.S. Congresses combined

Only 66.8% of American men had a job last year. That is the lowest level recorded in all of U.S. history

In 2010, more than a million U.S. families lost their homes to foreclosure. That number is expected to go even higher in 2011

The Chinese are rapidly dumping U.S. government debt. Faith in the U.S. dollar and in U.S. Treasuries is rapidly declining

61% of Americans believe that they will not return to their "pre-recession" lifestyles until at least 2014

source

where the hell was gas for $1.83 when bush was in?

still wondering on the second line.

Things have certainly gotten worse under his watch, iIdidnt vote for Barry, but I did vote for Bush and I am going to saddle some of this on his arse as well as Ole Slick Willy(Clinton)

Anyone who believes this mess is entirely Barrys fault is 100% delusional. I truly believe Barry had a grenade dropped in his lap after the pin was pulled by Bush and his people.

To be fair to Bush, Clinton pretty much had a gun to jr's head the day he took office.

They are all worthless

Originally posted by sempul
where the hell was gas for $1.83 when bush was in?

still wondering on the second line.

They prob found the lowest gas staion in the country and took that number. I do know i was paying $2.15 at the time in california. it was nice

Originally posted by sempul
where the hell was gas for $1.83 when bush was in?

still wondering on the second line.

Check the chart on this article from 2008: Gas was at $1.50 per gallon at the start of 2004 and then went up to around $2.00 per gallon in 2004. Note that these are national averages. Prices can be higher or lower (as we all know) depending upon your location.


source

reply to post by manta78


Underlying all of those miserable statistics is the general uncertainty and lack of confidence about the fundamental economic direction of the administration. At campaign rallys with middle class voters its all about hitting the rich and wealth distribution, then the tax cuts are extended. At meetings with Bankers, its all about predatory lending and poor quality mortgages, then the administration, via the DOJ looks to push banks into making significantly more sub-prime loans because minorities are not getting credit.

He gets up and trumpets financial system reform and the massive accomplishments he's made in that space, yet has done nothing to monitor, let alone regulate the derivatives markets, the inherent conflict of interest with respect to the ratings agencies nor anything to improve the transparency of debt instruments.

He bemoans the deficit, claiming it is a problem but that the (failed) stimulus was necessary but that we really need to get serious about it, then advocates for $billions of investment in green energy (GE) jobs and free college tuition.

He makes health care reform his center piece, first shooting for single payer and then moving to this individual mandate. Next day he begins to approve thousands of waivers, some to entire states, exempting them from the program.

The entire business is incoherent. The campaign has never ended and this is what happens when you not only make conflicting promises to every pressure group, but also give the Executive Branch marching orders to implement those conflicting policies. After the fact, none of it makes any sense and confusion reigns.

When confusion reigns in the private sector companies sit on $billions of cash because they have no idea how policy decisions will impact their investments either in terms of hiring or making capital purchases. There is no business credit available because the confusion makes it impossible for business lenders to assess the credit risk of borrowers.

He is a typical under qualified, poor executive. The crisis is what ever he was talking about in the previous briefing. When everything is a priority, absolutely nothing is a priority. Anyone who has managed even a small team with operational, policy or process responsibilities knows that.

Oh thats right, he never had a job where he was responsible for doing anything but handing out spiff to ward bosses and pressure groups in Chicago. Makes perfect sense now.

For the smartest President we have had in 50 years, he sure as hell is a very slow learner.

Obama created the boom going on in other countries.

Obama has the highest profits for Corporations in US History. Foreign sales are ROCKING and share holders of those companies are making a killing.

Obama helped Palau. They were supposed to be set free in September 2009 and receive their last $20 million check from us. Obama gave them $250 million and free money until 2043. Woo Hoo!

Obama's helped China more than any US President. Those first ships out of Libya with oil went to China.

Obama's been helping the former Soviet Nations. All the Japanese ATV's and motorcycles Americans normally bought are now going to those former Soviet countries along with other goods to buy them as our new friends and change the world. Russia is mad...they can't get into the "WTO" scam and are mad their former territory is getting better off than them.

Obama's helped Cuba and they are now buying crap like mad since the trade embargo is over.

Obama's dumped Billions into other countries just building new US Embassy's over seas. Giving those people jobs to be his friends.

Obama's going to have a nice nest egg in many off-shore nations when his job is over.

He's helped everyone else in the world....just not Americans.

Did you know Obama's let China start flying to Guam? Used to be your #1 military base/island......now the Chinese are making regular flights there....no longer a strategic asset.

Obama's building a new super base in the Philippines....giving them billions for jobs for construction.

Obama's the worlds dream man....he's throwing money all over at the world.

Here's a new video released by PBS:

Will President Obama run against a Republican in 2012, or the state of the U.S. economy? David Chalian, Judy Woodruff and Gwen Ifill discuss that question in light of new polling numbers showing that six in 10 Americans have a negative opinion of President Obama's handling of the economy.

Uploaded by PBSNewsHour on Jun 7, 2011