As the November 2012 presidential elections draw closer, voters will tire of excuses and begin to focus on the chilling facts that highlight the economic wasteland wrought by this administration’s policies. (Here are seven gathered by Wynton Hall at breitbart.com)
- Every fifth man in America is out of a job. Indeed, black male unemployment is now at the highest rate it has been since the U.S. government began collecting statistics on the subject in 1972. Just 59 percent of black men over the age of 20 are now working.
- Every seventh person you pass on the sidewalk now relies on food stamps.
- On the last day of President Bush's presidency, gas prices were $1.84 a gallon. Today under President Obama, the average price of a gallon of gas costs $3.94. (Much more in CA.)
- In 2006 and 2007, 90% of college graduates found a job. Under Obama, just 56% of college graduates are able to find a job.
- More than one in four U.S. homeowners are "under water" or owe more than their homes are worth, with many more foreclosures still to come.
- President Obama has increased the national debt more in three years than President Bush did in eight. Under Bush, the debt rose $4.899 trillion in eight years. In three years, Obama has exploded the debt by $4.939 trillion.
- A record number of Americans are no longer in the labor force. When the number of individuals who have stopped looking for a job and/or who are working part-time but desire full-time employment is included--a figure known as the "underemployment rate"--real unemployment stands at 19.1%.
As President Obama said in a speech a week ago, "In three years we’ve begun to see what change looks like."
Jim Littlejohn
Concerned Coastal Voters
Gualala, CA
