The following are 24 stats that show just how much Obama has royally messed up our economy….
#1 Under Bill Clinton, the average unemployment rate was 5.2 percent. Under George W. Bush, the average unemployment rate was 5.3 percent. Under Barack Obama, things have been much worse. The month after he took office the unemployment rate rose above 8 percent and it has stayed there ever since.
#2 Under Barack Obama, the velocity of money (a very important indicator of economic health) has plunged to a post-World War II low.
#3 Real median household income has decreased by more than 4000 dollars since Barack Obama entered the White House.
#4 The United States has plenty of oil and we should not have to import it from the Middle East. Unfortunately, Barack Obama has an absolutely nightmarish energy policy. Under Bill Clinton, the number of drilling permits approved rose by 58 percent. Under George W. Bush, the number of drilling permits approved rose by 116 percent. Under Barack Obama, the number of drilling permits approved decreased by 36 percent.
#5 When Barack Obama took office, the average price of a gallon of gasoline was $1.85. Today, the average price of a gallon of gasoline is $3.71.
#6 Under Barack Obama, the United States has lost more than 300,000 education jobs.
#7 Since Barack Obama became president, the number of long-term unemployed Americans has risen from 2.7 million to 5.2 million.
#8 For the first time in the post-World War II era, the employment-population ratio has not bounced back after a recession. The percentage of working age Americans with a job has been below 59 percent for 35 months in a row.
#9 While Barack Obama has been president, U.S. home values have fallen by another 12 percent.
#10 More than three times as many new homes were sold in the United States in 2005 as will be sold in 2012.
#11 Electricity bills in the United States have risen faster than the overall rate of inflation for five years in a row. Thanks Obama.
#12 When Barack Obama first entered the White House, an ounce of gold was going for about $850. Today, the price of gold is over $1630 an ounce.
#13 Since 2008, our economy has lost 1.3 million jobs while at the same time 3.6 million more Americans have been added to Social Security’s disability insurance program.
#14 The number of Americans on food stamps has grown from 31.9 million when Barack Obama took office to 46.4 million today. How much more “hope and change” are we going to be able to endure?
#15 As I wrote about the other day, it is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.
#16 If you can believe it (and this really is hard to believe), more than half of all Americans are now at least partially financially dependent on the government.
#17 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.
#18 Under Barack Obama, federal spending as a percentage of GDP (25 percent) is the highest that it has been since World War II.
#19 The Obama administration has been spending money on some of the most insane things imaginable. For example, in 2011 the Obama administration spent $592,527 on a study that sought to figure out once and for all why chimpanzees throw poop.
#20 The U.S. government has run a budget deficit of well over a trillion dollars every single year under Barack Obama.
#21 Under Barack Obama, U.S. debt was downgraded from AAA status for the first time ever.
#22 Since Barack Obama took office, the U.S. national debt has increased by 50 percent.
#23 Since Barack Obama became president, the U.S. national debt has increased by an average of more than $64,000 per taxpayer.
#24 During the Obama administration, the U.S. national debt has grown more than it did from the time that George Washington became president to the beginning of Bill Clinton’s second term as president.