Your Obama reelection cheat sheet

Your Obama reelection cheat sheet

• How about a job?  About 15 million Americans of working age have no job and are looking for work. 
  
• Every fifth man in America is out of a job. 

• Fewer Jobs.  There are 5.5 million fewer jobs right now than there were when Obama was inaugurated.

• Employment Levels.  Employment has been below the pre-recession peak for over 50 consecutive months.

• U3 Unemployment Stats.  This is the 8.2% figure quoted by Obama for last month.  This counts only people who have applied for a job in the previous four weeks.

• U6 Unemployment Stats.  This figure counts the number of people who have applied for jobs in the previous 6 weeks.  It also includes people who are working in part-time jobs who want to work full time.  The U6 unemployment rate is now around 15%

• College Graduates   In 2007 90% of all college graduates found a job.  Today that figure is 56%. 

• Nearly 87 million Americans are NOT in the labor force. 

• Dropping Out.  Since Obama was sworn in about 3 million people have dropped out of the jobs market.  These people are no longer even bothering to look for a job.  If they were still in the market – still hopeful – the unemployment rate would be about 10.8%.

• Economic Growth after Great Depression.  In 1934, 35 and 36 our economy grew at 11%, 9% and 13%.  Economic growth in 2010 was 3%.  In 2011 it was 1.7%.  This year we’re running between 2 and 3%.

• Ethnic Jobless Rates.  For young workers 20 to 24 the unemployment rate is 13%.  For Hispanic teenagers it’s 30.5%.  For black teenagers it’s 37.9%.

• Private Sector Hiring.  Through June of 2011 private sector hiring was 10 times slower after the passage of ObamaCare than it was in the 16 months prior to ObamaCare. 

• New Businesses.  We need 1 million new businesses every year to sustain growth.  We’re running about 400,000 right now.

• Layoffs and Hiring.  In the first months of 2012 layoffs have risen 18% from a year ago.  Hiring plans have dropped 82%.

• Per Capita Income.  In May of 2008 per capita income in the U.S. was at $37,752.  It’s now at $37,606.  Adjust this for inflation and you have $36,641 in 2008 dropping to $32,600 now.  This is the first time since the 1930s that inflation-adjusted incomes have decreased in America. 

• Welfare  Over $1 trillion spent on government entitlement programs in the last two years.

• Welfare Increase  A 5,500% jump in means tested welfare since 1970. 

• Welfare percentage  Over ½ of households in America have someone receiving entitlement checks. 

• Food Stamps  Under Obama food stamp use has increased by 41%.

• Every 7^th person you pass on the sidewalk is on food stamps.

• EBT Cards   The increase in the use of EBT cards is 135%.