Obama's Failing Record: The Numbers Do Not Lie

Following President Barack Obama's self-congratulatory State of the Union address, Rep. Dave Camp (R-MI), chair of the House Ways and Means Committee, produced a simple chart that tells the real story of the Obama administration:

America Before President Obama Took Office and Now









































































 



Before



Now



Change



Number of Unemployed1



12.0 Million



13.1 Million



+9%



Long-Term Unemployed2



2.7 Million



5.6 Million



+107%



Unemployment Rate3



7.8%



8.5%



+9%



“High Unemployment” States4



22



43



+95%



Misery Index5



7.83



11.46



+46%



Price of Gas6



$1.85



$3.39



+83%



“Typical” Monthly Family Food Cost7



$974



$1,013



+4%



Median Value of Single-Family Home8



$196,600



$169,100



-14%



Rate of Mortgage Delinquencies9



6.62%



10.23%



+55%



U.S. National Debt10



$10.6 Trillion



$15.2 Trillion



+43%





For more, and for references, visit the House Ways and Means Committee website here.

Comments

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“Every Asian market outside Sri Lanka retreated after Federal Reserve Chairman Ben S. Bernanke yesterday said a premature withdrawal of quantitative easing would put the U.S. economic recovery at risk,” Jonathan Burgos reports. What does this say about the US and, in particular, the policies of the Federal Open Market Committee, which are pretty much identical?

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