As the Presidential campaign season begins, it is important to reflect on President Obama accomplishments after his first two years. Rather than rehash all his achievements and failures, a simple chart can be more effective in telling the story.
Compared to President Bush, President Obama’s annual budget deficit is 7.5 percentage points worse on average. Under Obama, average monthly unemployment is 4.1 percentage points higher than unemployment under President Bush. Average monthly housing starts are 66% lower under Obama. Average annual food stamp participation has increased 63% from 22.7 million to 37.0 million. In January 2001, when President Bush took office, the monthly participation rate was 17.2 million. By January 2011, food stamp particpation reached a high of 44.2 million under President Obama.
President Obama, the first American President to win a Nobel Peace Prize for “hope” rather than any substantive accomplishments, also added another conflict to the two he inherited from his predecessor.
Under President Obama, daily crude oil prices have been 41% higher on average and the average weekly retail gasoline price has been 25% higher than prices during the Bush administration.
Do you miss President Bush yet?