Sleep Tight
Obamanomics, by the numbers:
Every day, the U.S. government takes in $6 billion and spends $10 billion. This means that every day the federal government spends $4 billion more dollars than it has.
The real unemployment rate is a jaw-dropping 11 percent.
Every fifth man you pass on your way to work is now out of work.
College graduates are now 34% less likely to find a job under Obama than they were under President George W. Bush.
Every seventh person you pass on the sidewalk now relies on food stamps.
The ravages of the Obama economy now mean that more Americans live under the federal poverty line than at any time in U.S. history since records have been kept.
Under President Barack Obama, every fifth child in America now lives in poverty.
Read the whole thing — if you dare.
(H/T, Rob Port)
The real unemployment rate is a jaw-dropping 11 percent.
Every fifth man you pass on your way to work is now out of work.
Math (or at least the definition of their statistics) Fail. Since the people who reasonably could be working but are not is at about 23% – see http://www.shadowstats.com/alternate_data/unemployment-charts – (you know, the way people who aren’t politicians or their pet hack economists would define unemployment) the second reference is more accurate.
Thank you. I saw the same thing and cringed.
I wonder how much unemployment is currently being caused by lack of motivation to look for a job due to there being no end of unemployment benefits in sight? (other than when the country finally goes bankrupt of course).
“These are not partisan jabs, manufactured statistics, or ideological swipes. These are mathematical facts. And the presidential candidate who can most clearly and credibly articulate them—and their concomitant solutions—is bound to win.”
Yeah, but don’t count out the possibility that the Stupid Party does something stupid.
This post is raaaaacist because it doesn’t acknowledge that Obama has prevented the Apocalypse. Or it’s reality. According to some of my lefty friends, it’s the same thing.
Since blogger does’t seem to track back very well…here’s my lame attempt at doing so:
http://thevailspot.blogspot.com/2011/12/obamanomics.html
I new things were bad…my wife can’t find full time work in the metro Baltimore area…and I know that here, construction and light manufacturing unemployment rates for men are very high (40% or so)…since I’m a cabinetmaker building crates…because there’s just no work to be had. What bothers me if the false inflation statistics the government are publishing…food costs have risen 20%, while gasoline has risen almost 80%…but the government insists that “true inflation rates are below 4%”…who the F*ck are they kidding?
I’ve not been able to find any current data on what the real inflation rate is…though I susptect that it’s above 15%…can anyone point me in the right direction?
Rich, you’ve put your finger on something I’ve been meaning to blog about.
We measure consumer inflation with a “basketful” of typical consumer goods. If we still measured inflation the way we did in 1980, when it was over 13%, it would be over 10%. Well over. What happened? Well, Big Government decided that “volatile” items like food & gas shouldn’t be included — and never you mind that inflation is supposed to be a measure of price volatility.
You simply can’t trust the numbers coming out of Washington, and that goes for both parties.
all numbers from the government have been toyed with so much they don’t show what they really should show. if you added the rate of inflation on stuff normal people buy ..with the increase in government burden for higher fees and taxes.. we would scream. then add the decrease in value of the dollar do to printing money. bah..i am long term unemployed and in an area where it is only chain companies doing hiring at minimum wage..they want nothing to do with a guy in his 30′s
Sadly, there is a large group who think we can make up that $4 billion/day deficit by taxing rich people more, no matter how many facts they are confronted with.
Upside: Bo the dog is really racking up the frequent (sole) flier miles!
Yanno, if I were the RNC, I’d make that into a campaign ad.
Those like me, who are a bit cynical, might wonder if the Republicans would have done any better, but…it’s undeniable the the Democrats messed up big time.
At least the Republicans would probably have done a bit to reign in the EPA and similar agencies. Or maybe not. Sigh. It WAS NOT Obama who signed in the bill banning incandescents in increments. (First they take the 100 watts… then the 75 watts…)
Sigh. We need a FISCAL conservative as our next President, to even begin to slow the damage. And I don’t see that happening.
Please watch Newt’s speeches. He is a fiscal conservative.
“2012:VICTORY OR DEATH” – “MICHIGAN MUST CHANGE OR DIE” – “STRONG AMERICA NOW” – “POLK COUNTY GOP DINNER” – on YouTube.
Let us give our children and grandchildren the freedom and chance for prosperity that George Washington and so many other Americans gave us. Think about what they sacrificed for our sake. Let’s make our government responsive to the will of the American people. Let’s make government smaller and the people bigger. Let’s bring manufacturing back to America and continuous improvement into government.
Watch Newt’s speeches to see how he suggests we can do all these things.
You don’t have to sigh. We have a real chance with Newt to turn back to the road of Freedom and a fighting chance in life.
I doubt every fifth man I pass on the way to work is unemployed. Where would they be going so early? More likely they’re the neighbors sitting on the porch drinking and conversinrg loudly until the wee morning hours and sound asleep while I’m scraping ice off my windows in the morning.
You can get a pretty good idea of the real inflation rate by following the price of gold. Unlike oil and food its price is not affected much by fluxuations in supply, and since its main demand is as an inflation hedge, it reflects inflation fears pretty well. I think by the gold standard the real inflation rate is close to 10%.