Stephen Green over at Vodkapundit has a frightening post worth repeating here. It’s called Obamanomics by the Numbers, but frankly, I’m tired of the references to Obama alone. I get that it’s political, and now that we’re in the election year, it will all be pinned on Obama. But let’s get real – we’re in this mess not only because of him, but because of the United States Congress. Last I checked, even though frayed, the Constitution still requires spending bills originate in the House of Representatives. In any event, here are the numbers for your
perusal admiration disgust:
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.