37 Statistics Which Show How Four Years Of Obama Have Wrecked The U.S. Economy
Mens News Daily.com – Michael Snyder – 1/21/2013
Michael Snyder is the editor of The Economic Collapse Blog
CLICK THE LINK ABOVE THE THE COMPLETE LIST OF 37 WAYS THE OBAMA ADMINISTRATION CONTINUES ITS ASSAULT ON EVERY DAY AMERICANS.
The mainstream media covered the inauguration of Barack Obama with breathless anticipation on Monday, but should we really be celebrating another four years of Obama? The truth is that the first four years of Obama were an absolute train wreck for the
economy. Over the past four
years, the percentage of working age Americans with a job has fallen, median
household income has declined by more than $4000, poverty in the U.S. has
absolutely exploded and our national debt has ballooned to ridiculous
Of course all of the blame for the nightmarish performance of the economy should not go to Obama alone. Certainly much of what we are experiencing today is the direct result of decades of very foolish decisions by Congress and previous presidential administrations.
And of course the Federal Reserve has more influence over the economy than anyone else does. But Barack Obama steadfastly refuses to criticize anything that the Federal Reserve has done and he even nominated Ben Bernanke for another term as Fed Chairman despite his horrific track record of failure, so at a minimum Barack Obama must be considered to be complicit in the Fed's very foolish policies.
Despite what the Obama administration tells us, the
economy has been in decline for a very long time, and that decline has
accelerated in many ways over the past four years. Just consider the statistics
that I have compiled below. The following are 37 statistics which show how four
years of Obama have wrecked the U.S.
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