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Federal Spending vs Jobs


Results thus far of the Obama presidency:

  • Two million private sector jobs have been lost.
  • Unemployment jumped from 7.8 to 9.2 percent with a simply terrible 2011 first-quarter economic growth rate of just 0.4 percent.
  • A record 1 in 7 Americans is on food stamps.
  • Gasoline prices more than doubled, from $1.83 to $3.74 per gallon.
  • National debt increased 35 percent, to $14.5 trillion, or $137,000 for each taxpayer.
  • National unfunded liabilities increased 47 percent, to $114.9 trillion, or a cool $1 million for each taxpayer (and this does not yet include Obamacare).
  • America is on the verge of losing its AAA credit rating.

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