Conservative Talking Points sees the first four years of the Obama administration as a complete failure for our country, but a devious and planned downward start for his ‘Fundamental Transformation’ that he spoke of five days before the 2008 presidential election.
Government Spending and Debt Explosion
· Obama Has Now Increased Debt More than All Presidents from George Washington Through George H.W. Bush Combined. (Source: CNS News – October 2011)
· Since Barack Obama was sworn in, the share of the national debt per household has increased by $35,835. (Source: CNS News – October 2011)
· The USA took its first sovereign debt downgrade for the first time in American history. (Source: Wall Street Journal – Sep 2011)
· Federal debt (67% of GDP) at highest level since just after World War II. (Source: Wall Street Journal – Sep 2011)
· Budget deficit (10% of GDP) at highest level since World War II. (Source: Wall Street Journal – Sep 2011)
Employment Disaster
· Only 58.1% of the population are working which is the lowest since 1983. (Source: Wall Street Journal – Sep 2011)
· Long-term unemployment of 45.9% is the highest since the 1930s. (Source: Wall Street Journal – Sep 2011)
· The failed trillion dollar stimulus bill cost an incredible $280,000 per job "created or saved". (Source: Wall Street Journal – Sep 2011).
· Nearly 50% of grads over the last five years are unemployed or underemployed according to a Rutgers University study. (Source: New York Daily News – May 2012)
· The teen unemployment rate in Washington D.C. right now is 51.7%. (Source: Economic Policy Journal – June 2012)
Housing Industry
· The home ownership rate of 59.7% is the lowest since 1965. (Source: Wall Street Journal – Sep 2011)
· As of May 2012 home prices in the U.S. have declined for six months in a row and are now down a total of 35 percent from the peak of the housing bubble. (Source: SmartMoney.com – May 2012)
Economic Health
· When Obama won the election in 2008 there were 30.8 million Americans on food stamps. In the summer of 2012 more than 46 million Americans were on food stamps, which is a 50% increase!!! (Source: USDA – July 2012)
· The average American family's net worth dropped almost 40% between 2007 and 2010, according to a triennial study released by the Federal Reserve. (Source: CNN – June 2012)
· The government dependency level of 47%, defined as the percentage of people receiving a federal payment, is at the highest level in American history. (Source: Wall Street Journal – Sep 2011)
Foreign Relations
· The terrorist backing group ‘Muslim Brotherhood’ has taken over Egypt, is courting Libya and is stalking Syria. (Source: UK Telegraph – July 2012)
· Obama has not visited Israel since he became President. Why is that? (Source: CNN – July 2012)
· Approval of Obama’s international policies has dropped from 78%to 63% in Europe; from 34% to 15% in Muslim Countries; from 40% to 22% in Russia; and from 57%to 27% in China, reports the Pew Global Attitudes Project. (Source: Politico – June 2012)