70 Facts President Obama Doesn't Want You To Know

[Griswold]

70 Facts President Obama Doesn’t Want You To Know

http://www.yolohub.com/economy/70-facts-president-obama-doesnt-want...

$3.59 - When Barack Obama entered the White House, the average price of a gallon of gasoline was $1.85.  Today, it is$3.59.

61 - At this point the Federal Reserve is essentially monetizing much of the U.S. national debt.  For example, the Federal Reserve bought up approximately 61 percent of all government debt issued by the U.S. Treasury Department during 2011.

71 - Today, 71 percent of all small business owners believe that the U.S. economy is still in a recession.

93 - The United States now ranks 93rd in the world in income inequality.

95 - The middle class continues to shrink - 95 percent of the jobs lost during the last recession were middle class jobs.

107 - Each year, the average American must work 107 days just to make enough money to pay local, state and federal taxes.

[Jerseygal]

Good find, Gris.  These are the little known facts that just might be the tipping point for anyone still 'undecided' and a motivation for all of us to continue working in our own neighborhoods to elect the right people!

[RNhunter]

Yes yes, I can see three of these easily myself.

The Fed is monetizing our debt since there is no choice.  Simple math, a nerd like me would say.  Just 12 years ago when Clinton worked with the Republican Congress we had four years of profit, yes profit.  At $1500 billion a year Obama deficit being added, no one has the money to buy that much debt.  We talk about China - but the last I heard they are $1.1 trillion total.  Anyone believe  $1.1 trillion total is going to buy an added $1.5 trillion more each year?  So they become $4.1 trillion after two years of Obama?  Of course the Obama numbers are wrong.  Japan used to be the second biggest buyer, but clearly after the tsunami they have issues of their own.  This conclusion could also be reached by simple math - the numbers are too darn big,  But of course, the media will not tell us that.

Middle Class shrinks - yes "too big to fail" may have saved GM, but many Mom and Pop businesses who were selling GM were cancelled.  Too bad Middle Class.  In your families for two or three generations?  Get lost.  You were not too big to fail.  The two plazas nearest me went bankrupt and have less than half their stores occupied - when at times during the Bush years it was hard to find a vacant store near me.  I know.  I looked.  What is the American Dream?  Small business, which for some is owning your own store.  Obama worried about too big to fail saving government, unions, GM .... well.... from what I see the people taking the hit were the middle class .... the opposite of what he says.

Small business owners think we are still in a recession.  Of course.  The last I checked the Obama stimulus package it went to governments such as state and local and departments, and it also went to his union friends, particularly union workers.  My small business failed in the age of Obama.  My cut of the stimulus was 0.0% - the same cut most small businesses got in the age of Obama.  And as people lost jobs and homes due to Obama-nomics, we had fewer customers.  Imagine that.  People starving seem to buy less.  

So I can verify at least three of these and of course the gas thing is correct, so at least 4,  Yep.  I would say so far it seems quite on track.

[Robin]

This man can't possibly run on his record. Good post Griswold. Horrible to read, but still a list we need to read and pass on to everyone!