The following are 40 statistics that will absolutely shock you....
#1 During the time Barack Obama has been in the White House, median household income has fallen
by 7.3 percent.
#2 Back in 2007,
19.2 percent of all American families had a net worth of zero or less than zero. By 2010, that figure had soared to
32.5 percent.
#3 According to the Federal Reserve, the median net worth of American families dropped "from $126,400 in 2007 to $77,300 in 2010".
#6 The unemployment rate in the United States has been above 8 percent for 42 straight months.
#7 The percentage of working age Americans with a job has been below 59 percent for 35 months in a row.
#8 In June, the number of Americans added to the food stamp rolls was nearly three times larger than the number of jobs added to the U.S. economy.
#9 Approximately 53 percent of all U.S. college graduates under the age of 25 were either unemployed or underemployed last year.
#10 Since Barack Obama entered the White House, the number of long-term unemployed Americans has risen from 2.7 million to 5.2 million.
#12 According to a report that has just been released by the National Employment Law Project, 58 percent of the jobs that have been created since the end of the recession have been low paying jobs.
#13 According to the Center for Economic and Policy Research, only 24.6 percent of all of the jobs in the United States are "good jobs".
#14 In 2010, the number of jobs created at new businesses in the United States was less than half of what it was back in the year 2000.
#15 The average pay for self-employed Americans fell by $3,721 between 2006 and 2010.
#16 According to U.S. Representative Betty Sutton, America has lost an average of 15 manufacturing facilities a day over the last 10 years. During 2010 it got even worse. That year, an average of 23 manufacturing facilities a day shut down in the United States.
#17 At this point, one out of every four American workers has a job that pays $10 an hour or less.
#18 While Barack Obama has been president the velocity of money has plunged to a post-World War II low.
#19 According to one recent survey, 85 percent of middle class Americans say that it is harder to maintain a middle class standard of living today compared with 10 years ago.
#20 Electricity bills in the United States have risen faster than the overall rate of inflation for five years in a row.
#21 There are now 20.2 million Americans that spend more than half of their incomes on housing. That represents a 46 percent increase from 2001.
#22 Over the past decade, health insurance premiums have risen three times faster than wages have in the United States.
#23 Health insurance costs have risen by 23 percent since Barack Obama became president.
#25 In a previous article, I noted that 62 percent of all middle class Americans say that they have had to reduce household spending over the past year.
#26 Family budgets in America are being stretched to the breaking point. Today, 77 percent of all Americans live paycheck to paycheck at least part of the time.
#27 While Barack Obama has been president, U.S. home values have fallen by another 11 percent.
#28 More than three times as many new homes were sold in the United States in 2005 as will be sold in 2012.
#30 Since Barack Obama became president, the number of Americans living in poverty has risen by 6.4 million.
#31 The number of Americans on food stamps has grown from about 17 million in the year 2000 to 31.9 million when Barack Obama entered the White House to 46.7 million today.
#36 As I wrote about the other day, it is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.
