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Election 2012: Your stories
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Record Setting Economics! From the Obama Administration
President Obama’s Record Setting Performance as President:
1. U.S. sovereign debt downgrade; FIRST in American
history
2. Federal spending (25% of GDP); highest since WWII
3. Budget deficit (10% of GDP); highest since WWII
4. Federal debt (67% of GDP); highest since WWII
5. Employment (58.1% of population working); lowest
since 1983
6. Long-term unemployment (45.9% of total); highest
since 1930s
7. Increase in nonfarm payroll employment (0.5%) since
recovery began 26 months ago; slowest job growth
26 months after a severe recession since WWII
8. Home ownership rate (59.7%); lowest since 1965
9. Percentage of taxpayers paying income tax (49%);
lowest in modern era
10. Government dependency (47%), defined as the
percentage of person’s receiving one or more federal
benefit payments; highest in American history.
Sources: Standard & Poors, Office of Management and Budget, U.S. Bureau of Labor Statistics, Morgan Stanley, Joint Committee on Taxation, and U.S. Census.
1. U.S. sovereign debt downgrade; FIRST in American
history
2. Federal spending (25% of GDP); highest since WWII
3. Budget deficit (10% of GDP); highest since WWII
4. Federal debt (67% of GDP); highest since WWII
5. Employment (58.1% of population working); lowest
since 1983
6. Long-term unemployment (45.9% of total); highest
since 1930s
7. Increase in nonfarm payroll employment (0.5%) since
recovery began 26 months ago; slowest job growth
26 months after a severe recession since WWII
8. Home ownership rate (59.7%); lowest since 1965
9. Percentage of taxpayers paying income tax (49%);
lowest in modern era
10. Government dependency (47%), defined as the
percentage of person’s receiving one or more federal
benefit payments; highest in American history.
Sources: Standard & Poors, Office of Management and Budget, U.S. Bureau of Labor Statistics, Morgan Stanley, Joint Committee on Taxation, and U.S. Census.
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