The following are 27 facts that show how the middle class has fared under 6 years of Barack Obama…
#1 American families in the middle 20 percent of the income scale now
earn less money than they did on the day when Barack Obama first entered the White House.
#2 American families in the middle 20 percent of the income scale
have a lower net worth than they did on the day when Barack Obama first entered the White House.
#3 According to a Washington Post article published
just a few days ago, more than 50 percent of the children in U.S. public schools now come from low income homes. This is the first time that this has happened in at least 50 years.
#4 According to a Census Bureau report that was recently released,
65 percent of all children in the United States are living in a home that receives some form of aid from the federal government.
#5 In 2008, the total number of business closures exceeded the total number of businesses being created for the first time ever, and that has continued to happen
every single year since then.
#6 In 2008, 53 percent of all Americans considered themselves to be “middle class”. But by 2014, only
44 percent of all Americans still considered themselves to be “middle class”.
#7 In 2008, 25 percent of all Americans in the 18 to 29-year-old age bracket considered themselves to be “lower class”. But in 2014, an astounding
49 percent of all Americans in that age range considered themselves to be “lower class”.
#8 Traditionally, owning a home has been one of the key indicators that you belong to the middle class. So what does the fact that the rate of homeownership in America has been falling
for seven years in a row say about the Obama years?
#9 According to a survey that was conducted last year,
52 percent of all Americans cannot even afford the house that they are living in right now.
#10 After accounting for inflation, median household income in the United States
is 8 percent lower than it was when the last recession started in 2007.
#11 According to one recent survey,
62 percent of all Americans are currently living paycheck to paycheck.
#12 At this point, one out of every three adults in the United States has an unpaid debt that is “
in collections“.
#13 When Barack Obama first set foot in the Oval Office, 60.6 percent of all working age Americans had a job. Today, that number is sitting at only 59.2 percent…
#14 While Barack Obama has been in the White House, the average duration of unemployment in the United States has risen from
19.8 weeks to
32.8 weeks.
#15 It is hard to believe, but an astounding
53 percent of all American workers make less than $30,000 a year.
#16 At the end of Barack Obama’s first year in office, our yearly trade deficit with China was
226 billion dollars. Last year, it was
more than 314 billion dollars.
#17 When Barack Obama was first elected, the U.S. debt to GDP ratio was
under 70 percent. Today, it is over
101 percent.
#18 The U.S. national debt is on pace
to approximately double during the eight years of the Obama administration. In other words, under Barack Obama the U.S. government will accumulate about as much debt as it did under all of the other presidents in U.S. history combined.
#19 According to the New York Times, the “typical American household” is now worth
36 percent less than it was worth a decade ago.
#20 The poverty rate in the United States has been at 15 percent or above
for 3 consecutive years. This is the first time that has happened since 1965.
#21 From 2009 through 2013, the U.S. government spent a whopping
3.7 trillion dollars on welfare programs.
#22 While Barack Obama has been in the White House, the number of Americans on food stamps has gone from 32 million to
46 million.
#23 Ten years ago, the number of women in the U.S. that had full-time jobs outnumbered the number of women in the U.S. on food stamps by more than a 2 to 1 margin. But now the number of women in the U.S. on food stamps
actually exceeds the number of women that have full-time jobs.
#24 One recent survey discovered that
about 22 percent of all Americans have had to turn to a church food panty for assistance.
#25 An astounding
45 percent of all African-American children in the United States live in areas of “concentrated poverty”.
#26 40.9 percent of all children in the United States that are living with only one parent are living in poverty.
#27 According to a report that was released late last year by the National Center on Family Homelessness, the number of homeless children in the United States has reached a new all-time record high of
2.5 million.
Unfortunately, this is just the beginning.
The incredibly foolish decisions that have been made by Obama, Congress and
the Federal Reserve have brought us
right to the precipice of
another major financial crisis and another crippling economic downturn.
So as bad as the numbers above are, the truth is that they are nothing compared to what is coming.
We are heading into the greatest economic crisis that any of us have ever seen.
