by WYNTON HALL 8 Sep 2012, 2:23 PM PDT 14 POST A COMMENT
Beneath the surface of Friday's jobs report lies the reality of just how disastrous the Obama economy truly is.
Consider the following 11 economic facts:
1. When you include the underutilized labor figure with the eight million Americans who have lost hope altogether and stopped looking for a job, real unemployment now stands at just under
19 percent.
2. If the labor force were the same as when President Obama took office in January 2009, the unemployment rate reported on Friday would be
11.2 percent.
3. A record
88,921,000 Americans are no longer in the labor force. To be included in that figure, an individual must be over 16 years of age, a civilian, not in a mental hospital or nursing home, and have stopped hunting for a job for at least four weeks.
4. The average American lost
40 percent of their wealth from 2007 to 2010.
5. Every
fifth man in America is out of work.
6.
One out of two Americans are now low-income or below the poverty line.
7. Over the past four years,
400,000 food stamp recipients a month have been added to the welfare dole.
8. In 2006-2007, 90 percent of college graduates landed jobs. Under Obama, just
56 percent find work after college.
9. A gallon of gasoline cost $1.84 when Obama entered office. Today, a gallon of gas costs
$3.77.
10. Every
fourth home mortgage in America is underwater.
11. Under Obama, healthcare costs have skyrocketed
18.9 percent.
The latest Gallup tracking poll shows Mr. Obama leading Republican challenger Mitt Romney
49 to 45 percent.
