Is it a Recovery or is it a Coma? (Hint: It's the Barack Obama/Jeanne Shaheen Coma!) - Granite Grok

Is it a Recovery or is it a Coma? (Hint: It’s the Barack Obama/Jeanne Shaheen Coma!)

Obama Economy down the 'Toilet'It is not a recovery unless by recovery you mean that we have been put into a coma…for reasons you are free to speculate on yourselves.

“Household incomes are still down 4.4% since the recession ended four years ago…”

“…the inflation-adjusted median household income remains $2,380 below where it stood when the Obama “recovery” officially started in June 2009.”

“Census Bureau’s Current Population Survey, show that incomes fell more in the year after the recovery started than it did during the recession itself. And household incomes have basically flat-lined ever since.”

“The most vulnerable groups — blacks, Hispanics, female-headed families and the young — have fared far worse under Obama than everyone else.”

More?  Sure.  And keep this in mind.  New Hampshire US Senator Jeanne Shaheen (the Part-Time Employment Queen) has been in office over exactly the same period of time as Obama, so I made some editing adjustments to the following list from Zero Hedge (About the economy under Obama) to give it some New Hampshire flavor.

Here is it.  My adapdted list from Zero Hedge: “33 Shocking Facts About How Badly the Economy Has Tanked Under Obama (NH Senator Jeanne Shaheen).” H/T to  Powerline

#1 When Barack Obama (Jeanne Shaheen) entered the White House (US Senate), 60.6 percent of working age Americans had a job.  Today, only 58.7 percent of working age Americans have a job.

#2 Since Obama (Jeanne Shaheen) has been president (A US Senator), seven out of every eight jobs that have been “created” in the U.S. economy have been part-time jobs.

#3 The number of full-time workers in the United States is still nearly 6 million below the old record that was set back in 2007.

#4 It is hard to believe, but an astounding 53 percent of all American workers now make less than $30,000 a year.

#5 40 percent of all workers in the United States actually make less than what a full-time minimum wage worker made back in 1968.

#6 When the Obama (Jeanne Shaheen) era began, the average duration of unemployment in this country was 19.8 weeks.  Today, it is 36.6 weeks.

#7 During the first four years of Obama (Jeanne Shaheen), the number of Americans “not in the labor force” soared by an astounding 8,332,000.  That far exceeds any previous four year total.

#8 According to the U.S. Census Bureau, the middle class is taking home a smaller share of the overall income pie than has ever been recorded before.

#9 When Obama (Jeanne Shaheen) was elected, the homeownership rate in the United States was 67.5 percent.  Today, it is 65.0 percent.  That is the lowest that it has been in 18 years.

#10 When Obama (Jeanne Shaheen) entered the White House (US Senate), the mortgage delinquency rate was 7.85 percent.  Today, it is 9.72 percent.

#11 In 2008, the U.S. trade deficit with China was 268 billion dollars.  Last year, it was 315 billion dollars.

#12 When Obama (Jeanne Shaheen) first became president (A US Senator), 12.5 million Americans had manufacturing jobs.  Today, only 11.9 million Americans have manufacturing jobs.

#13 Median household income in America (Under Senatoe Jeanne Shaheen) has fallen for four consecutive years.  Overall, it has declined by over $4000 during that time span.

#14 The poverty rate (While Shaheen has been in office) has shot up to 16.1 percent.  That is actually higher than when the War on Poverty began in 1965.

#15 During Obama’s (Jeanne Shaheen’s) first term (four years in office), the number of Americans on food stamps increased by an average of about 11,000 per day.

#16 When Barack Obama (Jeanne Shaheen) entered the White House (US Senate), there were about 32 million Americans on food stamps.  Today, there are more than 47 million Americans on food stamps.

#17 At this point, more than a million public school students in the United States are homeless.  This is the first time that has ever happened in our history.  That number has risen by 57 percent since the 2006-2007 school year.

#18 When Barack Obama (Jeanne Shaheen) took office, the average price of a gallon of regular gasoline was $1.85.  Today, it is $3.53.

#19 Electricity bills in the United States have risen faster (since Jeanne Shaheen has been in office) than the overall rate of inflation for five years in a row.

#20 Health insurance costs have risen by 29 percent since Barack Obama (Jeanne Shaheen) became president (A US Senator), and Obamacare is going to make things far worse.

#21 The United States has fallen in the global economic competitiveness rankings compiled by the World Economic Forum for four years in a row.

#22 According to economist Tim Kane, the following is how the number of startup jobs per 1000 Americans breaks down by presidential administration

Bush Sr.: 11.3

Clinton: 11.2

Bush Jr.: 10.8

Obama/ (Jeanne Shaheen): 7.8

#23 In 2008, that total amount of student loan debt in this country was 440 billion dollars.  At thispoint, (Since Jeanne Shaheen took office) it has shot up to about a trillion dollars.

#24 According to one recent survey, 76 percent of all Americans are living paycheck to paycheck.

#25 During Obama’s (Shaheen’s) first term (four years in office), the number of Americans collecting federal disability insurance rose by more than 18 percent.

#26 The total amount of money that the federal government gives directly to the American people has grown by 32 percent since Barack Obama(Jeanne Shaheen) became president (A US Senator).

#27 According to the Survey of Income and Program Participation conducted by the U.S. Census, well over 100 million Americans are enrolled in at least one welfare program run by the federal government.

#28 As I wrote about the other day, American households are now receiving more money directly from the federal government than they are paying to the government in taxes.

#29 Under Barack Obama (Jeanne Shaheen), the velocity of money (a very important indicator of economic health) has plunged to a post-World War II low.

#30 At the end of 2008, the Federal Reserve held $475.9 billion worth of U.S. Treasury bonds.  Today, Fed holdings of U.S. Treasury bonds have skyrocketed past the 2 trillion dollar mark.

#31 When Barack Obama (Jeanne Shaheen) was first elected, the U.S. debt to GDP ratio was under 70 percent.  Today, it is up to 101 percent.

#32 During Obama’s (Jeanne Shaheen’s) first term(four years in office), the federal government accumulated more new debt than it did under the first 42 U.S presidents combined.

#33 When you break it down, the amount of new debt accumulated by the U.S. government during Obama’s (Jeanne Shaheen’s) first term(four years in office), comes to approximately $50,521 for every single household in the United States.  Are you able to pay your share?

This list being meant for Obama is meaningless because Jeanne Shaheen has done more than her part to sheild him and his administration from blame.
As our Senator she is responsible for shielding us from bad Federal policy; she is supposed to be a brake on abuses of executive authority and a guiding hand when it come to appointments.  Instead she has been a shill, even an accellerant of abuse, looked the other way at every turn, even made excuses for abuses, scandals, and mis-steps.  She has not looked out for New Hampshire.  She has looked out for Barack Obama.

And like all of our Democrat congressioal representation, Jeanne Shaheen is less interested in keeping the money in the state and more interested in taking credit for getting some of it back; less interested in national policy that slows or hampers our staate and local economy (or even violates out state or federal constitition), and more interested in being well regarded by party leadership and getting connected to the right people, lobbyists, donors and their campaing machines.

Jeanne Shaheen is the Senator from Jeanne Shaheen, the Democrat Parties representative to the Federal County of New Hampshire, and every one of those 33 items above are now her repsonsibility because she did nothing to prevent them and everything to make them worse.

 

>