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Monday, August 26, 2013

Obama Supporters Will Freak When Presented With 33 Shocking Facts Of Tanked Economy Under Obama (Video)

By Susan Duclos

The Economic Collapse blog has put together 33 shocking facts which show how badly the economy has tanked since obama became president. The top ten, with links will be shown below and a link to the original piece to see the other 23 will be provided beneath those.

Then a video offering more numbers and proof of how much damage Obama has done to the American economy will be shown.

When presented with these facts, graphs, numbers and evidence, Obama supporters are sure to completely freak out.

#1 When Barack Obama entered the White House, 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 has been president, 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 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, 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 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 entered the White House, the mortgage delinquency rate was 7.85 percent.  Today, it is 9.72 percent.
See the remaining 23 facts over at The Economic Collapse blog.

Cross posted at Before It's News