It seems shocking how truth and the media are so far apart from each other. It's so sad that truth is something to fear enough that it must be hidden....or worse, mangled and distorted.
There is just one truth, the coin has two sides, but on only one side is the truth.
Sources: U.S. Bureau of Labor Statistics, U.S. Bureau of Economic
Analysis, U.S. Treasury Department, U.S. Department of Agriculture,
U.S. Social Security Administration
JOBS - At the end of President Bush’s first term, total non-farm
employment in the U.S. consisted of 104,000 fewer jobs than when he took
office in January 2001. At the end of President Obama’s first term,
total non-farm employment in the U.S. consisted of 970,000 fewer jobs
than when he took office in January 2009.
UNEMPLOYMENT - At the end of George W. Bush’s first term the U-6
unemployment rate was 9.3 percent, up from 7.3 percent in January 2001.
At the end of President Obama’s first term, the real unemployment rate,
meaning the number of unemployed or underemployed Americans, was 14.4
percent or 23 million people, up from 14.2 percent in January 2009.
DURATION - During President Bush’s first term, the average duration
of unemployment was 17 weeks. During President Obama’s first term, the
average duration of unemployment was 34 weeks.
PARTICIPATION - At the end of President Bush's first term the labor
force participation rate was 65.8 percent, down from 67.2 percent. At
the end of President Obama’s first term, the labor force participation
rate was 63.7 percent, down from 65.7 when he took office.
FOOD STAMPS - In January 2005 roughly 25 million people participated
in SNAP. About 17 million participated in the program in 2001. Under
Obama, individuals on food stamps grew from 32 million to 47 million.
DISABILITY - In 2004, the last full year of Bush’s first term,
roughly 7.2 million people received disability benefits. The number of
individuals receiving U.S. Social Security disability insurance payments
in 2012 was 9 million.
GDP - The total increase in U.S. GDP during the first four years of
President Bush was 9.4 percent. The total increase in U.S. GDP during
the first four years of President Obama was 5.9 percent.
DEBT - At the end of President Bush’s first term the U.S. national
debt was 64 percent of gross national product. The U.S. national debt
was $7.6 trillion or roughly $26,000 per person. At the end of President
Obama’s first term in office the U.S. national debt was more than 100
percent of gross domestic product. The U.S. national debt was more than
$16.4 trillion, more than $52,000 per person.
Make sure you're following Clark Barrow on Twitter @ClarkBarrow
Wednesday, January 15, 2014
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