[FONT=&]1) The unemployment rate has improved significantly, from 7.8 percent at Obama’s January 20, 2009, inauguration to 5.0 percent in April.
However, as more and more Americans stop looking for work, the Labor Force Participation Rate on Obama’s watch has fallen from 65.7 percent to 62.8 percent, a level last measured before Obama in March 1978. Since Obama took office, this metric has slid 4.1 percent.[/FONT]
[FONT=&]2) Last month saw the creation of 160,000 jobs, a widely panned number, and much below the 200,000-plus jobs generated in five of the last six months. Nothing about the latest employment report spells “boom.”
[/FONT][FONT=&]3) Meanwhile, annualized GDP growth nearly stalled in the first quarter at a meager 0.5 percent. This is down from already tepid 1.4 percent growth in the fourth quarter of 2015.[/FONT]
[FONT=&]4) Obama is the only U.S. chief executive in history not to preside over even a single year with 3 percent GDP growth, as the Institute for Policy Innovation’s Tom Giovanetti observes: ‘From 1790 to 2000, U.S. real GDP growth averaged 3.79 percent,’ entrepreneur Louis Woodhill explained at RealClearMarkets. He expects final figures to show that ‘2015 will have been the tenth year in a row that real GDP growth came in at under 3.0 percent.’[/FONT]
[FONT=&]5) During the Obama years, the number of Americans below the poverty line is up 3.5 percent.
6) Real median household income: down 2.3 percent.
7) Americans on Food Stamps — 33 million then, 46 million now: up 39.5 percent.
8) Americans who own homes: down 5.6 percent.
9) National debt — $10.63 trillion then vs. $19.19 trillion last Wednesday: up 80.5 percent.[/FONT]
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[/FONT][FONT=&]10) Meanwhile, millions of college-educated Millennials are languishing in their parents’ basements and wallowing in student debt, with limited prospects. Many of those who have found work lag their predecessors.[/FONT]
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