Research Briefing

Obama Admits 2012 Will Be A Referendum On His Failed Policies  

Click To Watch Obama Admit 2012 Election Will Be A Referendum On His Failed Policies

President Obama: “They do expect that their President is going to be thinking about them every single day. And is going to be focused on how we win the future. And if next November they feel like I’ve been on their side, and I’ve been working as hard as I can, and I’ve been getting some things done to move us in the right direction, I’ll win. If they don’t, then I’ll lose. And that’s not to say the other candidate is irrelevant. But it does mean I’ll probably win or lose depending on their assessment of my stewardship.” (KMBC, 7/20/11)

Obama’s “Stewardship”:

Since President Obama Took Office, The Nation Has Lost 2.5 Million Jobs. (Bureau Of Labor Statistics, BLS.gov, Accessed 7/21/11)

The Unemployment Rate Increased From 7.8 Percent To 9.2 Percent. (Bureau Of Labor Statistics, BLS.gov, Accessed 7/21/11)

Since President Obama’s $831 Billion Stimulus Bill Passed The Unemployment Rate Has Increased From 8.2 Percent To 9.2 Percent. (Bureau Of Labor Statistics, BLS.gov, Accessed 7/21/11)

• Rather Than Keeping Unemployment Below Eight Percent, The Unemployment Rate Has Remained Above Eight Percent For A Post-WWII Record 29 Straight Months. (Bureau Of Labor Statistics, BLS.gov, Accessed 7/21/11) 

Since President Obama Took Office, The National Debt Has Increased By $3.7 Trillion. (Department Of The Treasury, "The Debt To The Penny And Who Holds It," TreasuryDirect.gov, Accessed 7/21/11)

• Currently, The Total Debt Of The US Government Is $14.3 Trillion Dollars. (Department Of The Treasury, "The Debt To The Penny And Who Holds It," TreasuryDirect.gov, Accessed 7/21/11)
• Obama’s FY2012 Budget Adds $12 Trillion In New Debt Through 2021. (Fiscal Year 2012 Budget Of The U.S. Government, Office Of Management And Budget, 2/14/11)