Research

Obama By The Numbers

Obama’s Treasury Secretary Says It Is “Ridiculous” To Judge The President Based On The Facts – You Be The Judge

In Response To The Facts About Obama’s Dismal Economic Record, Geithner Called The Statistics “Ridiculous.” NBC’S DAVID GREGORY: “You talk about what’s good for the economy. A lot of this discussion about debt is ultimately to free up space for jobs to be created. It’s not happening. People are still out of work. Here’s the chart of the President’s economic record. This is based on government information, the Treasury Department, U.S. Bureau Of Labor Stats – unemployment 7.3% on Inauguration Day, up to 9.2%. with latest report, up 26%. You see the debt figures up 35%.” SEC. GEITHNER: “David, let me just say, that’s a ridiculous table.” (NBC’s “Meet The Press,” 7/10/11)

LAST WEEK’S DISMAL JOBS REPORT WAS JUST ANOTHER COUNT IN THE CASE AGAINST THE PRESIDENT’S FAILED ECONOMIC POLICIES

$45.9 Trillion: Total Federal Spending Proposed By Obama’s FY2012 Budget Through 2021. (OMB, 2/14/11)

$26.3 Trillion: Projected Federal Debt In 2020 Due To Obama’s Binge Spending. (OMB, 2/14/11)

$14.3 Trillion: Current National Debt. (U.S. Treasury Department, Accessed 7/8/11)

$10.9 Trillion: Amount The Total Gross Federal Debt Will Increase By FY2021 According To Obama’s FY2012 Budget. (OMB, 2/14/11)

$9.5 Trillion: Cumulative Deficits Caused By President Obama’s Proposed Budget, FY2012-2021. (CBO, April 2011)

$6.0 Trillion: Total Interest Payments On The National Debt, FY2012-2021. (CBO, April 2011)

$3.7 Trillion: Amount Added To The National Debt Since Obama Took Office. (U.S. Treasury Department, Accessed 7/8/11)

$2.6 Trillion: True Cost Of ObamaCare Once Fully Implemented. (Office Of The Speaker Of The U.S. House Of Representatives, Report, 1/6/11) 

$1.75 Trillion: Annual Cost Of Federal Regulations. (Small Business Administration, September 2010) 

$1.65 Trillion: Projected Federal Deficit For FY2011 – Will Be The Largest In U.S. History. (OMB, 2/14/11)

$1.42 Trillion: Federal Budget Deficit For FY2009 – Highest In U.S. History. (CBO, 10/7/10)

$1.29 Trillion: Federal Budget Deficit For FY2010 – Second Highest In U.S. History. (CBO, 10/7/10)

$1.15 Trillion: American Debt Held By China. (U.S. Treasury Department, Accessed 7/6/11)

$973 Billion: Federal Budget Deficit For The First Nine Months Of FY2011 (CBO, 7/8/11) 

$931 Billion: Net Interest Payment On Our National Debt In 2021 Due To Obama’s Budget. (CBO, April 2011)

$831 Billion: Price Tag Of Obama’s Failed Stimulus. (CBO, 5/25/11)

$575 Billion: Amount Of Medicare Cuts In ObamaCare. (CMS Chief Actuary Richard S. Foster, Memo, 4/22/10)

$569.2 Billion: Amount Of Taxes In ObamaCare. (Letter to Speaker Nancy Pelosi, 3/18/10)

$160 Billion: Taxpayer Funds For Fannie Mae And Freddie Mac. (Bloomberg, 6/13/11) 

$108.7 Billion: Projected Cost Of New Regulations For FY2011. (American Action Network, 7/8/11)

$24 Billion: Stimulus Funds Sent To Tax Cheats. (Government Accountability Office, April 2011)

$16 Billion: Amount Obama Expects To Lose On Auto Bailouts. (Detroit News, 6/1/11)

$2.1 Billion: Amount Treasury Doesn’t Expect To Recover From Chrysler. (The Associated Press, 5/17/10)

44.6 Million: Americans Receiving Food Stamps. (The Wall Street Journal, 5/31/11)

$18 Million: Cost Of The Stimulus Website Recovery.org. (ABC News’ “The Note“ Blog, 7/8/09)

14.0 Million: Unemployed Americans. (Bureau of Labor Statistics, Accessed 7/8/11)

8.6 Million: Americans Working Part-Time For Economic Reasons. (Bureau of Labor Statistics, Accessed 7/8/11)

6.8 Million: Foreclosure Filings Since Obama Took Office. (RealtyTrac, Accessed 7/8/11) 

6.3 Million: Americans Unemployed 27 Weeks Or Longer. (Bureau of Labor Statistics, Accessed 7/8/11)

3.8 Million: Increase In The Number Of People Who Were In Poverty In 2009 Over 2008. (NPR, 9/16/10)

3.1 Million: Workers Granted Waivers So That ObamaCare Would Not Outlaw Their Health Care Plan. (HHS.gov, Accessed 6/1/11)

2.5 Million: Jobs Lost Since Obama Took Office. (Bureau of Labor Statistics, Accessed 7/8/11) 

2.0 Million: Private Sector Jobs Lost Since Obama Took Office. (Bureau of Labor Statistics, Accessed 7/8/11) 

1.8 Million: Jobs Lost Since Obama’s Stimulus Was Passed. (Bureau of Labor Statistics, Accessed 7/8/11)

1.59 Million: Personal Bankruptcies In 2010. (United States Courts, 2/15/11) 

$1.5 Million: Stimulus Funds Sent To Indonesia To Discourage Air Pollution In Jakarta. (The Daily Caller, 7/7/11)

1.47 Million: Personal Bankruptcies In 2009. (United States Courts, 2/15/11) 

1.3 Million: Private Sector Jobs Lost Since Stimulus Was Passed. (Bureau of Labor Statistics, Accessed 7/8/11)

1.0 Million: Construction Jobs Lost Since Obama Took Office. (Bureau of Labor Statistics, Accessed 7/8/11) 

982,000: Americans That Have Given Up Looking For Work. (Bureau of Labor Statistics, Accessed 7/8/11)

852,000: Manufacturing Jobs Lost Since Obama Took Office. (Bureau of Labor Statistics, Accessed 7/8/11)

709,303: Personal Bankruptcies During First Half Of 2011. (The Wall Street Journal, 7/5/11)

633,500: Avoided Foreclosure Through HAMP, Obama Had Promised To Help As Many As Nine Million. (The Wall Street Journal, 7/1/11; President Obama, Remarks In Mesa, AZ, 2/18/09)

288,000: Jobs Removed From Obama’s Economists Estimate Of The Stimulus’ Performance. (The Weekly Standard, 7/6/11) 

$278,000: Cost Per A Stimulus Job. (The Weekly Standard, 7/6/11) 

89,000: The Number Of Stimulus Checks Sent To Dead Or Incarcerated People. (The Wall Street Journal, 10/7/10)

81,405: Record Number Of Pages Added To The Federal Register In 2010. (Competitive Enterprise Institute, 2011) 

$46,455: Your Share Of The National Debt. (U.S. Treasury Department Accessed 7/8/11; U.S. Census Bureau, Accessed 7/8/11)

45,696: Pages Of New Rules Added To The Federal Register During Obama’s First Two Years In Office. (Competitive Enterprise Institute, 2011) 

$38,876: Amount Obama’s FY2012 Budget Would Add To Your Share Of The National Debt By 2021. (U.S. Treasury Department Accessed 7/8/11; OMB, 2/14/11; U.S. Census Bureau, Accessed 7/8/11) 

23,000: The Number Of Jobs Obama Knew His Drilling Moratorium Would Kill. (The Wall Street Journal, 8/21/10)

$15,500: Annual Cost Per Household Of Federal Regulations. (Small Business Administration, September 2010) 

$11,300: Negative Effect Of Debt On Gross National Product Per Person In 2035. (CBO, 6/22/11)

$10,585: Cost Per Employee That Federal Regulations Place On Small Businesses. (Small Business Administration, September 2010)

3,700: Number Of Tax Delinquents Who Received Stimulus Funds. (Government Accountability Office, April 2011)

2060: Year Federal Spending Will Reach 50 Percent Of GDP. (CBO, 6/22/11)

2037: Year That Federal Debt Will Reach 200 Percent Of GDP. (CBO, 6/22/11)

2036: Year That The Social Security Trust Fund Will Be Exhausted. (The Trustees Of Social Security & Medicare, 5/10/11)

2020: Year That The CBO Predicts Medicare’s Trust Fund Will Be Exhausted. (CBO, 3/18/11)

1,603: Number Of Regulations That Would Impact Small Businesses Proposed By Obama Administration In First Two Years In Office. (Competitive Enterprise Institute, 2011) 

1,372: Number Of Waivers Granted To Unions And Businesses So That ObamaCare Would Not Outlaw Their Health Care Plans. (HHS.gov, Accessed 6/1/11)

1,000: Number Of Jobs Obama’s NLRB Is Trying To Kill In South Carolina. (The Denver Post, 5/2/11)

408: Number Of Regulations Proposed By Obama During First Two Years That Have An Economic Impact Of Over $100 Million. (Competitive Enterprise Institute, 2011)

101%: Federal Debt Held By The Public As Share Of GDP In 2021. (CBO, 6/22/11)

81%: Americans Say The Current Economic Condition Is Poor. (CNN/Opinion Research Corporation Poll, 6/3-7/11)

80%: Small Businesses That Could Be Forced To Change Health Care Plans As A Result Of ObamaCare. (The Washington Post, 6/15/10)

79%: Stimulus Funds For Wind, Solar And Geothermal Energy Projects That Went To Foreign Firms. (Investigating Reporting Workshop/ABC’s World News Tonight/Watchdog Institute, 2/8/10)

69%: Federal Debt Held By The Public As Share Of GDP By End Of The Year. (CBO, 6/22/11) 

61%: Voters Who Disapprove Of Obama’s Handling Of The Deficit. (McClatchy-Marist Poll, 6/15-23/11)

57%: Americans Say An Economic Recovery Has Not Begun. (ABC News/The Washington Post, 6/2-5/11)

54%: Say Their Finances Are Not So Good Or Poor. (Bloomberg, 7/7/11) 

48: Bank Failures This Year. (The Wall Street Journal, 7/8/11) 

48%: Of Americans Think Another Great Depression Is Likely In The Next 12 Months. (CNN/Opinion Research Corporation Poll, 6/3-7/11)

44.8%: Top Tax Rate Under By 2014 Under Obama’s FY2012 Budget. (The Washington Post, 5/16/11)

39.9: Record Number Of Weeks That It Takes To Find A Job. (Bureau of Labor Statistics, Accessed 7/8/11)

37%: Percent Of Pre-Existing Home Sales In April That Were Distressed Properties. (San Francisco Chronicle, 5/20/11)

29: Record Number Of Straight Months With Unemployment Rate Above 8 Percent. (Bureau of Labor Statistics, Accessed 7/8/11)

25.9%: Federal Spending As A Share Of GDP By 2021. (CBO, 6/22/11)

18%: Amount GNP Would Be Lowered Due To Debt’s Effect On Economic Growth By 2035. (CBO, 6/22/11)

17%: Cut To Medicare Benefits When Trust Fund Is Exhausted. (House Ways & Means Committee Hearing, 6/22/11)

16.2%: Workers Unemployed Or Underemployed. (Bureau of Labor Statistics, Accessed 7/8/11)

9.2%: Unemployment Rate. (Bureau of Labor Statistics, Accessed 7/8/11) 

3.6%: Inflation Rate During The Last 12 Months. (The Wall Street Journal, 7/6/11)

1: Budget Speeches The CBO Can’t Score. (Committee On The Budget, U.S. House Hearing,, 6/23/11)

0: Votes Obama’s Budget Received In The Senate. (The Hill, 5/25/11)

0: Other People Obama Will Have Left To Blame For The Failures Of His Economic Policies In 2012. (The American People, 11/6/12)