Research

The Big Fail – Obama By The Numbers

$45.1 Trillion:  

Total Federal Spending Proposed By Obama’s FY2012 Budget Through 2021. (OMB, 9/1/11)

$24.0 Trillion:  

Projected Federal Debt In 2021 Due To Obama’s Binge Spending. (OMB, 9/1/11)

$15.3 Trillion:  

Current National Debt ($15,351,406,294,640.49). (U.S. Treasury Department, Accessed 2/6/12)

$9.1 Trillion:  

Amount Obama’s FY2012 Budget Would Add To The Debt Through FY2021. (OMB, 9/1/11)

$6.4 Trillion:  

Cumulative Deficits Caused By President Obama’s Deficit Reduction Proposal. (OMB, 9/19/11)

$5.2 Trillion:  

Total Interest Payments On The National Debt Due To Obama’s Proposed Budget, FY2012-2021. (OMB, 9/1/11)

$4.7 Trillion:  

Added To The National Debt Since Obama Took Office. (U.S. Treasury Department, Accessed 2/3/12)

$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)

$1.57 Trillion:  

Tax Hikes In Obama’s Deficit Reduction Proposal.(OMB, 9/19/11)

$1.416 Trillion:  

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

$1.334 Trillion:  

Projected FY2012 Budget Deficit Under Obama’s “Deficit Reduction” Proposal. (OMB, 9/19/11)

$1.298 Trillion:  

Federal Budget Deficit For FY2011 – Second Highest In U.S. History. (CBO, 10/7/11)

$1.294 Trillion:  

Federal Budget Deficit For FY2010 – Third Highest In U.S. History. (CBO, 10/7/10)

$1.17 Trillion:  

Total Cost Of Obama’s First Stimulus With Interest. (CBO, 8/24/11, CBO, 1/27/09)

$1.13 Trillion:  

American Debt Held By China. (U.S. Treasury Department, Accessed 1/9/12)

$1.079 Trillion:  

Projected FY2012 CBO Baseline Deficit. (CBO, 1/31/12)

$825 Billion:  

Price Tag Of Obama’s First Failed Stimulus. (CBO, 8/24/11)

$763 Billion:  

Net Interest Payment On Our National Debt In 2021 Due To Obama’s Proposed Budget. (OMB, 9/1/11)

$575 Billion:  

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

$535 Million:  

Stimulus Loan To The Failed Solar Company Solyndra. (The Oakland Tribune, 11/4/10)

$491.7 Billion:  

Amount Of Taxes In ObamaCare. (Letter to Speaker Nancy Pelosi, 3/18/10; Joint Committee On Taxation, 3/2/10)

$447 Billion:  

Price Tag Of Obama’s Second Stimulus. (The White House, 9/8/11)

$347.1 Billion:  

Debt Service Costs For Borrowing To Pay For Obama’s First Stimulus. (CBO, 1/27/09)

$231 Billion:  

Burden Of New Regulations Imposed In 2011.(American Action Network, 1/2/12)

$175 Billion:  

Increased Spending In Obama’s Second Stimulus.(CBO, 10/5/11)

$141 Billion:  

Taxpayer Funds For Fannie Mae And Freddie Mac.(The Hill, 10/27/11)

$23.8 Billion:  

Amount Government Expects To Lose On Bailouts Of Auto Industry. (The Detroit News, 1/30/12)

$24 Billion:  

Stimulus Funds Sent To Tax Cheats. (Government Accountability Office, April 2011)

$1.3 Billion:  

Amount Taxpayers Will Not Recover From Bailout Of Chrysler. (FactCheck.org, 6/6/11)

133 Million:  

Annual Paperwork Burden Hours Imposed By Regulators In 2011. (American Action Network, 1/2/12)

$77.4 Million:  

Obama Campaign Cash Raised By Bundlers. (ABC News, 1/31/12)

49.1 Million:  

Number Of Americans Living In Poverty (Supplemental Poverty Measure). (US Census Bureau, 11/7/11)

46.2 Million:  

Record Number Of Americans Living In Poverty (Official Measure). (U.S. Census Bureau, 9/13/11)

46.1 Million:  

Record Number Of Americans Receiving Food Stamps. (Department Of Agriculture, 2/1/12)

$18 Million:  

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

$15.6 Million:  

Amount Obama Has Raised From Wall Street – More Than All The GOP Candidates Combined. (Dan Eggen And T.W. Farnam, “Obama Still Flush With Cash From Financial Sector Despite Frosty Relations,” The Washington Post, 10/19/11; TW Farnam, “MF Global Ties Awkward For Obama Campaign,” The Washington Post, 11/2/11)

12.8  Million:  

Unemployed Americans. (Bureau of Labor Statistics, Accessed 2/3/12)

8.2 Million:  

Americans Working Part-Time For Economic Reasons. (Bureau of Labor Statistics, Accessed 2/3/12)

7.7 Million:  

Foreclosure Filings Since Obama Took Office.(RealtyTrac, Accessed 1/9/12)

6.3 Million:  

Number Of Americans That Fell Into Poverty Since Obama Took Office.  (U.S. Census Bureau, 9/13/11)

6.2 Million:  

Number Of Mortgages Either 30 Days Delinquent Or In Foreclosure. (Lender Processing Services, 1/19/12)

5.5 Million:  

Americans Unemployed 27 Weeks Or Longer. (Bureau of Labor Statistics, Accessed 2/3/12)

$5 Million:  

Obama Campaign Cash Raised By Bundlers In The Lobbying Industry. (The New York Times10/27/11)

3.6 Million:  

Workers Granted Waivers So That ObamaCare Would Not Outlaw Their Health Care Plan. (HHS.gov, Accessed 1/9/12)

2.3 Million:  

Foreclosure Starts During 2011. (Lender Processing Services, 1/20/12)

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)

1.35 Million:  

Personal Bankruptcies In 2011. (Los Angeles Times,1/5/12)

1.2 Million:  

Jobs Lost Since Obama Took Office. (Bureau of Labor Statistics, Accessed 2/3/12)

1.1 Million:  

Americans That Have Given Up Looking For Work. (Bureau of Labor Statistics, Accessed 2/3/12)

986,000:  

Construction Jobs Lost Since Obama Took Office.(Bureau of Labor Statistics, Accessed 2/3/12)

690,000:  

Manufacturing Jobs Lost Since Obama Took Office.(Bureau of Labor Statistics, Accessed 2/3/12)

549,000:  

Private Sector Jobs Lost Since Obama Took Office.(Bureau of Labor Statistics, Accessed 2/3/12)

428,000:  

Jobs Lost Since Obama’s Stimulus Was Passed. (Bureau of Labor Statistics, Accessed 2/3/12)

$278,000:  

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

176,000:  

Private Sector Jobs Lost Since Stimulus Was Passed. (Bureau of Labor Statistics, Accessed 2/3/12)

149,900:  

Number Of Local Government Education Jobs Lost Since Obama Signed A $10 Billion Teacher Union Bailout He Said Would Save 160,000 Teacher Jobs.(Bureau of Labor Statistics, Accessed 2/3/12; The Washington Post, 8/10/10)

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)

66,800:  

Number Of Heavy And Civil Engineering Construction Jobs Lost Since The Stimulus Was Passed. (Bureau of Labor Statistics, Accessed 2/3/12)

$49,655:  

Your Share Of The National Debt. (U.S. Treasury Department Accessed 2/3/12; U.S. Census Bureau, Accessed 2/3/12)

45,696:  

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

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 From Federal Regulations. (Small Business Administration, September 2010)

$15,235:  

Increase In Your Share Of The National Debt Since Obama Took Office. (U.S. Treasury Department Accessed 2/3/12; U.S. Census Bureau, Accessed 2/3/12)

        $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)

2022:  

Year That The CBO Predicts Medicare’s Trust Fund Will Be Exhausted. (CBO, 1/31/12)

1,722:  

Number Of Waivers Granted To Unions And Businesses So That ObamaCare Would Not Outlaw Their Health Care Plans. (HHS.gov, Accessed 1/9/12)

1,603:  

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

1,014:  

Days Since Harry Reid’s Senate Has Passed A Budget Resolution. (S. Con. Res. 13, Roll Call 173; 4/29/09)

408:  

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

104:  

Current Or Former Registered Lobbyists In The Obama Administration. (Center For Responsive Politics, Opensecrets.org, Accessed 2/6/12)

94.2%:  

Federal Debt Held By The Public As Share Of GDP In 2021. (CBO, 1/31/12)

92:  

Number Of Bank Failures In 2011. (FDIC, Accessed 2/3/12)

89%:  

Americans Who Rate The Economy As “Not So Good” Or “Poor.” (The Washington Post/ABC News Poll, 2/6/12)

80%:  

Small Businesses That Could Be Forced To Change Health Care Plans As A Result Of ObamaCare. (NFIB, 7/11)

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)

72.5%:  

Federal Debt Held By The Public As Share Of GDP By End Of The Year. (CBO, 1/31/12)

72%:  

Americans That Are Worried The Economy Will Get Worse Rather Than Better Over The Next Year.(Gallup, 1/25/12)

70%:  

Americans That Say The Country Is Headed In The Wrong Direction. (CNN12/23/11)

65%:  

Voters Who Say The Nation Is On The Wrong Track.(CBS, 1/9/12)

57%:  

Americans Worried That The Value Of Their Home Won’t Increase. (Gallup, 1/25/12)

51%:  

Americans Worried About Maintaining Their Standard Of Living. (Gallup, 1/25/12)

48.5%:  

Households That Receive Some Form Of Government Assistance. (The Wall Street Journal, 10/5/11)

44.8%:  

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

44.5%:  

Increase In National Debt Since Obama Took Office.(U.S. Treasury Department Accessed 2/3/12)

44%:  

Americans Who Approve Of Obama’s Handling Of The Economy. (The Washington Post/ABC News Poll, 2/6/12)

40.1:  

Number Of Weeks That It Takes To Find A Job.(Bureau of Labor Statistics, Accessed 2/3/12)

38%:  

Americans Who Approve Of Obama’s Handling Of The Budget Deficit. (The Washington Post/ABC News Poll, 2/6/12)

36:  

Record Number Of Straight Months With Unemployment Rate Above 8 Percent. (Bureau of Labor Statistics, Accessed 2/3/12)

34.2%:  

Households That Receive Either Food Stamps, Subsidized Housing, Cash Welfare Or Medicaid. (The Wall Street Journal, 10/5/11)

32%:  

Share Of Existing Home Sales In December That Were Distressed Properties (Foreclosures And Short Sales). (National Association Of Realtors, 1/20/12)

29.2%:  

Unemployed Workers Out Of Work For Over A Year.(Bureau of Labor Statistics, Accessed 2/3/12)

24.4%:  

Federal Spending As A Share Of GDP By 2022. (CBO, 1/31/12)

22.1%:  

Home Loans Underwater (Negative Equity) In Third Quarter Of 2011. (Reuters, 11/29/11)

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)

15.1%:  

Workers Unemployed, Underemployed Or Marginally Attached To The Labor Force. (Bureau of Labor Statistics, Accessed 2/3/12)

15.1%:  

Americans Living In Poverty. (U.S. Census Bureau, 9/13/11)

8.3%:  

Unemployment Rate. (Bureau of Labor Statistics, Accessed 2/3/12)

8.15%:  

Percent Of Home Loans Delinquent In November.(Lender Processing Services, 1/27/12)

4.11%:  

Percent Of Mortgage Loans In Foreclosure During December 2011. (Lender Processing Services, 1/27/12)

2.5%:  

Decline In Median Home Sale Price In The Last Year.(National Association Of Realtors, 1/20/12)

3:  

Record +$1 Trillion Deficits On Obama’s Watch.(CBO, 10/7/11)

2.3%:  

Decline In Median Household Income In 2010. (U.S. Census Bureau, 9/13/11)

0:  

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