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#DoingFine: “Significant Progress”

- June 12, 2012

Obama Lauds A Terrible Economic Record To Nevadans 

YESTERDAY, OBAMA TOLD NEVADA “WE’VE MADE SIGNIFICANT PROGRESS” ON THE ECONOMY 

Last Night, Obama Told Nevada, The State With The Highest Unemployment Rate, “We’ve Made Significant Progress.” OBAMA: "Well look, we've gone through the worst financial crisis since the Great Depression. We've made significant progress. People obviously recognize we need to make more and young voters, in particular, are out there struggling.” (KTVN – Reno, 6/11/12)  

Click Here To Watch Obama Say Nevada Has Made “Significant Progress”

NEVADANS AREN’T ENJOYING “SIGNIFICANT PROGRESS”

Jobs: Since Obama Took Office, Nevada Has Lost 68,200 Jobs And The Unemployment Rate Has Increased From 9.6 Percent To 11.7 Percent, The Highest In The Nation. (Bureau Of Labor Statistics, Accessed 6/8/12)

Food Stamps: From FY 2008 To FY2011, The Number Of People In Nevada Receiving Food Stamps Increased By 130 Percent. (“Public Assistance Receipt In The Past 12 Months For Households: 2009 And 2010” USDA Food And Nutrition Service, 10/11)

Poverty: Between 2008 To 2010, 107,830 More Nevadans Fell Into Poverty. (“Poverty: 2007 And 2008,” U.S. Census Bureau, 10/11; “Poverty: 2009 And 2010,” U.S. Census Bureau, 10/11)

Median Household Income: From 2008 To 2010, Nevada’s Median Household Income Has Fallen $5,630, From $56,631 To $51,001, Or 9.9 Percent. (U.S. Census, “Household Income For States: 2009 And 2010,” 9/11; U.S. Census, “Household Income For States: 2007 And 2008,” 9/09)

College Tuition: The Average Student Graduating From A Four-Year College Institution In Nevada Has $16,622 In Debt. (Project On Student Debt, Accessed 5/4/12)

Home Values: As Of April 2012, Nevada Has Had The Largest Peak-To-Current Decline In Home Prices In The Nation, Dropping 58.9 Percent. (Press Release, “CoreLogic April Home Price Index Shows Year-Over-Year Increase Of Just Over One Percent,” CoreLogic, 6/5/12)

Foreclosures: In The First Quarter Of 2012, Nevada Posted The Highest Foreclosure Rate In The Nation With One Out Of Every 95 Nevada Households Issuing A Foreclosure Filing. (“Q1 2012 Foreclosure Activity Lowest Since Q4 2007,” RealtyTrac, 4/5/12)

AND AMERICANS AREN’T ENJOYING “SIGNIFICANT PROGRESS” EITHER 

Jobs: Since President Obama Took Office, The Nation Has Lost 552,000 Jobs And The Unemployment Rate Has Remained Above Eight Percent For 40 Straight Months. (Bureau Of Labor Statistics, Accessed 6/1/12) 

Unemployment: 23.2 Million Americans Are Either Unemployed, Underemployed Or Have Given Up Looking For Work. (Bureau Of Labor Statistics, Accessed 6/1/12) 

Long-Term Unemployment: Since Obama Took Office, The Average Duration Of Unemployment Has Doubled From 19.8 Weeks To 39.7 Weeks. (Bureau Of Labor Statistics, Accessed 6/1/12) 

Government Assistance: “49.1%: Percent Of The Population That Lives In A Household Where At Least One Member Received Some Type Of Government Benefit In The First Quarter Of 2011.” (Phil Izzo, “Number Of The Week: Half Of U.S. Lives In Household Getting Benefits,” The Wall Street Journal’s “Real Time Economics,” 5/26/12) 

Food Stamps: Since President Obama Took Office, The Number Of Americans Receiving Food Stamps Has Increased From 31.9 Million To A Record 46.4 Million, A 45 Percent Increase. (Department Of Agriculture, 5/1/12) 

Poverty: 97.3 Million Americans Now Qualify As Low-Income And Another 49.1 Million Are In Poverty; Together, 146.4 Million Americans Or 48 Percent Of The Population. (Hope Yen, “Census Shows 1 In 2 People Are Poor Or Low-Income,” The Associated Press, 12/15/11) 

Median Household Income: “Real Median Household Income In March Was Down $4,300 Since Obama Took Office In January 2009 …” (Mike Dorning, “Obama Fails To Stem Middle-Class Slide He Blamed On Bush,” Bloomberg, 4/30/12)

College Tuition: Since President Obama Took Office, The Average Cost Of In-State Tuition At A Four Year College Has Risen From $6,585 To $8,244, A 25 Percent Increase. ("Trends In College Pricing 2009," College Board, 2008; "Trends In College Pricing 2011," College Board, 2011)

Health Care: Under Obama, The Average Cost Of Family Health Care Premiums Has Increased From $13,375 To $15,073. (Phil Galewitz And Andrew Villegas, “Workers Face Higher Costs For Employer-Sponsored Insurance,” Kaiser Health News, 9/15/09; Julie Appleby, “Cost Of Employer Insurance Plans Surge In 2011,” Kaiser Health News, 9/27/11)

THIS COMES JUST DAYS AFTER OBAMA SAID “THE PRIVATE SECTOR IS DOING FINE”

Obama: “The private sector is doing fine.” (President Obama, Press Conference, Washington D.C., 6/8/12) 

Nevada Not #DoingFine

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