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Glaring Omission #19: The Obama Economic Policies Are Hurting North Carolina

RNC Communications - September 6, 2012

THE GLARING OMISSION: The Obama economic policies have hurt North Carolina.

Unemployment: Since Obama Took Office, North Carolina Has Lost 53,500 Jobs And The Unemployment Rate Has Increased From 9.0 Percent To 9.6 Percent. (Bureau of Labor Statistics, Accessed 8/17/12)

A UNC-Chapel Hill Global Research Institute Study Concluded That Economic Recovery "Is Still Shrouded In Shadows" For North Carolina. "After some very tough sledding, the American economy has been improving over recent months. The unemployment rate has fallen, the manufacturing sector has been picking up, the stock market has headed north and the savings rate is rising, along with consumer confidence... The picture in North Carolina, alas, is still shrouded in shadows. Not surprising, given the fact that the so-called Great Recession of 2007-2008 hit our already economically beleaguered state particularly hard. Borrowing from Robert Frost, we might say that for North Carolina, this recession proved extremely unlovely, dark, and deep." (Peter A. Coclanis & Daniel P. Gitterman, Op-Ed, "Hardship Lingers In North Carolina," The News Observer, 3/12/12)

  • According To The Institute, Underemployment Averaged 17.9 Percent In 2011. "Other measures of the labor market in North Carolina tell a similar story. For example, the labor underutilization rate - the unemployed, people working part-time but preferring full-time work, as well as individuals marginally attached to the labor force (discouraged workers and 'conditionally interested' workers) - averaged 17.9 percent during 2011." (Peter A. Coclanis & Daniel P. Gitterman, Op-Ed, "Hardship Lingers In North Carolina," The News Observer, 3/12/12)

Median Income: Since 2008, North Carolina's Median Income Has Fallen $3,223. (U.S. Census Website, Accessed 10/17/11)

Food Stamps: Since Obama Took Office, The Number Of People In North Carolina Receiving Food Stamps Has Increased By 52 Percent. ("Supplemental Nutritional Assistance Program: Number Of Persons Participating ," Food Research And Action Center, Accessed 8/10/12; "Supplemental Nutritional Assistance Program: Number Of Persons Participating," USDA Food And Nutrition Service , Accessed 8/10/12)

Poverty: Between 2008 To 2010, 325,673 More People In North Carolina Fell Into Poverty. ("Poverty: 2007 And 2008," U.S. Census Bureau, 10/11; "Poverty: 2009 And 2010," U.S. Census Bureau, 10/11)

  • UNC-Chapel Hill Global Research Institute: Poverty Rates In North Carolina Are "Grim." "[T]here are large numbers of North Carolinians who do in fact fall beneath the federal poverty line. In 2010, 17.4 percent of the state's population was beneath that line - the third highest yearly figure since 1980 - and other statistics are equally grim. In the same year, 25 percent of all children in North Carolina, roughly 560,000, lived in poverty, and over 35 percent of the state's population lived precariously on the economic edge, with incomes less than 200 percent of the federal poverty line." (Peter A. Coclanis and Daniel P. Gitterman, Op-Ed, "Hardship Lingers In North Carolina," The News Observer, 3/12/12)
  • Nearly 670,000 North Carolinians Were Pushed Into Poverty Between 2000 And 2010. "According to a report last week from the Budget and Tax Center, a project of the North Carolina Justice Center, the Great Recession pushed nearly 670,000 North Carolinians into poverty between 2000 and 2010, and suburban areas were particularly hard hit. The poor population grew 13 times more in the suburbs than in urban areas. By 2010, the poverty rate in the suburbs was 13.2 percent." (Editorial, "Poverty Gave A Body Blow To N.C. Suburbs," The Charlotte Observer, 8/13/12)

One In Four North Carolina Children Lives In Poverty. "North Carolina ranks 34th in the nation in terms of the overall wellbeing of its children, according to the Kids Count survey released today. The report by the Annie E. Casey Foundation finds that one in four North Carolina children lives in poverty. The percent of North Carolina children living in families where no parent has full-time, year round employment jumped to 35 percent in 2010."("NC Ranks 34th In Overall Wellbeing Of Its Children," The Associated Press, 7/25/12)

  • The Number Of North Carolina Children Living In High-Poverty Increased From 76,000 In 2000 To 212,000 In 2010. "The number of North Carolina children living in high-poverty neighborhoods more than doubled over the past decade, increasing from 76,000 in 2000 to 212,000, the report showed. Overall, North Carolina ranked 35th in the nation when it comes to its children's economic wellbeing." (NC Ranks 34th In Overall Wellbeing Of Its Children," The Associated Press, 7/25/12)

Obama's Tax Plan Would Devastate North Carolina's Economy

Obama's Plan To Raise Taxes Would Cost North Carolina 21,200 Jobs. (Drs. Robert Carroll and Gerald Prante, "Long-Run Macroeconomic Impact Of Increasing Tax Rates On High-Income Taxpayers In 2013," Ernst & Young LLP , 7/12)

  • Obama's Plan To Raise Taxes Would Cost North Carolina $5.9 Billion In Lost Economic Output. (Drs. Robert Carroll and Gerald Prante, "Long-Run Macroeconomic Impact Of Increasing Tax Rates On High-Income Taxpayers In 2013," Ernst & Young LLP , 7/12)

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