Contribute
CONNECT:

research

The Big Fail - They Said It!

- December 1, 2011

Obama Says Country Has Made “Enormous Progress” Despite Being Worse Off Under His Tenure

President Barack Obama: “So the bottom line is this:  Over the last three years we have made enormous progress.  People aren’t feeling all that progress yet because we had fallen so far and some of the problems that we faced -- whether it was on health care or energy or employment -- those are problems that had been building up over decades.  And we never anticipated that we would solve them over night because these problems weren’t created overnight.  But the trajectory of the country at this point is sound.” (President Barack Obama, Remarks At Campaign Event With Wealthy Donors, New York, NY, 11/30/11)

FLASHBACK: Obama Attacked Use Of “Great Progress” To Describe American Economy In 2008

Then-Candidate Barack Obama, Circa August 21, 2008: “He said a while back that he thought we had made great progress economically during the years that George Bush has been in office. Now that raised some eyebrows. Great progress economically – who’s he talking to?” (Barack Obama, Remarks At Campaign Event, Chester, VA, 8/21/08)

DOES OBAMA’S RECORD OF FAILURE COUNT AS “ENORMOUS PROGRESS?”

Since President Obama’s $825 Billion Stimulus Bill Passed, The Nation Has Lost 1.3 Million Jobs And The Unemployment Rate Has Increased From 8.2 Percent To 9.0 Percent. (Bureau Of Labor Statistics, Accessed 11/4/11)

Since President Obama Took Office, The National Debt Has Increased $4.4 Trillion, An Increase Of Over 41 Percent. (US Treasury Department, Treasury Direct, Accessed 11/30/11)

22.1 Percent Of Residential Mortgages, Over 10 Million Properties, Are Underwater. “The number of properties with so-called negative equity -- in which the amount owed on the mortgage exceeds the property's value -- was 10.7 million, or 22.1 percent of all residential properties with a mortgage.” (Leah Schnurr, “Underwater Homes Ease Modestly In Q3: Core Logic,” Reuters, 11/29/11)

“Americans Are Two Years Into A Recovery That Doesn't Feel Much Different To Many Of Them From Life During The Most Bruising Recession In Seven Decades.” (Brenda Cronin, “Slow Recovery Feels Like Recession,” The Wall Street Journal, 10/31/11)

  • “No Recession Since The Great Depression Was Deeper Or Longer Than The Most Recent.” (Brenda Cronin, “Slow Recovery Feels Like Recession,” The Wall Street Journal, 10/31/11)
  • “Only 21% Of Americans Responding To The October Wall Street Journal/NBC News Poll Said They Expected The Economy To Improve In The Next 12 Months.” (Brenda Cronin, “Slow Recovery Feels Like Recession,” The Wall Street Journal, 10/31/11)

The Number Of Americans Living In Poverty Has Reached Record Highs

Since President Obama Took Office, 6.3 Million Americans Have Fallen Into Poverty. (Press Release, “Income, Poverty And Health Insurance Coverage In The United States: 2010,” U.S. Census Bureau, 9/13/11)

  • In 2010, The Number Of Americans Living In Poverty (46.2 Million) Reached The Highest Level On Record. (Press Release, “Income, Poverty And Health Insurance Coverage In The United States: 2010,” U.S. Census Bureau, 9/13/11)

Record Numbers Of Americans Are Dependent On Food Stamps

There Are 13.8 Million More Americans On Food Stamps Than Since Obama Took Office, An Increase Of 43.3 Percent. (Supplemental Nutrition Program, Department Of Agriculture, 10/31/11)

“The Number Of Americans Receiving Food Stamps Reached A Record 45.8 Million In August, The Government Said.” (Alan Bjerga, “U.S. Food-Stamp Use Reaches Record 45.8 Million, USDA Says,” Bloomberg, 11/2/11)

  • The Number Of Americans On Food Stamps Is 8.1 Percent Higher Than One Year Ago. “The figure was 1.1 percent higher than the previous month and 8.1 percent more than a year earlier, the U.S. Department of Agriculture said today in a report on its website” (Alan Bjerga, “U.S. Food-Stamp Use Reaches Record 45.8 Million, USDA Says,” Bloomberg, 11/2/11)

Incomes Have Fallen To The Lowest Levels In More Than A Decade

Median Income Is At Its Lowest Level Since 1997. “The report also indicated that median household income, adjusted for inflation, was lower last year than any year since in 1997.” (Reid J. Epstein, “Poverty Rate Highest In 18 Years,” Politico, 9/13/11)

  • “Inflation-Adjusted Median Household Income In The U.S. Fell 2.3% In 2010 From A Year Ago, To $49,445.” (Don Lee, “Record 46.2 Million Americans Live In Poverty, Census Bureau Says,” Los Angeles Times, 9/13/11)

“Taken Together, The Data All Point To The Severe And Widespread Financial Strains Of A Nation In The Throes Of An Economic Crisis.” (Don Lee, “Record 46.2 Million Americans Live In Poverty, Census Bureau Says,” Los Angeles Times, 9/13/11)

AMERICAN VOTERS DO NOT AGREE WITH OBAMA AT ALL

Only 21 Percent Of Voters Say The Next Generation Will Be Better Off Economically. “A severe crisis of national confidence grips the country. Only 21 percent believe the next generation will be better off economically than the current one. Two-thirds say it will not.” (James Hohmann, “Battleground Poll: Obama Vulnerable,”Politico, 11/13/11)

When Asked For A Single Word About How Respondents Feel About The Country, 58 Percent Had Negative Responses, Including “We’re In The Gutter.” “The poll asked respondents to give a single word or short phrase to best describe how they feel about where things stand in the country. Some of the answers: ‘We are in the dump.’ ‘Very unstable.’ ‘We’re in the gutter.’ ‘Very challenging.’ Overall, 58 percent of these responses are negative, 33 percent are neutral and just 9 percent are positive.” (Mark Murray, “NBC Poll: Despite National Pessimism, Obama Tops GOP Foes,” MSNBC11/7/11)

86 Percent Of Americans Are Dissatisfied With The Direction The Country Is Headed, While Just 12 Percent Are Satisfied. “The ongoing concern about the economy helps explain the high level of dissatisfaction with current conditions in the United States. Now, 12% of Americans are satisfied and 86% dissatisfied with the way things are going in the U.S. Satisfaction has ranged between 11% and 13% since August, slightly above Gallup's historical low rating of 7% in October 2008.” (Jeffrey Jones, “Jobs, Economy Remain Dominant Concerns for Americans,” Gallup11/14/11)


Previous post

Bowles? Simpson?

Next post

Give Yourself A Pat On The Back
Republican National Committee

Connect With Us

Republican National Committee
Chairwoman Ronna McDaniel
News & Videos
  • 310 First Street SE, Washington, DC 20003
  • 202-863-8500

By providing your phone number, you are consenting to receive calls and SMS/MMS msgs, including autodialed and automated calls and texts, to that number from the Republican National Committee. Msg&data rates may apply. Terms & conditions/privacy policy apply 80810-info.com.

Paid for by the Republican National Committee. Not Authorized By Any Candidate Or Candidate's Committee. www.gop.com

By providing your phone number, you are consenting to receive calls and SMS/MMS msgs, including autodialed and automated calls and texts, to that number from the Republican National Committee. Msg&data rates may apply. Terms & conditions/privacy policy apply 80810-info.com.

Paid for by the Republican National Committee.
Not Authorized By Any Candidate Or Candidate's Committee. www.gop.com