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They Said It! White House Claims Economy Has “Vastly Improved” Since Obama Took Office

- July 21, 2011

White House Claims Economy Has “Vastly Improved” Since Obama Took Office   

Click To Watch White House Press Secretary Jay Carney Claim The Economy Has "Vastly Improved"

White House Press Secretary Jay Carney: “Well, two things remain uncontestably true. The economy is vastly improved from what it was when Barack Obama was sworn into office as President.” (Jay Carney, White House Press Briefing, Washington, D.C., 7/21/11)

Obama’s “Stewardship”:

Since President Obama Took Office, The Nation Has Lost 2.5 Million Jobs. (Bureau Of Labor Statistics, BLS.gov, Accessed 7/21/11)

The Unemployment Rate Increased From 7.8 Percent To 9.2 Percent. (Bureau Of Labor Statistics, BLS.gov, Accessed 7/21/11)

Since President Obama’s $831 Billion Stimulus Bill Passed The Unemployment Rate Has Increased From 8.2 Percent To 9.2 Percent. (Bureau Of Labor Statistics, BLS.gov, Accessed 7/21/11)

  • Rather Than Keeping Unemployment Below Eight Percent, The Unemployment Rate Has Remained Above Eight Percent For A Post-WWII Record 29 Straight Months. (Bureau Of Labor Statistics, BLS.gov, Accessed 7/21/11) 

The Average Length Of Unemployment Has Risen From 19.9 Weeks To 39.9 Weeks. (Bureau Of Labor Statistics, BLS.gov, Accessed 7/12/11) 

  • The Number Of Americans Unemployed For 27 Weeks Or Longer Has Risen From 2.7 Million To 6.3 Million. (Bureau Of Labor Statistics, BLS.gov, Accessed 7/12/11)
  • The Real Unemployment Rate, Including Those Who Are Working Part-Time For Economic Reasons, Has Risen From 14.1 Percent To 16.2 Percent. (Bureau Of Labor Statistics, BLS.gov, Accessed 7/12/11)

Since President Obama Took Office, The National Debt Has Increased By $3.7 Trillion. (Department Of The Treasury, "The Debt To The Penny And Who Holds It," TreasuryDirect.gov, Accessed 7/21/11)

  • Currently, The Total Debt Of The US Government Is $14.3 Trillion Dollars. (Department Of The Treasury, "The Debt To The Penny And Who Holds It," TreasuryDirect.gov, Accessed 7/21/11)
  • Obama’s FY2012 Budget Adds $12 Trillion In New Debt Through 2021. (Fiscal Year 2012 Budget Of The U.S. Government, Office Of Management And Budget, 2/14/11) 

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