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Wrong For Iowa Briefing Book

- October 17, 2012

OBAMANOMICS HAS FAILED IOWA

Jobs: Since Obama Took Office, Iowa Has Lost 9,900 Jobs. (Bureau of Labor Statistics, Accessed 10/16/12)

  • In August, The Unemployment Rate In Iowa Increased From 5.3 Percent To 5.5 Percent. (Bureau of Labor Statistics, Accessed 10/16/12)

Failed Stimulus Jobs: Since Obama’s $831 Billion Stimulus Passed, Iowa Has Lost 6,300 Jobs. (Bureau of Labor Statistics, Accessed 10/16/12)

  • Iowa’s Manufacturing Saw A 20 Percent Decline Over The Past Decade, With A Loss Of 51,000 Positions. “Manufacturing, with the state’s third-best-paying jobs at $49,773, has eroded dramatically in Iowa. Jobs tumbled 20 percent over the past decade, a loss of 51,000 positions, based on annual averages.” (Donnelle Eller, “Register Exclusive: Iowans Lose Ground On Income,” Des Moines Register, 8/11/12)

Unemployed: Iowa Has 89,984 Unemployed Seeking Work. (Bureau of Labor Statistics, Accessed 10/16/12)

Median Household Income: Under Obama, Median Household Income In Iowa Has Decreased From $51,172 To $49,427. (U.S. Census Bureau, Accessed 10/16/12)

National Debt: Since Obama Took Office, Each Iowan’s Share Of The National Debt Has Increased By $17,913 To A Total Of $52,333. (US Department Of The Treasury, TreasuryDirect.gov, Accessed 10/16/12)

Tax Hikes: Obama’s Plan To Raise Taxes Would Cost Iowa 8,000 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 Iowa $2 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)

Electricity Rates: Iowa’s MidAmerican Energy Raising Rates “For The First Time Since 1995” By Four Percent In 2012 And Two To Three Percent In 2013. “For the first time since 1995 MidAmerican Energy is raising rates. The company is asking the Iowa Utilities Board for a 2 year rate increase. For 2012, the company is raising prices by 4%, which is about a $2.33 monthly increase for the average homeowner. In 2013, the company is asking for another 2%-3% increase, for the average homeowner that’s about $1.30 more per month.” (Erika Cervantes, “Iowa MidAmerican Rates Increasing,” KWQC News, 2/29/12)

  • MidAmerican Energy Cites EPA Mandated Improvements As Reason For Rate Hike. “MidAmerican’s president says it’s because the EPA is mandating environmental improvements to their plants. The company has to improve the pollution system at their coal fired power plants. Also, freight is costing the company more. A long term coal transportation contract is about to expire and MidAmerican expects the rates to increase dramatically.” (Erika Cervantes, “Iowa MidAmerican Rates Increasing,” KWQC News, 2/29/12)

Gas Prices: Since The Week Obama Took Office, The Average Price Per Gallon Of Gas In Iowa Has Increased From $1.847 To $3.833. (“Current State Averages,” Fuel Gauge Report, 1/16/09; “Current State Averages,” Fuel Gauge Report, 10/16/12)

Food Stamps: Since Obama Took Office, The Number Of People In Iowa Receiving Food Stamps Has Increased By 44 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 10/16/12)

Poverty: Under Obama, 43,945 More People In Iowa Have Fallen Into Poverty. (“Poverty: 2007 And 2008,” U.S. Census Bureau, 10/11; “Poverty: 2010 And 2011,” U.S. Census Bureau, 9/12)

One In Four Iowa Families Are Failing To Keep Up With The Rising Costs Of Living. “Nearly one in four Iowa families are failing to keep up with the rising costs of living, and the Iowa City metropolitan area ranks among the state’s most expensive places for families to live, according to a report issued Thursday.” (Josh O’Leary, “Report: One In Four Iowa Families Failing To Keep Up With Cost Of Living,” Iowa Press Citizen, 5/31/12)

  • Twenty-Three Percent Of Iowa’s Working Households Are Earning Incomes Below What Is Needed To Meet Their Basic Needs. “Twenty-three percent of the state’s working households are earning incomes below what is needed to meet their basic needs, according to a study conducted by the Iowa Policy Project, an Iowa City-based group which bills itself as a non-partisan research group. That’s nearly twice the percentage of Iowans who fall below the federal poverty threshold, the researchers said.” (Josh O’Leary, “Report: One In Four Iowa Families Failing To Keep Up With Cost Of Living,” Iowa Press Citizen, 5/31/12)

Co-Author Of The Iowa Policy Project Report, Lily French: “It’s Clear That Something Must Be Done To Ensure That Iowans Are Able To Both Live And Work In Our Communities.” “‘The results are frankly quite staggering,’ said Lily French, co-author of the report. ‘When you realize this many Iowans are working day in and day out but are unable to meet their basic needs, it’s clear that something must be done to ensure that Iowans are able to both live and work in our communities.’” (Josh O’Leary, “Report: One In Four Iowa Families Failing To Keep Up With Cost Of Living,” Iowa Press Citizen, 5/31/12)

Co-Author Peter Fisher: “The Study Highlights The Inadequacy Of The Government Standards Used To Determine The Eligibility For A Number Of State And Federal Programs.” “Co-author Peter Fisher said with the research showing almost double the number of Iowa families unable to meet basic costs of living than fall below the federal poverty threshold, the study highlights the inadequacy of the government standards used to determine eligibility for a number of state and federal programs.” (Josh O’Leary, “Report: One In Four Iowa Families Failing To Keep Up With Cost Of Living,” Iowa Press Citizen, 5/31/12)

Childhood Poverty: In Iowa, The Percentage Of Children In Poverty Has Increased From 14 Percent In 2005 To 16 Percent In 2010. “The percentage of children in poverty has increased from 14 percent in 2005 to 16 percent in 2010. An increasing percentage of Iowa children are living in poverty and a quarter of the state’s children have parents who lack secure employment, according to a national study released Wednesday.” (Mary Stegmeir, “Child Poverty Is Growing Across Iowa, Report Finds,” Des Moines Register, 7/26/12)

  • “The Percentage Of Children Living In Households With A High Housing Cost Burden Increased From 25 Percent In 2005 To 27 Percent In 2010.” (Mary Stegmeir, “Child Poverty Is Growing Across Iowa, Report Finds,” Des Moines Register, 7/26/12)


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