Let's take an look at the actual numbers to see how the US economy is doing under our new President who believes he is King.
Warning: These numbers are frightening and are only the beginning of where this economy is going under the arrogant airhead.
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Long Term Interest Rates - The 10 year treasury rate has increased 44%, from a rate of 2.40 to 3.47 since January 20th, inauguration day. Likewise, the 30 year treasury has increased 46% during Obama's reign.
Result: Higher Cost of Living
http://www.ustreas.gov/offices/domestic-finance/debt-management/interest-rate/yield_historical.shtml
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Unemployment Rate - When Obama was elected the unemployment rate was 6.8%. When he was inaugurated it was 7.6%. The King got his stimulus package and everything else he wanted. He promised that this would quickly turn the economy around. History has proven him to be a liar just as many of us said it would. The unemployment rate is now at 9.4% and still climbing.
http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?series_id=LNS14000000
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Budget Deficit - Looks like it might be around 2 trillion this year which would be as much money as the federal government receives in a single year. In other words, under Obama the federal government will spend twice the amount of money it receives.
This is of course financial suicide and why the interest rates are already skyrocketing. And if you think the budget deficit is huge now, just wait until the unemployment rate and interest rates are higher.
As Obama himself recently said, "You haven't seen anything yet!". But he was saying to emphasize how great they are doing so far and indicating that if you think we've done great things so far just wait until you see what we are going to do in the future.
You have to laugh when he makes statements like this in the face of the facts.... which clearly shows what I realized soon after the man took office.... he is actually a master comedian looking for laughs instead of a man who is seeking to be taken seriously.
The only other choice is that he is a clueless doofus... you decide which is correct.
These are the facts, so to all you Obama supporters I have to ask.... how's that hope and change thing working out so far?
J. Cogburn
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