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Jan Morgan

About the author: Jan is a nationally recognized 2nd Amendment Advocate/Speaker/ NRA Certified Firearms Instructor/ Associated Press Award winning investigative journalist/ Owner/Editor JanMorganMedia.com, Sr. Editor/Patriot Update/ Independent Constitutional Conservative. She is closely aligned with the Republican/ ... [read 's FULL BIO]

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  • sagebrush6

    Here are the top 10
    economic indicators that Obama doesn’t want you to pay attention to: Reality-

    Unemployment rate

    Despite his promise
    that the nearly $1 trillion 2009 economic stimulus would get America working
    again, the unemployment rate has been above 8 percent for 43 straight months.
    The current 8.1 percent jobless rate woefully understates the reality of problem.
    When taking into account people working part-time who want a full-time job and
    those who have given up looking for work, the rate is over 15 percent. Add in
    recent college graduates working at McDonald’s at the rate tops 18 percent.

    Job creation

    At the Democratic
    convention, Obama was quick to
    praise himself for having presided over the creation of 4.5 million jobs
    “over the last three and a half years.” The only problem is that he doesn’t
    include the jobs lost in the recession earlier in his term. A true reading of
    job creation under Obama shows a net gain of only several hundred thousand and
    he has the worst record on growing employment of any president since World War

    Economic growth

    Remember the
    “recovery summer” that Joe Biden promised in 2010? Or how Obama’s stimulus
    package was going to get the economy moving with all those “shovel-ready” jobs?
    The latest GDP report
    showed anemic
    1.7 percent growth in the second quarter as any short-term benefit from
    Obama’s fiscal shot-in-the-arm has faded and now the nation is facing the
    possibility of a double-dip recession.

    Food stamps

    The one area of
    growth that Obama has presided over is the explosive increase
    in food stamp participation. When he took office in January 2009, fewer
    than 31 million Americans received food stamps. After an aggressive effort by
    the Obama administration to expand the program, now one-out-of-seven Americans,
    over 46 million, are receiving federal food assistance, an increase of 44
    percent during his administration.

    Household income

    Considering that
    consumer spending constitutes the bulk of the nation’s gross domestic product,
    the loss in household income bodes ill for future economic growth. In addition
    to being squeezed by higher prices, families have seen their average income
    drop from $54,916 to $50,969 during Obama’s presidency. Add in the housing
    crisis which damaged the net worth of many families, and there is little hope
    for a consumer-driven recovery.

    Gas prices

    In 2009, when Barack
    Obama was inaugurated president, the price of gasoline was $1.81 per gallon.
    Since then it has more than doubled,
    nearing $4 per gallon, and that was before the recent Middle East turmoil
    threatened to drive prices up. While such events are beyond the control of any
    president, Obama’s reluctance to fully develop domestic oil resources and the
    delay of the Keystone pipeline contribute to the supply-and-demand problem.

    Work-force participation

    The August unemployment
    report contained a somber statistic: some 581,000 Americans have dropped out of
    the work-force and stopped looking for a job. The same report showed only
    91,000 jobs were created in the month. With the number of Americans in the
    workforce—either having a job or looking for one—falling to 63.5 percent, the
    lowest in over 30 years, that kind of job creation doesn’t come close to keep
    up with the nation’s population growth.

    Manufacturing jobs

    At the Democratic
    convention in Charlotte, Obama made the ridiculous pledge
    that he would create one million manufacturing jobs in a second term and double
    the nation’s exports. Of course, he didn’t say how he was going to do that or,
    if it was so easy, why he didn’t create some in his first term. On the
    contrary, the September jobs report from the Labor Department showed the nation
    losing 15,000 manufacturing jobs last month, continuing a streak of monthly


    Don’t look now, but
    inflation is gearing up to come roaring back. The consumer price index rose 0.6
    percent in August and with severe drought in many parts of the United States,
    food prices are likely to take a price hike. And with the Federal Reserve
    starting to pump many billions of dollars into the money supply through its QE3
    plan, the value of the dollar will surely erode.


    One area of growth
    during the Obama Era is in the number of Americans who have fallen into poverty. Since
    Obama took office, the number of people officially living in poverty—defined as
    an annual income of $23,021 for a family of four—topped 15 percent and
    increased from 39.8 million to 46.6 million. Those numbers will likely grow in
    a second term since his policies are more aimed at giving handouts than
    creating a positive climate for job creation.