Elkhart, Indiana: Obama Touts His Economic Success

Last week, while giving a speech on the economy in Elkhart, Indiana, President Obama said this:

“By almost every economic measure, America is better off than when I came here at the beginning of my presidency. That’s the truth.”

The problem with that statement is that it isn't "the truth".  The folks at Zero Hedge, a business, stock market, and economics site, presented this series of 9 graphs to refute it:

Pink Shading Obama's Term in Office...Click on image to enlarge

This is a President who has increasingly presided over one negative economic record after another.  And, there is another not included in the above records: The highest number of Americans in poverty --  nearly one in seven -- since Lyndon Johnson declared a "War on Poverty" more than 50 years ago.  Also, Obama is slated to have the 4th worst economic record in the history of the country.  Only Herbert Hoover, Andrew Johnson, and Teddy Roosevelt were worse.

This President not only thinks, but knows, that most people will believe his lies because they don't understand all the facets and facts that make up the economy, and aren't interested in researching what he says.  And, for sure, the liberal media isn't going to do their job and expose his lies.

References:

Obama visits Elkhart to discuss economy: http://www.idsnews.com/article/2016/06/obama-in-elkhart

Chart Source: These Are The 9 Zero Hedge Charts Showing "Obama's Recovery" That Angered The Washington Post: http://www.zerohedge.com/news/2016-06-03/these-are-9-zero-hedge-charts-showing-obamas-recovery-angered-washington-post

Record 46.7 Million Americans Live In Poverty; Household Income Back to 1989 Levels: http://www.zerohedge.com/news/2015-09-16/record-467-million-americans-live-poverty-median-houshold-income-back-1989-levels

Barack Obama's Sad Record on Economic Growth | RealClearMarkets:  http://www.realclearmarkets.com/articles/2016/02/01/barack_obamas_sad_record_on_economic_growth_101987.html

More Proof That Obama's Stimulus Was A Failure

As most people know, the unemployment rate only proceeded to go higher following the passage and roll out of Obama's Stimulus Package. Now, comes some more proof that the "stimulus" was a failure.

A recently released report, Household Income Trends During the Recession and Economic Recovery, has determined that the average household income fell nearly 10% since the beginning of the recession in 2007; from $55,309 to today's $49,909. But, what's more disturbing is the fact that, during the years that the stimulus was being applied, household incomes fell at a rate that was double that of the actual recession years. In fact, during the recession (2007 to mid-2009), incomes lost 3.2 percent. But during the years forward of that period, at the height of stimulus spending, the average household income lost a whopping 6.7 percent.

It's facts like these that should make anyone uncomfortable about Congress' passage of another one of Obama's recovery plans; especially his current jobs bill which is just a repackaging of his original stimulus package with a new name and half the amount of money.