Friday, May 3, 2013

FactCheck Economy Report Card

FactCheck.org did a report card on the economy since President Obama took office and published some key statistics.  Make what you will of them, some good some not.
Summary Reviewing some key statistical measures of Barack Obama’s presidency so far, we find:
  • The economy has added more jobs since Obama took office than it did in his predecessor’s entire eight years in office.
  • Despite the improved economy, the number of people receiving food-stamp assistance has continued to grow, and now more people have been added to the food-stamp rolls under Obama than under any single previous president.
  • Federal spending under Obama has grown faster than inflation, but far more slowly than it did under President Bush.
  • Federal debt held by the public has grown by 90 percent since Obama took office.
  • Obama has ordered seven times more drone strikes than Bush in the covert conflicts in Pakistan and Yemen, according to independent estimates.
  • Domestic oil production has soared; oil imports have dropped by one-third; new cars are getting 17 percent better mileage; and wind and solar power have increased 157 percent.

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