Obama's Economy, By the Numbers

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Barack Obama"The economy is not in recovery," Mitt Romney said at a pre-debate rally in Denver. "We're not seeing the real recovery. The president's policies have not worked. He doesn't get that. He doesn't understand that. We must get America growing again with a strong economy."

And indeed, more than three years after the official end of the recession, America's economy is in mixed shape. Corporate profits are at an all-time high, but the unemployment rate remains above 8%. Indicators of poverty are similarly grim, although the Dow Jones Industrial Average is back to pre-crisis levels.

With an eye toward capturing some snapshots of the economy before and after the advent of Obama, DailyFinance has compiled the following index of stats relating to jobs, housing and business. Take a look in advance of tonight's debate on domestic policy, when the question of the president's impact on the economy will be very much at issue.

Median household income when Barack Obama entered office (January 2009): $54,983

Median household income in June 2012: $50,964

Percent by which median household income fell in the two years after the end of the recession in June 2009: 4.1

Disposable income per capita in 2008: $33,229

Disposable income per capita in the first quarter of 2012, at an annualized rate: $32,677

Total non-farm payrolls in January 2009: 133.561 million

Total non-farm payrolls in August 2012: 133.686 million

Net change in number of jobs under Obama: +125,000

Median weeks of unemployment for a jobless worker in January 2009: 10.7

Median weeks of unemployment for a jobless worker in August 2012: 18.0 (down from a peak of 25.0 in June 2010)

People participating in Supplemental Nutrition Assistance Program (food stamps) in January 2009: 31,983,716

People on food stamps in June 2012: 46,670,373

Poverty rate in 2009: 13.2% (up from 12.5% in 2008)

Poverty rate in 2011: 15.1%

Corporate profits in 2008, the final year of George W. Bush's presidency: $1.2 trillion

Corporate profits in 2009, 2010, and 2011, respectively: $1.4 trillion, $1.8 trillion, $1.9 trillion

Projected 2009 federal deficit when Obama took office: $1.2 trillion (up from $458 billion in 2008)

Actual 2009 deficit: $1.41 trillion

Estimated 2012 deficit: $1.33 trillion

U.S. Consumer Confidence Index in January 2009: 37.4

U.S. Consumer Confidence Index in September 2012: 70.3

Median home sale price in January 2009, and the number of new homes sold that month: $208,600/24,000

Median home sale price in August 2012, and the number of new homes sold that month: $256,900/31,000

Number of homeowners who President Obama claimed would be helped by government-backed mortgage modification: "as many as three to four million"

Number who had applied for aid as of May 2012: 4.3 million

Number who had received government-sponsored modifications: 1 million

Percent of Americans who are "dependent upon government," according to Mitt Romney: 47

Actual percent of Americans who have benefited from government help, including breaks in the tax code: 96

Sources

Median household income: Census Bureau (via Forbes)

Fall in median household income since end of recession: Pew Research Center

Disposable income per capita: Bureau of Economic Analysis (via Politifact)

Non-farm payrolls: Bureau of Labor Statistics (via Huffington Post)

Median weeks unemployed: Bureau of Labor Statistics

Food stamps: Agriculture Department (via Politifact)

Poverty rate: Census Bureau (via Politifact)

Corporate profits: Bureau of Economic Analysis (via Politifact)

Projected 2009 federal deficit: The New York Times

2009 and 2012 deficits: Office of Management and Budget (via Politifact)

Consumer confidence: The Conference Board (via Politifact and The Sacramento Bee)

Median home sale price: Census Bureau (via Politifact)

Number of new homes sold: Census Bureau (via Politifact)

Mortgage modification: Treasury Department (via The New York Times)

Percent of Americans who have benefited from government help: Suzanne Mettler of Cornell and John Sides of George Washington University (via Bloomberg)


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19 Comments

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ha6ai

"NONPARTISAN"??? LOL!

AOL/HuffPuff are the most outrageously partisan blogs on the web!! What a joke!! This is the Obama-propaganda machine!!

One example: Obama has created ZERO jobs, and there are fewer workers now than when he was elected, and worse, the working-age work force has grown tremendously - so the real unemployment rate is even worse. The real unemployment rate is over 15% (U6):

"The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment."

When you include the long-term discouraged workers, the unemployment rate is over 22%.

http://www.shadowstats.com/alternate_data/unemployment-charts

In 4 years he has wasted trillions of dollars in corrupt give-aways to his corrupt supporters. Our deficit has gone up over $5 Trillion, to over $16 Trillion, the middle class has lost income and one-third of its "wealth", and he is taxing the hell out of the middle class!

"Non-Partisan" from Huff/Puff AOL - that is one sick joke!

October 03 2012 at 8:57 PM Report abuse -1 rate up rate down Reply
dus48

all this spinning is not going to get us anywhere.why arent banks lending?do they know something the rest of dont.keep printing and than come january we will be told the exact truth.

October 03 2012 at 6:33 PM Report abuse +1 rate up rate down Reply
corvettelover199

most troubling statistic is......125,000 net jobs in 4 yrs. ...millions more have been added to the work force since 2009, so that means millions more people are without work now, then were in 2009, and those that are working are making less money.And not only are they making less money, they can buy even less because inflation has risen every year.corporate profits up and stocks up...so, the rich got richer and the midddle class and poor got poorer. hmmmmm.and Obama has claimed he has strengthened the middle class? i guess he figures less people in middle class makes it stronger.

October 03 2012 at 6:22 PM Report abuse -5 rate up rate down Reply
jdykbpl45

Bought gas lately?

October 03 2012 at 5:11 PM Report abuse -2 rate up rate down Reply
2 replies to jdykbpl45's comment
ocamelpooh

No I can't afford a car with no job.

October 03 2012 at 5:20 PM Report abuse -4 rate up rate down Reply
ocamelpooh

The last time I had a job was in 2008 when Bush was the president, when Obama took over I lost my job,my house, my car, and my wife divorced me.Now I live in my brother's garage with no heat. I do have a sub zero sleeping bag though, and I have a little grill to cook hotdogs on outside. Food stamps don't go far though these days.

October 03 2012 at 5:26 PM Report abuse -4 rate up rate down Reply
ocamelpooh

Poverty in 2011 15.1 % , that's unacceptable for positive economic growth.

October 03 2012 at 4:58 PM Report abuse -4 rate up rate down Reply
1 reply to ocamelpooh's comment
cpo1514

If the Occupant wants the USA to live in tents he is well on his way to making America a third world nation....

October 03 2012 at 5:21 PM Report abuse -2 rate up rate down Reply
Somey

We have had grid lock in the government, how can anything good come out of that?

October 03 2012 at 4:36 PM Report abuse +1 rate up rate down Reply
1 reply to Somey's comment
ocamelpooh

Obama started the gridlock during the legislation process of Obama care, then he divided the nation.

October 03 2012 at 4:40 PM Report abuse rate up rate down Reply
ggschk

A BIG FAT F FOR OBAMA

October 03 2012 at 4:25 PM Report abuse rate up rate down Reply
dus48

wait till january.than we definitely will get the rigt picture.we will keep printing right now .than it will all unravel.we have our heroes who have given their lives for this great country overseas.they were not protected.right now its all about the spin as they say.

October 03 2012 at 3:59 PM Report abuse rate up rate down Reply
dus48

wait till january.than we definitely will get the rigt picture.we will keep printing right now .than it will all unravel.we have our heroes who have given their lives for this great country overseas.they were not protected.right now its all about the spin as they say.

October 03 2012 at 3:58 PM Report abuse +2 rate up rate down Reply
"Run-A-Way Bill"

Corporations ARE making money, but they appear to be keeping it (what they don't over-pay their tops executives with anyway)!

Give them more tax breaks and they WILL earn more (and keep that in their pockets too).

Not that they shouldn't ... it's just they could be hiring more with all those extra millions (& billions).

October 03 2012 at 3:52 PM Report abuse +4 rate up rate down Reply
1 reply to "Run-A-Way Bill"'s comment
cpo1514

Yes.... these are the SAME COMPANIES that give millions of $$$$ to this incompetent POS. Now they are in China and the Occupant loves it.!

October 03 2012 at 5:24 PM Report abuse -5 rate up rate down Reply