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Mail
Magazine 24
Nine
Economic Facts That May
Determine Tuesday's Election
by Wynton Hall
Democrats
and Republicans alike
agree that jobs and the economy are the dominant issues that will drive
Tuesday’s presidential outcome.
Here,
then, is a look at nine
economic facts facing Americans as they head to the polls:
1.
Every fifth man in America is
out of a job. Black male unemployment is now at the highest rate it has
ever
been since the U.S. government began collecting statistics on the
subject in
1972. Just 56.9 percent of black men over the age of 20 are now working.
2.
Every seventh person you pass on
the sidewalk now relies on food stamps, a figure that represents 46.7
million
Americans.
3.
On the last day of President George
W. Bush's presidency, gas prices were $1.84 a gallon. Today under
President
Barack Obama, the average price of a gallon of gas costs $3.56.
4.
In 2006 and 2007, 90% of all
college graduates found a job. Under Obama, just 56% of college
graduates are
able to find a job.
5.
More than one in four U.S.
homeowners are "under water" or owe more than their homes are
worth. The
housing crisis has destroyed
$7 trillion in U.S. household wealth. Another 9.5 million homes are
still at
risk of default.
6.
President Obama has increased
the national debt more in three years than George W. Bush did in eight.
Under
Bush, the debt rose $4.899 trillion in eight years. In three years, the
debt
has increased by $4.939 trillion under Obama.
7.
27 percent of black Americans
now live in poverty, a two percent increase since 2009.
8.
According to the recent Bureau
of Labor Statistics report, the unemployment rate for black Americans
now
stands at a staggering 14.3 percent, a figure well above the already
high
national unemployment rate of 7.9 percent.
9.
A record 88,921,000 Americans are no
longer in the labor force.
On
Tuesday, Mr. Obama will face
voters with the highest unemployment rate of any incumbent since
Franklin
Delano Roosevelt.
Source:
Breitbart
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