Records Set on Obama’s Watch

http://www.washingtonpost.com/politics/gingrich-think-tank-collected-millions-from-health-care-industry/2011/11/16/gIQAcd72VN_allComments.html?ctab=all_&#weighIn

“whodunit1” wrote on  November 18, 2011: 

1. U.S. sovereign debt downgrade: first in American history.

2. Federal spending (25% of GDP): highest since WW II

3. Budget deficit (10% of GDP); highest since WW II

4. Federal Debt (67% of GDP); highest since just after WW II

5. Employment (58.1% of population working): lowest since 1983

6. Long-term unemployed (45.9% of total): highest since 1930s

7. Increase in nonfarm payroll employment (0.5%) since recovery began 26 months ago, slowest job growth 26 months after a severe recession since WW II

8. Home ownership rate (59.7): lowest since 1965

9. Percentage of taxpayers paying income tax (49%): lowest in modern era

10. Government dependency (47%), defined as the percentage of persons receiving one or more federal benefit payments: highest in American history  

Sources: Standard and Poor’s, Office of Management and Budget, U.S. Bureau of Labor Statistics, Morgan Stanley, Joint Committee on Taxation, and the U.S. Census