REAL STATE OF THE UNION
FACT: In the last 3 years, America has lost 1.7 million jobs.
SOURCE: Washington Post, 1/6/12; Bureau of Labor Statistics
America has lost a total of 1.7 million jobs since the day when Barack Obama took office three years ago. Despite Obama’s promise that his “stimulus” package would keep unemployment under 8%, America’s unemployment rate has been stuck at 8% or higher for 35 straight months.
“There are 1.7 million fewer jobs in the country now than when Obama took office, according to government data…” (Washington Post, 1/6/12)
FACT: Since 2009 our renewable energy consumption has increased only 6%.
SOURCE: U.S. Energy Information Administration
Despite President Obama’s pledge to double our supply of renewable energy, statistics from the U.S. Energy Information Administration show that renewable energy use increased only 6% between 2009 and 2010.
FACT: The California energy company, Solyndra, went bankrupt and cost taxpayers $535 million and 1,100 jobs.
SOURCE: Washington Post, 8/31/11
Solyndra has emerged as one of the biggest scandals of the Obama administration. The California company, backed by a wealthy Obama fundraiser named George Kaiser, went bankrupt after being awarded a $535 million loan guarantee. Secretary of Energy Steven Chu has testified that taxpayers are unlikely to re-coup most of that money and 1,100 workers lost their jobs in the company’s collapse.
“A company that served as a showcase for the Obama administration’s effort to create jobs in clean technology shut down Wednesday, leaving 1,100 people out of work and taxpayers obligated for $535 million in federal loans.
Solyndra, a California solar panel maker, had long been an administration favorite…Solyndra officials said in a news release that they were suspending operations and planned to seek Chapter 11 bankruptcy protection.” (Washington Post, 8/31/11)
“Energy Secretary Steven Chu told lawmakers he was responsible for the $535 million U.S. loan guarantee to Solyndra LLC and said he doubted much of the money would be recovered after the company’s bankruptcy…Asked how much of the taxpayer funding invested in Solyndra may be recovered, Chu, 63, said, “I’m anticipating not very much.” …Representative Steve Scalise, a Louisiana Republican, asked who would be paid first as money is recouped from the sale of Solyndra’s assets. “Does the taxpayer have first dibs?” Scalise said. “After restructuring? No,” Chu responded.” (Bloomberg, 11/17/11)
FACT: The President waited nearly 3 years before signing any trade deals.
SOURCE: Associated Press, 10/21/11
It took President Obama until October 2011, nearly 3 years after he took office, to sign free trade deals with South Korea, Colombia and Panama. They were the first trade deals signed by his administration.
One major reason for the delay: according to the Wall Street Journal, the Obama administration had not yet sent the deals to Congress.
“President Barack Obama signed off Friday on the first three — and possibly last — free trade agreements of his administration, deals with South Korea, Colombia, and Panama…” (Associated Press, 10/21/11) “President Obama says he wants to get the U.S. economy growing, so here’s a tip that may help: In order for Congress to ratify free-trade agreements, the White House must first send the signed deals to the other end of Pennsylvania Avenue. On his three-state tour in the Midwest this week, Mr. Obama repeatedly told audiences that the Korea, Colombia and Panama free-trade deals would all be law by now if not for an obstructionist Congress. Passing the deals is something Congress “could do right now,” he said. Except that’s not true. Congress can’t pass the agreements “right now” because it doesn’t have them. They are still sitting on the President’s desk. Seriously.” (Wall Street Journal, 8/20/11)
FACT: The 2012 budget deficit is still over $1 trillion.
SOURCE: Business Week, 2/14/11
Despite President Obama’s promise to tackle the deficit, his 2012 budget is still estimated to run a deficit of over $1 trillion. The budget deficit has been over $1 trillion every year since Obama has been in office.
“President Barack Obama sent Congress a $3.7 trillion budget that projects the federal deficit will exceed $1 trillion for the fourth consecutive year in 2012…The deficit for the current fiscal year is forecast to hit a record $1.6 trillion — 10.9 percent of gross domestic product — up from the $1.4 trillion the administration estimated previously. It would be $1.1 trillion in 2012, 7 percent of GDP.” (Business Week, 2/14/11)
FACT: 8 in 10 Americans are still dissatisfied with Washington.
SOURCE: Gallup poll, 9/26/11 & 1/11/12
Surveys from leading polling institutions like Gallup consistently show that despite President Obama’s pledge to transform and restore confidence in Washington, American public opinion of government, politicians and the direction of the country in general are at or near all-time lows.
This Gallup poll found 81% of Americans dissatisfied with the way the country is being governed, while this Gallup poll found satisfaction with the way things were going in the United States at only 18%.