Monday, June 11, 2012

10 Reasons Obama Should Lose in November

At last check:
1. US sovereign debt downgrade-1st time in US history.

2. Federal spending 25% of GDP, highest since WW2.

3. Budget deficit 10% of GDP, highest since WW2.

4. Federal debt 67% of GDP, highest since just after WW2.

5. Employment just at 58.1%, lowest since 1983.

6. Long term unemployment 45.9% of total, highest since great depression.

7. Increase in non-farm payroll only 0.5%, slowest job growth 26 months after a severe recession since WW2.

8. Homeownership down to 59.7%, lowest since 1965.

9. Percentage of taxpayers paying income tax only 49%, lowest in modern era.

10. Government dependency (receiving 1 or more federal benefits) at 47%, highest in US history.

We are at equivalent spending equal to a WORLD WAR spending, and that is mind boggling.

Obviously, this is not working and is not going to be sustainable.
If he wins re-election & at this point its 50/50, it would be because of voters  mistrust of handing the GOP total control of all 3 branches of government or just flat-out mistrust of Mitt Romney

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