OBAMA PHONE – OBAMA GIVES
AWAY FREE PHONES, costing
And now with the election right upon us, leave it to Obama to find another way to woo voters – by giving away free phones to his market of low income people.
OBAMA PHONE – OBAMA GIVEAWAY COSTS TAXPAYERS BIG, MORE
Though “the Obama Phone” has been around for a while, today it has just gotten viral-attention as a pre-election talking point.
“The Obama Phone” is a free phone from yet another President Barack Obama government program that gives to the financially-needy via the United States taxpayers’ money. The program alleges that communication should not only be for those people who can afford it.
Prior to Obama’s becoming-publicized free phone, there has been another program in the past – The Lifeline Program – which gave financial assistance for low-income families to afford land lines. According to persons who have engaged in the newer Obama cell phone program, the newer program actually gives them a cell phone with an allotted number of minutes per month.
Executive Summary (Scribd.com) News that the poverty rate has risen to 15.1 percent of Americans, the highest level in nearly a decade, has set off a predictable round of calls for increased government spending on social welfare programs. Yet this year the federal government will spend more than $668 billion on at least 126 different programs to fight poverty. And that does not even begin to count welfare spending by state and local governments, which adds $284 billion to that figure. In total, the United States spends nearly $1 trillion every year to fight poverty. That amounts to $20,610 for every poor person in America, or $61,830 perpoor family of three.
Since President Obama took office, federal welfare spending has increased by 41 percent, more than $193 billion per year.(Nearly $500 billion total in welfare this year.) Despite this government largess, more than 46 million Americans continue to live in poverty. Despite nearly $15 trillion in total welfare spending since Lyndon Johnson declared war on poverty in 1964, the poverty rate is perilously close to where we began more than 40 years ago.
Clearly we are doing something wrong. Throwing money at the problem has neither reduced poverty nor made the poor self sufficient. It is time to reevaluate our approach to fighting poverty. We should focus less on making poverty more comfortable and more on creating the prosperity that will get people out of poverty.
OBAMA PHONE – OBAMA GIVEAWAY COSTS TAXPAYERS BIG, MORE
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A scorecard on the economy under Barack Obama
By Louis Jacobson
Published on Friday, June 1st, 2012 at 4:01 p.m.
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End of agreement.
Were the country’s economic troubles deeper than expected when Obama took office in January 2009? Were his ideas and actions effective in righting the nation’s economic ship? Are things getting better? If so, are they getting better fast enough?
From both parties, the political rhetoric will be contentious for the next five months and, by its very nature, oversimplified. But below the fury there are objective metrics as to how the economy has performed on Obama’s watch and where it stands today.
PolitiFact.com, the independent fact-checking operation of the Tampa Bay Times, has produced a scorecard — key economic measures to track where the economy stood a year before Obama took office, where it was when he assumed power and how it has trended through May 2012.
We’ve gathered statistics for everything from corporate profits to the price of ground chuck. To help you see which ones are up or down, we’ve shaded most of the statistics from white (the most positive number) to dark (the least positive). We offer figures for 2008, 2009, 2010, 2011 and 2012 — either an annual figure for the whole year or the monthly figure for January of that year. We also added a column for the most recent figures available.
Some analysis suggests the mixed record that most Americans feel:
• Gasoline prices, the rate of poverty, food stamp use and the federal debt are worse today than when the president took office.
• The unemployment rate, personal income and the stock market turned worse but are improving.
• Corporate profits, mortgage rates and the level of consumer debt are better today.
But the point of the scorecard is for you, the voters and consumers of political speech, to have factual measures by which to judge what you hear. The perspective you bring to it is all yours.
About these charts
To help you see how the numbers trend, we’ve shaded the statistics from white (the most positive number) to dark (the least positive). We haven’t shaded the numbers for government jobs because of differing opinions over whether more government employment is helpful to the economy.
|Broader unemployment rate “U-6″||9.2%||14.2%||16.7%||16.1%||15.1%||14.8%|
|White unemployment rate||4.4%||7.1%||8.7%||8.1%||7.4%||7.4%|
|Black unemployment rate||9.1%||12.7%||16.5%||15.7%||13.6%||13.6%|
|Hispanic unemployment rate||6.5%||10%||12.6%||12%||10.5%||11%|
|Total private-sector jobs||115.6 M||111 M||106.8 M||108.2 M||110.5 M||111 M|
|Total government jobs||22.4 M||22.6 M||22.5 M||22.2 M||22 M||22 M|
|Median weeks unemployed||9||10.7||20.1||21.7||21.1||20.1|
|Yearly GDP||$13.2 T||$12.7 T||$13.1 T||$13.3 T||–||$13.5 T|
|Disposable personal income per capita||$33,229||$32,166||$32,481||$32,667||–||$32,677|
|People receiving food stamps||–||32 M||39 M||44 M||46 M||46 M|
|Median home sale price||$232,400||$208,600||$218,200||$240,100||$221,700||$235,700|
|New homes sold in that month||44,000||24,000||24,000||21,000||23,000||33,000|
|Existing home sales, annualized||4.2 M||3.8 M||4.2 M||4.5 M||4.6 M||4.6 M|
|Corporate profits||$1.2 T||$1.4 T||$1.8 T||$1.9 T||–||–|
|Dow Jones Industrial Average||13,044||9,035||10,584||11,671||12,397||12,393|
|Food and beverage inflation||4.8%||5.2%||-0.4%||1.8%||4.4%||3.1%|
|Loaf of white bread||$1.32||$1.40||$1.36||$1.40||$1.42||–|
|Pound of ground chuck||$2.78||$2.99||$2.84||$3.07||$3.32||–|
|Gallon of milk||$3.84||$3.34||$3.21||$3.39||$3.53||–|
|Pound of apples||$1.28||$1.11||$1.07||$1.13||$1.18||–|
|Pound of sugar||$0.51||$0.57||$0.63||$0.66||$0.71||–|
|Residential natural gas per unit||$12.24||$12.49||$10.56||$9.79||$9.55||$9.40|
Debt and savings
|Personal savings rate||5.4%||5.1%||5.3%||4.7%||–||3.9%|
|Outstanding credit card debt||$948.5 B||$955.5 B||$856.2 B||$794.7 B||$800.8 B||$803.6 B|
|Household debt rate||18.4%||18.5%||17.4%||16.2%||15.9%||–|
|Federal discretionary spending as percent of GDP||7.9%||8.9%||9.4%||9%||–||8.5%|
|Federal mandatory spending as percent of GDP||11.1%||15%||13.3%||13.5%||–||14.4%|
|Annual federal deficit||$458 B||$1.41 T||$1.29 T||$1.3 T||–||$1.33 T|
|Cumulative public debt||$5.14 T||$6.37 T||$7.81 T||$9.39 T||$10.45 T||$10.95 T|
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