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18 SHocking Statistics That PROVE The Economy Has Not Improved Since Barack Obama Became President

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posted on Feb, 22 2012 @ 11:14 AM
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Originally posted by xuenchen

""In 2009 the deficit was 10% of GDP
In 2011 the deficit was 8.6% of GDP""

The debt has increased by more than $4 Trillion.
The GDP must be falling then ?
Many GDP comparisons are in dollars by number, and some are in adjusted value dollars.
Maybe some GDP reports use different data?


GDP is climbing at a faster rate than deficit spending.

GDP fell off a cliff before Obama took office and has recovered since.















posted on Feb, 22 2012 @ 11:31 AM
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reply to post by xuenchen
 



""In 2009 the deficit was 10% of GDP
In 2011 the deficit was 8.6% of GDP""

The debt has increased by more than $4 Trillion.
The GDP must be falling then ?
Many GDP comparisons are in dollars by number, and some are in adjusted value dollars.
Maybe some GDP reports use different data?


He said deficit...you are saying debt.

Two different, but often confused, things.

Debt is how much in total we owe....Deficit is how much we over spend (add to the debt) each year.

This statistic is showing that we are adding less percentage of our GDP to the debt in 2011 than we did in 2009. That could mean our deficit was lower or that our GDP was greater...both are good numbers.

I don't know how you get that the GDP has fallen though?



posted on Feb, 22 2012 @ 12:43 PM
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reply to post by OutKast Searcher
 


No matter how you flip it Outkast we are still broke, and the debt ceiling continues to climb as we type. So if debt is something we owe, and don't have the money to pay for it then why keep pushing the debt ceiling higher if we can't afford to balance it out? The way I see it Obama is pushing the issue for more stringent laws instead of balancing the budget. Which shows he has a better background in law then he does in economics. Epic Fail
edit on 22-2-2012 by KonquestAbySS because: (no reason given)



 
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