****
Under President Obama …****

1) The number of Americans counted as “not in the labor force” has
increased by 8,332,000.

2) The average duration of unemployment in number of weeks is up from 19.8
to 36.6.

3) Seven out of eight new jobs are part-time.

4) The middle class is taking home a smaller share of the overall income
pie than ever before.

5) Median household income in America has fallen for four consecutive years.

6) The poverty rate has shot up to 16.1%, higher than when the War on
Poverty began in 1965.

7) The total amount of student-loan debt has increased from $440 billion to
about $1 trillion.

8) The U.S. debt-to-GDP ratio has increased from under 70% to 101%.

9) Electricity bills have risen faster than the overall rate of inflation
for five years in a row.

10) The mortgage delinquency rate has increased from 7.85% to 9.72%.

Sincerely,

Jim Signorile
Managing Editor, *The Sovereign Investor *****

 ****


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