"I did not run for office to be helping out a bunch of fat cat bankers on Wall Street."
- President Barack Obama, 2009
"It's not what you are that counts, but what people think you are."
- Joseph P. Kennedy
Since Barack Obama was inaugurated as president in January of 2009 the federal deficit has increased by about 50% - an astounding $5 trillion dollars! So where has all the money gone?
While Obama has positioned himself as the champion of the middle class, the fact is that since he was inaugurated the poverty rate has hit a record high, unemployment has risen and the asset that the middle class most relies on - the value of their home – has continued to plummet.
But the rich have done quite well! CEO compensation has risen sharply and stock prices of America's biggest companies are up by more than 65%!
Not only has Obama helped the rich get richer, he has done his part to encourage wildly outrageous spending in his taxpayer-funded lifestyle as president.
Click here to download our new eBook, The $1.4 Billion Man: Costs of the Obama White House.
For comments, questions, or media inquiries regarding the chart above, please contact John F. Groom at email@example.com.
2009 Poverty Level: U.S. Census, "Persons Below Povery Level" Table 711, http://www.census.gov/compendia/statab/2012/tables/12s0711.xls
Projected 2012 Poverty Level: CNBC, "US Poverty Rate to Hit Highest Level Since 1965," July 23, 2012, http://www.cnbc.com/id/48281252
Food Stamps: Jan. 2009 - June 2012, Supplemental Nutrition Assistance Program, Data as of August 30, 2012 http://www.fns.usda.gov/pd/34SNAPmonthly.htm
Unemployment Rate, 2009: Bureau of Labor Statistics, http://www.bls.gov/opub/ted/2009/feb/wk2/art02.htm; 2012: Bureau of Labor Statistics, http://data.bls.gov/
Home Prices: Jan. 2009 - June 2012, Case-Shiller Composite-20 - Not Seasonally Adjusted, St. Louis FED, http://research.stlouisfed.org/fred2/categories/32261
U.S. Federal Debt: Jan. 20, 2009 - Sept. 10, 2012, TreasuryDirect, http://www.treasurydirect.gov/NP/NPGateway
CEO Compensation: Economic Policy Institute, http://www.epi.org/publication/ib331-ceo-pay-top-1-percent/
Dow Jones Changes: Jan. 20, 2009 - Sept. 10, 2012, Google Finance history, http://www.google.com/finance/historical?q=indexdjx:.dji