October 17, 2011 will be President Obama's 1000th day in office. At the beginning of his term in office, in a February 1, 2009 interview with Matt Lauer, Obama said "If I don’t have this [economy fixed] in three years, then there’s going to be a one-term proposition."
At 1000 days in, do you think Obama will see reelection? Check out a comprehensive report card of his first 1000 days after the break and let us know your thoughts in the comments.
DEBT: Total Public Debt Outstanding has increased by $4.2 trillion
MORE DEBT: America accumulated as much debt over the past 1,000 days as it had in the country’s first 79,135 days (July 4, 1776 through March 3, 1993)
DEBT PER DAY: America’s debt has increased by about an average of $4.2 billion per day
INTEREST ON U.S. DEBT: $1.2 trillion has been spent servicing U.S. debt—that by itself would be the world’s 15th largest economy
JOBS: 2.22 million jobs lost
POVERTY: Nearly 3 million more Americans in poverty—poverty rate has gone from 13.2% to 15.1%
FOOD STAMPS: 12 million more Americans living off of food stamps
GOVERNMENT SPENDING: Spent more than $9.6 trillion – 60% more than the federal government has taken in
MORE GOVERNMENT SPENDING: Under Obama, the govt has spent an average of $6.6 million every minute and $111,111 every second
CHINA: Owns $1.17 trillion of our debt (as of July) – a 58% increase from January 2009
GOVERNMENT JOBS: Excluding the U.S. Post Office, Federal Government has added 140,000 jobs
UNEMPLOYMENT RATE: Has averaged 9.4% under Obama
MORE UNEMPLOYMENT RATE: Has been at or above 9% for 840 of the 1000 days
UNDEREMPLOYED: Nearly 5 million more Americans are underemployed
REGULATIONS – NEW RULES: 7,076 new final regulatory rules issued
REGULATIONS – FEDERAL REGISTER: 45,696 pages of new regulatory rules were added to the Federal Register
AVERAGE WEEKS UNEMPLOYED: Unemployed out of work for an average of 40.5 weeks – that’s more than double since Jan 2009
JOB APPROVAL RATING: Dropped nearly 30 percentage points
SPEECHES AND PUBLIC REMARKS: Roughly 806 speeches/public remarks made – once every 1.24 days
SPEECHES --- JOBS: Has said the word “jobs” 4,718 times in 591 speeches
SPEECHES -- ECONOMY: Has said the word “economy” 4,541 times in 605 speeches
CIVILIAN LABOR FORCE: Has decreased by 168,000
MANUFACTURING: 818,000 manufacturing jobs lost --- a -6.5% drop since Jan. 2009
BANK FAILURES: 371 Banks have failed
STATES: 37 States have higher unemployment rates
GOLF: 82 rounds of golf --- average of one round every 12 days
REPOSSESSIONS: More than 2.4 million homes have been repossessed for failure to pay their mortgage
BANKRUPTCIES: Some 4 million total (business and non-business) bankruptcies
GAS PRICES: Up more than 80% and has been over $3/gallon every day in 2011
UNEMPLOYMENT BENEFITS: Almost $380 billion spent by federal government on unemployment benefits
ECONOMIC TEAM: 7 key members of Obama’s Economic team have resigned [Summers, Romer, Bernstein, Orszag, Goolsbee Volker and Rouse]
HEALTH INSURANCE PREMIUMS: Health insurance premiums (family coverage) up 9% this year and 12.7% from 2009
MEDIAN INCOME: Real median household income in the U.S. in 2010 was $49,445, a -2.3% decline from 2009
ENVIRONMENTAL PROTECTION AGENCY: Spent more than $26 billion on the EPA – FY2011’s spending will be about 40% more than FY2009
What are your thoughts?
