When Obama was inaugurated on January 20, 2009, the National Debt was: $10,626,877,048,913.08. When Trump took office on Jan. 20, 2017, the national debt was $19.9 trillion, according to U.S. Treasury data. Here’s your obama’s legacy. Be grateful that Trump didn’t ride obama’s “coat tails.”
Obama takes office 2009: National debt: $10.6 trillion.. leaves office: $20 trillion
Debt per person: $31,000 $61,340
Labor force participation 65.8% 62.8%
Home ownership: 67.3% 63.5%
Real median household income: $57,744 $54,045
Avg. Health Ins rate family plan: $12,680 $18,142
Food stamp dependents: 32 million 43.6 million
Tax to benefits ratio: <40% >60%
Persons living in poverty: 38 million 45 million
Sources: U.S. Treasury, U.S. Labor Statistics, U.S. Dept.of Agriculture, U.S. Congressional Budget Office
With all this Obama is trying to take credit for the Presidents turnaround of the economy. The Labor force participation rate is at 63.3 as of last month Oct. 2019. While the Democratic party still has many months to go before the 2020 vote I don’t see anyone that would not make our Country better. On the contrary, many if not all would make it even worst than President Obama did.
I’m not saying the Republican party doesn’t have their work cut out for them. They most certainly do. Both parties need to come together to cut the deficit. Trump needs to hold their feet to the fire and we all know we have to do something about the cost of the entitlements. The Congress has kicked this can down the road for 40 years or more. But the people running for office on the Democratic party side will, in my opinion ruin our country beyond any hope of repair.
So do your own research and come to your own conclusions and vote in 2020. Your future could be riding on it.