Where Did The $10 Trillion Go?
“I did not run for office to be helping out a bunch of fat cat bankers on Wall Street”
“It’s not what you are, but what they think you are”
During Barack Obama’s presidency the U.S. debt increased by nearly 100% – over $9 trillion! So where has all the money gone?
While Barack Obama positioned himself as the champion of the working class, the fact is that during his presidency, the numbers of people living below the poverty line and receiving food stamps increased, the average worker’s wages after inflation only increased by about 0.5% per year, and the national debt exploded.
But the rich did extremely well – stock prices for America’s biggest companies increased by about 13% per year, and CEO compensation rose sharply.
Not only did Obama help the rich get richer, he did his part to encourage wildly outrageous spending in his taxpayer-funded lifestyle as president.
Americans In Poverty: “Latest year” 2009, 2016:
Food Stamps (SNAP): 2009, 2016 (last month surveyed, 11/2016) data: https://www.fns.usda.gov/sites/default/files/pd/SNAPZip69throughCurrent.zip
Average Hourly Wage, Jan. 2009, Jan. 2017 (preliminary)
U.S Federal Debt, 1/2009 and 1/2017:
CEO Pay/Average Worker Pay, 2009 and 2015
S&P 500 History