Charts of the Day: Obama: Worst. Economics. President. Since. The. Great. Depression...Bar. None.

8.5 Million Fewer Americans Are In The Labour Force Than When Obama Took Office

(h/t Jim Hoft)

Average Unemployment Rate For Clinton, Bush And Obama

Austerity, My Ass!  Federal Spending Set To Climb 2% This Year

ESAD, NYT, Krugman, Klein, and the rest of you Neo-Keynesians, who even Maynard would say are nothing but batshit crazy loons, barking at the moon.  From John Merline of Investors' Business Daily:

 How To Spend $7.66 Trillion In Stimulus Spending In 6 Years

Throwing it to Geri Willis of Fox Business:

Sometimes numbers tell the story and tonight there is one number that tells you everything you need to know about what's wrong with Washington's playbook.

That number is $7.66 trillion in taxpayer dollars. That's the total of all the stimulus dollars the Federal Government has used to set this nation's economy back on the right path. It’s 49 percent of our nation's GDP.

In other words, we spent half of what the world's largest economy can produce in a single year to bail out. The list is long. Take a look....

Bear Stearns: $29B

Economic stimulus checks: $178B

Bush Home Owners bailout: $300B

Fannie Mae and Freddie Mac bailout: $400B

AIG bailout: $42B

Emergency Economic Stabilization Act of 2008 (TARP): $700B

Automakers bailout: $25B

American Recovery and Reinvestment Act of 2009: $787B

Obama Home Owners bailout: $275B

Small business loans: $15B

Automakers bailout: $22B

Quantitative Easing I: $1.75T

Quantitative Easing II: $600B

Quantitative Easing III: $960B

Quantitative Easing IV: $1.08T

Operation Twist: $400B

Extending Payroll Tax Cut: $100B

Whew! That's a lot of money and where are we? Nowhere, as far as I can tell. Unemployment is at 7.8%, exactly where it was when President Obama came into office.

The economy is contracting, shrinking, and consumers and taxpayers say they aren't too happy. It's no wonder. All of this money out the door and much of it will have to be paid back. Our economy hasn't recovered. The stimulus spending was a bust!

Next time you hear Paul Krugman say we need more stimulus spending, ask him:

  

Where's my $7.66 trillion, mister?

And, what did we get for all of this?

Misery Index

Year	UR	Bar Graph	President
1948-01	3.40		Truman
1948-02	3.80
1948-03	4.00
1948-04	3.90
1948-05	3.50
1948-06	3.60		Berlin airlift
1948-07	3.60
1948-08	3.90
1948-09	3.80
1948-10	3.70
1948-11	3.80
1948-12	4.00
1949-01	4.30
1949-02	4.70
1949-03	5.00
1949-04	5.30
1949-05	6.10
1949-06	6.20
1949-07	6.70
1949-08	6.80
1949-09	6.60
1949-10	7.90
1949-11	6.40
1949-12	6.60
1950-01	6.50		Min. Wage = $0.75
1950-02	6.40
1950-03	6.30
1950-04	5.80
1950-05	5.50
1950-06	5.40		US Enters Korean War
1950-07	5.00
1950-08	4.50
1950-09	4.40
1950-10	4.20
1950-11	4.20
1950-12	4.30
1951-01	3.70
1951-02	3.40
1951-03	3.40
1951-04	3.10
1951-05	3.00
1951-06	3.20
1951-07	3.10
1951-08	3.10
1951-09	3.30
1951-10	3.50
1951-11	3.50
1951-12	3.10
1952-01	3.20
1952-02	3.10
1952-03	2.90
1952-04	2.90
1952-05	3.00
1952-06	3.00
1952-07	3.20
1952-08	3.40
1952-09	3.10
1952-10	3.00
1952-11	2.80
1952-12	2.70
1953-01	2.90		Eisenhower
1953-02	2.60
1953-03	2.60
1953-04	2.70
1953-05	2.50
1953-06	2.50
1953-07	2.60		Korean War Armistice
1953-08	2.70
1953-09	2.90
1953-10	3.10
1953-11	3.50
1953-12	4.50
1954-01	4.90
1954-02	5.20
1954-03	5.70
1954-04	5.90
1954-05	5.90
1954-06	5.60
1954-07	5.80
1954-08	6.00
1954-09	6.10
1954-10	5.70
1954-11	5.30
1954-12	5.00
1955-01	4.90
1955-02	4.70
1955-03	4.60
1955-04	4.70
1955-05	4.30
1955-06	4.20
1955-07	4.00
1955-08	4.20
1955-09	4.10
1955-10	4.30
1955-11	4.20
1955-12	4.20
1956-01	4.00
1956-02	3.90
1956-03	4.20		Min. Wage = $1
1956-04	4.00
1956-05	4.30
1956-06	4.30
1956-07	4.40
1956-08	4.10
1956-09	3.90
1956-10	3.90
1956-11	4.30
1956-12	4.20
1957-01	4.20
1957-02	3.90
1957-03	3.70
1957-04	3.90
1957-05	4.10
1957-06	4.30
1957-07	4.20
1957-08	4.10
1957-09	4.40
1957-10	4.50
1957-11	5.10
1957-12	5.20
1958-01	5.80
1958-02	6.40
1958-03	6.70
1958-04	7.40
1958-05	7.40
1958-06	7.30
1958-07	7.50
1958-08	7.40
1958-09	7.10
1958-10	6.70
1958-11	6.20
1958-12	6.20
1959-01	6.00		Alaska becomes 49th State
1959-02	5.90
1959-03	5.60
1959-04	5.20
1959-05	5.10
1959-06	5.00
1959-07	5.10
1959-08	5.20		Hawaii becomes 50th State
1959-09	5.50
1959-10	5.70
1959-11	5.80
1959-12	5.30
1960-01	5.20
1960-02	4.80
1960-03	5.40
1960-04	5.20
1960-05	5.10
1960-06	5.40
1960-07	5.50
1960-08	5.60
1960-09	5.50
1960-10	6.10
1960-11	6.10
1960-12	6.60
1961-01	6.60		Kennedy Bay of Pigs invasion of Cuba
1961-02	6.90
1961-03	6.90
1961-04	7.00
1961-05	7.10
1961-06	6.90
1961-07	7.00
1961-08	6.60
1961-09	6.70		Min. Wage = $1.15
1961-10	6.50
1961-11	6.10
1961-12	6.00
1962-01	5.80
1962-02	5.50		Cuban Missile Crisis
1962-03	5.60
1962-04	5.60
1962-05	5.50
1962-06	5.50
1962-07	5.40
1962-08	5.70
1962-09	5.60
1962-10	5.40
1962-11	5.70
1962-12	5.50
1963-01	5.70
1963-02	5.90
1963-03	5.70
1963-04	5.70
1963-05	5.90
1963-06	5.60
1963-07	5.60
1963-08	5.40
1963-09	5.50		Min. Wage = $1.25
1963-10	5.50
1963-11	5.70		Johnson
1963-12	5.50
1964-01	5.60
1964-02	5.40
1964-03	5.40
1964-04	5.30
1964-05	5.10
1964-06	5.20
1964-07	4.90
1964-08	5.00		US Enters Vietnam War
1964-09	5.10
1964-10	5.10
1964-11	4.80
1964-12	5.00
1965-01	4.90
1965-02	5.10
1965-03	4.70
1965-04	4.80
1965-05	4.60
1965-06	4.60
1965-07	4.40
1965-08	4.40
1965-09	4.30
1965-10	4.20
1965-11	4.10
1965-12	4.00
1966-01	4.00
1966-02	3.80
1966-03	3.80
1966-04	3.80
1966-05	3.90
1966-06	3.80
1966-07	3.80
1966-08	3.80
1966-09	3.70
1966-10	3.70
1966-11	3.60
1966-12	3.80
1967-01	3.90
1967-02	3.80		Min. Wage = $1.4
1967-03	3.80
1967-04	3.80
1967-05	3.80
1967-06	3.90
1967-07	3.80
1967-08	3.80
1967-09	3.80
1967-10	4.00
1967-11	3.90
1967-12	3.80
1968-01	3.70
1968-02	3.80		Min. Wage = $1.6
1968-03	3.70
1968-04	3.50
1968-05	3.50
1968-06	3.70
1968-07	3.70
1968-08	3.50
1968-09	3.40
1968-10	3.40
1968-11	3.40
1968-12	3.40
1969-01	3.40		Nixon
1969-02	3.40
1969-03	3.40
1969-04	3.40
1969-05	3.40
1969-06	3.50
1969-07	3.50
1969-08	3.50		Tax Reform Act of 1969, dec.
1969-09	3.70
1969-10	3.70
1969-11	3.50
1969-12	3.50
1970-01	3.90
1970-02	4.20
1970-03	4.40
1970-04	4.60
1970-05	4.80
1970-06	4.90
1970-07	5.00
1970-08	5.10
1970-09	5.40
1970-10	5.50
1970-11	5.90
1970-12	6.10
1971-01	5.90
1971-02	5.90
1971-03	6.00
1971-04	5.90
1971-05	5.90
1971-06	5.90
1971-07	6.00
1971-08	6.10
1971-09	6.00
1971-10	5.80
1971-11	6.00
1971-12	6.00
1972-01	5.80
1972-02	5.70
1972-03	5.80
1972-04	5.70
1972-05	5.70
1972-06	5.70
1972-07	5.60
1972-08	5.60
1972-09	5.50
1972-10	5.60
1972-11	5.30
1972-12	5.20
1973-01	4.90
1973-02	5.00
1973-03	4.90
1973-04	5.00
1973-05	4.90
1973-06	4.90
1973-07	4.80
1973-08	4.80
1973-09	4.80
1973-10	4.60
1973-11	4.80
1973-12	4.90
1974-01	5.10
1974-02	5.20
1974-03	5.10
1974-04	5.10
1974-05	5.10		Min. Wage = $2
1974-06	5.40
1974-07	5.50
1974-08	5.50		Ford
1974-09	5.90
1974-10	6.00
1974-11	6.60
1974-12	7.20
1975-01	8.10		Min. Wage = $2.1
1975-02	8.10
1975-03	8.60
1975-04	8.80		US Exits Vietnam War
1975-05	9.00
1975-06	8.80
1975-07	8.60
1975-08	8.40
1975-09	8.40
1975-10	8.40
1975-11	8.30
1975-12	8.20
1976-01	7.90		Min. Wage = $2.3
1976-02	7.70
1976-03	7.60
1976-04	7.70
1976-05	7.40
1976-06	7.60
1976-07	7.80
1976-08	7.80
1976-09	7.60
1976-10	7.70
1976-11	7.80
1976-12	7.80
1977-01	7.50		Carter
1977-02	7.60
1977-03	7.40
1977-04	7.20
1977-05	7.00
1977-06	7.20
1977-07	6.90
1977-08	7.00
1977-09	6.80
1977-10	6.80
1977-11	6.80
1977-12	6.40
1978-01	6.40		Min. Wage = $2.65
1978-02	6.30
1978-03	6.30
1978-04	6.10
1978-05	6.00
1978-06	5.90
1978-07	6.20
1978-08	5.90
1978-09	6.00
1978-10	5.80
1978-11	5.90
1978-12	6.00
1979-01	5.90		Min. Wage = $2.9
1979-02	5.90
1979-03	5.80		Three Mile Island meltdown
1979-04	5.80
1979-05	5.60
1979-06	5.70
1979-07	5.70
1979-08	6.00
1979-09	5.90
1979-10	6.00
1979-11	5.90
1979-12	6.00
1980-01	6.30		Min. Wage = $3.1
1980-02	6.30
1980-03	6.30
1980-04	6.90
1980-05	7.50
1980-06	7.60
1980-07	7.80
1980-08	7.70
1980-09	7.50
1980-10	7.50
1980-11	7.50
1980-12	7.20
1981-01	7.50		Reagan Min. Wage = $3.35
1981-02	7.40
1981-03	7.40
1981-04	7.20
1981-05	7.50
1981-06	7.50
1981-07	7.20
1981-08	7.40		Economic Recovery Tax Act of 1981, dec.
1981-09	7.60
1981-10	7.90
1981-11	8.30
1981-12	8.50
1982-01	8.60
1982-02	8.90
1982-03	9.00
1982-04	9.30
1982-05	9.40
1982-06	9.60
1982-07	9.80
1982-08	9.80
1982-09	10.10
1982-10	10.40
1982-11	10.80
1982-12	10.80
1983-01	10.40
1983-02	10.40
1983-03	10.30
1983-04	10.20
1983-05	10.10
1983-06	10.10
1983-07	9.40
1983-08	9.50
1983-09	9.20
1983-10	8.80		US invades Grenada
1983-11	8.50
1983-12	8.30
1984-01	8.00
1984-02	7.80
1984-03	7.80
1984-04	7.70
1984-05	7.40
1984-06	7.20
1984-07	7.50
1984-08	7.50
1984-09	7.30
1984-10	7.40
1984-11	7.20
1984-12	7.30
1985-01	7.30
1985-02	7.20
1985-03	7.20
1985-04	7.30
1985-05	7.20
1985-06	7.40
1985-07	7.40
1985-08	7.10
1985-09	7.10
1985-10	7.10
1985-11	7.00
1985-12	7.00
1986-01	6.70		Shuttle Challenger Disaster
1986-02	7.20
1986-03	7.20
1986-04	7.10
1986-05	7.20
1986-06	7.20
1986-07	7.00
1986-08	6.90
1986-09	7.00
1986-10	7.00		The Tax Reform Act of 1986, dec.
1986-11	6.90
1986-12	6.60
1987-01	6.60
1987-02	6.60
1987-03	6.60
1987-04	6.30
1987-05	6.30
1987-06	6.20
1987-07	6.10
1987-08	6.00
1987-09	5.90
1987-10	6.00
1987-11	5.80
1987-12	5.70
1988-01	5.70
1988-02	5.70
1988-03	5.70
1988-04	5.40
1988-05	5.60
1988-06	5.40
1988-07	5.40
1988-08	5.60
1988-09	5.40
1988-10	5.40
1988-11	5.30
1988-12	5.30
1989-01	5.40		Bush, G.H.W.
1989-02	5.20
1989-03	5.00
1989-04	5.20
1989-05	5.20
1989-06	5.30
1989-07	5.20
1989-08	5.20
1989-09	5.30
1989-10	5.30
1989-11	5.40
1989-12	5.40		US Invades Panama
1990-01	5.40
1990-02	5.30
1990-03	5.20
1990-04	5.40		Min. Wage = $3.8
1990-05	5.40
1990-06	5.20
1990-07	5.50
1990-08	5.70
1990-09	5.90
1990-10	5.90
1990-11	6.20		Revenue Reconciliation Act of 1990, inc.
1990-12	6.30
1991-01	6.40		Persian Gulf War
1991-02	6.60
1991-03	6.80
1991-04	6.70		Min. Wage = $4.25
1991-05	6.90
1991-06	6.90
1991-07	6.80
1991-08	6.90
1991-09	6.90
1991-10	7.00
1991-11	7.00
1991-12	7.30
1992-01	7.30
1992-02	7.40		US & Russian declare end of cold war
1992-03	7.40
1992-04	7.40
1992-05	7.60
1992-06	7.80
1992-07	7.70
1992-08	7.60
1992-09	7.60
1992-10	7.30
1992-11	7.40
1992-12	7.40
1993-01	7.30		Clinton
1993-02	7.10		World Trade Center Bombed
1993-03	7.00
1993-04	7.10
1993-05	7.10
1993-06	7.00
1993-07	6.90
1993-08	6.80		Revenue Reconciliation Act of 1993, inc.
1993-09	6.70
1993-10	6.80
1993-11	6.60
1993-12	6.50
1994-01	6.60
1994-02	6.60
1994-03	6.50
1994-04	6.40
1994-05	6.10
1994-06	6.10
1994-07	6.10
1994-08	6.00
1994-09	5.90
1994-10	5.80
1994-11	5.60
1994-12	5.50
1995-01	5.60
1995-02	5.40
1995-03	5.40
1995-04	5.80
1995-05	5.60
1995-06	5.60
1995-07	5.70
1995-08	5.70
1995-09	5.60
1995-10	5.50
1995-11	5.60
1995-12	5.60
1996-01	5.60
1996-02	5.50
1996-03	5.50
1996-04	5.60
1996-05	5.60
1996-06	5.30
1996-07	5.50
1996-08	5.10
1996-09	5.20
1996-10	5.20		Min. Wage = $4.75
1996-11	5.40
1996-12	5.40
1997-01	5.30
1997-02	5.20
1997-03	5.20
1997-04	5.10
1997-05	4.90
1997-06	5.00
1997-07	4.90
1997-08	4.80		The Taxpayer Relief Act of 1997, dec.
1997-09	4.90		Min. Wage = $5.15
1997-10	4.70
1997-11	4.60
1997-12	4.70
1998-01	4.60
1998-02	4.60
1998-03	4.70
1998-04	4.30
1998-05	4.40
1998-06	4.50
1998-07	4.50
1998-08	4.50
1998-09	4.60
1998-10	4.50
1998-11	4.40
1998-12	4.40
1999-01	4.30
1999-02	4.40
1999-03	4.20
1999-04	4.30
1999-05	4.20
1999-06	4.30
1999-07	4.30
1999-08	4.20
1999-09	4.20
1999-10	4.10
1999-11	4.10
1999-12	4.00
2000-01	4.00
2000-02	4.10
2000-03	4.00
2000-04	3.80
2000-05	4.00
2000-06	4.00
2000-07	4.00
2000-08	4.10
2000-09	3.90
2000-10	3.90
2000-11	3.90
2000-12	3.90
2001-01	4.20		Bush, G.W.
2001-02	4.20
2001-03	4.30
2001-04	4.40
2001-05	4.30
2001-06	4.50		Tax Relief & Reconciliation Act of 2001, dec.
2001-07	4.60
2001-08	4.90
2001-09	5.00		9/11 terrorist attack
2001-10	5.30		US enters Afghanistan War
2001-11	5.50
2001-12	5.70
2002-01	5.70
2002-02	5.70
2002-03	5.70
2002-04	5.90
2002-05	5.80
2002-06	5.80
2002-07	5.80
2002-08	5.70
2002-09	5.70
2002-10	5.70
2002-11	5.90
2002-12	6.00
2003-01	5.80
2003-02	5.90		Shuttle Columbia Disaster
2003-03	5.90		US enters Iraq War
2003-04	6.00
2003-05	6.10		Tax Relief & Reconciliation Act of 2003, dec.
2003-06	6.30
2003-07	6.20
2003-08	6.10
2003-09	6.10
2003-10	6.00
2003-11	5.80
2003-12	5.70
2004-01	5.70
2004-02	5.60
2004-03	5.80
2004-04	5.60
2004-05	5.60
2004-06	5.60
2004-07	5.50
2004-08	5.40
2004-09	5.40
2004-10	5.50
2004-11	5.40
2004-12	5.40
2005-01	5.30
2005-02	5.40
2005-03	5.20
2005-04	5.20
2005-05	5.10
2005-06	5.00
2005-07	5.00
2005-08	4.90
2005-09	5.00
2005-10	5.00
2005-11	5.00
2005-12	4.90
2006-01	4.70
2006-02	4.80
2006-03	4.70
2006-04	4.70
2006-05	4.60
2006-06	4.60
2006-07	4.70
2006-08	4.70
2006-09	4.50
2006-10	4.40
2006-11	4.50
2006-12	4.40
2007-01	4.60
2007-02	4.50
2007-03	4.40
2007-04	4.50
2007-05	4.40
2007-06	4.60
2007-07	4.70		Min. Wage = $5.85
2007-08	4.60
2007-09	4.70
2007-10	4.70
2007-11	4.70
2007-12	5.00
2008-01	5.00
2008-02	4.90
2008-03	5.10
2008-04	5.00
2008-05	5.40
2008-06	5.60
2008-07	5.80		Min. Wage = $6.55
2008-08	6.10
2008-09	6.10
2008-10	6.50
2008-11	6.80
2008-12	7.30
2009-01	7.80		Obama
2009-02	8.30
2009-03	8.70
2009-04	8.90
2009-05	9.40
2009-06	9.50
2009-07	9.50		Min. Wage = $7.25
2009-08	9.60
2009-09	9.80
2009-10	10.00
2009-11	9.90
2009-12	9.90
2010-01	9.70
2010-02	9.80
2010-03	9.80
2010-04	9.90
2010-05	9.60
2010-06	9.40
2010-07	9.50
2010-08	9.60		US exits Iraq War
2010-09	9.50
2010-10	9.50
2010-11	9.80
2010-12	9.40
2011-01	9.10
2011-02	9.00
2011-03	8.90
2011-04	9.00
2011-05	9.00
2011-06	9.10
2011-07	9.10
2011-08	9.10
2011-09	9.00
2011-10	8.90
2011-11	8.70
2011-12	8.50
2012-01	8.30
2012-02	8.30
2012-03	8.20
2012-04	8.10
2012-05	8.20
2012-06	8.20
2012-07	8.30
2012-08	8.10
2012-09	7.80
2012-10	7.90
2012-11	7.70
2012-12	7.80