Obama's Numbers (July 2. Update)Summary Highlights from our latest update: Under the Affordable Care Act, millions of Americans have signed up for private health insurance and for Medicaid — though exactly how many remains unclear. All job losses during the great recession have been erased, but long- term joblessness remains much higher than when Obama first took office. Corporate profits and stock prices continue to set records, while workers’ wages remain stagnant and the home ownership rate continues to decline.
The number of food- stamp recipients has retreated from the record high of 2. Obama than were added under George W. Bush. Under Obama, federal spending has risen more slowly than the rate of inflation.
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But the total debt owed to the public has nearly doubled during Obama’s tenure, and large annual deficits are projected to continue as far as the eye can see. Handgun production rose 1.
Obama’s first term, and sales continue to boom. Analysis. As we do every three months, we offer here a fresh update of selected statistical indicators of what has happened since Barack Obama first took the oath of office in January 2.
Some are positive and some are not, but all are from sources we consider solid and reliable. And as usual, we caution that no single number or collection of numbers can tell the entire story. Affordable Care Act. Information on the effects of Obamacare continues to accumulate, showing the law is reaching millions of its intended beneficiaries. The administration’s most recent tally shows just over 8 million people signed up for private health insurance during the initial enrollment period (which is now over) via the once- troubled Health.
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Obama’s Numbers (July 2014 Update) Jobs, Profits, Guns & Health Insurance: Our Regular Update of the Statistical Record. By Brooks Jackson. UEFA Champions League qualifying is in full flow, but what about the 22 sides already assured of a place in the group stage? We check out their plans and pre-season form. Zoonoses, animal welfare, animal health,food safety,veterinary,animal disease,animal,health,animal production,Bernard Vallat.
Care. gov website and the several state- run insurance exchanges. Nearly half of those signed up in March, as the deadline was approaching. There also has been a surge in new sign- ups for Medicaid, the joint federal- state insurance program for low- income people. The administration’s latest tally shows nearly 6. Medicaid beneficiaries had been added as of the end of April, compared with the July- September quarter of last year. A poll by the nonpartisan Kaiser Family Foundation indicates that 5.
The poll also showed that the majority of those who signed up for individual policies — either through exchanges or directly with insurance companies — rate their Obamacare- compliant coverage as excellent or good, believe it is a good value for what they pay for it, and say they are satisfied with various aspects of their plans. To be sure, an unknown number of those who signed up for private coverage through the exchanges failed to make their first premium payments, and so never completed enrollment. Early reports ranged widely, most commonly estimating that 8. Dan Mendelson, CEO of the consulting company Avalere Health, said he expects that between 5 percent and 1. Obamacare enrollments will eventually end up being unpaid.
As for the 6 million new Medicaid beneficiaries, an unknown portion would have been added even without Obamacare. However, states that have chosen to expand eligibility under the ACA saw a 1.
Furthermore, the number of new Medicaid sign- ups is likely to grow further. Some states have yet to report April results, and a few states are still debating whether to implement expanded coverage. New Medicaid beneficiaries may sign up at any time. Jobs. The economy as of June had gained just over 4. Obama took office in January 2.
The unemployment rate has declined to 6. October 2. 00. 9. Since our last report, the economy has not only regained the 4. Obama’s first 1. 3 months in office, but also has regained the 4. White House. Total employment now is at a record high — 4.
Many without jobs continue to struggle, however. Despite improvements in recent months, the number of those who have been out of work for at least 2. Obama took office. The average number of weeks that the unemployed have been without work also has continued to decline. But it is still 3. Obama entered the White House. Record Profits, Soaring Stocks.
Meanwhile, corporate profits keep setting records. Even after taxes, corporate profits were running at an annual rate of more than $1.
January- March quarter of 2. That’s the highest on record — and an increase of 1. Obama’s tenure. Corporate stocks also have been rising. As of the close of the market on July 2, the Standard & Poor’s 5. Obama first took office. Baker College Game Software Development Reviews.
Other market indicators also have soared. The Dow Jones Industrial Average was up 1. NASDAQ Composite index had more than tripled, rising by 2. Stagnant Wages, Declining Home Ownership. Even for those who have jobs, wages have risen so slowly they have barely kept up with historically low rates of inflation. Average weekly earnings of workers on payrolls, measured in inflation- adjusted dollars, have edged up a scant 0.
Obama’s first month in office and May 2. And there’s no clear upward trend. Crystal Meth Music The Stix Download Yahoo. A year ago we reported a 0. July 2. 01. 3 update, and six months ago the increase we reported in our January 2.
Relatively fewer people now own their homes. Under Obama, the home ownership rate has continued to slide, declining by 2. It stood at 6. 5 percent in the January- March quarter, according to U.
S. Census figures. The most recent figures from the Department of Agriculture put the number receiving benefits at 4.
March 2. 01. 4. That’s down from the nearly 4. December 2. 01. 2 — a record.
But the most recent number is still more than 1. U. S. We covered those in some detail back in 2. GOP presidential candidate Newt Gingrich accused Obama of being the “food stamp president.” The number of food stamp beneficiaries increased by 1.
Bush’s two terms in office, which exceeds the current increase under Obama of 1. One factor fueling the enrollment rise is an increase in benefit levels enacted as part of Obama’s 2. That “temporary” increase was extended several times, and finally lapsed on Nov. The average monthly benefit in March now has declined to $2. In February, Obama signed another reduction in benefits that had been passed by Congress and will affect about 4 percent of current recipients over the next several years. Booming Oil, Gas, Wind and Solar.
Production of crude oil in the U. S. The nation imported 3. EIA figures. Bush’s second term, after U.
S. But the trend has gathered momentum under Obama. As we’ve said before, the U. S. But another factor behind reduced U. S. The Obama administration has put in place requirements that cars and light trucks average 5. But it remains to be seen whether the industry can produce such vehicles and get Americans to buy them, and whether future presidents will stick to Obama’s ambitious goal. Under Obama, wind and solar power has more than tripled. In the most recent 1.
April) electricity generated by wind and solar had increased by 2. That was spurred in part by large federal tax subsidies for wind and solar generation. Wind and solar sources still supply relatively little of the nation’s total electrical consumption, however. Wind and solar accounted for just under 4. U. S. Coal still accounts for the biggest share, followed by natural gas and nuclear power. Moderate Inflation.
Consumer prices have risen slowly under Obama. As of May 2. 01. 4, the Consumer Price Index has risen 1. The highly visible price of regular gasoline has continued to fluctuate at well below the record high of more than $4 per gallon that it reached in June and July 2. In the week ending June 3. But that was when the price had plunged to an unusually low level due to a worldwide recession that had pushed down demand. Disappointing Exports. The president hasn’t said much lately about the goal he set in his 2.
State of the Union address, when he said, “We will double our exports over the next five years.” That is now hopelessly out of reach. As of the first quarter of 2. Obama took office, according to the most recent data from the U.
S. Commerce Department. That’s being charitable to the president; compared with the quarter in which he actually made his promise to double exports by the end of this year, the increase has been only 3. Spending and Debt. Since Obama took office, federal spending has risen much more slowly than it did under his predecessor.
But annual deficits, while shrinking, remain high, with no end in sight. Obama’s legacy surely will include a doubling of the most important measure of the federal debt during his tenure. Federal outlays for the current fiscal year are estimated to be $3.
March along with the president’s proposed budget for fiscal 2. We calculate that to be just 1. George W. As we’ve detailed elsewhere, we attribute — at most –$2.
FY 2. 00. 9 outlays to increases signed by Obama.)That 1. Consumer Price Index since Obama took office. Obama’s increase in federal spending over five years contrasts dramatically with the 7.
Bush’s eight years (FY 2. FY 2. 00. 9, minus the $2. Obama). And that is giving Bush the benefit of the doubt. A Republican economist, Daniel Mitchell of the libertarian CATO Institute, has figured that only $1. Obama. Using that lower figure would make Bush’s spending increase a bit higher, and Obama’s a bit lower. To be sure, Obama would have preferred a higher rate of federal spending than he was able to get through Congress after Republicans took control of the House in January 2. Obama agreed to cuts as part of budget deals with congressional Republicans, including one that averted the “fiscal cliff” and another that ended a government shutdown.
But the chronic gap between what the government spends and what it collects in revenues continues. Under current law, the nonpartisan Congressional Budget Office projects the current year’s deficit will be $4. But then CBO projects annual deficits will start to rise again in future years, with no end to the red ink in sight. Currently, total federal debt stands at nearly $1. Obama took office. That figure includes money the government owes to itself, chiefly through the Social Security trust funds.
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