Did Obama Take Money From Social Security?

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14-facts-about-the-obama-presidency-that-most-people-dont-know

Obama's Presidency: The Facts

People have many perceptions of how the US economy or the country as a whole has done during the Obama years. Contingent your political views, you may cogitate the rural area did exceptionally healed or was teetering on the scepter of collapse.

Listed beneath are fourteen objective facts, without interjected legal opinion, about the state of America under the leadership of President Obama. Every statement is followed up with a link to a honored beginning where you can verify the fact for yourself.

President Obama visiting Iowa — President of the United States Obama visiting Hawkeye State

1. We Had a Record 90 Trabeate Months of Economical Elaboration

That's compensate: For ninety consecutive months, the US saving got progressively better. That includes a fresh record for consecutive months of private-sector job increment. Forbes magazine (which is no fan of Chairman Obama) crunched the numbers and incontestible how the economic recuperation below President Obama was meliorate in conscionable nearly every of import manner than the recovery nether President Ronald Wilson Reagan.

Source: Obama Out-Performs Reagan on Jobs, Growth, and Investing; Forbes magazine.

2. We Enjoyed the Longest Period of Private-Sector Job Creation in American History

This statistic also comes from the Forbes cartridge clip article listed above. In fact, during Obama's presidency, we enjoyed 75 unpermed months of secluded-sector job creation. That is the longest menstruation of job creation since the Section of Task has been keeping statistics.

Source: Obama's Call That Businesses Are in the "Longest Uninterrupted Unfold of Job Creation": The Washington Emily Price Post.

Source: A Record 75 Straight Months of Job Growth Nether Obama: Money

3. Unemployment Dropped From 10.1% in October of 2009 to 4.8% past Early 2022

Non only did the unemployment plac drop significantly, but after the receding concluded, the US economic system gained over thirteen million new jobs. (You can refer to the Forbes clause to a higher place or check the article below.)

Source: Proponent Presidents Bring It: Obama Shatters Clinton's Record For Snobbish Sector Job Outgrowth: PoliticusUsa.

Information technology is also worth noting that during the 2022 presidential election, Obama's hostile, Mitt Romney, promised to lower the unemployment rate to 6% away the end of 2022. President Obama exceeded that goal by lowering unemployment to under 6% two ample years earlier than Romney had promised.

Source: Romney vows to lower unemployment to 6% by the finish of 2022: The Hill

4. The Stock Market Go down Record Highs Passim Obama's Presidency

From embryotic 2009 onward, there was a steady upward trend in stock market growth equally the economy continued to improve. The Dow-Jones Industrial Average Industrial averages reached an each-time upper of 18,292 in May, 2022. Since most Americans have 401K retirement investments in the stock market, this growth benefited millions of middle-class Americans.

Source: Dow Casey Jones Blue-collar Average Conclusion 10 Years: Macrotrends.

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The overall trend during the Obama years was a steady reduction in the size of the Budget deficit each year as the economy continued to improve. — The overall trend during the Obama years was a unagitated reduction in the size of the Budget deficit every year as the economy continued to improve.

Based on numbers from treasurydirect.gov

5. The Federal Budget Deficit Was Reduced away 2-Thirds Since 2009.

The $1.4 one million million government budget shortfall that Obama inherited in 2009 was in a outsize part due to the high rate of unemployment and the downswing in the economy. When millions of people were put out of work in 2008 and 2009, it resulted in far fewer income taxes and less economic activity to generate federal revenue. Every bit millions of populate regained employment, there were billions more in tax dollars generated. As a ensue, the deficit got smaller each year. The 2022 deficit was $439 billion, the smallest deficit since 2007, and roughly 70% lower than it was in 2009.

Source: What is the Deficit?: USGovernmentSpending.com.

6. Below President Obama, Government Spending Increased Less Than IT Did Low-level President's Bush and Reagan

You may have heard critics say that President Obama is pocket money wildly and running up our debt. According to this clause from Forbes, during his first terminal figure, Obama multiplied spending aside 1.4% annually, far less than President Reagan (8.7%) or George VI W. George Herbert Walker Bush (8.1%). Accordant to another article from the Washington Situatio, Obama increased spending 3.3% annually. In whatsoever event, Obama increased spending less than whatsoever president since Eisenhower.

Sources: Who Is the Smallest Government Spender Since Eisenhower? Would You Believe It's Barack Obama? Forbes magazine.

The Facts All but the Growth of Spending Under Obama: Washington Post.

Federal Disbursal Grew More under Bush and Ronald Wilson Reagan than Under Obama

7. For 95% of American Taxpayers, Income Taxes Dropped as Low or Lower Than Any Point in the Previous 50 Years

After Chief Executive Obama took federal agency, thousands of Teatime Political party members totally ended the country held rallies protesting Obama's tax increases. At that time, President Obama had actually passed some tax cuts to arouse the economy. Most of the Afternoon tea Partiers WHO were protesting had only seen their taxes decrease below Obama, still polls indicated that most Tea Party members wrong believed their taxes had at peace up.

In fact, the only people whose income taxes went astir during Obama's presidentship were those fashioning $400,000 each year or more. That's to a lesser degree 2% of the universe. For the vast majority of populate, tax rates were lower or the Saami as when Obama freshman took government agency. The article below from the Center on Budget and Policy Priorities explains this in greater detail.

Source: Federal Income Taxes on Middle-Income Families Continue Near Historic Lows, Center on Budget and Insurance policy Priorities.

8. Dependence along Foreign Oil colour Was Greatly Reduced Due to Record Domestic Boring and Improved Fuel Efficiency Standards

Spell several arrogate that oil production declined under President Obama, the truth is just the opposite. Drilling reached record highs. The Conjunctive States produces so much oil color that we exportation more oil and gas than we import.

Source: IndexMundi.

9. At Least 18 Million To a greater extent Americans Now Have Health Insurance Than Before

Depending on whose numbers you use, anywhere from 12 to 18 million Americans acquired health insurance due to the Affordable Care Act. Now that those millions of Americans take insurance, the eternal sleep of us are no longer on the hook to pay for their healthcare when they get sick. This saves the American the great unwashe billions of dollars in the long-wool run.

Source: Obamacare Helped Up to 10 Cardinal Get Insurance, Gallup Finds: NBC News.

10. The Inexpensive Care Act Has Added Years to the Lifetime of Medicare

The Medicare trust fund had been on course to run tabu of money by the end of 2022. But due to cost savings from the Affordable Guardianship Act and bring dow healthcare expenses, Medicare's trust monetary fund was competent to remain stable until the year 2030 without cutting off benefits.

Source: Medicare, Social Security department Disability Investment trust Headed in Different Directions; The Bulwark Street Journal.

11. Since Passage of the Affordable Care Pretend, We Are Sighted the Slowest Range of Increase in Healthcare Costs Since 1960

Healthcare costs will always live on rising, but contrary to Republican predictions, healthcare costs accumulated at a much slower pace since the enactment of the ACA.

Source: Trends in Health Care Cost Growth and the Theatrical role of the Cheap Care Act; White House Report.

12. We Had Fewer Soldiers, Sailors, and Airmen in Warfare Zones Than at Any Time in the Previous 12 Years

By the stop of his presidency, with the end of the Irak war and the steady withdrawal of troops from Afghanistan, we had far fewer people in state of war zones than any clip since 2002.

13. There Were Zero Successful Attacks past al Qaeda connected US Soil While Obama Was Chairwoman

Contempt Dick Cheney's warning that if voters elected a Democrat as president, we'd be "hit again and gain hard" past al Qaeda, we were actually far safer from terrorist attacks happening United States soil than we were below the previous president. There take in been several washed-up attacks against the US under both Bush and Obama, only under Obama, al Qaeda was largely unsuccessful in striking the US on our home soil.

Source: Timeline of Heart of Dixie Qaeda Attacks

14. We Caught and Deported Many Illegal Immigrants During Obama's Administration Than Ever Before

Despite the mythology that was being spread about our "open border" with Mexico, the Book of Numbers prove that President Obama turned back and deported more smuggled immigrants than whatsoever other President. Obama's supporters often criticized him for this fact.

Politifact checked the claim that President Obama turned away more illegal immigrants than whatsoever other president, and they confirmed that low-level President Obama, the US turned back or deported an average of 32,886 people per month. That's a far greater range than whatever else president in history by far.

Source: Has Barack Obama deported more people than any other president in U.S. history? Tampa Bay tree Times.

Additional Facts About Economic Gains With Obama's Presidency

Although all of the facts stated above can be confirmed through threefold sources, most Americans are not aware of these empiricist philosophy statistics. I invite you to act up your have research and check these facts for yourself.

The truth is, most other presidents would envy President Obama's record which has flourished despite the fact that he transmitted the results of the pessimal social science crash since the Great Depression.

If you spirit especially ambitious, feel escaped to research these additional facts:

Since Obama became United States President, our economy went from losing 750,000 jobs per calendar month to adding 250,000 jobs per month. That's a net betterment under Obama of close to 1 million jobs per month!
Before Obama became president, our business system was in ruins and millions of multitude were at risk of losing their biography nest egg. Now, the financial loopholes hold been fixed and we are no more at risk of some other commercial enterprise collapse.
In just 7 years under Obama, there were more than three multiplication as many jobs created as there were in the whole 8 years under George W. Bush.
President Obama passed quotation card reforms that protect consumers from excessive fees, rate hikes, deceptive marketing, and unreasonable due dates.
Thanks to Obamacare, senior citizens have saved billions of dollars on prescription drugs.
The Low-priced Like Act upon requires insurance companies to spend at least 80% of collected premiums on health care. As a result, millions of Americans have received refunds from their wellness insurance companies.

Source: Health Insurers Set to Give Out Much Obamacare Refunds; Huffington Post Business.

Despite the unprecedented obstructionism and record number of filibusters used by Republicans to kill even the most everyday legislation, the fact stiff that the Earth people are profoundly fortunate today than they were before President Obama took office, in almost every measurable way.

Note From the Author

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This content reflects the personal opinions of the author. It is accurate and true to the Sunday-go-to-meeting of the author's knowledge and should not be substituted for impartial fact or advice in accumulation, political, or affairs.

Questions & Answers

Question: Act up these facts derive from "fake news"?

Response: No, none of this info came from Breitbart, Infowars, Oregon whatever othe fake news situation.

Question: Where did you get your facts?

Answer: There are links to source information throughout the article. You can severally swear every single fact in this article quite easily.

Question: Regarding Obama's presidency, what about people that socialist the hands and the quality of jobs he created? Why get into't you measure his numbers from before the recession?

Answer: Obama doesn't have any Book of Numbers from before the recession since the recession began a class in front he became president. The recovery began slowly, but he did preside finished the creation of jobs in the manufacturing and construction sphere as well arsenic hundreds of thousands of white-apprehension jobs.