Obama’s Forgotten Economy: Presidency Marked By Record Poverty Levels, High Hispanic Unemployment and Youth Still Struggling For Jobs

• President Obama says he’s making progress on the economy, but many people are still being left behind by his failed policies.

• His administration has presided over record poverty levels, including a near-doubling of Americans on food stamps.

• The Obama economy has also been particularly hard on Hispanics— who still see an unacceptably high unemployment rate of 9 percent.

• Lastly, younger Americans have an effective unemployment rate of over 16 percent and are facing the worst jobs market since World War II.

• President Obama’s failed top-down policies clearly haven’t worked—in fact, they’ve made the problem worse. It’s time to grow the economy organically so that all Americans have a fair shot.

Almost 41 Million Americans Are Currently Living In Poverty. (American Community Survey, U.S. Census Bureau, Accessed On 5/3/13)

 46 Million Americans Are On Food Stamps—The Most In History And Nearly Double The Amount From 2008. (SNAP Nutritional Assistance Program, U.S. Department of Agriculture, Accessed On 5/3/13)

The Hispanic Unemployment Rate Is 9 Percent. (Bureau Of Labor Statistics, Accessed On 5/3/13)

According To Generation Opportunity’s Millennial Youth Jobs Report, The Effective Unemployment Rate For Younger Americans Is 16.1 Percent. (Generation Opportunity, Press Release, 5/3/13)