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Grocery Prices Up 15% Since Obama Took Officeposted on August 10, 2012 by GiacomoThe 2012 presidential election is heating up. The national conventions for both parties are just around the corner and Barack Obama and Mitt Romney are already busy duking it out. One thing I keep hearing Obama say is how he is for the middle class. He is our friend and savior, says he. If that’s true, then let’s take a look at how his first term of office has helped the middle class. To begin with, under Obama, the middle class has shrunk while the number of Americans living at or below the poverty line has drastically increased. Millions of middle class families are now finding themselves trying to survive at poverty level incomes and in many instances it’s been devastating to them. Under Obama’s reign, we have experienced official unemployment levels of over 8% for 42 consecutive months. The broader unemployment figure for June of this year is at 14.9%. This figure accounts for those out of work, forced to work part time only and those who have quit looking for a job. The second quarter economic growth figure had dropped to 1.5%. Just to sustain ourselves, this figure needs to be at 2% and for actual growth and recovery it needs to be even higher.
