When you look at the numbers, well, Obama is the one peddling fiction about the economy. For example, take a look. During his time in the White House, median household income, when adjusted for inflation, has been completely flat and hasn't actually recovered fully since he's been in office.
The labor participation rate is near a 40-year low and has been under 63 percent now for 21 consecutive months. And instead of putting people back to work, under this president, the number of Americans dependent on government is surging. A near record $45 million Americans currently receive food stamps. That is an increase of 42 percent since January 2009.
As for poverty, the president talks about helping every American get ahead, but this again has not been the case. Since 2008, the poverty rate has shot up 17 percent. 46 million Americans now live in poverty, and the dream of owning your own home has been made a nightmare under Obama for many Americans. The rate of those who own a home has now dropped several percentage points. Now, we also saw record numbers of foreclosures during his presidency. 2011 was the worst year on record for home sales.
And under the president, our national debt has reached very dangerous levels. In January 2009, when he took office, it stood at $10.6 trillion. Well, it's almost $19 trillion today, a 77 percent increase. By the time he leaves the White House, he will accumulate more debt than every other president before him combined. And because of this massive accumulation of debt, for the first time ever, America's credit rating was downgraded in 2011.
And that's not all. Now, last night, when he wasn't misleading you, the public, the president also took shots at the GOP front-runner Donald Trump and his proposed Muslim ban. Take a look.
