There will be no significant recovery in the United States of America while Barack Obama is President. The evidence is overwhelming: everything Obama has tried to fuel a recovery (with his Democratic allies in Congress) has failed. Statistics claiming jobs saved by the stimulus package were mostly fiction, and cost American taxpayers about $275,000 each. Nearly 2-1/2 million fewer Americans have jobs than before the stimulus.
Barack Obama has been President for 30 months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a program that doesn’t create jobs, but might destroy a lot of them. He “bailed out” GM, but many believe that his interference didn’t save GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate investors to buy off the UAW. His broken campaign promises are too numerous to list. At some point, his statute of limitations on blaming Bush runs out. The latest joke is that the White House is that named the location of East Coast earthquake near DC “Bush’s Fault.”
Obama himself said, “…that after three years, if the economy wasn’t fixed he should be a one-term president.” Clearly the economic malaise started on George W. Bush’s watch. Its causes will be argued for decades, but most of them are traceable to irresponsible lending and excessive spending— both by government and the American people. The trouble that started before 2008 is directly traceable to actions (or inactions) of Bush and GOP allies in Congress. They spent America into the start of the current deficit during his eight years in the White House.
But that was then, and this is now. Since Obama took office the situation has gotten much, much worse. Obama has run up the deficit at more than twice the rate Bush did. During the first quarter of 2011, the US economy “barely grew” —at 0.4%—that was followed by second quarter’s “anemic growth” of 1%. This was during the period when the Obama recovery was supposed to be well underway. Employment data is unremittingly terrible: new jobless claims are stuck at 400,000+/- each month, with job creation well below what it takes just to absorb new workforce entrants. More Americans have been unemployed longer than ever in our history. And looking ahead, the news is not good.
This is Obama’s failed American recovery, and in the near future, Obama’s impending double-dip recession (thanks in no small part to his three consecutive years with Trillion-dollar in deficits that have inflated the national deficit to soaring heights—$14+ Trillion.) That legacy clearly belongs to President Barack Obama and with help from the Congress led by Harry Reid and Nancy Pelosi during 2008-2010. Thanks to them, our country hasn’t even had a budget since Obama took office.
Face it folks: This is Obama’s failed recovery. And if (or when) it comes to pass, this “double-dip” recession (just around the corner) is his too.
Make no mistake, there IS plenty of blame to go around. About 75% of Americans are fed up with both Obama and Congress. The conservative and liberal factions of the House and Senate behaved badly in the recent debt ceiling negotiation. President Obama wanted to stay above the fray so he provided no leadership. He didn’t even know how to bring the opposing viewpoints together. He talked about bi-partisanship and consensus, but his actions disproved his words.
Until the president saw an impending disaster, he sat on the sidelines, afraid to do anything that might hinder his reelection campaign. Then, when his intervention didn’t help, and arguably hurt the progress, he grew impatient, petulant and angry.
John Boehner, however, did an admirable job trying to build a compromise deal on the debt ceiling, and get his own Caucus to support such a plan. Except, Obama was attacked by his liberal base for even considering the “grand bargain,” so he came in and dumped another “raise taxes more” demand on Boehner. I’d have walked out too, which Boehner was right to do.
Whatever happens, this failed recovery and impending recession belong to President Barack Obama. His condescending explanations of why “we Americans” don’t get it, how “this will take a long time,” this recovery, and his “class warfare” about “millionaires and billionaires” versus the “common folk” are all wearing thin.
Showing posts with label Barack Obama failed presidency. Show all posts
Showing posts with label Barack Obama failed presidency. Show all posts
Tuesday, August 30, 2011
Friday, June 3, 2011
Some disheartening facts about the Barack Obama Presidency
Here are some facts about the Barack Obama Presidency thus far. Nothing short of disheartening to say the least.
1. Doubled the national debt in a single year
2. Proposed to double the debt again within 10 years
3. Joined the country of Mexico and sued a state in the United States to force that state to continue to allow illegal immigration
4. Put 87,000 workers out of work by arbitrarily placing a moratorium on offshore oil drilling on companies that have one of the best safety records of any industry because one foreign company had an accident
5. Used a forged document as the basis of the moratorium that would render 87,000 American workers unemployed
6. Spent hundreds of thousands of dollars to take his First Lady to a play in NYC
7. Reduced your retirement plan holdings of GM stock by 90% and given the unions a majority stake in GM
8. Given Gordon Brown a set of inexpensive and incorrectly formatted DVDs, when Gordon Brown had given him a thoughtful and historically significant gift
9. Given the Queen of England an iPod containing videos of his speeches
10. Visited Austria and made reference to the nonexistent "Austrian language"
11. Stated that there were 57 states in the United States
12. Flown all the way to Denmark to make a five minute speech about how the Olympics would benefit him walking out his front door in his home town
13. Been so Spanish illiterate as to refer to "Cinco de Cuatro" in front of the Mexican ambassador when it was the 5th of May (Cinco de Mayo), and continued to flub it when he tried again
14. Burned 9,000 gallons of jet fuel to go plant a single tree on Earth Day
15. Ok'd Air Force One flying low over millions of people followed by a jet fighter in downtown Manhattan causing widespread panic
16. Failed to send relief aid to flood victims throughout the Midwest with more people killed or made homeless than in New Orleans
17. Created the position of 32 Czars who report directly to him, bypassing the House and Senate confirmation process
WAKE UP FOLKS. These are not "political assertions" designed to make BO "look bad" (he does a very fine job of that without any help) - they are simply just some of the facts of his actions.
Now, the question before the good people of America is: Can we really stand anymore of him in office?
1. Doubled the national debt in a single year
2. Proposed to double the debt again within 10 years
3. Joined the country of Mexico and sued a state in the United States to force that state to continue to allow illegal immigration
4. Put 87,000 workers out of work by arbitrarily placing a moratorium on offshore oil drilling on companies that have one of the best safety records of any industry because one foreign company had an accident
5. Used a forged document as the basis of the moratorium that would render 87,000 American workers unemployed
6. Spent hundreds of thousands of dollars to take his First Lady to a play in NYC
7. Reduced your retirement plan holdings of GM stock by 90% and given the unions a majority stake in GM
8. Given Gordon Brown a set of inexpensive and incorrectly formatted DVDs, when Gordon Brown had given him a thoughtful and historically significant gift
9. Given the Queen of England an iPod containing videos of his speeches
10. Visited Austria and made reference to the nonexistent "Austrian language"
11. Stated that there were 57 states in the United States
12. Flown all the way to Denmark to make a five minute speech about how the Olympics would benefit him walking out his front door in his home town
13. Been so Spanish illiterate as to refer to "Cinco de Cuatro" in front of the Mexican ambassador when it was the 5th of May (Cinco de Mayo), and continued to flub it when he tried again
14. Burned 9,000 gallons of jet fuel to go plant a single tree on Earth Day
15. Ok'd Air Force One flying low over millions of people followed by a jet fighter in downtown Manhattan causing widespread panic
16. Failed to send relief aid to flood victims throughout the Midwest with more people killed or made homeless than in New Orleans
17. Created the position of 32 Czars who report directly to him, bypassing the House and Senate confirmation process
WAKE UP FOLKS. These are not "political assertions" designed to make BO "look bad" (he does a very fine job of that without any help) - they are simply just some of the facts of his actions.
Now, the question before the good people of America is: Can we really stand anymore of him in office?
Subscribe to:
Posts (Atom)