SEARCH BLOG: ECONOMY
It has been 3-1/2 years since Barack Obama took over as President of the United States. During that time, he claims to have "created" millions of jobs, but the record says that any job creation has been just enough to tread water... there has been no employment improvement during his term. The U.S. Unemployment Rate under Obama is above January, 2009 when he took office. [source]
The number of unemployed persons [in thousands] has not been reduced since
Barack Obama took over as President of the United States. [source]
During the time since Barack Obama took over as President of the United States, the U.S. national debt has skyrocketed, tax rates are about to go up, spending on government programs has run amok, and what do we have to show for it?
A stimulus bill equivalent to 1,567 Golden Gate bridges. A 2011 federal budget equivalent to 6,788 Golden Gate bridges. And yet we don't have a single one.
Because that's not what Big Government does: Money-no-object government spends more and more money for less and less objects. For all the American economy has to show for it, President Bob the Builder took just shy of a trillion dollars in stimulus, stuck it in his wheelbarrow, pushed it halfway across the Golden Gate Bridge, and tossed it into the Pacific.
Instead of roads and bridges, Obama-sized government funds stasis and sclerosis: The Hoover Dam of regulatory obstruction, the Golden Gateway to dependency. Last month, 80,000 Americans signed on to new jobs, but 85,000 Americans signed on for Social Security disability checks. Most of these people are not "disabled" as that term is generally understood. Rather, it's the U.S. economy that's disabled, and thus Obama incentivizes dependency. What Big Government is doing to those 85,000 "disabled" is profoundly wicked. Let me quote a guy called Mark Steyn, from his last book:
"The evil of such a system is not the waste of money but the waste of people. Tony Blair's ministry discovered it was politically helpful to reclassify a chunk of the unemployed as 'disabled.' A fit, able-bodied 40-year-old who has been on disability allowance for a decade understands somewhere at the back of his mind that he is living a lie, and that not just the government but his family and his friends are colluding in that lie." [source]
And so where do we stand on the cusp of President Barack Obama's re-election victory?
US poverty on track to rise to highest since 1960s
US poverty on track to reach 46-year high; suburbs, underemployed workers, children hit hard
WASHINGTON (AP) -- The ranks of America's poor are on track to climb to levels unseen in nearly half a century, erasing gains from the war on poverty in the 1960s amid a weak economy and fraying government safety net.
Census figures for 2011 will be released this fall in the critical weeks ahead of the November elections.
The Associated Press surveyed more than a dozen economists, think tanks and academics, both nonpartisan and those with known liberal or conservative leanings, and found a broad consensus: The official poverty rate will rise from 15.1 percent in 2010, climbing as high as 15.7 percent. Several predicted a more modest gain, but even a 0.1 percentage point increase would put poverty at the highest level since 1965.
Poverty is spreading at record levels across many groups, from underemployed workers and suburban families to the poorest poor. More discouraged workers are giving up on the job market, leaving them vulnerable as unemployment aid begins to run out. Suburbs are seeing increases in poverty, including in such political battlegrounds as Colorado, Florida and Nevada, where voters are coping with a new norm of living hand to mouth. [source]
So, Mr. President, just what about your term as President of the United States, qualifies you for a second term?
IT CAN'T BE THE ECONOMY.
The fact that your Democratic Party Congress and you conspired to pass the largest government program in history?
The fact that your Justice
Department and you have repeatedly ignored laws passed by Congress? The fact that you have an activist anti-energy/anti-business Environmental Protection Agency? The fact that your foreign policy is focused on supporting the ascendancy of the Muslim Brotherhood throughout the Middle East and Northern Africa?
Tell us again why you should have another term.
..
From 
FRIDAY, APRIL 10, 2009
Obama to Push Tax Forgiveness Bill as One Priority