Obama and The Waiting Game

We are all just waiting.  Waiting for the clock to run out.  Waiting for people to have a reason to grow their business.  Waiting for employers to have a reason to hire.  Waiting for the time when we can have a President that is not hell bent on destroying the country.  We (mankind) have at least a hundred years of recent history of failed socialistic experiments all over the world that always end up in ruins yet there is a constituency out there that insists that we just haven’t given it enough time.

Two years into Obama’s presidency the President has only two ways to explain the situation the country is in:

1. He inherited a mess from Bush

2. He didn’t realize that the mess he inherited from Bush was as big as it was.

Let’s take the first one.  Obama certainly walked into office at a tough time.  The country was in a real mess for sure.  But there are two key points to make here.  First, regardless of how we were in that situation, why would you double down (and actually quadruple down) on the problem.  Obama didn’t reverse course from where he picked up the ball – on the contrary his policies directly made a real mess into a real big mess.  If you wanted to get America going in a healthy direction, you wouldn’t do ANY of the things President Obama has put in motion.

As for the second one, the reason the USA was in the fiscal mess it was in can be directly tied to the real estate market and directly to the specific people that created the conditions such that we would end up in the situation were in.  Specifically Barney Frank, Chris Dodd, and then Senator Obama with the implicit help of a Democratically controlled Congress.  It’s just too easy to say everything is Bush’s fault when in this specific issue in fact the Bush administration explicitly went to Congress to ask them to reign in Freddie Mac and Fannie Mae lending openness.

Watch this video

As far as the people who voted heavily for Obama in 2008, African Americans, Low Income People, and Young Professionals/College Students) their life under Obama not only has not improved, it has become even harder (how could it not with a President who insists are crushing the private sector and discouraging employment).  Check out this article.

According to the website endoftheamericandream.com  from June 6, 2011, here are 20 ways the US Economy has gotten worse since Obama became President (with supporting links to the details).

#1 In January 2009, the official U.S. unemployment rate was 7.6 percent.  Today it is 9.1 percent.

#2 When Barack Obama took office, the number of “long-term unemployed” in the United States was approximately 2.6 million.  Today, that number is up to 6.2 million.

#3 When Barack Obama first became president, the average price of a gallon of gasoline in the United States was $1.83.  Today it is $3.79.  This also affects the price of almost everything else that we buy.

#4 In April 2009, the average U.S. household spent approximately $201 on gasoline.  In April 2011, the average U.S. household spent approximately $369 on gasoline.

#5 According to an article in the Daily Mail, the cost of a Memorial Day cookout was 29 percent higher this year than it was last year.

#6 When Barack Obama was sworn in, there were nearly 32 million Americans on food stamps.  Today, there are more than 44 million on food stamps.

#7 According to the U.S. Census, the number of children living in poverty has gone up by about 2 million in just the past 2 years.

#8 When Barack Obama took office, the U.S. national debt was 10.6 trillion dollars.  Today it is 14.3 trillion dollars.

#9 The federal government has borrowed 29,660 more dollars per household since Barack Obama signed the economic stimulus law two years ago.

#10 During Barack Obama’s first two years in office, the U.S. government added more to the U.S. national debt than the first 100 U.S. Congresses combined.

#11 The combined debt of the major GSEs (Fannie Mae, Freddie Mac and Sallie Mae) has increased from 3.2 trillion in 2008 to 6.4 trillion in 2011.  Thanks to George W. Bush, Barack Obama and the U.S. Congress, U.S. taxpayers are standing behind that debt.

#12 Under Obama, the U.S. trade deficit continues to grow.  The trade deficit was about 33 percent larger in 2010 than it was in 2009, and the 2011 trade deficit is expected to be even bigger.

#13 Only 66.8% of American men had a job last year.  That was the lowest level that has ever been recorded in all of U.S. history.

#14 Just since August, 2 million more Americans have left the labor force.

#15 In 2010, more than a million U.S. families lost their homes to foreclosure for the first time ever, and that number is expected to go even higher in 2011.

#16 The U.S. real estate crisis just continues to get worse.  During the first three months of this year, less new homes were sold in the U.S. than in any three month period ever recorded.

#17 The U.S. dollar has fallen by 17 percent compared to other major national currencies since 2009.

#18 Faith in the U.S. dollar and in U.S. Treasuries is rapidly declining.  The mainstream news is not reporting on it much, but right now the Chinese are rapidly dumping U.S. government debt.  That is not a good sign.

#19 When Barack Obama first took office, an ounce of gold was going for about $850.  Today an ounce of gold costs about $1500.

#20 Americans seem to be more pessimistic about the economy than ever.  According to a brand new poll, 61 percent of Americans believe that they will not return to their “pre-recession” lifestyles until at least 2014.

But don’t you worry because the number of limousines is up 73% in the Obama administration.  You would think that those in the Obama administration would want to move around in a Prius or a Volt – after all, they want you to.

And the above 20 ways didn’t even get into Obama’s Foreign Policy brilliance.

What about Healthcare?  Obama doesn’t even talk about is signature piece of Legislation – Health Care Reform (Deform).  You would think that if this was your absolute signature piece of leadership you’d be all over it.  Why doesn’t he do this?  Maybe because everyone knows it stinks and is unconstitutional to boot.  If it were so good why would 26 states be suing over this legislation and why would there be (so far) 1400 waivers from having to participate in such a system?

 

 

Closing:

The net result is there is a lot of money in the USA in the private sector and it’s not coming out for productive use until and unless Barack Obama is voted out of office in 2012.  The choice before the country is extraordinarily clear – keep this ridiculous and destructive charade of PeeWee’s Big Adventure going or vote this menace out of office – yes menace.

Certainly whomever the Republican nominee will be needs to be sharp because if Obama thinks he inheirited a mess in 2008, it’s going to be nothing compared the mess the Republican nominee is going to walk into in 2013.

At this point I am 100% sure for at least 48,000,000 voting Americans it simply does not matter who the Republican nominee is as long as he or she can be put in the “other” check box – and that 48MM is by now more likely closer to 60MM.

Obama did this to himself (and to the country) and “ironically speaking” thank God Obama won in 2008 otherwise America may have never woken up.

>> I’ll leave you with article from today.  1.9 Million Fewer Americans Have Jobs Today Than When Obama Signed Stimulus.

“Other” is the only choice forward if we are interested in any sort of future for our kids.  I think it’s that serious.

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