What the Obama Legacy Means

With Obama’s days now numbered, I was wondering what he had actually done for this country.  Aside his social policies running our country into the ground.

We can name a few now, which will undoubtedly go on the chopping block once Trump is in office:

  1.  Obama Care
  2. Paris Climate Change Agreement
  3. Iranian Nuclear Deal
  4. Dodd-Frank regulations
  5. Immigration Laws
  6. Trans-Pacific Partnership
  7. Expanding free trade

These are just the few that scratch the surface.  All dismal failures.  Many will argue that he did good things such as end the 2008 recession, receiving the 2009 Nobel Peace Prize, reducing the nuclear stockpile by 10%, eliminating Bin Laden’s threat and stopping the wars in Afghanistan and Iraq and maintaining the Federal Reserve policy to ease the country out of the Housing crises resulting in low interest rates.  (The Balance)

However, if it wasn’t for the housing crisis, Bush would have looked like the hero because we were already in a recovery phase as Bush left office. Overall, most agreed that his legacy is a dismal failure, mostly because many of his social programs will easily be overturned by the new Trump administration.

obama-working
The economy and jobs is just one other Obama failure.

The Blaze recently posted Obama’s 9 biggest failures as president that included climate change, job performance, the economy and jobs, US and Iran relations, foreign affairs, health care, terrorism, gun policies/control and the way he is handling ISIS.

Known to me as the most liberal and socialist president ever to be elected, what will be his legacy?

Certainly, and foremost, it must be what he represented.  The first African-American president of the United States.  That’s all.  He was supported and voted mostly by this demographic, but by no one else.  Not even the Republican establishment supported him.  He got absolutely nothing done or past of consequence in the last 8 years as president due to the push-back by his own congress.

He was elected by a diverse demographic that included a large constituency of black voters.  Unfortunately, for the black community, the payback was 8 years of staggering black unemployment.  The overall poverty rates, employment rates, Medium Household Income gaps have all increased between blacks and whites in the 8 years he held office.

At the start of the President’s first term, the unemployment rate was 12.7% for blacks and 7.1% for whites. Four years later in January 2013 the numbers were 13.8% and 7%, respectively, which means that the black-white employment gap had widened. (The Wall Street Journal)

He even now touts that his was presidency was largely ‘scandle-free’ .

Obama's legacy as well as Hilary Clinton's Benghazi debacle would count at least for one small controversy.
Obama’s legacy as well as Hilary Clinton’s Benghazi debacle would count at least for one small controversy.

It was anything but that.  The miserable failures of Obamacare, increased taxation on small business (which he largely ran his re-election campaign on) , the Benghazi debacle and his support of Iran.  Not to mention the debt that almost doubled from a staggering 10.6 to 18 trillion dollars. (The Washington Post)

Before 2009, it was relatively flat. Then, it exploded -- almost entirely in the "held by public" part of the debt. Debt has gone from a little over 60 percent of GDP to more than 100 percent -- meaning our debt is now equal to our total economic production. (The Washington Post)
Before 2009, the total public debt was relatively flat. Then, it exploded — almost entirely in the “held by public” part of the debt. Debt has gone from a little over 60 percent of GDP to more than 100 percent — meaning our debt is now equal to our total economic production. (The Washington Post)

His most controversial ‘legacy’ if you want to call it that, is Obamacare.  The slickness in which he passed this piece of legislation through congress largely without any Republican support is unprecedented.

That's working out well.
That’s working out well.

The president signed the Patient Protection and Affordable Care Act, the 906-page health care reform law in 2009.  The Vice-President was overheard calling it a “Big Fucking Deal”.  And yes, it was also a “Big Fucking Flop”.  Geared to protect and insure the uninsured, it did anything but that.  It forced many people off their existing plans, stiffled insurance competition and increasing premiums while decreasing benefits.

By 2017, premiums are projected to increase to 22%.  Not only will this make insurance plans more unaffordable, but it will also increase the national debt.  In short, this means that Obamacare is growing more expensive for the federal government since it has to provide larger subsidies.

bamacare premiums are set to skyrocket an average of 22% for the benchmark silver plan in 2017. The slickness in which he passed this piece of legislation through congress largely without any Republican support is unprecedented.
Obamacare premiums are set to skyrocket an average of 22% for the benchmark silver plan in 2017. The slickness in which he passed this piece of legislation through congress largely without any Republican support is unprecedented.

What many people didn’t realize, is that Obama ‘piggybacked’ other legislation on top of this bill that radically reformed the trillion-dollar student loan program.  In short, by taking over the student loan programs formerly managed by Sallie Mae and other private lenders, it took a 36 trillion dollar government surplus and diverted the tax burden to public tax payers.  The Congressional Budget Office projected  a governmental profit from the federal loan program would amount to about 1.6 billion in 2016.  (CNN Money)

When Biden’s wife, Jill, a professor at Northern Virginia, introduced Obama that day, she called it “another historic piece of legislation.” The House Republican leader, John Boehner of Ohio, complained that “today, the president will sign not one, but two job-killing government takeovers.” (Politico)

In the mean time, educational costs have soared to over 200% in just the last 20 years with out-of-state tuition increase of over 226%. (US News)  While the Pell Grant Program for a minority of lower-income students have improved, it is at the exorbitant expense to tax payers and the overwhelming increased debt to the majority of all students seeking higher education.

Indirectly, Obama not only increased the national debt, but his policies including Obamacare and restructuring and de-privatising the student loan programs increased taxes, the national debt and created a burgeoning student loan crises.

obamacarewave

Undoubtedly, Trumps legacy before he ever steps foot in the White House will be how to undo Obamacare, improving the economic gap between black and white America, increase job growth (real jobs), decreasing the overall debt and other socialistic failures set forth by the Obama administration.

Coming soon . . . how ISIS has grown by 4400% under Obama’s watch . . .

 

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