In the last week of his presidency, Obama seems to be living in some sort of presidential or political la la land. He continues to announce to the country our prosperity of the past 8 years. The growing economy and great job market. While he gives out medals, our children will inherit the largest national debt in history while they continue to drown in student loan debt. The job market for them looks bleak.
The job market appears to be stagnant. It appears more people are uninsured. Obamacare doesn’t seem to be working. The economy just doesn’t look like it’s doing all that well. So why do fact checkers and other organizations paint such a great prospective?
Each of us are in our own microcosm of the world. We go to work, if we could only find a job. We try to do our best or just go and collect that paycheck. I think this holds true for our president the past 8 years. Who can ignore the financial ruin that our country has been experiencing?
But the president and the political establishment in Washington seem to be in a world of their own. The Washington elite have effectively separated themselves from the financial plight of our nation. Obama continues to tell the American people the virtues of his presidency. How great our country has become under his oppressive reign.
Obama gave his farewell speech this week. He stuttered into his speech speaking of self showering gratitude and the importance of a King in his own mind. As the disillusioned crowd chanted “four more years”, I was thanking GOD for our change in direction.
You would think listening to his speech, that we are in the midst of the greatest economic recovery we have ever seen. Our economy is booming. More people are now insured by healthcare and getting jobs. His self-proclaimed gratitude continues. Where does this information come from? It just appears that he only cites what people want to hear.
It appears he gets much of his information from FactCheck.org, a project of The Annenberg Public Policy Center.
So, he sat down with Lester Holt this week on NBC on a one on one interview called “The Reality of Hope.”
NBC, another biased news source, has been highlighting the repeal of Obamacare all week. Featuring crying granny’s hooked up to IV’s in hospital gowns wondering if they will get left behind when Obamacare is repealed. Once again hammering home the fact that there is no replacement plan.
The president as well as the liberal, biased media forget to tell the American people a replacement plan has been in the works for two years called the Empowering Patients First Act . Never mind that. (See Replacing Obamacare . . . It’s simple . . . Really)
As they sat down for the interview, Lester Holt starts by showing Obama his victory speech of 8 years ago.
“The road ahead will be long. Our climb will be steep. We may not get there in one year or even in one term. But America, I have never been more hopeful that after tonight, we will get there. I promise you, we as a people, will get there.” (Crowd chants Yes, we can, Yes we can. . . )
Did you? (Lester) Yes we did, he replied, mirroring his farewell speech delivered Tuesday night in Chicago.
“Yes, we did. Yes, we can”.
“Look if you would have told me at the beginning of my presidency that 8 years later the economy would be stabilized, we cut unemployment in half from its peak. The stock market recovered. We provided 21 million people with health insurance who hadn’t had it before. I would have said, alright, we did OK.” – Obama
Did you see some idealism in that young man there? (Lester)
“Yes I did, and that idealism hasn’t left. Look. I’m grayer. People like to note the additional wrinkles. My spirit is unchanged, its undaunted. I continue to believe that as frustrating as sometimes it can be, American democracy moves the ball forward.” – Obama
In terms of the real reality of hope. “Hope,” likewise, escapes the president’s lips as a narrow and cramped conceit. Historically, “change” has served as a neutral term in politics — a means of conveying that the status quo is toast. “Hope,” too, carries along with it no intrinsic value judgments; if a person hankers, its conditions are met. (National Review)
As disillusioned as this may seem to most of us, he is serious. Over the next few posts, I’d like to look at the latest FactChecks and break them down. Really get to the bottom of this.
Has our economy really grown? Have things really moved forward, or just a little backward? Have we cut unemployment? Has the stock market really recovered and is healthcare better with Obamacare? His spirit may be unchanged, but the spirit of our nation has become less idealistic.
Let’s look at October 2016, FactChecks.org lists the changes to our economy over the past 8 years under president Obama: ( Source: FactChecks)
- The economy has added nearly 10.7 million jobs.
- Median household income has gone up $1,140, or 2 percent.
- The buying power of the average worker’s weekly paycheck is up 4.2 percent.
- Median sales prices of existing single-family homes are up 23 percent.
- The unemployment rate has dropped well below the historical norm; job openings are at a 15-year high.
- Corporate profits and stock prices have both soared to record highs.
- The number of people lacking health insurance has gone down by 16.5 million.
- The murder rate is down nearly 5 percent, despite an increase in 2015.
- The number of unauthorized immigrants estimated to be living in the U.S. is down, according to demographers.
- Wind and solar power have quadrupled; coal production has dropped 36 percent; carbon emissions have gone down 12 percent.
- However, the poverty rate is still 0.3 percentage points higher, and the number of Americans on food stamps is up nearly 36 percent.
- Federal debt has more than doubled, and annual federal deficits, after shrinking, are again on the rise.
- The home ownership rate has dropped to the lowest point in more than 50 years.
- Handgun production has more than doubled.
Liberals will be giddy as school girls with these numbers. The president continues to cite these numbers in his speeches and interviews. However, when you look into them more closely, much of the data is misleading.
Lets look at the first claim about our economy and jobs:
The economy has added nearly 10.7 million jobs.
Consider this, while Obama has now played more rounds of golf than Tiger Woods since 2009, although the economy appears to have added more jobs, the last 8 years have brought the lowest labor participation rates since the ’70’s with 95 million Americans out of the labor force.
Over 11 million more Americans are on food stamps earning Obama the nickname “The Food stamp President”. Unemployment is at record numbers. The number of Americans on food stamps is the highest in 30 years. (45. 8 million in 2015) The highest rates seen in 2013 (almost 48 million people on food stamps)
Since Obama took office 8 years ago, more than 43 million Americans now live in poverty. It’s even worse for black Americans and more so for single black women. The income gender gap between men and women has also been widening in the past 8 years.
Although Obama received 57% of the women’s vote in 2012 and 66% of single women vote, a staggering 57 million women over 16 are out of the workforce since 2008.
On Obama’s watch, an additional 2 million women have slipped into poverty. Wait a minute — this is supposed to be an economic recovery. The poverty rate among women is now 16.1 percent — the highest level in 20 years. (RealClear Politics)
And consider the GDP, a bench mark for economic growth. Obama is the only president in history not to exceed a 3% GDP each year of his presidency. Average growth since 1790 to 2000 has been around 3.79%. (National Review)
And as much as Obama want’s you to believe that he is looking out for the poor and middle income groups, the people who fared the best in those 8 years were the richest 10%
The richest people have seen their share of taxes decline quite dramatically under this “socialist” president – while, interestingly, the share of federal income tax paid by the middle class has, according to the IRS, slightly risen. (The Telegraph)
Stay tuned for the second installment of Presidential La La Land. . .