New Obama ad may hearten conservatives
November 8, 2011 § 1 Comment
A new ad just out from the Obama team seems to send a message that is more appealing to his critics than his supporters. Against a background of cheering, half crazed Obamabots, we see these words superimposed: We did something no one thought possible…….We changed the course of history. It signs off with this: One year from now, all our progress could be erased
The irony, of course, is that one year from now, millions of Americans would like to see that ‘progress’ erased. Why? Let’s look at Obama‘s ‘progress‘ in terms of the economy:
Unemployment: It was 7.7 percent when Obama took office. It has been as high as 10.1 percent and has been at 9 percent or higher since May 2009 (excluding two months when it dipped a tenth of a point). Unemployment had not been above 8 percent for this long since the Great Depression.
Business Climate: According to the World Bank, doing business in the U.S. is getting considerably more difficult under the watch of the Obama Administration. As reported by the Wall Street Journal, “In 2007, the U.S. ranked third in the ‘ease of starting a business’ category. This year it ranks 13th. The cost of starting a business, measured as a percentage of per capita income, has doubled to 1.4% from 0.7% in 2007.”
Standard of Living: Even the left-leaning Christian Science Monitor recently admitted, “The standard of living for Americans has fallen longer and more steeply over the past three years than at any time since the US government began recording it five decades ago.”
Poverty: The Wall Street Journal reported “Nearly 15% of the U.S. population relied on food stamps in August, as the number of recipients hit 45.8 million,” a rise of 8.1 percent in the past year. An article in Atlantic Magazine almost gleefully reported at the end of the Bush presidency that “Bush’s record on poverty is … bleak. When Bush left office in 2008, the number of poor Americans had jumped to 26.1 per cent.” However, a Census report just released shows that poverty is now an astonishing 49.1 percent, the worst it’s been in 52 years and nearly double the ‘bleak’ level under G.W. Bush.
Housing: A recent CNN Money article reported, “According to Fiserv, a financial analytics company, home values are expected to fall another 3.6% by next June, pushing them to a new low of 35% below the peak reached in early 2006 and marking a triple dip in prices.”
Household Income: According to an October report, based on U.S. Census Bureau data, median annual household income fell twice as fast as it had been falling before Obama’s stimulus.
Weekly Earnings: The Bureau of Labor Statistics reports that average weekly earnings for employed workers have fallen by 2.3 percent following enactment of President Obama’s stimulus bill.
Consumer Confidence: According to CBS News, “Americans say they feel worse about the economy than they have since the depths of the Great Recession .” Under Obama, consumer confidence was 61.2 percent in January 2009 and fell to 54.9 percent last month—the lowest total since May 1980. According to The Hill, “A resounding 69 percent of respondents said the country is ‘in decline,’ the survey found, while 57 percent predict today’s kids won’t live better lives than their parents. Additionally, 83 percent of voters indicated they’re either very or somewhat worried about the future of the nation, with 49 percent saying they’re ‘very worried.’
The so-called ‘misery index’ is now at a 28-year high. It rose from 8 when Obama took office, to 13, where it stands now As reported by CNBC.com, “When it comes to measuring the combination of unemployment and inflation, it doesn’t get much more miserable than this.”
It might be safe to conclude that we really don’t need any more of Obama’s ‘progress’. Perhaps, to this president, going backward is progress.
- Does Obama deserve second term? One year out, half say no. – Christian Science Monitor (csmonitor.com)
Obama, economy, unemployment, new campaign ad, poverty