What “Change” Looks Like….Must READ
November 17, 2011
The Misery Index Gets Deeper
In this week’s “Commentary” online, author Peter Wehner spells it all out: what the price of Obama’s “change” actually is for Americans. The list is so surprisingly long it reads like a shopping list for Kate Plus 8 and the Gosselin family. Speaking in Hawaii this week, Barack Obama put it all in perspective f or us:
“We knew it wouldn’t come easy, we knew it wasn’t going to come quickly, but three years later, because of what you did in 2008, we’ve already started to see what change looks like.”
Now that we know, HOW do we make it STOP!?
And a reasonable question? Is this ALL Obama’s fault? Wehner writes that ” a president’s influence can make ALL the difference.”
Read it…and weep:
“* A misery index that is at a 28-year high.
*America’s credit rating downgraded for the first time in American history.
* A standard of living for Americans that has fallen further and more steeply over the past three years than at any time since the government began recording it five decades ago.
Waiting For....A Change In Unemployment
* An unemployment rate that now stands at 9.0 percent. October marks the 33rdconsecutive month in which the unemployment rate was above the 8 percent level that the Obama administration said it would not exceed as a result of his stimulus program. And 28 out of the last 30 months has seen unemployment at 9.0 percent or above — the longest stretch of high unemployment since the Great Depression.
* Obama is now on track to have the worst jobs record of any president in the modern era.
* The share of the eligible population holding a job has reached its lowest level since July 1983.
* Chronic unemployment is worse than the Great Depression.
* Almost 26 million are either unemployed, marginally attached to the labor force, or involuntarily working part-time – a number experts say is unprecedented.
AFrican Americans Receiving No Help From Obama
* A smaller share of 16-19 year-olds are working than at any time since records began to be kept in 1948.
* Black unemployment is at its highest level in 27 years, with black youth unemployment now closing in on 50 percent.
* The rate of economic growth under Obama has been only slightly higher than the 1930s, the decade of the Great Depression.
* Federal spending as a percent of GDP, the budget deficit as a percent of GDP, and the federal debt as a percent of GDP have all reached their highest level since World War II.
* Confidence among U.S. consumers has plunged to the lowest level in more than 30 years.
* The housing market has recently entered a double dip and the crisis is now worse than the Great Depression. Home values are worth one-third less than they were five years ago. And the home ownership rate is the lowest since 1965.
* The number of people in the U.S. who are in poverty has seen a record increase on President Obama’s watch, with the ranks of
More Americans On Food Stamps Than EVER
working-age poor approaching 1960s levels that led to the national war on poverty.
* A record number of Americans now rely on the federal government’s food stamps program.
* Government dependency, defined as the percentage of persons receiving one or more federal benefit payments, is the highest in American history.
* The share of Americans without health coverage is just a shade under 50 million people, the largest in more than two decades.
A reasonable question is whether Obama is single-handedly responsible for all of this bad news. To which the answer is: No president is responsible for all the blame (or all the credit) when it comes to the economy. His influence is greater on some things (unemployment and economic growth) than others (the housing crisis). At the same time, the Reagan era showed us that a president’s agenda can make a world of difference. And unlike Reagan, Obama’s policies have not made things better – even Obama admits we’re not better off than we were four years ago — and in many respects, they have made things worse.
You’ll enjoy the ENTIRE article http://www.commentarymagazine.com/2011/11/16/change-under-obama/
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