A representative republic (like America) needs informed voters in order to stay free. There is a real question in my mind as to whether or not we have those voters right now. President Obama is in campaign mode right now–that seems to be his default mode–and some of the things he is saying are so untrue that they are almost comical.
The article quoted the President:
“By almost every measure,” he declared, “the American economy and the American workers are better off than when I took office.”
That may be what he believes, but the facts tell a different story.
The article reports some of the statistics:
…a sixth of the U.S. population is currently receiving food stamps, an increase in the participation rate in the Supplemental Nutrition Assistance Program of 61 percent since 2008.
Rep. Kevin Brady, (R-TX), chairman of the Congressional Joint Economic Committee, summarized the U.S. economy’s subpar recovery several months ago, in May: “Our economy has a real GDP growth gap of $1.5 trillion in this recovery compared with the average of other post-1960 recoveries. And that has left us with a private-sector jobs gap from the end of the recession of 5.7 million jobs.”
…August 25 report in Forbes by economist John Goodman documented via Federal Reserve surveys that Obamacare is a key reason for the nation’s persevering joblessness and declining levels of inflation-adjusted household income.
…Based on its August 2014 survey of manufacturers, the Federal Reserve Bank of Philadelphia reported that 18.2 percent of employers said they cut workers because of the Affordable Care Act versus 3 percent who hired more.
Similarly, 18.2 percent of employers said their proportion of part-time workers is higher because of Obamacare versus 1.5 percent who said it was lower.
President Obama is not responsible for the recession. However, his economic policies are responsible for the fact that the recession is still with us. Five years into the Reagan Administration, the country was rapidly climbing out of the Jimmy Carter ‘malaise.’ The voters chose to elect President Obama a second time and to send Democrats to the Senate. We can’t undo the Presidential election for another two years, but we can undo the Democrat control of the Senate and begin to put our country on the right economic path. It’s up to the voters to get out and vote and to change control of the Senate. We need people who understand economics who will block the crony capitalism and runaway spending that has been Washington’s way of doing things recently.