Olemike's Blog

Are we “Better Off” after 2 years of Obama?

Posted by olemike on 06/16/2011

It has recently been suggested to me that we are “absolutely better off” now than when President Obama took office.  Unfortunately, it doesn’t feel that way.

According to the Bureau of Labor Statistics, unemployment was at 7.8% in January of 2009 when Mr. Obama took office.  As of 6/13/11, it stood at 9.1%.  Does that feel better?

In January of 2009, the price of gasoline in California was about $2.05/gal.  In early June, it was about $3.94/gal.  Does that feel better?

Commodity prices, as measured through the Standard & Poor’s GSCI, are up about 7 percent this year alone..  Does that feel better?

The Federal Debt in Jan 2009 was 10.6 trillion.  At the end of May 2011, it was at 14.3 trillion.  Does that feel better?

I’m sure if we dug deep enough, we could find some metrics that look better today than when President Obama took office.  He does, in fact, get credit for killing Osama Bin Laden.  However, in the big picture, his administration has failed to achieve success in reducing unemployment, ending deficit spending, and addressing the problems facing us with the huge national debt continuing to grow.  Noteworthy is the fact that the Democratic led congress did not even pass a budget in the 2010 fiscal year.  Why –  because they were concerned about public reaction to their plans.

 

Don’t get me wrong.  I don’t necessarily believe that the Republicans have all the right answers to these big issues.  However, as President, Mr Obama has failed to lead the country in addressing these problems.  That is why he is,  thus far, a failure.

He got elected by promising hope and change.  I, for one, am still hoping for change!

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One Response to “Are we “Better Off” after 2 years of Obama?”

  1. OH my gosh this is good! Thanks for sharing some hard facts.

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