Monday, April 11, 2016
Highlights of the Obama Regime
By John Velisek USN (Ret), staff writer
I was bored the other day. In my boredom I made the choice to watch Obama’s latest televised offering of lies and deceit as sent to us by the supine media. The lies reminded me of the sanguine presentations which invariably accompanied the “5 year plans” of the old Communist regime. That is, everything is sweetness and light; we have “turned the corner” to a better life. But then, numbers don’t lie and no matter what our Messiah-in-chief says, the people on the ground and in the streets know that he is lying.
Obama spent the better part of this particular speech touting the extent of his accomplishments and blaming the media for the depressed mood of the American public. After all, there is nothing in the nation that Obama hasn’t fixed. The recession is over, the economy is moving forward at a robust 2.4% and jobs are coming back. These are the high points of Obama’s legacy; they mark the successes he wants documented in America’s history books.
But what are the true highlights of the Obama Regime?
Factory orders have reached their lowest level since 2011. In 16 months of year by year comparisons, we have not seen a greater drop except during a recession.
Corporate earnings are down and economists are estimating an additional 8.5% drop this year when compared with 2015. Such numbers have not been seen since the Great Recession of 2008. Debt Defaults by corporations are at their highest levels since 2009 with S&P 500 earnings down 18.5%. Business sales have fallen 5% and Better Business Bureau ratings have been driven down to an average of “BB;” lower even than in 2008.
Major firms announced an increase in job cuts of some 32% in the U.S. just during the first quarter of 2016. Consumers accumulated more credit card debt in the 4th quarter of 2015 than in 2009, 2010 and 2011 combined.
Home sales were down 7.1%, auto loan defaults have hit the highest level since 2008 and major retailers are closing hundreds of stores throughout the country, putting people out of jobs and making the conditions in many cities even worse.
The current total of 102 million unemployedAmericans represents the highest number anytime since the last months of the Great Depression. Not even counted are the underemployed or those with part time jobs looking for full time work.
Exports have been declining, something that has never happened except during a recession. Government debt increased more during the first three years of Obama than during the entire 8 years of the Bush Administration, leaving our children and grandchildren swimming in debt they will never be able to repay. Much of this money has gone for benefits for those coming across the border and the Middle East to make sure that they have all they need when the get here. Social Security and Medicare will be destroyed by those demanding benefits without working for them or contributing to the programs. It comes down to government theft, or almost $100 million dollars from our future generations every hour of every day for those undeserving of what they are being given.
We are now in the midst of a crisis in this country. Financially, culturally, and politically we are losing our country to those whose hands are out and who will always want more. It is time to steer the ship of state back to an approach that will strengthen our country and our people. This may be our last chance.