· On
the Economy, Obama touted a host of positive economic results that have shown
improvement since he became President. *Unfortunately, what he will not mention is that he, or more accurately
his philosophy, was to blame for the financial crisis that he supposedly
“inherited”. He did not inherit
that mess, he caused it!
Redistribution of wealth, in this case redistribution of mortgage
credit, was at the heart of the Affordable Housing Initiative that was begun in
the 1990s by Democrats under Bill Clinton, and reached it’s apex in 2007 while
Democrats, including Senator Barack Hussein Obama, ran congress. No member of congress took more
campaign money at a faster clip from Fannie Mae and Freddie Mac than Senator
Obama. Fannie and Freddie were
ground zero in the subprime crisis, and Barack Obama was the subprime
king. This aspect of his past has
been completely expunged from the historical record. This is the mother of all asterisks.
· Two
other big asterisks in the rosy economic picture: Interest rates and debt. *No president in American history has had an easier Federal
Reserve policy, and no president was ever been given carte blanche to spend,
borrow, and print money like Barack Hussein Obama. Obama has borrowed, printed, and spent $11 trillion appropriated from future
generations - an unprecedented amount ($3.5 trillion from QE I, II, III, and
$7.5 trillion in new borrowing).
If $11 trillion were distributed directly to the people, every family
could be given $140,000 in cash!
And no president has had a 0% Fed funds rate for his entire
presidency. Not even close.
· There
was a lot of bragging about helping the middle class. Claims were made about rising wages. None of it is true. *Median wages have been falling since
Obama became president, which is why polls show Americans still perceive we are
in a recession.
· One
of the biggest reasons for recent economic optimism is the decline in the cost
of energy. The asterisk: *none of this is due to Obama,
Democrats, or federal
policies. It all came from
private initiatives and state laws that permit fracking, horizontal drilling,
and steam extraction.
· Obama
wants more government intervention in childcare, education, and of course,
healthcare. The asterisk: *the more government gets involved in
childcare, the more kids grow up without families and end-up in a life of crime
and dependency. Government
intervention in education and healthcare is precisely why both these areas got
to crisis levels of inflation and mismanagement. More government will lead to more of the same.
· Obama
bragged about ending the war in Afghanistan. Afghanistan asterisk: *actually, Bush had essentially decided
that our goals were achieved in Afghanistan and he had already drawn down our
forces. Obama surged troops back
into Afghanistan and nearly tripled our casualty rates (Bush = 630, vs Obama =
1726)! Nothing more was gained
from these additional deaths. You
probably didn’t know these numbers, right?
· Obama
bragged about a victory over terrorism (though he cannot get himself to admit
that Islam has anything to do with it!).
The asterisk: *really? Anyone paying attention knows this is
complete bullshit. ISIS, Iraq,
Libya, France, Yemen, Nigeria, Syria???
Hello…
I could go on but what’s the point. Obama still has about half the country
mesmerized by his propaganda, which is aided and abetted by the pop media, pop
culture, and pop academia.