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The U.S. economy suffered a 2.9% decline in GDP during the first quarter of 2014. Whilst that statement on its own is bad enough, it is even worse when we understand that it is the worst quarterly performance since the first quarter of 2009, which, by the way, was the first quarter of Barack Obama’s presidency. In fact it is the worst U.S. economic contraction in more than 40 years. Not that the economy has been in great shape in the hand of an incompetent administration for the interim, but this decline is especially worrisome as it becomes more and more apparent that President Obama’s house of cards is falling apart.
Obama’s mismanagement of, well, just about everything, is beginning to wear thin as some are circling the wagons to call for his impeachment. He seems intent upon building a legacy of either banal buffoonery or deliberate disregard for Congress or the U.S. Constitution. Or all of the above.
Starting with the American Recovery and Reinvestment Act, which wasted billions of taxpayer dollars, and following up with a list of unconstitutional executive orders, withdrawing troops from Iraq and creating the vacuum that has allowed the current situation to unravel, the foisting of his ill-conceived healthcare plan onto the American public – a plan so bad that it will be unable to keep itself funded, his embracing of terrorist leaders and groups, his Teflon-coated arrogance by which he has managed to infuriate many world leaders and avoid taking responsibility for everything from Benghazi to Bergdahl and from the IRS to the Veterans Administration (something he promised to clean up in 2008), this president and his administration have been dismantling the American nation, economically, militarily and politically, piece by piece. If things don’t get turned around on this side of the pond soon, we’ll all be begging to return to being a colony of Great Britain again.
How is it that inflation and stagnant growth blew Jimmy Carter out of the White House, but the current smiley-face president can seem to get away just about anything and walk away unscathed? I guess you really can buy votes with Obama phones.
As George Will has so eloquently described, the administration has become adept at lying with statistics and, for that matter, lying about anything. It has already tried to blame the 2.9% drop in GDP on increased healthcare spending (which the Obama administration called a good thing) and a harsh winter (apparently brought on by global warming). Sean Davis described how the Obama administration can put a positive spin on anything by saying, “Your car gets totaled by some idiot who didn’t know what he was doing. The important thing to remember is that as a result, you’ll be able to save money on gas for the next few weeks. Make sense?”
No. It doesn’t make sense. And it shouldn’t. But the dumbing-down of America has been the biggest disaster since the American Civil War and the biggest boon for the community organizer who wanted to become president without ever having held a job. Frankly, he doesn’t deserve to have one now.
Take a moment to digest some of the following facts about the American economy. Compare them against the Teflon-Obama spin.
More than $1.1 trillion in student loan debt is restraining spending. Student loan debt is now higher that auto loan or credit card debt in the U.S.
More than 40% of college graduates with student loans are either unemployed or in menial jobs.
More than 40% of job growth since 2009 has been in low wage jobs such as retail and fast food.
The “millennial” generation (ages 25-32) is the first generation of Americans since World War II that has experienced higher unemployment along with the greatest percentage of them living below the poverty line.
Employment statistics do not show the real picture that there are 300,000 fewer jobs than before the recession.
The Congress may legislate, but it is powerless compared to the Obama administration’s bureaucracy. In 2013 Congress passed 72 laws. “Unelected bureaucrats issued 3,659 new regulations.”
America is no longer of the people, by the people, and for the people. We are of the Obama administration, by the Obama administration, and for the Obama administration. Will someone, please, help?
