Sunday, November 13, 2011

Are you better of than you were 4 years ago?

For 30 years this has been the central question of Presidential campaigns. If you are not then there is no compelling reason to re-elect the incumbent. So lets look at this question as it applies today.
Oct. 2007;
Unemployment: 4.7%
Inflation: .03%
GDP Growth: 3.2% annualized
Debt: $9.0T Deficit: $160B
Fed. SPending: $2.66T

Oct. 2011;
Unemployment: 9.1%(12.9% if labor participation rate were equal)
Inflation: 3.77%
GDP Growth: 1.7% annualized
Debt: $15.1T
Deficit: $1645B
Fed. SPending: $3.86T

Clearly there is no economic reason to re elect president Obama. So what HAS he accomplished? 30 months into his administration we have lost 1.9 million jobs. We have given our health care decisions over to the government in a massively unpopular Obamacare program. Our president is passing legislation that failed in Congress by executive fiat, through executive order and bureaucratic regulatory implementation. We are now engaged in THREE military actions instead of two, and have sent troops to a fourth. Iran is on the verge of entering the Nuclear club, our Debt has been downgraded, and may be again.

Please can anyone make an affirmative case FOR Obama's re-election?

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