I keep seeing an article circulating entitled: 8 years of suffering under Barack Obama: Fair enough. Let’s take a look...by Teri Carter.
Teri Carter goes on to prove how the 8 years of Obama was not as bad as many think, and was actually quite good. This cannot stand :)
The article first points out that the Dow tripled under Obama. The stock market only partly explains things. Don't forget that Zimbabwe, while suffering from inflation at 231 million percent, also had a great stock market at the same time. People are forced into the stock market when they lose confidence in the dollar. This was also the time of the birth of bitcoin, a digital alternative to the dollar that grew popular as people lost faith in government fiat currency.
Also: "Soaring stock market prices are not a result of increased productivity or innovation — they are a symptom of central bank fueled asset inflation and corporate debt. In fact, since 2008, corporate debt has doubled. Almost 100 percent of all corporate issued debt has been used to buy back stocks and prop up equity prices. This bears repeating. Almost none of America’s recently issued corporate debt has gone toward investing in plant and equipment, increasing the workforce, research and development, or expanding operations in any meaningful way." ~Yonathan Amselem
Next the article points out that Obama saved the auto industry with bailouts of which they were paid back with interest.
That's not exactly true. What Obama saved was the United Autoworkers Union. Obama didn't care about all those workers in the numerous dealerships he closed down. He didn't care about the countless Americans who lost their warranties. He certain't didn't care about the tens of thousands of (non-union) workers that supplied parts to GM that lost their jobs. Also, taxpayers spent a total of $79.7 billion on the auto bailouts, but received only $63.1 billion back, which makes for a total loss of $16.6 billion.
She also states that Obama set a record 73 straight months of private-sector job growth.
What Obama did, with Obamacare, was set a cap for employers at 50 employees or less, and to reduce work hours to 30 hours or less. As a result, one good full-time was replaced with 2 or more part time jobs...and there you have the growth. Many lousy jobs were created to replace the good full time jobs. Additionally, labor participation dropped to historic lows with a record of about 95 million Americans not in the labor force. Also, Obama's GDP growth was the worst since the Great Depression. He was the first president EVER to not reach 3% GDP growth.
As for the Affordable Care Act, it destroyed my health benefits. I am now forced to pay for a policy that is utterly useless to me. In fact, I now have to pay more out of pocket WITH a healthcare plan than without. I now avoid doctors and clinics even when I need them. Many others are suffering even more. In fact, as reported in the Washington Post, life expectancy fell for the first time in decades under Obama. What an absolute travesty.
Welfare spending is not down. Food stamp recipients increased by over 10 million under Obama. A number we should not be seeing if the economy was really great. Historically low home ownership rates, a rise in tent cities and a rise in middle-aged male suicides, which happened under Obama, is also something you should expect with a really bad economy. Homelessness for veterans may have decreased, but it increased for others (and there are still homeless vets out there). This doesn't even factor in the growth of adult children still living with their parents. This is something you expect under an anemic economy. At some point you have to ask why there has been great support for Trump from working-class Americans? If most Americans really thought they were better off today than in January 2009, Hillary would be president right now.
Obama did indeed sign The Lilly Ledbetter Act, an act based on an economic fallacy. Even his own White House had a "gender pay-gap".
The fact that Obama reduced the federal deficit from 9.8 percent of GDP in 2009 to 3.2 percent in 2016 only obscures the fact that he spent an enormous amount of money in the early years. The deficit was still higher than the average of the past 60 years. Let's not forget that Obama spent more money than anyone else in the history of the world. This will end badly one day.
Obama did order the hit on Obama. His administration also helped depose Gaddafi's Syria, which destabilized the Middle East and created ISIS and the migrant crisis...and the world is now a much more dangerous place because of it.
And yes, Obama was awarded the Nobel Peace Prize. A prize that was given to him at the outset of his presidency when he accomplished nothing but getting elected. It was a prize given to a leader who was at war for the entire duration of his presidency. As Penn Jillette mentioned a few years ago: “The only difference between Obama and Bush is that Obama is killing more people. He’s about double the numbers now. Can you imagine if McCain had won and did precisely what Obama has done, with every speech and every political maneuver overseas? There’d be riots in the streets about the people we’re killing. And yet because it’s Obama, and he’s better looking and better at reading the teleprompter, we let him get away with it.” President Obama even bragged to his aides that he’s “really good at killing people,” during discussions about drone strikes, according to Mark Halperin and John Heilemann's book: Double Down.
Also, under Obama race relations in America had degenerated and was dragged back 50 years. Any progress that was made in this area over the decades was stripped away by Obama, who fueled racism in order to disguise a bad economy, which then produced home-grown racist terrorist groups and anti-Free Speech groups. That's right, under Obama, free speech no longer became a cherished ideal, but instead became something that needed to be quelled by any means necessary. Additionally, the Obamas had their official portraits painted by Kehinde Wiley, a racist who previously painted empowered black women beheading whites. This is all you need to know about how Obama views race.
After eight long years of obfuscations, lies and propaganda, it's time to call Obama exactly what he is.
Worst.President.Ever
-Heinz Schmitz
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