Barack Obama is entirely predisposed to claiming that he inherited a an economic mess, and it in truth, he did. He did assert that he could fix the economy in three years and implied that he perhaps ought to be limited to one term if he did not deliver.
Back then he said he should be held accountable but today wants to be accountable for absolutely nothing save for killing Bin Laden.
As democrats controlled the entire Congress for the first two years of Obama’s term and were able to shove pretty much anything they wanted down the throat of the country it seems appropriate to judge this administration by the effects of the policies put in place by Obama and the democrats from after the time they were enacted.
Democrats labeled last year “the recovery summer” but it did not pan out that way. Obama’s election campaign theme seems to be “It could be worse” but the fact is things are not getting better- especially not for the middle class.
Between June 2009 and June 2011:
– Real median annual household income for family households with a male or female head and no spouse present (many with children in the household) declined by 7.3 percent (from $39,321 to $36,465) compared to a decline for married-couple households of 4.5 percent (from $76,783 to $73,324).
– Real median annual household income for households with a head under 25 years old declined by 9.5 percent (from $32,123 to $29,060) compared to a decline for households with a head 45 to 54 years old of 5.5 percent (from $65,911 to $62,315).
– Real median annual household income for households with a head looking for work or on layoff (unemployed) declined by 18.4 percent (from $41,037 to $33,487) compared to a decline for households with a head working full-time of 5.1 percent (from $72,104 to $68,454).
– Real median annual household income for households with a Black (not Hispanic) head declined by 9.4 percent (from $35,072 to $31,784) compared to a decline for households with a White (not Hispanic) head of 4.7 percent (from $59,111 to $56,320). The decline for households with a Hispanic head was 4.9 percent (from $41,945 to $39,901).
Michael Barone points out that Obama knows how to do nothing other than rearrange the deck chairs on the Titanic:
So why should voters be leery of economic redistribution in times of economic distress?
Perhaps because they realize that they stand to gain much more from a vibrantly growing economy than from redistribution of a stagnant economic pie. A growing economy produces many unanticipated opportunities. Redistribution edges toward a zero-sum game.
They miss growth when it is absent. They don’t appreciate it so much when it is happening.
Roosevelt’s 1934 and 1936 victories were won in periods of growth. After the economy shifted into recession in 1937, New Deal Democrats fared much worse, and Roosevelt won his third and fourth terms as a seasoned wartime leader, not an economic redistributor.
Lesson: If you want redistribution, you’d better first produce growth. Which the Obama Democrats’ policies have failed to do.
Barack Obama is a community organizer. He knows how to grow division and class warfare. He knows nothing of growing economies. Left alone in control, democrats created policies that were not only not helpful to the economy and the middle class, they are harmful. The so-called “obstruction” by the GOP may be the only thing saving the middle class from Obama and the democrats.