No
Mr. President, we are not better off
By Michael Busler
In the fall of 1980, Ronald Reagan was running for President against incumbent Jimmy
Carter. He requested that Americans ask themselves one simple question.
"Are you better off then you were four years ago?" Since
Americans overwhelmingly felt worse off, Reagan won the election.
Now President Obama is asking the same question. He will, however, not like the
answer. Most Americans feel worse off today than we were four years ago or even
six years ago when the President took office. This is true in almost every
important area.
Healthcare
remains a critical issue. In 2008, there were approximately 50 million
un-insured Americans. Today that number is about 43 million. So perhaps a small
minority of two or three percent of Americans, at the lowest income level, feel
somewhat better off. But the remaining almost 300 million of us have seen our
premiums increase by more than $3,000 per year. (Obama said they would fall by
about $2,500 per family) while our tax dollars are being used to pay the
subsidies that the president brags about. In addition, many of us at not able
to keep our doctor nor are we able to keep the insurance plan we freely chose.
When the President entered office the economy was in the midst of a severe
recession. At that time, the expansive monetary policy was likely enough to
pull us out while keeping the public debt at a manageable level. But Obama
increased government spending by passing a massive near trillion dollar
stimulus package that most economists agree did little to help the economy. Then
he continued to deficit spend so that he added about $6 trillion to the public
debt; more than a 50% increase from the level when he entered office. And he
continues to run annual deficits which are at least 40% larger than any other
president.
Median
annual household income has fallen by an inflation adjusted $2,100 in the past
six years and wages have been stagnant (although, to be fair, wages were
stagnating before he took office.) Although about 5 million jobs have
been added since 2008, most of those jobs are low paying, part-time or have
gone to foreign born immigrants, many here illegally.
This recovery from the worst recession since 1981, has been painfully slow.
Instead of the recovery seeing annual growth rates in the 4% or 5% range which
is more typical after a severe recession, his policies have resulted in a growth
rate of about 2%, which barely exceeds population growth.
The energy industry has been able to expand primarily because of new
technologies that allow more efficient extraction. This could have led to an
energy boom and really stimulated the economy. But the President will not allow
the Keystone pipeline to be built, he prohibits drilling on federally owned
land and he almost destroyed the coal industry through over regulation. In
addition, he uses tax payer dollars to fund alternative energy sources that are
simply not economically ready to come to the market.
It
is no wonder than recent polls show more than 40% of Americans strongly
disapprove of Obama's handling of the economy and about two thirds of Americans
think the economy is still headed in the wrong direction.
Perhaps
where most Americans feel much worse off is on the issue of security.
Many Americans simply do not feel as safe as they have in the past. I recall
only one time in my life that I, as an American, felt a sense of insecurity.
That was during the Cuban missile crisis. Other than that I always felt safe to
be in the USA. Today many Americans are fearful of terrorists that the
President assured us were not a problem. Al-Qaida is on the run and terrorism
is not a threat, he often told us. Yet today we are at war with terrorists who
have threatened to strike on American soil.
Many fear
the IRS. Many fear big government is trying to
control their lives. Many fear that the government has intruded on
their privacy. They fear government officials who either will
not tell the truth or who refuse to answer questions.
I am not better off than I was when you
took office Mr. President. And hundreds of millions of other Americans share
that view.