The mainstream media covered the inauguration of Barack Obama with
breathless anticipation on Monday, but should we really be celebrating
another four years of Obama? The truth is that the first four years of
Obama were an absolute train wreck for the U.S. economy. Over the past
four years, the percentage of working age Americans with a job has
fallen, median household income has declined by more than $4000, poverty
in the U.S. has absolutely exploded and our national debt has ballooned
to ridiculous proportions. Of course all of the blame for the
nightmarish performance of the economy should not go to Obama alone.
Certainly much of what we are experiencing today is the direct result of
decades of very foolish decisions by Congress and previous presidential
administrations. And of course the Federal Reserve
has more influence over the economy than anyone else does. But Barack
Obama steadfastly refuses to criticize anything that the Federal Reserve
has done and he even nominated Ben Bernanke for another term as Fed
Chairman despite his horrific track record of failure, so at a minimum
Barack Obama must be considered to be complicit in the Fed's very
foolish policies. Despite what the Obama administration tells us, the
U.S. economy has been in decline for a very long time, and that decline
has accelerated in many ways over the past four years. Just consider
the statistics that I have compiled below. The following are 37
statistics which show how four years of Obama have wrecked the U.S.
economy...
Read more: http://theeconomiccollapseblog.com/archives/37-statistics-which-show-how-four-years-of-obama-have-wrecked-the-u-s-economy
Read more: http://theeconomiccollapseblog.com/archives/37-statistics-which-show-how-four-years-of-obama-have-wrecked-the-u-s-economy
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