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Obamanomics

10/1/2015

 
Obama has doubled our debt since he took office even though he reduced our military which is one of our greatest expenses. How is this possible? Because he began increasing the size of government; most recently Obama Care which is costing us around $778 billion instead of being a wash as he promised.

Food stamps have almost doubled since Obama has been in office. We now have around 47 million people on food stamps which costs our Federal Government $70 billion dollars a year. By the way the cost of the program has gone up over 70% per person on food stamps under the Obama Administration.

Our economic growth has been stagnant. When our legislators don’t put together a balanced budget it means there’s not enough tax revenue to pay for the expenses. If we don’t get solid economic growth then we don’t increase the money that can be taxed to pay down the debt. A very vicious cycle and the bottom line is Obama didn’t do what he said he would do in growing our economy. Liberals like to blame it on Bush but the fact is Obama knew the state of our economy but still made the promises he did. Did he lie to get elected? Wouldn’t be the first time a politician has lied.
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The amount of people who are out of work has skyrocketed to approximately 93 million people. This is where percentages lie because the unemployment rate doesn’t capture the actual amount of people who are out of work just those who are still qualified to file claims.
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The bottom line is our economy has tanked under Obama and let’s face it his foreign policies have been even worse. There’s no doubt in my mind that when historians step back and review his impact they’ll have a terrible story to tell one that is even worse than under President Carter. That is unless they don’t allow the fact that Obama is black to scare them into not telling the truth; sad to say, but it wouldn’t shock me.

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    Author: John Mann

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