The Obama economic record is tepid at best. Stagnant wage growth, record-high government assistance numbers (food stamp use alone has DOUBLED) and American families today have a net worth that is LESS than what it was in 2008.
Unemployment is relatively low because millions have simply left the job market – perhaps never to return. Middle Class jobs are shipped overseas, and they too, are said to never be returning.
Simply put, and pardon the expression, the Obama economic record SUCKS – and yet it is that same record Hillary Clinton is now promising more of.
Tonight during her nomination acceptance speech, Hillary Clinton yelled out to the audience how Barack Obama had created, “Twelve million new jobs!” She nodded her head as the crowed cheered, implying she was prepared to do the same if voters made her the nation’s next president.
Ronald Reagan created more than 20 million new jobs during his tenure – and that job creating was extended well into the next decade. (And was done with a population of 70 million fewer people than today!) And these were not low-wage service sector jobs that require a person to work TWO jobs to try and stay afloat, but rather higher-paying Middle Class jobs that were, and might once again, be the backbone of the U.S. economy. Things were going so well in fact, that in 1983 during a world economic summit, the West German Chancellor demanded the U.S. delegation tell him about the great, “American miracle” that was by then a vastly improved economy that had become the envy of the world.
NOBODY out there is asking to hear about the “Obama miracle” because it has been far more nightmare than miracle.
For example, this depressing graphic makes clear how incomes under the Barack Obama government have plummeted:
Note how Reagan oversaw a spike in income growth that benefited ALL Americans.
And also note how those incomes dropped sharply under Obama and have yet to recover. There is no more clear sign of the false claim of “Obama jobs” being a benefit to the U.S. economy. Those jobs are too often part time/low wage endeavors that only make families have to work harder and harder for less and less.
And apparently Black Lives DON’T matter to Barack Obama or Hillary Clinton, because the Obama economy has been particular bad for Black Americans: (this is a fact the Mainstream Media continues to largely ignore. DON’T LET THEM)
Compare that to how Black Americans did when Ronald Reagan was in the White House:
(the green line is Reagan, the red line is Obama)
You won’t see the above information on your Mainstream Media report, will you? Instead, we will continue to hear the shrill cries from Democrats, including both Mr. Obama and Mrs. Clinton, about how they are the ones to represent minorities in America. Well, if those minorities don’t want a job, then yes, by all means, Hillary Clinton should be your choice because she is promising to continue the same, tepid, job-killing policies of Barack Obama.
Oh, and perhaps the greatest ticking time bomb of all is this statistic, which frankly, might do something all the terrorists in the world have yet been able to do – collapse the foundation upon which the entirety of American society is built upon. For those of you who understand numbers, this fact is chilling in its not-so-long-term implications:
Total accumulated debt was at 53 percent of GDP when Reagan left office. Today it is at 102.7 percent of GDP, a level unprecedented since WW II. The debt has exploded by 66 percent in the Obama years.
Think on that. Barack Obama has created a time of deficit spending not seen since WWII.
The question that remains then, is what war has he been waging? Where has all that money gone? Certainly not to defeat ISIS, or compete with China, or stand up to Russia.
Kind of makes you wonder, don’t it?