http://www.businessinsider.com/20-ways-the-economy-has-gotten-worse-under-obama-2011-6By almost any measure that you can think of, the U.S. economy has gotten worse since Barack Obama became president. Unemployment is higher, the cost of food and gas are skyrocketing, the number of Americans living in poverty has spiked dramatically, the housing market is in nightmarish shape and our national debt has absolutely exploded.
Meanwhile, Barack Obama continues to prance around the country declaring that "we can live out the American dream again" and that what we are experiencing right now are simply "bumps on the road to recovery". But such mindless platitudes are of little comfort to the millions of American families that are slowly descending into poverty or the tens of millions of American families that are already there. If this is the "change" that Barack Obama was promising then he can just keep the change.
Barack Obama is proving to be one of the worst presidents in all of U.S. history. Perhaps when it is all said and done he will be recognized as the absolute worst. Not that George W. Bush was much different. In fact, the Republican Party will not regain much credibility with the American people until it admits that George W. Bush was an absolutely horrible president.
Sadly, the truth is that we have not had a decent president in decades. This statement is going to upset almost everyone that is still trapped inside the false left/right political paradigm in this country, but I am not here to pander to the political establishment.
Barack Obama is a horrific president.
So was George W. Bush.
That is the truth.
Not that it is our presidents that actually run our economy. As far as the economy is concerned, the U.S. Congress deserves as much (or more) of the blame as the executive branch does.
However, if you really want to point fingers at someone, then you should place the most blame on the Federal Reserve. As I have written about previously, the Federal Reserve has more power over our economy that any other single institution....
So exactly what is the Federal Reserve? Most people would say that it is an agency of the federal government. But that is absolutely not true. In fact, the Federal Reserve itself has argued in court that it is not an agency of the federal government. Rather, the Federal Reserve is a privately-owned banking cartel that has been given a perpetual monopoly over our monetary system by the U.S. Congress. This privately-owned central bank has been destroying the value of the U.S. dollar for decades, it has run our economy into the ground and it has driven the U.S. government to the brink of bankruptcy. The Federal Reserve operates in great secrecy, it has never been subjected to a comprehensive audit and it is not accountable to the American people. Yet the decisions that the Federal Reserve makes have a dramatic impact on the lives of every single American citizen.
But the mainstream media rarely points fingers at the Fed, and the truth is that when election 2012 arrives, the American people are going to judge Barack Obama primarily on how the U.S. economy is performing.
By just about any measure you can name, the U.S. economy has gotten much worse since Barack Obama became president. Of course it is glaringly obvious by now that Barack Obama is completely clueless when it comes to economics. In fact, Obama surrounded himself with economic advisers such as Larry Summers who actually were highly instrumental in getting us into this mess.
So should Barack Obama be held accountable for this economic disaster?
Yes.
But so should Bush, Clinton, Bush Sr., the entire U.S. Congress and the Federal Reserve.
The economic decline we are experiencing now has taken decades to build, and what we are experiencing now is simply an acceleration of the long-term economic trends that are destroying this country.
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Topic: 20 Ways The Economy Has Gotten Worse Since Barack Obama Became President (Read 489 times)