Hitlery Clinton must have got a big laugh when she recently said that Barry “Almighty” doesn't get the credit he deserves for his economic performance. And then when she said, and quite confidently so, that the economy always performs much better when there is a Democrat in the White house, she must have had the folks rolling in aisles. Don’t you think? Oh, but wait. She wasn't joking. The crazy bitch was serious!
However, somehow, and I could be wrong, I just don’t think that many Americans agree with Hitlery's rather charitable assessment of our ongoing economic situation. We just had a report of 1.5 percent growth in the most-recent quarter. Every poll for five years shows that voters are most concerned about jobs, falling incomes and the debt. While climate change, a favorite issue of Barry’s, always ranks last or near last with voters.
Forty percent to 70 percent of Americans, depending on which poll you may choose to use, say that the U.S. is still in a recession. Little has taken place on Barry’s watch that can be judged to have been a success. We got a jobs report last Friday that was little more than another work of fiction. And while the stock market has been on a tear since Barry entered office, many experts say that it is nothing more than a house of cards.
And the thing is, the number of areas where things have now come so completely off the tracks far outnumber those few areas where we can find, by any stretch of the imagination, any sort of good economic news. And it would be difficult to argue that any of what has taken place, has occurred by accident. Since day one of his presidency there has always been a certain level of purpose in bringing about an economic collapse.
Economic growth: Has been absolutely anemic, at best. This recovery is essentially a bust. Compare the growth rate of 2 percent under Barry with nearly 4 percent under President Reagan and 3.5 percent for a normal recovery. This means we have $2 Trillion less gross domestic product today than we would if Barry's performance had been average (i.e., a C grade) and $3 Trillion behind the Reagan recovery of the 1980s (an A grade). If Barry had done as well as Reagan, we would have $24,000 higher annual output per household this year.
College and Health Costs: Skyrocketing. Barry promised to lower health costs by $2,500 per family. Oops. This year we have learned that many states are reporting insurance premium increases of 10 percent, 20 percent and even 30 percent. Over the past decade, medical costs are up significantly.
University tuition costs are also surging despite Barry campaign pledges to make college more affordable. Compared with the 2008-2009 school year, tuition and fees at public four-year colleges in 2014-2015 increased by about 37 percent. Meanwhile, tuition and fees at four-year private nonprofit universities increased by about 26 percent, to $31,000 a year. The more money Barry throws at higher education, the more they raise their costs.
Real Unemployment: Over 10 percent. The low unemployment rate of 5 percent that Barry boasts of is nothing more than a statistical trick. The real rate of unemployment under Barry is more than twice as high. When counting underemployed part-timers and those working-age Americans who have dropped out of the labor force — mostly because they can't find a job — the rate is over 10 percent. There are now more than 90 million Americans over the age of 16 who are not working — an all-time high.
Take-Home Pay: Falling like a proverbial rock. Since Barry took office, real household income has fallen $1,748 (from January 2009 through this June). This represents a 3.1-percent decline in take-home pay. Real median weekly earnings have stagnated, too. Since the fourth quarter of 2008 through the first half of 2015, median weekly earnings have been flat.
Income Gaps: Rising. The biggest income declines during Barry’s tenure have been recorded by women, Hispanics, blacks and young workers — the very groups he promised to help. According to Sentier Research, single women saw their incomes fall by roughly 5 percent in the five years following the end of the Great Recession in 2009. Those ages 25-34 experienced an income decline of 4.4 percent. Black heads-of-households saw their income tumble by 7.7 percent, while Hispanic heads-of-households' income fell 5.6 percent. These income declines don't even include the huge hit that families took during the 2008-2009 recession.
National Debt: Up, Up and still UP some more. During Barry's tenure, the national debt has soared more than $7.5 Trillion to surpass $18 Trillion, and the new budget deal means that, by the time he leaves office, the debt will have nearly doubled. The federal debt has now hit more than $220,000 per household — which is like a second mortgage.
Taxes: Way Up. Barry “Almighty” has raised taxes on investment income, dead people, medical device manufacturers, health insurance policies, smokers and hospitals — to name a few. Further, Obamacare's "individual mandate" amounts to a massive tax hike on the middle class. The U.S. now has the highest business tax in the world, and businesses are fleeing offshore and taking jobs with them.
So if Hitlery is going to whine about how little credit the media gives Barry on the economy, then I would argue that maybe Barry should start taking some of the "credit" for the shape our economy is currently in. And he can start by taking responsibility for most of what has gone so horribly wrong. But, as we all know, taking responsibility isn’t exactly Barry’s strong suit. He’s much better at making excuses and blaming George W. Bush.
But in all honesty, it’s unlikely that Barry sees anything he has done as being wrong. But that’s only because he came into office as a man on a mission. A mission to “fundamentally transform.” And as we look back at the economic policies that have been put into place, where most us will see intentional economic sabotage, Barry sees ‘progress’. You see, he has accomplished exactly that which he intended to accomplish, and in spades!