Saturday, October 19, 2013

President Obama and the economy

I hinted in analysis of the government shutdown how I judge policies at the most basic level.  That is by asking yourself if your life changed because of it?  That is why I don't get too upset when a Democrat wins the presidency because it normally doesn't affect that question.  With Obama, however, I have seen a change in every day life.

Earlier this year, my paycheck went down because taxes had increased.  A couple years ago my employer decided that it was too big a hit for them to take the increase in healthcare caused by ObamaCare so we( me and my co-workers) would have to contribute more toward healthcare.  We even changed healthcare coverage giving us less healthcare for a higher price per employee.  This means that when Obama said the middle class would not be affected, and only the richest 1% would be, he was wrong.  Some would blame my employer but he couldn't do anything about the increase in taxes. The middle class is getting severely affected  by Obama's policies.

Some talk to the stock market hitting record highs as proof Obama is doing good by the economy.  But, Obama is asking for a debt increase now.  When Bush did this toward the end of his second term, Obama said, "Whenever a president asks for a debt increase, it's an indication of bad leadership."  Well, apparently Senator Barak Obama  has just called out President Obama.  Just one more thing Barak Obama criticized about the Bush administration that he continued once he was given the power of being President just like keeping Gitmo open and that terrorists need to be killed.  Just for the record, in eight years, Bush increased the debt by 800 Billion dollars.  President Obama, in five years, has increased it 9 trillion dollars and counting.

Hopefully President Obama will learn one more thing on the job; socialism/government programs are bad for the economy and hurt the middle class.

Autographed copies of my book The World Hasn't Progressed in 5,000 years can be bought at the bottom of this page. 

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