That is a great question. His true believers will shout yes from the rooftops. Those not so enamored by the gentlemen will spray raspberries. Let us look at a few statistics and try to stay objective. As for my opinion, I will just state a few facts and figures and let you decide. I will attempt to be objective and stay with the facts. However my Libertarian bend might surface.
To begin, I will cede the point that economically we had some major issues of which the largest was the home market debacle which triggered an avalanche across the world. The blame lies with most and probably all our leaders of the last 30 years for this doozie. It was not a Bush thing truth be told as we so widely hear. As a 30 year mortgage veteran, I know of which I speak. So the house of cards collapsed and it was time to rebuild. Hope and change implied that all would be healed by various forms of government intervention. As those who study economics are aware, the free market heals it’s excesses better than any intervention can. Too bad we did not allow the markets to clear properly. We would have been the better for it.
So the promises to heal have been accompanied by the same old liberal playbook such as infrastructure spending and more teachers etc. Unfortunately the 2000 shovel ready projects VP Biden promised did not exist let alone materialize. The trillion dollar stimulus went mostly to states and favored constituents meaning it did nothing for the many and something for the few. Result is unemployment is far higher than it should or could have been. Federal spending has also rocketed by $1 trillion dollar each and every year since Obama took office.
Poverty is up. Food stamp usage is up. Oil prices have more than doubled. Job growth is anemic at best and offset by continued weekly layoffs. GDP is stagnant but moderately positive yet having dropped for three straight years. I can hear you screaming “but stocks are up”. Of course they are as the fed has pumped trillions in to the financial system and stocks are where the better returns are historically. As you most likely know, none of the above is beneficial to the lower and middle income category. The 1% however have benefited greatly. What a paradox and does this record deserve your vote?
Well we have stimulus, Obamacare, massive spending and more new regulations than any time in our history. Yet when Ronald Reagan took office he inherited a larger economic mess than Obama. He got us out of it in less than two years by allowing we the people to take control. I wish the last four years went the same way. As one who is in business I can assure you the massive regulation ie. Dodd-Frank, are devastating. Further more worrisome is that they end up harming those most in need. But capitalism has unique properties and the ingenious citizens of this nation usually find a way to work around our problems and eventually we re emerge.
To foreign policy. This Libyan problem breaks my heart. An absolute tragedy which was avoidable. The middle east is problematic and Putin is trying to take over again. I maintain foreign policy to be very suspect at this point. Israel and Iran on a powder keg. No healing.
But for me, the worst part of the President is his arrogance and apparent aloofness in dealing with dead soldiers and Ambassadors. Be true if you saw him on the John Stewart show. Even John was shocked. Truly chilling. The man seems to always have time for parties and golf. But word is he has not spoken to security advisers in months. Is he AWOL? Looks it to me. His presidency seems a four year campaign. Reports from his inner circle confirm this and many dare not speak of opposing policy ideas or incur his wrath.His prime constituents seem to be the most harmed under his policies. They love him none the less. Very well. I personally find it hard to detect any leadership skills whatsoever. Great at the blame game. Unseemly. That is my opinion and I wear no ideological blinders. It is what I see.
So now we have the sad tragedy of a 100 year storm. And he said no agency should let any rules or regulations block the clean up. If only he said that the day he took office. We might be growing at 5% and creating 500,000 jobs a month which is what we need. He obviously knows over regulation is a negative for growth as he just gave the go ahead for same today. Four years too late? We will know next Tuesday.
Article first published as <a href=’http://technorati.com/politics/article/has-obama-earned-our-votes/’>Has Obama Earned Our Votes?</a> on Technorati.