Government Deficit

The Reality Of The First Year Of The Biden Presidency: Strongest Year Of Economic Growth Since 1984!

Ronald 2 Comments

In the second year of the Joe Biden Presidency, America is facing the greatest inflation rate in 41 years, with inflation now at close to 8 percent.

This is a major issue, as the Midterm Congressional and Gubernatorial elections of 2022 are now six and a half months away.

No one wants inflation, and it should not be a political issue, but of course, it is, and Republicans will constantly harp on it.

But it has nothing to do with any President, as inflation is reality worldwide, and the unfortunate Russia-Ukraine War only makes the situation worse.

So Democrats need to emphasize that 2021 was a record breaking year, with unemployment down to 3.6 percent, down from 6.3 percent in 2020, the fastest decline ever.

The Gross Domestic Product was up about 5.7 percent, double the average since 1976!

Nearly 8 million jobs have been created, and wages have risen about 5.6 percent, and the deficit is down about $1.3 trillion, largest drop ever!

So 2021 was the strongest year for economic growth since 1984!

Alternate Universe Of The Right Wing On Barack Obama And The Economy

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The Right Wing on talk radio and Fox News Channel, and the Republican Party nationally and locally, demonize Barack Obama on every subject imaginable, including the economy.

At the same time, the following is reality:

The stock market is at its all time high, about 150 percent above what it was when Barack Obama became President six years ago.

The unemployment rate is the lowest since the beginning of the Great Recession under George W. Bush in 2008, and millions of jobs have been created, with the number of jobs lost all regained, and new additional jobs created, and starting to be better paid jobs.

The increase in the deficit on the annual budget is the lowest it has been since the Bill Clinton Administration.

Ten million more people have health care now, due to the expansion of Medicaid and the adoption of ObamaCare, and health care costs have decreased for many.

The price of gasoline is the lowest in five years.

We have seen record corporate earnings in the pasty year.

Economic Growth, at five percent in the third quarter, is the highest since 2003.

The Obama public opinion rating shot up four points last month, the highest in nearly two years.

America has a positive view of the economy for the first time since 2007, when the economic decline began, and accelerated rapidly.

Considering that the Republican Party controlled the House of Representatives for 16 of the past 20 years, and the Senate for 13 of the previous 20 years, it is clear that Barack Obama has presided over a growing economic boom, as occurred under Bill Clinton, but did not under George W. Bush!

What The Midterm Elections Will Tell Us About America And Its Future!

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We are now three days away from the Midterm Elections of 2014, and any political junkie is, by this time, worn out, and sick and disgusted at the constantly changing public opinion polls and the projections on Governorship and Senate races.

America has a choice to make, whether to move forward, and have a compassion and concern about those less fortunate, those who have been subjected to discrimination, those who simply want acceptance and respect, those who want a piece of the “American Dream”, and those who want to restore the middle class, which reached its peak in 1973, and has been in rapid decline since then.

If the Democrats lose the Senate and fail to throw out most of the seven Tea Party Governors who have been a nightmare to their states, then we have become, without any doubt, a nation moving toward the Gilded Age of the late 19th century, an American where racial minorities and immigrants were mistreated in horrible ways, women were second class citizens, and there was a monopoly of wealth and power by the elite wealthy over society, including exploitation of working people not treated with respect, and promotion of lower pay for women, exploitation of child labor, and the wholesale perpetrating of long lasting degradation of the environment.

It will also demonstrate that lack of knowledge, lack of education, lack of common sense, lack of caring about anyone other than oneself and close family and friends, leads to a reactionary society where there are no values other than greed and selfishness, and yet the victims in the long run are not just “others”, but these ignorant people who vote against their own advancement and welfare!

It is normal for a midterm election to promote some losses for the party in the White House, but to give the Republican Party massive rewards for obstruction, narrow mindedness, refusal to do what is good for the nation, and the promotion of pure hate, would be a sign of the failure of American democracy.

It would tell us that the goal is to confuse and divide the nation, while a small elite enriches itself and promotes wholesale destruction of the 20th century–including the New Deal and Great Society!

It would tell us that having provided millions with health care who never had it; has lowered the unemployment rate to the lowest since the Great Recession; has seen the stock market more than double; has eliminated Osama Bin Laden from the earth; has seen gasoline prices lower than in the past four years; has seen the deficit lowered by two thirds; has provided a Consumer Financial Protection Bureau; and has done so much to make lives better in many other ways, has failed to convince Democratic and Independent voters that it is worthwhile to fight for what they believe in, rather than just sit home and let the enemy of all this take over, all based on lies and talk radio and Fox News propaganda!

If the Democrats lose, a lot of the blame will be on Democratic office holders unwilling to defend the record they have achieved and to defend Barack Obama, and instead to allow fear and panic and anarchy and hate and prejudice take over the American psyche, and allow a party with no ideas and no ethics or morality to govern us, and take us down hill as they have done so often in the past!

Quinnipiac Poll On Worst President Since WW II Is Sign Of Total Ignorance And Stupidity!

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A new Quinnipiac poll for July 4th rates Presidents since World War II, and comes to the asinine conclusion that Barack Obama, engaged in the typical “sixth year” doldrums, is the worst President since 1945!

Really? Give all of us a break! This demonstrates total ignorance and stupidity of American history, and how quickly people forget past Presidents and the records they have in office.

How could Barack Obama be the worst President since 1945, with:

The highest stock market in history, up 150 percent.
Gaining back of all the millions of jobs lost in the Great Recession, plus more jobs created despite GOP obstructionism.
The deficit falling faster than at any time since Eisenhower.
Hunting down and killing of Osama Bin Laden.
The capture of the perpetrator of the Benghazi deaths in Libya.
The passage of the Affordable Care Act, giving more Americans health care coverage than at any time in American history.
The passage of the Consumer Protection Financial Bureau despite opposition from Wall Street, corporations and Republicans.
The appointment of Sonia Sotomayor and Elena Kagan to the Supreme Court.
The advancement of environmental protection on the road to the level of Jimmy Carter and Richard Nixon and Theodore Roosevelt.
The promotion of the interests of the middle class against the Republican aim to destroy the middle class by lack of action.

Of course, any person could make a list of programs and policies of Barack Obama which have not worked out to their or our satisfaction, including this author.

But come on, compare Obama to George W. Bush:

Two wars in Iraq and Afghanistan, both causing trillions of dollars in the national debt, and not accomplishing their goals, and the war in Iraq totally unnecessary, a war of choice.
The poor handling of Hurricane Katrina in New Orleans, and Mississippi and Alabama.
The failed Social Security privatization plan, which would have destroyed the program in 2008.
The Great Recession of 2007-2009, worst since the Great Depression under Herbert Hoover.

And if we are to rate the worst Presidents, how about Richard Nixon and Ronald Reagan, who both did so much harm in office, even while admitting certain positives for both?

And to rate Mitt Romney a better choice, 45 percent, to be President now, after the failed campaign of 2012–face the facts, the American people made the right choice in rejecting Romney, arguably the worst candidate of the Republican Party since Barry Goldwater in 1964. This was a man who lied, lied, lied, constantly, more than any Presidential nominee in American history!

The fact that the poll participants showed no real knowledge of American history is troubling, as to come to such a ridiculous conclusion demonstrates total lack of understanding of what has gone on in this nation in recent years! All they react to is charisma, so that Reagan, John F. Kennedy, and Bill Clinton rank the highest, simply based on image!

What do these involved in the poll know about Harry Truman, Dwight D. Eisenhower, Lyndon B. Johnson, Gerald Ford, Jimmy Carter, and George H. W. Bush, as well as the Presidents that are rated high, and those rated low in the poll? Clearly, NOTHING!