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Keep The Change: 20 Ways That The U.S. Economy Has Gotten Worse Since Barack Obama Became President

By 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.

The following are 20 ways that the U.S. economy has gotten even worse since Barack Obama became president….

#1 In January 2009, the official U.S. unemployment rate was 7.6 percent.  Today it is 9.1 percent.

#2 When Barack Obama took office, the number of “long-term unemployed” in the United States was approximately 2.6 million.  Today, that number is up to 6.2 million.

#3 When Barack Obama first became president, the average price of a gallon of gasoline in the United States was $1.83.  Today it is $3.79.  This also affects the price of almost everything else that we buy.

#4 In April 2009, the average U.S. household spent approximately $201 on gasoline.  In April 2011, the average U.S. household spent approximately $369 on gasoline.

#5 According to an article in the Daily Mail, the cost of a Memorial Day cookout was 29 percent higher this year than it was last year.

#6 When Barack Obama was sworn in, there were nearly 32 million Americans on food stamps.  Today, there are more than 44 million on food stamps.

#7 According to the U.S. Census, the number of children living in poverty has gone up by about 2 million in just the past 2 years.

#8 When Barack Obama took office, the U.S. national debt was 10.6 trillion dollars.  Today it is 14.3 trillion dollars.

#9 The federal government has borrowed 29,660 more dollars per household since Barack Obama signed the economic stimulus law two years ago.

#10 During Barack Obama’s first two years in office, the U.S. government added more to the U.S. national debt than the first 100 U.S. Congresses combined.

#11 The combined debt of the major GSEs (Fannie Mae, Freddie Mac and Sallie Mae) has increased from 3.2 trillion in 2008 to 6.4 trillion in 2011.  Thanks to George W. Bush, Barack Obama and the U.S. Congress, U.S. taxpayers are standing behind that debt.

#12 Under Obama, the U.S. trade deficit continues to grow.  The trade deficit was about 33 percent larger in 2010 than it was in 2009, and the 2011 trade deficit is expected to be even bigger.

#13 Only 66.8% of American men had a job last year.  That was the lowest level that has ever been recorded in all of U.S. history.

#14 Just since August, 2 million more Americans have left the labor force.

#15 In 2010, more than a million U.S. families lost their homes to foreclosure for the first time ever, and that number is expected to go even higher in 2011.

#16 The U.S. real estate crisis just continues to get worse.  During the first three months of this year, less new homes were sold in the U.S. than in any three month period ever recorded.

#17 The U.S. dollar has fallen by 17 percent compared to other major national currencies since 2009.

#18 Faith in the U.S. dollar and in U.S. Treasuries is rapidly declining.  The mainstream news is not reporting on it much, but right now the Chinese are rapidly dumping U.S. government debt.  That is not a good sign.

#19 When Barack Obama first took office, an ounce of gold was going for about $850.  Today an ounce of gold costs about $1500.

#20 Americans seem to be more pessimistic about the economy than ever.  According to a brand new poll, 61 percent of Americans believe that they will not return to their “pre-recession” lifestyles until at least 2014.

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  • john

    Impeach the son of a bitch .

  • http://www.planorperish.com Gutter Economist

    The White House is the most expensive training school in the world.

    What were Americans thinking when they elected someone with no management training or experience?

    All terrorists in Gitmo should be sent home. Most current and retired politicians should be sent to Gitmo and prosecuted for economic terrorism.

    • Nick

      To be honest he was elected for all the wrong reasons. Lots of Americans fell for the “change” speeches and I gotta say the man received a large amount of support solely for being black. Race should never be a determination for office…most Americans are not smart enough to follow the big issues and make educated decisions about elected officials

      • Gene

        And yet, so very sadly, even with his abysmal track record to date, he will still get over 90% of the black vote and most all of the latino, entitlement recipients and union voters. I do so miss Harry Truman, this country’s last great POTUS.

    • john spence

      Agree

  • Gary

    21. Taxes on the rich are still too low. Obama extended the Bush tax cuts for 2 years. He should have doubled them and not wait until 2012 to do this.

    New Gallup poll: By 57-35 margin, Americans feel wealth in the USA “should be more evenly distributed.”

    TAX THE RICH SPREAD THE WEALTH!!!!

    • Jonas

      For all of the people who claim that they Rich don’t pay enough for how much they make, need to take a look at the facts.

      According to the IRS, in 2008 the top 1% earned 19% of the total AGI (adjusted gross income) in the US, but they paid 37% of the total income taxes paid.

      The top 5% earned 34.7% of the income, but paid 58.7% of total income taxes paid.

      And the ultra rich, the top .1% of people earned 10% of all income, but paid 18.5% of all taxes.

      The bottom 50% earned 12.75% of all income, but paid 2.7% of taxes

  • Gary

    For the record-I and no one I know gives 2 shits about any deficit/debt. This goes for right and left wing. It never comes up. You know why??? Everyone knows all we need to do is tax the shit put of the rich and corporations and we can pay off any debt and then some.

    TAX CUTS FOR THE RICH=FAIL!!!

    http://www.ctj.org/bushtaxcuts10yrs.php

    • Bob

      I agree with taxing the rich back at Clintons level. But on corporations your wrong. They don’t pay taxes, they collect them from you and me. If you made and sold lamp shades for $4.00 and a new $1.00 tax per lamp shade was added, what would YOUR new price be for lamp shades? Now nobody will pay that much? Guess who gets the assets of the closed company and guess who goes home without any job or income?

    • john

      would explain why it never comes up to you or friends. You have no idea about it. It’s already been shown that taxing corps and businesses at 100% wouldn’t pay off the debt. America already has one of the highest business taxes in the world. “spread the wealth” the mythical dream of the liberal. Do less work, get more stuff off of someone else’s hard work. you wouldn’t need someone elses money Bob if you were educated and got a good job because your own hard work. Sad excuse for a man.

  • Guido

    This problem has been brewing for at least 100 years. If you start to look for a source, it’s easy to blame it on the party you don’t vote for and the presidents you hate, but it goes farther back. Eisenhower warned us about the military industrial complex. Prominent families profited immensely from supporting the Nazis before and during WWII. USMC Gen. Smedley Butler lectured all over America that War is a Racket and he had spent his entire career as a thug for American money interests. Wilson established a dictatorship in the US during WWI. I would have stopped at the 1913 with the planning of the Fed, but then I went back farther to the interventions and gunboat diplomacy we exercised in South America. And then, of course, there’s the Imperial ambitions of the SpanAm war. I suppose you could even go all the way back to Lincoln’s tyrannical rule during the War of Northern Aggression.

    You might even trace it to the struggle in the early 1800s over whether to have a central bank and Jefferson’s struggle to constrain the bankers, but that’s going a little too far into the weeds. Who wants to consider the possibility the fruit was rotten from nearly the moment the flower was pollinated?

  • Guido

    I have to take issue with you on your employment #s. Everyone knows, or at least they used to know, that the fedgov manipulates all the #s they release. During the census, they even tried to load the #s by counting lots of temp workers at the census dept as regular workers. I read an account by a census worker who was repeatedly fired so she could be re-hired, bulking up the #s. Other employees were counted merely for showing up to the initial hiring training, even if they quit.

    The employment #s were loaded BEFORE the crisis. In 2003, the LA Times decided to crunch the #s. They merely added up the underemployed, unemployed, and the no-longer-looking. They came up with %12 in what were relatively successful times. I can only imagine what the real #s are now.

    Speaking of manipulated #s, I once found a blog for a guy who was really interesting. Hr claimed his father had been a former comptroller for NJ. Having grown up around the state capitol, this guy was in college and working on an economics paper, so he decided to call up the capitol and ask for the state’s current budget.

    Apparently, this kid knew the right lingo, or something, because he claimed he got the REAL budget for NJ, not the official budget. What he received were the real books illustrating how NJ really spends tax payer money. He described some of the different scams and corrupt activities of the state government without going too much into detail. It sounded pretty bad. Then he theorized NJ couldn’t possibly be the only corrupt state in the union and he wondered just what the fedgov’s real budget looked like. It was a very interesting article and I only wish I had the link…

  • Ben Dover

    The poor should pay their fair share (Or Gary should pay it for them).

    • Gary

      poor and rich do pay about the same-look at all the taxes and not just income.

  • mondobeyondo

    The White House is the wrong place to get on-the-job training.

    Should’ve been at least a governor first (George W. Bush.. Bill Clinton.. Ronald Reagan) – or a war general (Dwight D. Eisenhower, Ulysses Grant, etc).

    Being President of the U.S. is too important a job to give to an inexperienced rookie. Granted, Obama is a great public speaker. But speeches do not fix a struggling economy. Britain and Europe love him. Guess what? He’s not President of Britain or any European country. What is Obama’s resume? Community organizer? Yikes!

    Not to toot John McCain’s horn, but at least he was a POW in Vietnam…

  • VegasBob

    Michael, I posted the following commentary on Barack Obama on another site in May 2011. It explains why I think Barack Obama will lose in 2012.

    I enthusiastically voted for Obama in 2008. Yet Obama started to betray his constituency on January 20, 2009 – the very day he took office.

    Appointing people like Tim Geithner and Larry Summers to high positions of authority in finance and economics immediately proved to me that Obama did not grasp the severity of America’s economic programs. Geithner could not compute his taxes correctly using a popular software program, while Summers had managed to erase half the endowment of Harvard University during his tenure as Harvard’s President.

    The stimulus package was designed primarily to prop up state and local governments. It did nothing for the broader middle class unemployment problem. Now that the stimulus funds are spent, state and local governments are laying off tens of thousands whose ‘jobs’ were temporarily saved.

    Silly giveaway programs like “cash for clunkers” and “housing tax credits” did nothing to ease the widespread middle class unemployment problem either.

    The final straw for me was the reappointment of Ben ‘Bernokio’ Bernanke. Bernanke is a pathological liar who has failed miserably to foresee any of America’s economic problems, and his policies have been designed to prop up insolvent banks at the expense of everyday working people. If you have a CD at a bank, buy food at a grocery store or gas at a gas station, you know exactly what I mean.

    We got a health care bill written for the benefit of private insurance companies and Big Pharma. That bill will not ‘reform’ health care. It will simply transfer trillion$ more from the pockets of the formerly middle class to the coffers of corrupt mega-corporations.

    In other areas of public policy, Obama has failed to close Gitmo, failed to get the US out of Iraq, expanded the conflict in Afghanistan, and expanded the police state powers of the TSA, instead of simply repealing the Patriot Act. While Obama managed to eliminate Osama bin Laden and send him to sleep with the fishes, this act is mostly symbolic, as is the repeal of ‘don’t ask, don’t tell.’

    All in all, President Obama is nothing more than a clone of his predecessor, and is basically serving George Bush’s third term.

    Having said all that, I think the Republicans are far worse. Just look at the piecemeal attacks on women’s rights taking place in states all over the country, and the wholesale erasure of constitutional protections supposedly enshrined in the Bill of Rights, aided and abetted by conservative judges all over the country.

    Every day, the electronic police state grows ever bigger and more powerful and it now has the support of both major political parties.

    I will not vote to re-elect Obama under any foreseeable circumstances. If a Republican wins in 2012, I’ll stay in the US for a while to see what changes. Hopefully I won’t wait too long before I make my final exit from the US – a lot of people in Germany waited too long in 1938 and 1939, and by the time they tried to leave, it was too late for them. I hope it won’t be too late for me.

    • Admin

      VegasBob:

      I think you have expressed the frustrations of a lot of Americans. Very well done.

      Michael

      • VegasBob

        Thank you for your kind words, Michael. I’ve inferred from your writings that you are probably far more conservative than I. Yet you freely admit the shortcomings of the Republican Party as I try to freely admit the shortcomings of the Democratic Party.

        Your writings have impressed me because you are almost always fair, intellectually honest, and open-minded.

        Many people with unyielding viewpoints might be surprised to know that most people, Democrat or Republican, have far more values that are areas of agreement rather than disagreement.

  • ConcernedCitizen

    Very interesting article! We are in big trouble. It will take a Divine Miracle to save us.

  • Colin

    President Obama isn’t the worst president we have had in our country’s history. There were worse. However, I feel that he isn’t the man for the job, and I won’t be voting for him in 2012.

    As an unemployed American, I sick and tired of hearing that these setbacks are temporary and that the fundamentals of the economy are sound. They are not sound, and these setbacks are not temporary.

    Guido, a word of warning. Be very careful about talking about the Civil War. Our nation has never healed from this war, and discussions about it can become very ugly right quick.

    Well, today has been a day of surprises. For the past two years, my mother used her retirement savings to pay for living expenses. She didn’t file for taxes in 2009 and 2010. During those years, she was in a deep depression and wasn’t on top of things. Anyway, she filed for those years this year. She finds that she owss to both the fed and the state a combined total of $50,000. Well, today, our family received a certified letter from the IRS two months after she filed stating the IRS is going after her property. WTF? The IRS drags its feet when it comes to the wealthy, but when a poor person is behind, man do they come in for the kill. F….in bastards.

    • Gary

      colin-there are 2 sets of rules, 1 for the rich and 1 for the rest of us-the other 98%.

      The IRS is basically lazy and takes the path of least resistance which means going after the poor who do not give campaign contributions or have the means to hire fancy lawyers etc.

      Now if wealth and income was more evenly spread around this would not be an issue.

    • guido

      Colin, I’m not trying to re-fight the war between the states, but if you look up the definition of civil war, a war between citizens of the same nation, what I referenced as the War of Northern Aggression was not a civil war as it took place between 2 sovereign` nations. I was curious to see what would come of that little point.

      I also wanted to make people think-Lincoln did some nasty things. If you look at Lincoln’s actions, he really did some evil things, like locking up thousands of people who disagreed with him without due process of law. His decisions were blatantly political, not based on he belief in equality. He was not the kind and friendly man he has been portrayed as by the winners. His tendency to tell off-color and racist jokes is one thing not commonly reported. His lack of regard for the slaves as anything but political pawns, as represented in his letter to Horace Greely, stating he didn’t care if the slaves were free or slave as long as the union was maintained, is also frequently left out of the history books.

      I wasn’t re-fighting the war or its causes, merely looking for the roots of our current problems. Lincoln may be one of the roots, since he placed the Constitution below the Union it governed. If you poke into the history of the conflict, it seems to be a case of economic interests driving the government to act, much as they did in the many interventions in South American during the late 1800s-early 1900s and throughout the 20th century. I’ve read the North was initially OK with the South seceding until they realized the economic implications of its departure.

      Ever heard the connection between Saddam’s adoption of the Euro for oil sales and Bush’s declaration of war in 2003? I won’t state that’s why, but it is fascinating. There was an interesting and amusing rumor years ago that we went into Grenada because the majority of the world’s nutmeg came from there. WWI USMC Gen Smedley Butler stated War is a Racket and announced to 1930s Americans he had spent his career as hired muscle for US business interests all over South America. I might be wrong, but it’s interesting to consider.

  • WM

    Colin, I am very sad to hear about your Moms situation. It does suck indeed. The IRS can do whatever they want. I was audited once,( everything eneded up ok, I did no wrong), but I felt like a criminal who was being interrogated. What will happen if she cannot pay the $50,000???? Will they put her in jail? Please keep us posted as to how this turns out, to inform everyone how little control we have.

  • bert

    if the powers that be want this fool re-elected he will be re-elected and if not, do you really think catcher’s mitt romney, or salamander gingrich, or the transvestite, or hucksterbee, or plenty, or huntsman (another cult member) are going to do the right thing to save this country???? folks you need to wake up and consider the distinct possibility this guy will be in for another 4 years as if it really mattered who becomes president save for the one and only dr. ron paul!

  • http://www.pathtoasia.com rhea

    Obama is a bag of hot rhetoric. My one hope is that the general population polls in favor of more freedom and that he lets polls shape his policy as much as Clinton did. Things are worse than they appear. US debt continued to rise in “good” times, but now, somehow, facing an epic economic slowdown, anything congress/Obama/FED does will only make things worse in the long term.

    We help Americans find jobs and prosperity in Asia. Visit http://www.pathtoasia.com/jobs/ for details.

  • Jonathan

    As an MPH student I was asked to evaluate the organizational efficiency of the US healthcare system. Unfortunately THAT story has its own similar shocking facts but it led me on a journey of discovery about how our government is really managed that has been ongoing over the past 2 years. There is no doubt that our current economic problems have been instigated by the Federal Reserve Bank at the behest of its shareholders who do their utmost to remain out of the public eye. Occasionally they utter an off the cuff remark such as:

    “Give me control of a nation’s money and I care not who makes it’s laws”
    -Mayer Amschel Bauer Rothschild

    “When you or I write a check there must be sufficient funds in our account to cover the check, but when the Federal Reserve writes a check there is no bank deposit on which that check is drawn. When the Federal Reserve writes a check, it is creating money.”
    -Putting it simply, Boston Federal Reserve Bank

    “The regional Federal Reserve banks are not government agencies. …but are independent, privately owned and locally controlled corporations.”
    -Lewis vs. United States, 680 F. 2d 1239 9th Circuit 1982

    In the end, unless We The People stand up to these corrupt individuals our way of life is sure to change and not for the better.

    It is noteworthy that Andrew Jackson was the last President to take on the Fed and actually survive several assassination attempts. JFK was not as fortunate. Nearly 50 years ago on June 4, 1963, President Kennedy signed Executive Order No. 11110 that returned the power to issue currency to the U.S. government without the Fed’s authority. This executive order gave the Treasury the power “to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury.”

    Simply put this meant that for every ounce of silver in the U.S. Treasury’s vault, the government could introduce new money into circulation. In total, nearly $4.3 billion in U.S. notes were put into circulation.

    This act of courage was probably the first step toward putting the Federal Reserve Bank of New York out of business. Imagine had JFK lived and enough silver certificates were to be put into circulation they would have eliminated the demand for Federal Reserve notes. This is because the silver certificates are backed by silver whereas the Federal Reserve notes are mere paper.

    It is likely that Executive Order 11110 could have prevented the national debt from reaching its current level because it would have given our government the ability to repay its debt by creating its own money backed by silver thereby eliminating the process of going to the Federal Reserve and being charged interest in order to create the new money.

    Sadly five months after Mr. Kennedy was assassinated, no additional silver certificates were issued. What is perhaps even more astonishing is that this Executive Order was not repealed by any U.S. President through an Executive Order and is therefore still valid.

    We can ask ourselves why no President has taken advantage of this opportunity but the answer is obvious – it would probably have cost him his life.

    To move forward toward a better tomorrow We need to take up the chant to end the Fed.

  • Rob

    Unless a course correction is made the Obamanation ship of change is going to capsize. The FairTax http://www.fairtax.org will for all intents in purposes deep six the tax code, send the IRS packing, and allow every citizen to pay their appropriate share to clean up this mess.
    No more national paranoia about… am I going to get The Call. No more resenting the rich because they can afford to pay for tax avoidance. International companies will beating our door down to bring their jobs here. Anyone who want a job will have a job and will keep 100% of their check with no deductions. Call your congressman/woman, or representative and tell them to co sponsor the H.R. 25 or Senate Bill 13. Give the power to send back to the people that earn it!!!!

  • A Dodgy Bloke

    I’m curious VegasBob where are you going to go? Latin America, is voting in socialist governments left and right. Europe is a slow moving train wreck, Asia will be no long-term panacea, and I suppose Canada is a possibility, Africa, the Middle East? What’s happening in America is happening in various stages around the world. The whole system is too interconnected for a major failure in one part for the whole to be unscathed.
    I understand the need to have your family and your self feel safe but if anybody out there thinks this is going to be confined just to the USA your dreaming. Below is an article from Der Spiegel online young people all over Western Europe are seeking answers. If you read the article most of the same things that are motivating these young people are motivating the Tea Party. Everybody is heading in the same direction just some places are going to get there first, but everybody will get there. Where there is I don’t know but it will look much different then today.

    http://www.spiegel.de/international/europe/0,1518,767032,00.html

    • Guido

      My thought is you could try to find semi-failed states that are partially-stable. Kosovo and Albania come to mind, at least as they were a few years ago. I’m not sure if they’ve improved to any degree, but my buddies who patrolled there told me their economy runs, essentially, on smuggling and crime. If you can get plugged into a place like that, I believe the rest of the world would tend to leave you alone.

      Kurdistan seems like another idea. Kurds, who make up the ethnic majority there, keep the peace and insure the Iraqis can’t make much trouble for them. The difference between terror-stricken Iraq and Kurdistan is so vast, they ran their own commercials on CNN a few years back calling themselves “the other Iraq.”

      I’m sure you can find other remote locations where the law is something of a distant threat. How about moving to Pitcairn Island? As I understand it, the locals are sort of desperate for a little new blood. Regardless of what happens in the world, I believe there are going to be a few free areas left out, such as Switzerland or the Caymans, where the power elite can hide their money and chase their wildest fantasies.

  • Wodat

    To those who think we can tax our way out……….you’re sorely mistaken. We have too many liabilities. Add them all up and they are between 100 trillion and 150 trillion, the US GDP is less than 15 Trillion. If you confiscate the all the wealth it still takes 100 years to meet all our obligations. Taxing the Rich; or anyone for that matter won’t fix the problem. The Baby Boomers are just now reaching 65, the only way out is a RESET aka DEFAULT.

  • Chris

    I thought this article was great, and totally gets the point home about the fake left/right politics. At the end of the day the banks, war companies, and all the rest of the multinational corporations support both republicans and democrats. Is it any wonder why both bush and obama both went along with the bank bailout? Bush and obama are both war mongerers. They both did nothing for the middle class, and helped the same corporations.

    I liked the comments from guido, didn’t know that about lincoln. Thanks also to Jonathon, I had heard about JFK and the Fed but never really knew what JFK had done. Colin, sorry to hear about your mom’s tax situation, if it isn’t too personal, could you clarify why she has to pay $50K? I didn’t quite understand that.

    I personally think the problem in the US government is that corporations donate money to politicians and lobby them. This is equivalent to bribing and then harrassing them. This should not be allowed to happen at all. It’s obvious that the corporations want to government to make laws and bailouts in their favor! The entire system is messed up because of a clear conflict of interest. So that is why it doesn’t matter wether a democrat or republican is in power, because they are both in bed with the same multinational corporations.

  • Irishjuanita
  • Robert

    I’m making a documentary film and want to interview average Americans who hold educated opinions about the nation’s political and cultural future.

  • Afi K. James

    Gary
    June 6th, 2011 at 3:39 am · Reply
    For the record-I and no one I know gives 2 shits about any deficit/debt. This goes for right and left wing. It never comes up. You know why??? Everyone knows all we need to do is tax the shit put of the rich and corporations and we can pay off any debt and then some.

    TAX CUTS FOR THE RICH=FAIL!!!

    http://www.ctj.org/bushtaxcuts10yrs.php

    Who cares about tax cuts, END THE INCOME TAX!

  • Greg C

    Wow what short memories. If anyone still remembers why Obama was elected over the republicans its because McCain kept saying the economy was strong, no problems, and we need to deregulate. How stupid was that? What are the republicans saying now that we have a democrat as president. The economy sucks we need to deregulate more. And dont forget the one and only solution to all economic problems is cutting taxes on the rich. The same Bush tax cuts that were here before, during, and probably after the recession. What bullshit, hasnt worked, never will work, just a payoff to their base. And of course the deficit. Wasnt it Dick Cheney who said “deficits don’t matter” They sure dont when you have a republican president pumping up the pentagons budget. Obama cant solve America’s problems in one term maybe not even in two terms but republicans are proposing doing nothing but what Bush was doing and they think americans are stupid enough to take that path again. My vote is still with Obama, not the best or worst ever but FAR better than what the republicans are offering.

  • YourMommaHadMoreCents

    What a disingenous article!

    You intimate in your headline that Barack Obama is the cause, but you “bury the lead” twelve+ paragraphs from the top where you acknowledge that we are finally being forced to reap what has taken decades to sow!

    Next, you talk about “20 ways”, yet a number of individual items are actually related:

    1 and 2 are about unemployment.
    3 and 4 are about high fuel prices.
    6 and 7 are about low-income families and poverty.
    8, 9, and 10 are about long-term debt.
    13 and 14 are about unemployment.
    15 and 16 are about the housing crisis.
    17, 18, and 19 are about the global instability of the dollar.

    Next, you are content to do your chicken-little dance without diving into any of the details:

    In #8, you talk about how the debt increased during Obama’s term, but you neglect to discuss what percentage of the 14.3 trillion is a result of Obama finally recognizing the debt incurred in the Iraq and Afghanistan wars that Bush purposely chose to exclude from the debt total.

    In #15, you talk about the large number of families who lost their homes to foreclosure in 2010 without commenting on what percentage should have never been offered an opportunity to even purchase a home in the first place!

    In #11 and #16, you discuss the housing crisis without once mentioning the Wall Street greed that spawned the CDO and the sub-prime mortgage fiasco.

    There is such an abundance of facts documenting the incompetence and malfeasance present in government and big business … you do your readers an injustice when you cherry-pick your sky-is-falling factoids to align with your own deep-seated biases.

    You have totally lost what little credibility you had left, and now you need to be relegated to that scrap heap of the blogosphere with the rest of the charlatans!

  • anonymous

    i agree with taxing the rich more and spreading the wealth but they throw in words like “socialism” to scare people off, what a farce.

    close off-shore loopholes

    get rid of corporate lobbyists

    eliminate conflict of interests when it comes to our politicians and their investment/involvement in companies, as it affects their decision. As that any dcision made would not be for our benefit

    get rid of centralized banking

    the banking bail out is what got us in debt in the first place and we’ve been trying to play catch up ever since.

    during the Bush Administration, the “war on terror” was an excuse to steal/waste millions of tax payer money and a smoke screen to what was really happening in the white house

    Barack Obama inherited most of his issues and most of the issues created today were the consequences of the previous administration as it played itself out.

  • anonymous

    additionally, we should not give tax breaks to companies outsourcing jobs. we should give tax breaks and reward companies keeping jobs here in The States.

  • anonymous

    who’s the author of this article? when was this article posted? i’d like to see your credentials, admin.

  • http://hemp.to/ hemp

    Some of these discrediting campaigns ended up at the court with 3 cases handled at the Supreme Court Of The United States….Obamas election team has released a photocopy of Obamas birth certificate in short form which states that Barack Obama was born in Honolulu Hawaii on August 4 1961. The usual argument of Obamas opponents was that the certificate is not valid since its titled Certification Of Live Birth. However Hawaiian officials have repeatedly confirmed that Honolulu does not issue short or long form of birth certificates and that they have Obamas original birth certificate on record.

  • http://www.youtube.com/watch?v=x-CrNlilZho Ben Dover (America)

    Don’t open a ‘Facebook’ account, people. Are you COMPLETE morons?

  • Allen Osuno

    All those who still defend Obama, should be renamed “Alibi Ike” because of their continual excuses for his betrayals and constant sellouts and failures. He’s had enough time to prove himself if he were genuine. You can tell the GOP wants him back for another 4 years because they want 4 more years of failure and 4 more years of getting their own way on everything. In fact Obama offers them more even than they asked for in terms of stabbing the poor in the back. He smiles to your face, then stabs you in the back and the Obamabots are still swallowing his lies, hook, line and sinker. The slogan used to be, “I like Ike”. Obamabots’ slogan is “I like Alibi Ike”. The GOP, even after losing in 2008 and only controlling the House in 2010, rules this country. And the reason they do is a GOP-owned Mainstream Media and a GOP-enabling “Democratic” President and a Senate full of “DINOS”. Any questions?

  • Tyrone

    DEMOCRAT PRESIDENT OBAMA NUMBER ONE ON KILLING TERRORIST THAT HATE AMERICANS
    Muammar Qaddafi is dead during nearly 42 years in power in Libya, Muammar Qaddafi was one of the world’s most eccentric dictators, so mercurial that he was both condemned and courted by the West, while he brutally warped his country with his idiosyncratic vision of autocratic rule until he was finally toppled by his own people. Although Muammar had did horrible things against the United State Republican Donald Trump and Republican John McCain both did business with the dictator. The list of senior terrorists killed during the Obama presidency is fairly extensive. There’s Osama bin Laden, of course, killed in May. Al Qaeda in the Arabian Peninsula (AQAP) leader Anwar al-Awlaki as of today .Earlier this month officials confirmed that al Qaeda’s chief of Pakistan operations, Abu Hafs al-Shahri, was killed in Waziristan, Pakistan.
    In August, ‘Atiyah ‘Abd al-Rahman, the deputy leader of al Qaeda was killed. In June, one of the group’s most dangerous commanders, Ilyas Kashmiri, was killed in Pakistan. In Yemen that same month, AQAP senior operatives Ammar al-Wa’ili, Abu Ali al-Harithi, and Ali Saleh Farhan were killed. In Somalia, Al-Qa’ida in East Africa (AQEA) senior leader Harun Fazul was killed. Administration officials also herald the recent U.S./Pakistani joint arrest of Younis al-Mauritani in Quetta.
    Going back to August 2009, Tehrik e-Taliban Pakistan leader Baitullah Mahsud was killed in Pakistan.In September of that month, Jemayah Islamiya operational planner Noordin Muhammad Top was killed in Indonesia, and AQEA planner Saleh Ali Saleh Nabhan was killed in Somalia. Then in December 2009 in Pakistan, al Qaeda operational commanders Saleh al-Somali and ‘Abdallah Sa’id were killed.
    In February 2010, in Pakistan, Taliban deputy and military commander Abdul Ghani Beradar was captured; Haqqani network commander Muhammad Haqqani was killed; and Lashkar-e Jhangvi leader Qari Zafar was killed. In March 2010, al Qaeda operative Hussein al-Yemeni was killed in Pakistan, while senior Jemayah Islamiya operative Dulmatin – accused of being the mastermind behind the 2002 Bali bombings – was killed during a raid in Indonesia.
    In April 2010, al Qaeda in Iraq leaders Abu Ayyub al-Masri and Abu Omar al-Baghdadi were killed. In May, al Qaeda’s number three commander, Sheik Saeed al-Masri was killed. In June 2010 in Pakistan, al Qaeda commander Hamza al-Jawfi was killed. Remember when Rudy Giuliani warned that electing Barack Obama would mean that the U.S. played defense, not offense, against the terrorists?
    Bottom line Republican politician that shouted that President Obama was weak and lack leadership! WRONG!!! Foreign policy under President Obama leadership should be praise by every American! But when President Obama first stated he wanted to join the United Nation effords to bring down Muammar Qaddafi. Many Republicans were against President Obama and came out and criticize his decision……THEY WERE WRONG!!!

  • Tyrone

    I DON’T APOLOGIZE FOR NOTHING I POST

    I support the President of the United State and my country! I don’t apologize for doing so. I have opinion and I do not apologize for my opinion. I’m black and I did not vote for President Obama because he was black! I first voted Democrat because I am Democrat and Senator Obama was the best for the job!!! I post my opinion and I also state facts. I repeat over and over that former Republican President G. W. Bush is responsible for the horrible condition of today! I blame the midterm election for stopping the Obama recovery! Republican were given power and gridlock became their power!

    All this ignorant talk about President Obama being weak and not able to stand up against the Republican is STUPID! This President operate different then the past white Presidents that think being nasty and threating other country make America strong…As a result America started a war in Iraq for NOTHING 4,400 and counting troops dead for NOTHING! America hated around the world! Facing a recession and a country divide because of the stupid Republican mentality!

    Republicans and Bush /Cheney are also responsible for the needless death of American troops in Iraq! It bother me that there are Americans that are fast to condemn President Obama . For giving 32 million American the opportunity for healthcare. But voted G.W. Bush into officer twice and he is responsible for killing American troops in Iraq for NOTHING! Adding to the 9/11 death!

    Those people I see as sick!Those people that voted for Bush twice should be made to live in Iraq! There was no Tea Party against G.W. Bush when he spend 10.5 trillion dollar and left the country in debt! There was no Tea Party against Bush when he lost 22 million jobs! Many jobs oversea never to return. Two wars and a prescription plan all not paid for by Bush! The Tea Party didn’t decide to form a group against G.W. Bush THEN.

    These idiot are fast to claim that President Obama has spent too much money..When in fact HE WAS PAYING THE BILLS LEFT BY G.W. BUSH!!! He stop the recession with the stimulus package and save the automobile industry! Negotiate a 20 billion dollar cap in the BP spill where there was only a 75 million dollar cap!Overturn “don’t asked don’t tell and past over 244 bills that benefited Americans! If the country and especially Fox News was fair. They would be saying what I’m saying! But instead they criticize President Obama 24/7…..Even after Bin Laden was capture and killed on President Obama watch…They still tried to give Bush credit after Bush couldn’t do it in eight years!

    Seven decade of President tried and fail to get a healthcare plan past. President Obama did it!No it didn’t have the single payer in the plan. He couldn’t get Democrats to go along when Democrats had the house! This is the first black President that had to deal with the white male estblishment. White Democrats voted against the President to apease white voters! As for the continuing of the Bush tax cuts. President had no choice. The Republican had the house!

    Republican Mike Huckabbe called President Obama a bonehead for passing healthcare for 32 million American. So 7 decade of past Presidents must be boneheads for trying and failing to get healthcare past? Another question if mandating that people buy healthcare insurance is uncontutitional. Then why is it OK to mandate that American buy car insarance??? Is a car more inportant then your body???

    Huckabee is a idiot! His critcism of healthcare is without merit. He is the same idiot that release a murderer that got out and murdered 4 police officers. When Huckabee was Governor he release a murderer. After hundreds of letters begging him not to! He is not a bonehead he is a FOOL!!! That inmate went on to murder 4 police officers!

    The idiot that think blaming President Obama is the solution to American problem are the ignorant idiot that voted the Republican into office! G.W. Bush is responsible for the condition under recovery today by President Obama. Many Republican President screw up the country and blame everybody but themselves. They rely on the ignorant of Republican voter or racism and pure hatred to regain power!

  • Tyrone

    DEREGULATION vs REGULATION ….BUSH vs OBAMA ….DEMOCRAT vs REPUBLICAN

    Deregulation is the removal or simplification of government rules and regulations that constrain the operation of market forces. Deregulation does not mean elimination of laws against fraud or property rights but eliminating or reducing government control of how business is done, thereby moving toward a more laissez-faire, free market. It is different from liberalization, where more players enter in the market, but continues the regulation and guarantee of consumer rights and maximum and minimum prices. An example of Deregulation would be Financial Deregulation. Under former Republican President G.W. Bush deregulation was the way of life for American businesses. Less Government watchdogs! This practice led to Wall Street scamming American home owners!
    The U.S. subprime mortgage crisis was one of the first indicators of the late-2000s financial crisis, characterized by a rise in subprime mortgage delinquencies and foreclosures, and the resulting decline of securities backed by said mortgages. The immediate cause or trigger of the crisis was the bursting of the United States housing bubble which peaked in approximately 2005–2006. High default rates on “subprime” and adjustable rate mortgages (ARM), began to increase quickly thereafter. An increase in loan incentives such as easy initial terms and a long-term trend of rising housing prices had encouraged borrowers to assume difficult mortgages in the belief they would be able to quickly at more favorable terms. The lenders were fully aware of the scam but knew under deregulation they could not be held accountable! The Republican Tea Party wants to reverse all regulation under President Obama and return to the deregulation that brought the country to a recession.
    Republicans claims that regulation is hurting American employment. Is just a accuse to return to American businesses scamming Americans! Doing less to protect the American consumer and allowing businesses Americans to die! Like the (BP) spill deregulation is the real (underlying) reason / cause behind the US oil spill by British Petroleum (BP) in 2010 off the coast of Louisiana in the Gulf of Mexico. Deregulation coupled with lax government oversight (lackies appointed by Dick Cheney at the helm) lead to the omission of key safety features and protocols, a free pass for drilling licenses, emphasis on profit over safety, and absolutely NO PLAN for containment of blowouts.

    For example, George W Bush and Dick Cheney helped block a 2002/03 Bill that would have required the use of acoustic switches to activate the blowout preventer (BOP). When the rig blew up, they had to MANUALLY activate the switch by sending robotic submersibles. This was all but impossible since the rig was in flames and the priority was putting it out and saving lives; this was easily foreseen.

    In addition, BP did not want to lose an oil well (by activating the BOP); this would have cost them future profit in addition to the costs for exploration and preparation of the well. Eventually the rig collapsed and sank to the . Because the rig was STILL ATTACHED to the well head / BOP, it bent or damaged the BOP making it unusable. Again, this is something that could have been foreseen; i.e. the need to activate the BOP immediately in the case of catastrophic rig failure, to avoid potential damage to the BOP. Profit wins over safety; BP must avoid activating the BOP at all costs.
    So when Republican charge that President Obama’s administration has brought no one on Wall Street” up on charges. The reason there are no charges THEY DID NOTHING WRONG UNDER THE LAW UNDER FORMER REPUBLICAN PRESIDENT G W BUSH UNDER DEREGULATIONS!!!!!!!!!!!

  • davidl

    posted by Nick:
    “…most Americans are not smart enough to follow the big issues and make educated decisions about elected officials”

    Yes, you shouldn’t be allowed to vote if you didn’t graduate from high school!

  • http://www.apostolictorahstudies.com Raywebber

    Everyone is angry, and so am I. I cannot stand the so-called choices for Prez. Except maybe one, Ron Paul. Everyone wants to blame Obama, Bush, Clinton, Daddy Bush and so forth. However, the problem does not lie with these jokes. The problem ultimately lies with a hidden group of men are a the shadow government. They are the elite that tell the prez. and world governments what to do. It doesn’t matter who gets into the WH in 2012 election. Nothing will change! It’s only going to get worse! I hate to say all this, and be a doomsdayer but the Scriptures teach us of a NWO. These elite group of men who run around places like the Bilderburgers, the Bohemian Grove, and all others within the Illuminati are the policy changers. They’re the people that are holding the puppet strings of the current and future policy makers in the WH and Congress. Most, if not all the politicians, are all in bed together. They are doing their best to destroy the middle class. The elite want you believe that you have a choice for prez. They want you to believe that if we get Obama out of the WH then things will get better and go back to normal. I don’t want to burst anyone’s bubble, but the fact is, IT’S NOT GOING TO HAPPEN! We’re on the slippery slope to enslavement under the NWO. When it is snapped on the whole world will be a prison. This is a result of all those years of the people of this country and other countries being so preoccupied sports and entertainment, and forgetting there’s a God in the heavens that no wonder He’s allowing this to happen. We have no one to blame bur outselves. We can point fingers all we want but because our morals have become so depraved and so low that no wonder we have, and are becoming more and more enslaved under the NWO. Flee while you can and REPENT of all YOUR FILTHY deeds, and return to the Law of YHWH. Believe in the Man Yeshua (Jesus). I have and I see what’s happening in this world. We’re in a Matrix that the elite have made for us. But we will be free one day when our Master comes again. Visit my website, http://www.apostolictorahstudies.com Thanks

  • Kila

    Everyone one on this website is racist and God will punish you and if you hate black people what do you think black people think of white guess what your white trash go to live with satan

  • Kila

    just kiddding guys white people are hot