Posted by Tina
When Barack Obama was a senator competing to win the presidency hope and change was all the rage and folk were swooning. One of the things that needed changing, said the hope and change man, was the Bush economy. In fact, candidate Obama took great pleasure in throwing big darts at the Bush economy:
“American families, since George Bush has been in office, have seen average family incomes go down $2,000.” – Barack Obama,, September 2008- Green Bay, Wis.
But according to a Washington Times article (from whence the above quote came) his own economy isn’t doing any better, in fact it’s much, much worse:
“Income falls 3.2% during Obama’s term,” By Joseph Curl – Washington Times
Real personal income for Americans – excluding government payouts such as Social Security – has fallen by 3.2 percent since President Obama took office in January 2009, according to the Commerce Department’s Bureau of Economic Analysis. ** For comparison, real personal income during the first 15 months in office for President George W. Bush, who inherited a milder recession from his predecessor, dropped 0.4 percent. Income excluding government payouts increased 12.7 percent during Mr. Bush’s eight years in office. ** Two of the most populous states in the country reported dramatic declines: Per capita income in California dropped 3.5 percent to $42,325; in New York, the drop was 3.8 percent to $46,957. ** Other numbers show dramatic differences between the state of the economy in the opening months of Mr. Bush’s first term versus that of Mr. Obama. While disposal income during Mr. Obama’s term has risen $2.5 billion, extra cash for Americans rose $113 billion over Mr. Bush’s first 15 months in office.
I don’t recall the president backing up any of that dart throwing with actual figures…now we know why.
I keep posting this kind of story for a number of reasons:
1. It’s important that we understand what makes the economy work, grow and thrive…and as this article makes clear…it ain’t government spending!
2. t’s difficult to recall what was never reported about the Bush recovery so it helps to be reminded. Although his inherited recession wasn’t as dramatic (unless you factor in 9/11), his recovery was close to miraculous.
3. It’s important that we realize that the socialist arm of the Democrat Party now in power (Obama, Reid, Pelosi, Frank) doesn’t care about having an economy that works, grows and thrives…they care about BIG government.
An economic recovery isn’t a recovery if people aren’t going back to work or seeing tangible improvements in opportunities. Wall street may be humming along a little better but main street is down in the dumps with no hope for improvement any time soon. But it’s not surprising. The socialist Democrasts in control are not interested in an improved economy and your freedom and opportunity to find a good job. They are interested in power and control over every aspect of our lives. Watch what they do…hear what they say:
“It takes a long time to, to do the necessary administrative steps that have to be taken to put the legislation together to control the people,” John Dingell
“We [the government] should own the refineries. Then we can control how much gets out into the market.” – Rep. Maurice Hinchey
“And guess what this liberal would be all about. This liberal will be about socializing … uh, um. …” (pause, squirm) “Would be about, basically, taking over, and the government running all of your companies. …” – Congresswoman Maxine Waters
“The Clinton-Gore administration has passed the toughest gun control measures in the last 30 years. I cast the tie-breaking vote to close the gun show loophole.” Al Gore (2000)
“…the House Financial Services Committee, led by chairman Barney Frank, has approved a measure that would, in some key ways, go beyond the most draconian features of the original AIG bill. The new legislation, the “Pay for Performance Act of 2009,” would impose government controls on the pay of all employees — not just top executives — of companies that have received a capital investment from the U.S. government. It would, like the tax measure, be retroactive, changing the terms of compensation agreements already in place. And it would give Treasury Secretary Timothy Geithner extraordinary power to determine the pay of thousands of employees of American companies.” – Washington Examiner
Big socialist government spenders are energizer bunnies when it comes to power and control but they don’t know squat about growing the economy. VOTE THEM OUT!