Obamanomics: Middle Class Shrinking – 50% of Workers at Poverty Line

middle classby Tina

The Social Security Administration reported findings today that are more than disturbing: more than 50% of American workers earn Less than $30,000 a year. That’s just a tick above the poverty line meaning the middle class is disappearing as fast as the incredible shrinking woman. It’s a sad state of affairs. Incredibly most of the big news outlets report this horrendously bad economic news without holding President Obama accountable and without mentioning the Obama administration’s economic policies at all!

Where do the media focus their attention? That’s no mystery. They’ve focused on that terrible villain, the small business man who, they say, doesn’t pay his minimum wage workers enough. This is an example of how the media controls the narrative to control our politics and to give the Democrat Party a distinct advantage. Has it occurred to anyone that those business owners are also wage earners and in many cases part of the 50% of workers earning less than $30,000 a year? Does it occur to anyone that when the economy is bad it is bad for middle class business owners too? Middle class business owners are America’s largest employers. When they are barely getting by, going out of business, or failing opportunity for higher wages and jobs will just not be forthcoming!

The one major thing that has killed economic opportunity for the middle class is radical progressive Democrat economic policy. Government spending and increased regulation and taxes do not stimulate economic activity. Electing another Democrat as president next year would be disastrous. The candidates for President on the Democrat ticket are both progressives with an agenda of spending and increased power in government. Both want universal healthcare, expansion of government provided education, and additional environmental regulation. Both believe that power vested in the few in Washington DC is preferable to power beig vested in individual lives.

If Americans want to see prosperity and increased opportunity again we must do two things. We must vote for conservative candidates and we must begin to demand accountability from those who represent us and from those in media. When the citizenry believes that raising the minimum wage is all that needs to be done to create prosperity, and when the people and policies that have given us this lousy economy are protected from scrutiny and accountability, Americans are the big losers!

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22 Responses to Obamanomics: Middle Class Shrinking – 50% of Workers at Poverty Line

  1. J. Soden says:

    Let us not forget that Obumblecare has been responsible for many more part-time jobs than full-time jobs, yet the unemployment “statistics” numbers do not differentiate.

    And there are 3 types of untruth: Plain old lies, damned lies, and statistics . . . . . .

  2. Dewey says:

    Epic fail!
    Small businessman? Who walmart the number one employer? what world do you live in? All those jobs lost by the last Republican admin? They are Obama’s fault? A republican congress that consists of a Tea Party coup demanding laws for their donors?

    The failure of conservative policies and the Tea Party Coup in Congress is to blame. Where are all those jobs the Bush tax cuts created? Where did the deficit come from? And why has the deficit been cut down tremendously?

    Keep telling yourself these lies cause no one else believes it.

    Small business? Your party supports corporations who want all small biz gone. Wall Street is running the country and both Republicans and Democrats allow it. People who collect socialist gov checks telling workers they know what is going on in the workplace today is hypocrisy.

    Are you wearing clothes made in America? Read your food packages was it made in America? Look at everything you buy and then tell me about American Jobs.

    Are you yelling out about the Chinese dumping Steel in America? Or when Arnie used Chinese steel for the Bay Bridge? Shouting out at overpriced goods made to break for investor profit?

    Trickle down economics has destroyed the middle class and it only took about 40 years. Reaganomics the failure of the century! Oh those poor CEO’s making millions a year are quite the cats meow!

    Retired people have no business talking about a workplace they never saw. You had it good. Fascism is here and it must go!

    Your boy Trump would actually have more money if he just saved daddy’s money.

  3. Tina says:

    Dewey I want to thank you for illustrating just how ignorant (not stupid) most of the citizenry is. Your opening remark is amazingly ignorant!

    A small business is defined as having less than 500 employees by SBA. For purposes of government different types of business may have up to 1500 workers and still be considered a small business.

    Walmart employs about 1.4 million Americans. (Walmart numbers from 2010 census)

    So no, Dewey, Walmart is not a small business and your snide remark is unworthy and a slap in the face to the many men and women who do own and operate small businesses in America and employ a lot of people.

    Jason Nazar wrote a piece for Forbes listing 16 facts about small business. Maybe you could learn a thing or two:

    1) The SBA defines a small business as an enterprise having fewer than 500 employees

    2) There are almost 28 million small businesses in the US and over 22 million are self employed with no additional payroll or employees (these are called nonemployers)

    3) Over 50% of the working population (120 million individuals) works in a small business

    4) Small businesses have generated over 65% of the net new jobs since 1995

    5) Approximately 543,000 new businesses get started each month (but more employer businesses shut down than start up each month)

    6) 7 out of 10 new employer firms survive at least 2 years, half at least 5 years, a third at least 10 years and a quarter stay in business 15 years or more

    7) 52% of all small businesses are home-based

    8) There were 22.5 million non-employer firms in 2011 (up almost 2% from the year before)

    That should give you some idea of the contribution of small business to the middle class.

    Of course things haven’t been so rosy for entrepreneurs in this economy. As Wynton Hall reported in January of this year over at Breitbart:

    In a stunning Tuesday report, Gallup CEO and Chairman Jim Clifton revealed that “for the first time in 35 years, American business deaths now outnumber business births.”

    Clifton says for the past six years since 2008, employer business startups have fallen below the business failure rate, spurring what he calls “an underground earthquake” that only stands to worsen as lagging U.S. Census data becomes available

    Jobs lost because of the housing crash and recession are not Obama’s fault, although as a congressman he did bear some responsibility.

    The housing crash was a result of democrat policies (Carter and Bill Clinton) and a refusal by Democrats in Congress to heed the warnings of George W Bush for six long years. White House Archives, October 9, 2008:

    Over the past six years, the President and his Administration have not only warned of the systemic consequences of failure to reform GSEs but also put forward thoughtful plans to reduce the risk that either Fannie Mae or Freddie Mac would encounter such difficulties. In fact, it was Congress that flatly rejected President Bush’s call more than five years ago to reform the GSEs. Over the years, the President’s repeated attempts to reform the supervision of these entities were thwarted by the legislative maneuvering of those who emphatically denied there were problems with the GSEs.

    2001

    April: The Administration’s FY02 budget declares that the size of Fannie Mae and Freddie Mac is “a potential problem,” because “financial trouble of a large GSE could cause strong repercussions in financial markets, affecting Federally insured entities and economic activity.” (2002 Budget Analytic Perspectives, pg. 142)

    2002

    May: The Office of Management and Budget (OMB) calls for the disclosure and corporate governance principles contained in the President’s 10-point plan for corporate responsibility to apply to Fannie Mae and Freddie Mac. (OMB Prompt Letter to OFHEO, 5/29/02)

    2003

    February: The Office of Federal Housing Enterprise Oversight (OFHEO) releases a report explaining that unexpected problems at a GSE could immediately spread into financial sectors beyond the housing market.

    September: Then-Treasury Secretary John Snow testifies before the House Financial Services Committee to recommend that Congress enact “legislation to create a new Federal agency to regulate and supervise the financial activities of our housing-related government sponsored enterprises” and set prudent and appropriate minimum capital adequacy requirements.

    September: Then-House Financial Services Committee Ranking Member Barney Frank (D-MA) strongly disagrees with the Administration’s assessment, saying “these two entities – Fannie Mae and Freddie Mac – are not facing any kind of financial crisis … The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.” (Stephen Labaton, “New Agency Proposed To Oversee Freddie Mac And Fannie Mae,” The New York Times, 9/11/03)

    October: Senator Thomas Carper (D-DE) refuses to acknowledge any necessity for GSE reforms, saying “if it ain’t broke, don’t fix it.” (Sen. Carper, Hearing of Senate Committee on Banking, Housing, and Urban Affairs, 10/16/03)

    November: Then-Council of the Economic Advisers (CEA) Chairman Greg Mankiw explains that any “legislation to reform GSE regulation should empower the new regulator with sufficient strength and credibility to reduce systemic risk.” To reduce the potential for systemic instability, the regulator would have “broad authority to set both risk-based and minimum capital standards” and “receivership powers necessary to wind down the affairs of a troubled GSE.” (N. Gregory Mankiw, Remarks At The Conference Of State Bank Supervisors State Banking Summit And Leadership, 11/6/03)

    2004

    February: The President’s FY05 Budget again highlights the risk posed by the explosive growth of the GSEs and their low levels of required capital and calls for creation of a new, world-class regulator: “The Administration has determined that the safety and soundness regulators of the housing GSEs lack sufficient power and stature to meet their responsibilities, and therefore … should be replaced with a new strengthened regulator.” (2005 Budget Analytic Perspectives, pg. 83)

    February: Then-CEA Chairman Mankiw cautions Congress to “not take [the financial market’s] strength for granted.” Again, the call from the Administration was to reduce this risk by “ensuring that the housing GSEs are overseen by an effective regulator.” (N. Gregory Mankiw, Op-Ed, “Keeping Fannie And Freddie’s House In Order,” Financial Times, 2/24/04)

    April: Rep. Frank ignores the warnings, accusing the Administration of creating an “artificial issue.” At a speech to the Mortgage Bankers Association conference, Rep. Frank said “people tend to pay their mortgages. I don’t think we are in any remote danger here. This focus on receivership, I think, is intended to create fears that aren’t there.” (“Frank: GSE Failure A Phony Issue,” American Banker, 4/21/04)

    June: Then-Treasury Deputy Secretary Samuel Bodman spotlights the risk posed by the GSEs and calls for reform, saying “We do not have a world-class system of supervision of the housing government sponsored enterprises (GSEs), even though the importance of the housing financial system that the GSEs serve demands the best in supervision to ensure the long-term vitality of that system. Therefore, the Administration has called for a new, first class, regulatory supervisor for the three housing GSEs: Fannie Mae, Freddie Mac, and the Federal Home Loan Banking System.” (Samuel Bodman, House Financial Services Subcommittee on Oversight and Investigations Testimony, 6/16/04)

    2005

    April: Then-Secretary Snow repeats his call for GSE reform, saying “Events that have transpired since I testified before this Committee in 2003 reinforce concerns over the systemic risks posed by the GSEs and further highlight the need for real GSE reform to ensure that our housing finance system remains a strong and vibrant source of funding for expanding homeownership opportunities in America … Half-measures will only exacerbate the risks to our financial system.” (Secretary John W. Snow, “Testimony Before The U.S. House Financial Services Committee,” 4/13/05)

    July: Then-Minority Leader Harry Reid rejects legislation reforming GSEs, “while I favor improving oversight by our federal housing regulators to ensure safety and soundness, we cannot pass legislation that could limit Americans from owning homes and potentially harm our economy in the process.” (“Dems Rip New Fannie Mae Regulatory Measure,” United Press International, 7/28/05)

    2007

    August: President Bush emphatically calls on Congress to pass a reform package for Fannie Mae and Freddie Mac, saying “first things first when it comes to those two institutions. Congress needs to get them reformed, get them streamlined, get them focused, and then I will consider other options.” (President George W. Bush, Press Conference, the White House, 8/9/07)

    August: Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd ignores the President’s warnings and calls on him to “immediately reconsider his ill-advised” position. (Eric Dash, “Fannie Mae’s Offer To Help Ease Credit Squeeze Is Rejected, As Critics Complain Of Opportunism,” The New York Times, 8/11/07)

    December: President Bush again warns Congress of the need to pass legislation reforming GSEs, saying “These institutions provide liquidity in the mortgage market that benefits millions of homeowners, and it is vital they operate safely and operate soundly. So I’ve called on Congress to pass legislation that strengthens independent regulation of the GSEs – and ensures they focus on their important housing mission. The GSE reform bill passed by the House earlier this year is a good start. But the Senate has not acted. And the United States Senate needs to pass this legislation soon.” (President George W. Bush, Discusses Housing, the White House, 12/6/07)

    2008

    February: Assistant Treasury Secretary David Nason reiterates the urgency of reforms, saying “A new regulatory structure for the housing GSEs is essential if these entities are to continue to perform their public mission successfully.” (David Nason, Testimony On Reforming GSE Regulation, Senate Committee On Banking, Housing And Urban Affairs, 2/7/08)

    March: President Bush calls on Congress to take action and “move forward with reforms on Fannie Mae and Freddie Mac. They need to continue to modernize the FHA, as well as allow State housing agencies to issue tax-free bonds to homeowners to refinance their mortgages.” (President George W. Bush, Remarks To The Economic Club Of New York, New York, NY, 3/14/08)

    April: President Bush urges Congress to pass the much needed legislation and “modernize Fannie Mae and Freddie Mac. [There are] constructive things Congress can do that will encourage the housing market to correct quickly by … helping people stay in their homes.” (President George W. Bush, Meeting With Cabinet, the White House, 4/14/08)

    May: President Bush issues several pleas to Congress to pass legislation reforming Fannie Mae and Freddie Mac before the situation deteriorates further.

    “Americans are concerned about making their mortgage payments and keeping their homes. Yet Congress has failed to pass legislation I have repeatedly requested to modernize the Federal Housing Administration that will help more families stay in their homes, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow state housing agencies to issue tax-free bonds to refinance sub-prime loans.” (President George W. Bush, Radio Address, 5/3/08)

    “[T]he government ought to be helping creditworthy people stay in their homes. And one way we can do that – and Congress is making progress on this – is the reform of Fannie Mae and Freddie Mac. That reform will come with a strong, independent regulator.” (President George W. Bush, Meeting With The Secretary Of The Treasury, the White House, 5/19/08)

    “Congress needs to pass legislation to modernize the Federal Housing Administration, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow State housing agencies to issue tax-free bonds to refinance subprime loans.” (President George W. Bush, Radio Address, 5/31/08)

    June: As foreclosure rates continued to rise in the first quarter, the President once again asks Congress to take the necessary measures to address this challenge, saying “we need to pass legislation to reform Fannie Mae and Freddie Mac.” (President George W. Bush, Remarks At Swearing In Ceremony For Secretary Of Housing And Urban Development, Washington, D.C., 6/6/08)

    July: Congress heeds the President’s call for action and passes reform legislation for Fannie Mae and Freddie Mac as it becomes clear that the institutions are failing.

    September: Democrats in Congress forget their previous objections to GSE reforms, as Senator Dodd questions “why weren’t we doing more, why did we wait almost a year before there were any significant steps taken to try to deal with this problem? … I have a lot of questions about where was the administration over the last eight years.” (Dawn Kopecki, “Fannie Mae, Freddie ‘House Of Cards’ Prompts Takeover,” Bloomberg, 9/9/08)

    President Bush also remarked on this bubbling problem in his State of the Union addresses every year.

    Dewey you are either ignorant about conservative policies or just an activist spewing the progressive crap that passes for serious dialogue.

    Republicans champion small business and fight for small business owners and entrepreneurs who take a risk to start a business.

    Republicans in the House passed 372 bills, many of which would help small business. Follow the link to view all 372!

    I’m not sure you even know what a deficit is much less where it comes from. As it turns out every president has them since every president has presided over expanding budgets that congress always manages to exceed…government spending just keeps growing beyond the budgets…and that is where deficits “come from.”

    Deficits have come down in large part because of the sequestration agreement which forced budget cuts…the debt has also slowed if I’m not mistaken. the big problem with big government is that they spend and manage our hard earned dollars so badly and the waste and abuse is horrendous. Which is why conservatives prefer a smaller, leaner federal government per the Tenth Amendment to the Constitution:

    The Tenth Amendment’s simple language—“The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people”—emphasizes that the inclusion of a bill of rights does not change the fundamental character of the national government. It remains a government of limited and enumerated powers, so that the first question involving an exercise of federal power is not whether it violates someone’s rights, but whether it exceeds the national government’s enumerated powers.

    It might be that Arnie had to use Chinese steel for the Bay Bridge since unions helped to destroy the steel industry in America with unreasonable (greedy) demands for pay and benefits. Unions never consider the expenses involved in running a company nor do the average citizen. They look at the gross revenue and think that’s the end of it. Employee expenses have become the biggest expense of any business and the companies in emerging markets around the world, like China, had labor so cheap American steel couldn’t compete.

    We live in a different world and we had better learn to compete if we want to see American products, other than tech, shine again.

    Don’t preach to me about buying American products until you gain some understanding of what it takes to produce them!

    The middle class was not destroyed until the last seven years. The recession officially ended in summer 2009. Obama policies, progressive policies have been implemented over that time. Reagnomics had NOTHING to do with decimating the middle class. You can scream and holler all you want but it will not change that fact.

    CEO’s will make millions a year no matter what! Get over it!

    People with money will make money under any economic policy. Get over it! They just adjust their investments.

    The middle class, however, only has a chance to advance when the economy booms. It boomed under Reagan. It boomed under Clinton after the republicans blocked Hillarycare and Bill cooperated with Gingrich and cut tax rates. It held steady, to the degree it could after the trade center came down and in a time of war under Bush. It has not recovered after the recession ended in 2009 under progressive policies put in place by Obama, Pelosi and Reid. Since the Repubicans took Congress, Democrats and Obama have obstructed all efforts to change those policies.

    Once again this month we are expecting to see negative growth (.9%). It’s impossible to create jobs without strong growth. Growth has averaged 2% and less for all of Obama’s term.

    You sound angry Dewey. But you’re filled with just enough information to make you dangerous. It’s a da*n shame you don’t have the smarts to understand what works or the slightest idea about the things that really should make you angry!

  4. Post Scripts says:

    Tina, I’ve never seen this country in worse economic shape. So many retirees lost their life savings in the real estate implosion and stock market crash, leaving them barely making it after spending a lifetime of saving for their retirement years.

    I don’t blame Walmart for this, like the Dewey’s of this world. That’s a stupid and short sighted assumption that misses the mark. In almost all cases where people lost their money, our government was involved. They were involved as watch-dogs and they were totally oblivious as pirates looted company coffers. Or they were co-conspirators, aiding and abetting in the fleecing. The banking/housing scandal is a prime example of the failure of government to regulate a sound economy while encouraging unsound banking practices to suit the liberals in office.

    If this stuff had happened in China I guarantee you the criminals and the incompetents would have been executed…here, they were not even prosecuted!

    • Tina says:

      Some of them are promoted. Others are given a “special assignment.” Barnie Frank and Chris Dodd were given the reward of regulating the banks even though it was they who opposed the reforms that would have prevented the crash…then they retired with full benefits.

    • Tina says:

      Everyone thinks of big giants like Walmart as “set for life.” Luckier than others. The truth is this is life. People move up and down and so do companies.

      I understand Walmart is having to restructure. Between on line sales and higher poverty levels customers are not showing up to shop as they once were. So now they will have to try to catch up and compete with operations like Amazon. It won’t be easy. Amazon is a powerhouse.

      We’ve been very blessed to live in America. Wouldn’t it be lovely if people would strive to do the best they can and be then happy with whatever they achieve? I’m so fed up with class envy and redistribution.

      People need to get that life is a journey that doesn’t promise smooth sailing.

      As for the retirees that lost their life savings there’s just no way to express how monumentally stupid the regulations were that led to the housing crash and there’s no way to express enough frustration for the stupid management of “the recovery” that never comes. Now that we’ve QE’d ourselves into a corner the consequences could be even more devastating. If it comes we’ll just have to depend on each other as best we can. What we’ve done to the younger folks is also unconscionable!

      It occurs to me that our leaders aren’t just stupid or conniving, or agenda driven. Nope! They have to be totally unconscious, operating like zombies, to not see the desperate situation they’ve created.

      • RHT447 says:

        “I’m so fed up with class envy and redistribution.”
        Indeed. AKA “divide and conquer”.

        “It occurs to me that our leaders aren’t just stupid or conniving, or agenda driven. Nope! They have to be totally unconscious, operating like zombies, to not see the desperate situation they’ve created.”

        I respectfully disagree. I think they see the situation perfectly. For many, it has always been part of their plan. For the rest, they simply don’t care. Power is all that matters.

        There is a growing under current of people who feel they have nothing left to lose. Combine this with others who have an entitlement mentality of something for nothing, and it is a dangerous mix. If this thing goes south, the pace will be breath-taking.

    • Tina says:

      RHT447 the consciousness I was speaking of would be total awareness. They know what they’re doing but they are also unconscious as to the full consequences of what they are doing. They are playing games with our lives as if there were no consequences beyond their own need for power. .

      I agree too that if it goes south it will be swift.

  5. Harold says:

    A yes, Good ol’ Frank and Dodd, they had been on numerous occasions warned of the growing problems with Freddie Mac and Fannie Mae and the sub prime loans, and failed to do the responsible thing.

    There really should a Accountably act to at least cause those politicians (who gain wealth through this) to stop and think about what their doing, and to be held financially responsible as well, might help stop this Crap!

    • Tina says:

      Harold great idea. Given what they’ve done, they’d all die broke. That’s powerful incentive for future leaders to think before they act stupidly. As it is we can’t get a day in court much less accountability.

      People are funny. How is it possible for someone to become so angry over data collection but yawn when a fellow citizen has been bullied, harassed, and denied her rights by the government. How can they not be absolutely furious that a private citizen would be treated this way and no one is prosecuted. How can they be nonchalant when a journalist is spied on and his parents harassed by that same government?

      We put presidents in power and grant them the right to go to war and sign bills into law. We don’t always like their decisions but those actions are legitimate duties of the president. Abusing power, interfering with expression, harassment and bullying of citizens are not legitimate duties of the president or his administrators.

      Obama is the worst president ever. He has led those under him by example and his example is that of a dictator. Lois Lerner thought she was entitled to use her office against private citizens. She’s only one example; there are many.

  6. Chris says:

    Fact Check presents a much more balanced view:

    “The economy has now gained nearly five times more jobs under President Barack Obama than it did during the presidency of George W. Bush, and the unemployment rate has dropped to just below the historical average.
    Real weekly earnings are up 1.7 percent, thanks in part to a plunge in gasoline prices.
    Corporate profits have nearly tripled, and stock prices have soared.
    On the other hand, the number of Americans receiving food stamps remains 45 percent higher than when the president first took office, and the rate of home ownership has dropped by 3.2 percentage points, to the lowest point in nearly 20 years.
    The average premium for a benchmark “silver” health plan in the Obamacare marketplaces rose only 2 percent this year, and consumers had more plans from which to choose. But the tax penalty for going without insurance will double.”

    http://www.factcheck.org/2015/01/obamas-numbers-january-2015-update/

    We have been healing from the recession, whether some like it or not.

    • Tina says:

      Sounds rosy all right.

      Unfortunately the number of jobs created is not keeping pace with the number of job seekers. So saying Obama created “five times more jobs” than Bush is nothing more than weenie words designed to fool the public. Your party of choice might want to rethink its stance on immigration.

      The plunge in gas prices are a welcome benefit, unless you’ve lost your job as a result, but not directly tied to Obama’s economic policies.

      Corporate profits have soared due to the printing of money and that doesn’t represent real growth in the company. It represents a growing bubble.

      Obamacare insurance premiums are expected to rise in 2016:

      The cost of Obamacare could rise for millions of Americans next year, with one insurer proposing a 50 percent hike in premiums, fueling the controversy about just how “affordable” the Affordable Care Act really is.

      The eye-popping 50 percent hike by New Mexico insurer Blue Cross Blue Shield is an outlier, and state officials may not allow it to go through. But health insurance experts are predicting that premiums will rise more significantly in 2016 than in the first two years of Obamacare exchange coverage. In 2015, for example, premiums increased by an average of 5.4 percent, according to PwC’s Health Research Institute.

      I’ve seen guesstimates as low as 2-3% higher in some areas so won’t be the same for everyone around the country.

      These hikes are attributed to several things but they certainly don’t represent the big savings we were promised. (Which we never bought anyway)

      IBD:

      ObamaCare was also supposed to hold government health costs in check — and even cut the federal deficit. Those who disagreed were told to read Congressional Budget Office reports on the matter.

      Now California says ObamaCare will cost state taxpayers $1.2 billion more than expected in Medicaid costs alone. Expect similar reports from other states soon.

      Taxpayers will foot most of the bill. As the Avalere report explains, “the burden of any premium increases could be borne primarily by the government, rather than consumers, in highly subsidized states.”

      That article covers several issues showing how Obamacare just isn’t working.

      I wish the picture were different but I also know it could never be different with the policies now in place.

      Government doesn’t create jobs or products. People do. We need policies that empower the people.

      • Chris says:

        “Sounds rosy all right.”

        No, it sounds rather mixed, exactly what one would expect after the country’s biggest recession since the Great Depression.

        “Unfortunately the number of jobs created is not keeping pace with the number of job seekers. So saying Obama created “five times more jobs” than Bush is nothing more than weenie words designed to fool the public.”

        Why? Unless there are five times more job seekers today than there were under Bush (unlikely), that still seems pretty good.

        “Your party of choice might want to rethink its stance on immigration.”

        Why? There is no evidence that immigration hurts the job prospects of American citizens.

        “The plunge in gas prices are a welcome benefit, unless you’ve lost your job as a result, but not directly tied to Obama’s economic policies.”

        How do you gauge that? Oh yeah: Anything good that happens under Obama isn’t due to his policies, but anything bad that happens is. What a sophisticated algorithm you’ve developed.

        • Tina says:

          Increasing population is the reason most cited for the fact that job growth isn’t keeping pace with demand. You should also be reminded that a high percentage of jobs created is part time work (65% in 2013). The Washington Post reported in 2014 that “The number of people in part-time jobs jumped by more than 1 million in June to 27 million, according to the government’s data.”

          There is evidence that companies are replacing American workers with immigrant workers. Common sense also tells us that a flood of foreign people has to result in more people dependent on government or more competition in the jobs market…no?

          Chris don’t be a jerk. Gas prices are never driven by US policy. They are driven by world wide supply and demand and by cartels. Economies around the world are way down creating less demand. The green movement is trying to eliminate use of petroleum products and their efforts have had an effect on commerce. To the degree that Obama’s policies have kept our economy sluggish he has impacted gas prices helping to create less demand. Even as the price has come down consumers aren’t using more because they don’t feel confident…their saving their savings.

      • Chris says:

        “Obamacare insurance premiums are expected to rise in 2016”

        And? Premiums rise every year, and the growth in premium costs under Obama has been much slower than it was previously:

        http://www.factcheck.org/2015/10/bush-misleads-on-premium-growth/

        Now, this isn’t necessarily due to Obama’s policies either. But it’s also clear that Obamacare has not led to “sky-rocketing premiums” as you and other conservatives have claimed, and it should make everyone skeptical of similar claims in the future.

        (Also, you guys literally opened with “DEATH PANELS! OOGA BOOGA!” So telling people their premiums are going to increase by 2-3% isn’t really all that scary anymore. You should never open with death panels. It left you with nowhere to escalate to.)

        “Government doesn’t create jobs or products. People do. We need policies that empower the people.”

        I’d wager the 17 million more people insured now due to Obamacare feel more empowered than they did before they had insurance.

  7. Tina says:

    Oh come on Chris! You remember the big promise used to sell the ACA to the people:

    President Obama repeatedly promised that his signature health law, the Affordable Care Act, a.k.a. Obamacare, would reduce insurance premiums by $2,500 for the typical family.

    As the video clearly shows he repeated it over and over again.

    It’s a bit disingenuous for you to now ask, “And?” when I mention premiums are expected to rise, especially since in some states they are predicting a 50% rise in 2016!

    Factcheck said in the second paragraph, “Obama did not promise to cut premiums; he promised to cut the rate of growth in premiums.”

    As the above video clearly shows this is a lie.! So much for Factcheck’s facts on this particular point.

    Excuse me Chris but you are either tremendously inattentive or you just don’t care about the whole truth. Opposition arguments to Obamacare were pointed an specific. Reducing the opposition to one argument real crap play.

    Obamacare put more people on Medicaid, subsidized others, and turned off a lot of young Americans who would rather pay a fine. Hot Air looked into why this happened:

    “I was excited to finally have an opportunity to have insurance,” [Marta Hardy] says. “Then I checked [the marketplace] and I found that the lowest tier Bronze plan was going to run me $725 per month, plus a $6,300 annual deductible. That is a house payment or two car payments for me.”

    Hardy decided not to sign up. Come tax time, she, like most people who decided to forgo insurance in 2014, will have to pay for that decision. The penalty this year is 1% of gross annual income or $95 per adult (whichever is greater), plus $47.50 per child.

    Since those young people refuse to be coerced, and who can blame them, Obamacare isn’t functioning as planned.

    Gallup found in April of 2015 that, “11.9% of American adults were uninsured in the first quarter of 2015.” CNS news comments:

    The Gallup survey shows the ACA falling far short of the president’s statement that the law would be “about making sure that all of us, and all our fellow citizens, can count on the security of health care.”

    In a speech in the Rose Garden on April 1, 2014, six months after the federal government initiated its rollout of its health insurance marketplace, Obama told the American people, “Today should remind us that the goal we set for ourselves, that no American should go without the health care that they need; that no family should be bankrupt because somebody in that family gets sick, because no parent should have to be worried about whether they can afford treatment because they’re worried that they don’t want to have to burden their children; the idea that everybody in this country can get decent health care–that goal is achievable.”

    There’s a lot of speculation about how many people remain uninsured and how many now choose to be uninsured but the point is the law isn’t working and certainly isn’t living up to the wild promises made to sell it.

  8. Chris says:

    “President Obama repeatedly promised that his signature health law, the Affordable Care Act, a.k.a. Obamacare, would reduce insurance premiums by $2,500 for the typical family.”

    No, he did not, and the video you presented doesn’t show him doing that. Not even once.

    Every clip of Obama throwing out the “2,500” number in that video is from 2008. As I’ve already explained to you–and which you already knew even before I explained it to you–there was no such thing as the Affordable Care Act in 2008, and Obama’s plan was very different from what became known as Obamacare. It is very misleading to repeatedly claim that Obama made these promises about the Affordable Care Act, when you know as well as I do that he was not talking about the ACA, but a totally different plan which never came to fruition.

    Do you have any evidence that Obama ever made such a promise about the ACA?

    If not, can I trust that you will acknowledge that Fact Check’s claim was correct, and that you will finally stop claiming that Obama promised that the ACA would reduce premiums by $2,500?

    “Gallup found in April of 2015 that, “11.9% of American adults were uninsured in the first quarter of 2015.””

    You’re missing the age old question, the one you’ve said liberals never ask: “compared to what?”

    Do you know what the uninsured rate was prior to the ACA? Do you care? Does it matter to you that this is the lowest uninsured rate in 50 years? Is it possible for you you acknowledge that more Americans are insured as a result of this law, and that this is an improvement? Do you really think anecdotes about a few individuals whom the law didn’t work for outweighs the millions more who are insured?

  9. Tina says:

    “…there was no such thing as the Affordable Care Act in 2008…”

    Chris healthcare was his signature issue and it doesn’t matter that the plan didn’t have a name or the details worked out. He got elected in part to deliver on that promise. You would hold anyone else to such a promise and you know it.

    I’ll admit his remarks happened in the campaign. But I will also insist that the fact checker is playing with the facts in the same way you are. People believed he would deliver that kind of savings in his healthcare plan…period!

    http://www.buzzfeed.com/andrewkaczynski/flashback-obama-promised-lower-health-care-insurance-premium#.xtpXMzWg9“>Buzzfeed agrees:

    When he was selling his health care overhaul as a presidential candidate and then as commander-in-chief, Barack Obama repeatedly argued that the plan would lower insurance premiums for everyone. But in California, at least, healthy young people — the vast majority of whom voted for Obama in 2012 — are seeing their costs go up.

    Conservative author Avik Roy at Forbes reported Thursday that ” for the typical 25-year-old male non-smoking Californian, Obamacare will drive premiums up by between 100 and 123 percent.” Roy cited data on eHealthInsurance.com showing that the median cost of the five cheapest health care plans in California was only $92 for young people, while under the ObamaCare exchanges the cheapest plan will cost an average of $184 a month.

    Obama himself promised that everyone’s premiums cost would be lower under his health care plan.

    My plan begins by covering every American. If you already have health insurance, the only thing that will change for you under this plan is the amount of money you will spend on premiums. That will be less,” Obama said in his May 2007 speech unveiling his health care plan.

    “If you are one of the 45 million Americans who don’t have health insurance, you will have it after this plan becomes law. …

    …In a May 2009 interview with C-SPAN President Obama again argued that health care reform would result in lower premiums for all Americans.

    “One of the very promising areas that we saw was these insurance companies, drug companies, hospitals, all these stakeholders coming together, committing to me that they would reduce costs by 1.5 percent per year.

    If we do that, it seems like small number, we end up saving $2 trillion. $2 trillion, which not only can help deal with our deficit and our long-term debt, but a lot of those savings can go back into the pockets of American consumers in the form of lower premiums. That’s what we are driving for.”

    “compared to what?”

    Well compared to another promise regarding his plan for starters: :If you are one of the 45 million Americans who don’t have health insurance, you will have it after this plan becomes law.

    And then there’s the little matter of “lie of the year: If you like your doctor (your plan) you can keep your doctor (your plan).

    “Do you know what the uninsured rate was prior to the ACA? Do you care? Does it matter to you that this is the lowest uninsured rate in 50 years? ”

    Good Lord Chris. It’s good that some people have benifoted from this horrible plan. But that’s not a very good selling point at this point when you stack up all of those harmed by it. People going without insurance and care because they don’t qualify for subsidies and the deductibles are too high. People that lost the plan or doctor they liked. Doctors retiring. And in 2013 the GAO reported that the ACA “will increase the long-term federal deficit by $6.2 trillion even though he told a joint session of Congress, ““I will not sign a plan that adds one dime to our deficits — either now or in the future.” See also Investors:

    In September 2009, President Obama promised the country that “I will not sign a plan that adds one dime to our deficits — either now or in the future.”

    But it turns out Obama did sign such a plan — in fact, ObamaCare could add upwards of 180 billion dimes to the deficit in its first 10 years, an IBD analysis of various official budget reports found.

    According to the Congressional Budget Office’s initial forecast made in March 2010, ObamaCare was supposed to cut the deficit a total of $124 billion in its first decade. Democrats seized on this to show Obama had lived up to his promise.

    Almost as soon as Obama signed the law, however, his administration started making changes that added costs and cut revenues. The most recent was the one-year delay in the employer mandate.

    The result is instead of a $124 billion deficit cut from 2010 to 2019, ObamaCare will likely add about $18 billion in red ink over those same years. And that assumes nothing else changes in the years ahead.

    The anecdote is an illustration of the truth for many young people whether or not you are willing to admit it.

    The point Chris, is that the problems we had prior to Obama, Pelosi, Reid being elected could have been fixed WITHOUT making this major overhaul.

    This law was passed deceitfully. It’s been my experience that when the government doesn’t level with the people and when they act in secret the people not only get hurt but also reject what’s been delivered.

    Frankly I’m surprised you still defend it.

  10. Chris says:

    Tina: “Chris healthcare was his signature issue and it doesn’t matter that the plan didn’t have a name or the details worked out.”

    “Details?” You’re funny. It was an entirely different plan, Tina, one that relied on the existence of a public option that never came to be. Obama didn’t even support an individual mandate at the time he made those statements–and that became the cornerstone of the ACA!

    Perhaps Obama could have made a statement that said, “The old plan would have saved you $2,500 a year, but this new plan doesn’t,” but sadly that’s not something I would expect any politician to do.

    “Well compared to another promise regarding his plan for starters: :If you are one of the 45 million Americans who don’t have health insurance, you will have it after this plan becomes law.”

    The ACA has not lived up to Obama’s biggest promises, that’s true. It still represents a huge improvement: 17 million more people insured, and the lowest uninsured rate in 50 years.

    “And then there’s the little matter of “lie of the year: If you like your doctor (your plan) you can keep your doctor (your plan).””

    I’ve already acknowledged that was a lie. Given the creative lies your side told about the law (“Obamacare bans mammograms for women of a certain age!” “A panel will decide whether my disabled son gets to live based on his level of productivity!” “”FEMA camps!”) it’s not really wise to judge the law based on which side told the most lies about it. We have to examine the law on its merits.

    “Good Lord Chris. It’s good that some people have benifoted from this horrible plan. But that’s not a very good selling point at this point when you stack up all of those harmed by it.”

    If one is capable of rationally weighing the costs and benefits–or, hell, even basic math–then yes, that is absolutely a very good selling point. Lowest uninsured rate in 50 years. 17 million more people insured. You have provided no evidence that there have been more people harmed than helped by the law. There are always winners and losers under any policy. But far more people have gained insurance under Obamacare than have lost it.

    And the majority are satisfied with their plans:

    “Contrary to what Republicans would have you think, most people who bought health insurance through the Affordable Care Act actually like their plans, a new survey by the Kaiser Family Foundation shows. Respondents generally rated shopping for plans as easy and rated their overall coverage as positive. When they didn’t, the key factor was the hot-button issue of high deductibles.

    Overall, 74 percent of respondents who bought insurance individually rated their health insurance as “excellent” or “good” in 2015, up from 72 percent in 2014, the survey, published Wednesday, showed. When it came to being able to pick doctors and hospitals, 75 percent were “very satisfied” or “somewhat satisfied” with their choice of primary physicians and hospitals.”

    http://www.ibtimes.com/obamacare-working-majority-satisfied-affordable-care-act-plans-except-those-high-1933027

    “People going without insurance and care because they don’t qualify for subsidies and the deductibles are too high. People that lost the plan or doctor they liked. Doctors retiring.”

    You’re right, these things never happened prior to Obamacare!

    “The point Chris, is that the problems we had prior to Obama, Pelosi, Reid being elected could have been fixed WITHOUT making this major overhaul.”

    Name the plan Republicans supported that would have decreased the uninsured population by the same number in the same amount of time that Obamacare has. You can’t, because there was no such plan. Do you really think if we hadn’t passed the ACA, Republicans would have implemented their own plan? No–Republicans didn’t care much about lowering the uninsured rate until the reaction to the ACA made it clear that they had to start caring. Do you think any of their alternatives would have insured 17 million more people within five years?

    • Tina says:

      Chris you are incredible. The only thing that maters to you is that some people that didn’t have insurance do now. You don’t care what it costs everyone else or that it isn’t working in many ways, or that it represents a huge disruption in the plans of individual doctors and expensive forced changes for healthcare providers.

      Republicans proposed several changes in the law to address problems pre-Obamacare but Democrats were he77 bent on government control. Government control allows for grand deceptions. The Weekly Standard 2015:

      Given that Obamacare’s supporters like to take the Congressional Budget Office’s overly optimistic scoring of the president’s signature legislation as gospel, it’s fun to look at how poorly Obamacare is actually doing in relation to earlier CBO projections. When the Democrats rammed Obamacare through Congress in 2010 without a single Republican vote, the CBO said that the unpopular overhaul would lead to a net increase of 26 million people with health insurance by 2015 (15 million through Medicaid plus 13 million through the Obamacare exchanges minus 2 million who would otherwise have had private insurance but wouldn’t because of Obamacare).

      Fast-forwarding five years, the CBO now says that Obamacare’s tally for 2015 will actually be a net increase of just 17 million people (10 million through Medicaid plus 11 million through the Obamacare exchanges minus 4 million who would otherwise have had private insurance but won’t, or don’t, because of Obamacare).

      In other words, Obamacare is now slated to hit only 65 percent of the CBO’s original coverage projection for 2015. …

      …In addition (and just as the CBO originally projected), the bulk of Obamacare’s net coverage gains are coming from dumping people into Medicaid (59 percent of the current projected net increase in 2015), not from getting people enrolled in private insurance (41 percent). Of course, President Obama rarely if ever talks about that aspect of Obamacare — but Republicans should.

      Obamacare is a train wreck.

      Here’s commentary from the link provided in the Weekly Standard article:

      Before Obamacare, Americans had three core concerns with our health-care system, and a victorious alternative needs to offer compelling solutions to all three: the large number of people without insurance; the no-man’s-land plight of those who are uninsured and have expensive pre-existing conditions; and the high cost of care. To a large extent, the solution to all three problems involves fixing what the federal government had already broken even before liberal politicians defied public opinion and rammed Obamacare into law, making things far worse. … the following “three legged” proposal, which borrows extensively from ideas advanced by a wide array of conservative commentators and policymakers, as an alternative to Obamacare’s 2,700 pages of unprecedented federal largess.

      The First Leg: Ending the Unfairness in the Tax Code—by Offering Tax Credits to the Uninsured and Individually Insured

      The Second Leg: Solving the Problem of Expensive Preexisting

      The Third Leg: Lowering Health Costs Across the Board:

      It would be hard not to lower health costs in relation to Obamacare, and the American people know it. Indeed, even before liberals wilfully passed President Obama’s signature legislation into law, the CBO projected that, by 2016, Obamacare would cause the average health insurance premium in the individual market to be 10 to 13 percent higher, per person, than it otherwise would have been. Earlier that same month, the CBO had projected that the 2009 House Republican health-care bill would cause the average health insurance premium in the individual market to be 5 to 8 percent lower, per person, than it otherwise would have been. That’s a 15 to 21-point swing in premiums between the House GOP proposal and Obamacare.

      For families, the projections for Obamacare were even worse. The CBO projected that, by that same year, Obamacare would cause the average family’s premium in the individual market to be 16 percent—and $2,100—higher than it otherwise would have been. Adding in the CBO’s projected savings on the Republican side ($655 at 5 percent, $1,048 at 8 percent), the average American family’s health insurance premium would have been about $3,000 a year lower under the Republican plan than under Obamacare. For the typical American family, that’s a lot of money.

      To be sure, that’s before factoring in Obamacare’s expensive taxpayer-funded subsidies. However, the typical middle-class American would fare much better under the tax credits proposed in this alternative than under the Obamacare subsidies—as those subsidies aren’t remotely geared toward the middle class (see the chart in Part 1).

      The key to lowering health costs is to inject new life into the individual market, which has long labored under a huge government-created disadvantage. …

      Conclusion

      This “three legged” proposal is as intelligibly simple as Obamacare is unintelligibly complex. If conservatives were to advance something along these lines, Americans would get it, and they would embrace it. The vast majority of Americans, and particularly younger Americans and the middle class, would come out far better under this proposal than under Obamacare, even before factoring in how much they would save in taxes—or gain in liberty.

      Anyone interested in reading the details concerning this three legged plan can go here.

  11. Tina says:

    Daily Signal 2013:

    …One recent survey from consultants at Mercer found that half of large employers believe Obamacare will raise health costs by at least 2 percent next year. With the average employer plan costing more than $16,000 per family, even a 2 percent increase amounts to hundreds of dollars in added costs for employers and families every year—for “benefits” they may not have wanted to purchase absent a government order. …

    …odds are that those who previously purchased their own health plan will not be able to keep it. Some experts have predicted that as many as 16 million individuals could fall into this category. Individuals whose insurance has been canceled will have to buy Obamacare-compliant insurance. As a result, they may face substantially higher premiums for insurance coverage that provides a smaller network of doctors and hospitals. …

    …Defenders of the law would argue that these individuals are clear “winners” under Obamacare. But many of these Americans may use taxpayer subsidies to buy insurance coverage they don’t need or want—because the federal government has forced them to, and/or because Washington bureaucrats have taken away their existing plan. What’s more, the nearly $1.8 trillion in spending on exchange plans and for Medicaid will create a significant new burden for future generations of taxpayers….

    …as House Minority Leader Nancy Pelosi (D-CA) famously said in 2011, Democrats “took half a trillion dollars out of Medicare in [Obamacare]” to fund the law’s new entitlements. The Administration’s non-partisan actuary concluded that the law’s unsustainable spending reductions to Medicare could cause 15 percent of hospitals to become unprofitable by 2019, and 40 percent to become unprofitable by 2050—which could have a significant impact on beneficiaries’ access to care.

    Townhall 2014:

    Take the recent Kaiser Health Tracking Poll, a poll conducted by an organization (the Kaiser Family Foundation) entirely sympathetic to Obama and Obamacare. Kaiser found that while just 18 percent of Americans say they have benefited from Obamacare, 30 percent say they have been “negatively affected.”

    Kaiser even asked respondents to identify how specifically they have benefited or been harmed by Obamacare.

    Of those saying they had benefited from Obamacare, 50 percent said they were enjoying an increase in access to health insurance, while 25 percent credited the law with lowering their health care costs.

    But among those who have been harmed by Obamacare, 54 percent said the law increased their health care costs, 9 percent said it decreased their options/choices, and 8 percent said they opposed the individual mandate. Surprisingly, just 6 percent of those claiming they have been harmed by Obamacare cited insurance policy cancellations as the cause.

    Few other polls ask detailed follow up questions like Kaiser does, but recent MSNBC, The Washington Post, and USA Today polls all found that more Americans say Obamacare has had a negative impact on their lives, than say it has had a positive impact.

    NYT 2014:

    About 7.3 million Americans are enrolled in private coverage through the Affordable Care Act marketplaces, and more than 80 percent qualified for federal subsidies to help with the cost of their monthly premiums. But many are still on the hook for deductibles that can top $5,000 for individuals and $10,000 for families — the trade-off, insurers say, for keeping premiums for the marketplace plans relatively low. The result is that some people — no firm data exists on how many — say they hesitate to use their new insurance because of the high out-of-pocket costs.

    CNS News 2015:

    A new Congressional Budget Office (CBO) report says that under the Affordable Care Act, a.k.a. Obamacare, 30 million non-elderly Americans will remain without health insurance in 2022.

    One of the main arguments the Obama administration made for passing the Affordable Care Act was that it would provide coverage for the uninsured.

    Currently, according to CBO, there are 53 million uninsured persons in the United States, including uninsured illegal aliens. The CBO estimates that in 2022–8 years after the Affordable Care Act has been fully implemented–30 million people will remain uninsured.

    A new Congressional Budget Office (CBO) report says that under the Affordable Care Act, a.k.a. Obamacare, 30 million non-elderly Americans will remain without health insurance in 2022.

    One of the main arguments the Obama administration made for passing the Affordable Care Act was that it would provide coverage for the uninsured.

    USC Annenberg:

    Knowing that one in four doctors will reach retirement age in five years is cause for enough concern. Then, there’s the well-documented doctor shortage coming down the pipe simply because not enough new doctors are being trained to meet the needs of the U.S. population. But do impending changes within the medical industry stand to drive doctors into early retirement? There’s evidence to indicate that it will.

    In my previous post, I explained how Electronic Health Records (EHRs) have not materialized as the great panacea that would streamline and improve health care. Doctors have felt the weight of EHRs and are letting people know they are not happy, maybe even unhappy enough to leave the profession. During the Doccupy protest about the implementation of the EPIC EHR in Contra Costa County California’s safety net health system, a mass exodus was reported: “‘Six doctors have left this year,’ said Dr. Keith White, a 22-year pediatrician. ‘We were not ready for EPIC and EPIC was not ready for us,’ White told supervisors. ‘As a result, the providers are struggling to provide safe and effective care for 100,000 citizens of the county, many of whom are very ill. We often feel that we are failing. We are very tired … many doctors have left and all are considering leaving.’” [emphasis mine]

    Was this just one person’s exaggerated viewpoint?

    Apparently not. Deloitte’s 2013 survey of over 20,000 physicians notes 62% say that “it is likely that many physicians will retire earlier than planned in the next one to three years. This perception is fairly uniform among all physicians, irrespective of age, gender, or medical specialty.”

    LA Times 2015:

    inding a doctor who takes Obamacare coverage could be just as frustrating for Californians in 2015 as the health-law expansion enters its second year.

    The state’s largest health insurers are sticking with their often-criticized narrow networks of doctors, and in some cases they are cutting the number of physicians even more, according to a Times analysis of company data. And the state’s insurance exchange, Covered California, still has no comprehensive directory to help consumers match doctors with health plans.

    This comes as insurers prepare to enroll hundreds of thousands of new patients this fall and get 1.2 million Californians to renew their policies under the Affordable Care Act.

    Even as California’s enrollment grows, many patients continue to complain about being offered fewer choices of doctors and having no easy way to find the ones that are available.

    Some consumers have been saddled with huge medical bills after insurers refused to pay for care deemed out of network. These complaints have sparked a state investigation and consumer lawsuits against two big insurers. …

    …Health Net said its cutbacks were necessary to avoid even steeper rate hikes and it’s confident the smaller network will be sufficient. Its separate HMO network is unchanged for 2015 after about 4,000 doctors were added this year.

    The insurer is following the lead of its two rivals Anthem and Blue Shield, which opened last year with sharply limited networks.

    There are fewer insurers now, decreasing competition, and many more regulations, increasing costs. This isn’t an improvement that will help patients or professionals in the field generally.

    As I said, I’m happy some people have benefited. But the same result could have been achieved, maybe a better result , without the disruptions, extra costs, and damage done.

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