Wednesday, June 13, 2012

Americans Poorer Since Obama's Election

In the last three years, since Socialist President Obama took office,  Americans have lost 39% of median net worth according to a new Federal Reserve Study.   Incomes have declined 8% on average.   Home Values have declined 32%.   In other words, Americans are poorer today than they were before President Obama took office.   Thank You, Mr. President.   A big chunk in this loss of wealth relates to home values, which have declined dramatically and will not increase again until we see a big drop in unemployment.  While Obama inherited a bad economy, his policies have made it much worse. 

Since Obama's election, the poverty rate is up.  25 million Americans are either unemployed, under employed working part time that want full time work, or they have just given up looking for work altogether.  46 million Americans are on Food Stamps, up 26 million during Obama's first three years in office.  9 million Americans are collecting Disability Benefits.   67 million Americans are receiving some kind of government check each month.  Most important, unemployment has been above 8% for more than 40 straight months, even after Obama borrowed and added $5 Trillion to our $16 Trillion National Debts, more than any other President in American history, to fund his SwindleUS Plans that failed to restore economic growth or create jobs. 

No matter what you hear from the Obama propaganda machine, cards talk and numbers don't lie; but Socialists will lie, cheat or steal to stay in office to continue feeding at the trough.  The fact is that Americans are poorer as a result of Obama's failed economic policy.   The numbers tell the story.   All of these numbers tie to jobs, or the lack thereof.  Obamanistas are job killers adding 11,000 new regulations by Executive Order.  

Obama's continued threat to raise taxes is destroying any incentive to invest in America.  Big companies are sitting on $2 Trillion in cash that will not be invested as long as Socialists remain in office.  Small and mid size companies are scared to death of Obamanistas and all their regulations, new taxes and ObamaCare mandates. 

For that reason and many more, we must sweep tax, borrow and spend Socialists, at all levels of government, including President Obama, out of office in 2012 and 2014 to get our country back on track and prevent the bankruptcy of our nation.  We can do it.   We must do it to preserve our freedom, our nation and way of life for the sake of our children and grandchildren.   We have to make Obama a one term President to restore personal wealth in our country for all Americans.   If Obama is reelected it will lead to more poverty, misery and a lower standard of living in the United States.   We can't let that happen.

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