Obama Economy Is Making You Poor

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While Barack Obama spends his time running victory laps around the country over the killing of Osama Bin Laden, the American economy is careening toward a dangerous cliff. Royal Weddings, Obama’s multiple birth certificates, and absurd arguments about the NFL lockout dominate the news while daily Americans get poorer.

Obamanomics is a disaster. A greater disaster hasn’t been visited on the United States in our economic history because we are taking no substantial steps toward recovery. The real news, which should be screaming from every television and newspaper isn’t pro Obama, therefore, it is ignored.

Here are the stories on which we should be focusing. The US dollar has slumped to a record low against major currencies. Since we have devastated our manufacturing base over the last two decades, this will result in Americans paying substantially more for goods on the store shelves in retailers from Walmart to Costco.

The outlook for the recovery has diminished to almost zero. If you subtract the impact of inflation, many economists believe we are actually still in a recession. When I talk to my friends and neighbors outside of Washington DC, we unanimously agree we are still in recession.

Here are some statistics which will help you understand the pain. More Americans are on food stamps today than at any other time in history. That’s right—the most in history. The number of persons on food stamps is 44.2 million according a recent report from the U.S. Department of Agriculture.

Those not on food stamps feel a different pain when they buy groceries. We see unbelievably high prices at the grocery store. The cost of living in the U.S. rose at its fastest pace since December 2009 in the 12 months ended in March. Wheat, meat, vegetables and other grains are all surging in price.

But if you don’t have a job, it is hard to shop for groceries.

Bloomberg reported this week, “Applications for jobless benefits jumped by 43,000 to 474,000 in the week ended April 30, the most since August, Labor Department figures showed today.” This is a serious darkening in the employment clouds just as the recovery was supposed to be broadening.

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  • biggershovel

    I think reducing the United States to a second class nation was exactly the idea behind George Soros' agenda, which included included among other things getting Obama into the White House to execute his Marxist/Nazi schemes. This article confirms what I thought all along.

  • conservative4ever

    A "second class nation"? Really, biggershovel? Man, I thought he was trying to take us back to pre-industrial America.
    He's made it perfectly clear from the get-go he doesn't give a rat's behind about the middle class. Regardless of what comes out of his mouth, it's all lies anyway.

  • Supreme_Galooty

    The damage done by this quisling verges on treason. The people who support him – even to this day – are dusgusting examples of excreta to whom I am unwilling to grant the benefit of the doubt. They are as un-American as their arrogant bastard vacationer-in-chief. Bad cess to them all.

  • http://www.fx-exchange.com/ Bowmanave

    If the poor are doing ten miles an hour and the rich 140mph, then they are both moving forward, but the poor are even further behind than they were. The gap has widened, the poor are poorer in comparison to the rich. Your apologia fails.

  • Jim_C

    "the leather loafer wearing crowds in New York City and Washington DC are still swimming in cash"

    Aw, isn't it cute when conservatives try to play the class warfare game? "Those darn elites!!"

    Yep, things are bad. The problem is, what are Republicans going to run on? As Democrats have learned many times, you can't simply run "against."

    • biggershovel

      In 2006 at least 72 members of the Democratic Socialist wing of the Democrat Party ran against the Iraqi war and got themselves elected to congress. So your point that you can't run against something and win is absolute hogwash. And, as for your point that Republicans have nothing to run on, you must be a closet Marxist if you believe THAT. For goodness, sake, Obama's belief that big government is the soluttion to all man's problems was publicly disproved when he sat idle for weeks when that Gulf of Mexico oil spill occurred and he did absolutely nothing at all about it– when he actually could have– (we mustn't upset the labor unions, now, must we?), or there's nine percent employment that is double the rate of unemployment under the Bush administration (which started going up AFTER the Democratic Socialists got elected by running against the Iraqi War), or the phony stimulus package that wasted a nearly a trillion dollars and did absolutely ZERO to take down the high rate of unemployment. How's that for starters? I have about eight-five more exqmples on what the Republicans CAN and SHOULD run on (and not against).

  • pbullock

    What can republicans "run on"? How about governing within the framework of the Constitution? How about enforcing immigration laws?
    How about not bypassing congressional legislation- something the czars have employed to kill American industry. Try these issues for a starter and hope there are enough intelligent, informed, tax paying voters,who will exercise their voting privilage,to extricate the socialist from the WH.

    • Jim_C

      Ah, see, you are making the same mistake democrats have made in previous elections. You are assuming that that is a message that will resonate with voters.

      Constitution/"czars"/socialism are all non-starters in politics, if you understand elections. You'll never make Obama look bad that way. Now, "enforcing immigration laws" has a nice ring–until you realize Republicans never were serious about enforcement–otherwise, illegals' employers would be paying. Republicans will enact feel-good/do-little measures that deliver pork: "fence"-building, profiling, roundups. But they're not interested in dis-incenting illegals–too many businesses depend on them!

  • Steve Chavez

    "When the rich go poor, who will help the poor?" Steve Chavez

  • LindaRivera

    Our financial situation is indeed, very desperate. Warnings of America's financial collapse are constantly given. The dire warnings of America's financial destruction does not trouble Obama and his administration. All of their efforts are concentrated on helping Islam to conquer; prosper financially, and have more than enough money left over to conduct global jihad.

    Human Events
    Obama a Great Benefactor to Al-Qaeda by Tara Servatius:

    One of the first things the U.S.-led coalition did when it invaded Libya in March was to help the radical Islamist led rebels capture the oil fields.Thanks to Obama, they will no longer need to depend on rich Saudi sheiks to fund jihad because they now control oil fields capable of generating $34 billion worth of black gold a year…couldn’t have achieved without the help of US airpower in Libya.

    With billions they’ll eventually reap in profits from the oil each year, they could easily wage a multi-front jihad and have plenty of money left over for a bio weapon to wipe out the entire American East Coast. The thought of what these jihadist thugs could do inside our borders with the kind of money Obama and NATO helped secure for them ought to terrify Americans.

    The Christian Science Monitor reported that al-Qaeda fighters are streaming into Libya to help the Obama-backed rebels. Despite this, the rebels say they are expecting to receive $2 to $3 billion in aid from the U.S., France, and Italy in the coming week.

    Click on above link to read the entire article.

  • LindaRivera

    The Muslim Brotherhood is now the most powerful group in Egypt. Betrayed U.S. ally, Mubarak, was arrested.

    Days ago, a protest of hundreds at Israel's Cairo embassy called for intifada against Israel and annulment of peace,

    Giving HUGE financial rewards to the most radical elements of Islam is wildly popular with this administration. America is bankrupt. The administration doesn't care. Islam is the top priority. It is the only priority.

    US to forgive Egypt $1B debt

    Washington Post reports US also planning aid package with incentives for commerce, investment

    WASHINGTON – The Obama administration is planning to provide Egypt with $1 billion in debt relief, the Washington Post reported Sunday. The funds will go towards resuscitating the state after the recent uprisings and subsequent deposition of President Hosni Mubarak.

    The move is part of a larger aid package.

    The US has already supplied Egypt with $150 million in emergency aid after the uprisings paralyzed its tourism industry.

    In addition, Senators Joe Lieberman, John Kerry, and John McCain are currently promoting a bill to create an Egyptian aid fund the likes of those given to eastern European countries after the fall of the Berlin wall. http://www.ynetnews.com/articles/0,7340,L-4066425

  • Cammi

    Not being able to get a job when a person is willing to work and is qualified goes against the American rationality of pulling yourself of by your bootstraps. This article nicely highlights how badly Americans are doing in this rigged game. The mega rich continue to profit in an environment that has made legal what should be illegal. Bundling, no contract bids, previous deregulation of the financial industry, Medicare Part D have bankrupted this country. The subsidizing and partnerships of corporations by the government will have blow back soon enough.

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