January 01, 2017 | by Arthur Seaton
“We are five days away from fundamentally transforming the United States of America.”
No one knew how prophetic those words were when then-candidate Barack Obama spoke them on October 30, 2008. Now, after 8 years as president, Obama has transformed the very way many Americans live their lives. But in too many cases, that transformation has been for the worse.
When President Obama took office, the national debt stood at just over $9 trillion. After 8 years in the White House, the national debt stands at $19.5 trillion.
Obama’s biggest domestic policy achievement was the Affordable Care Act, which transformed the free market health care industry into a European style socialist system. Obama and Democrats promised that people could keep their doctor, it would lower premiums, subsidies for those who couldn’t afford it and other incentives. Democrats in Congress pushed the health care through with no debate, with Rep. Nancy Pelosi,(D-Ca.) saying ““We have to pass the [health care] bill so that you can find out what’s in it….”.
For the first time in American history, the American people were being told they had to buy a product or they would be breaking the law.
Since then, reality has set in for millions of Americans, with premiums skyrocketing, people losing their doctors and those who received subsidies finding they owe income taxes for the first time because the subsidies weren’t calculated correctly. Millions are unable to afford health care insurance and are finding that it’s cheaper to pay the fine for not having health insurance than to pay the premiums.
In an interview with the San Francisco Chronicle editorial board in January 2008, Obama said, “If somebody wants to build a coal-fired power plant, they can. It’s just that it will bankrupt them,” He later added, “Under my plan … electricity rates would necessarily skyrocket.” His future Energy Secretary, Steven Chu wanted to “figure out how to boost the price of gasoline to the levels in Europe.”
Since then, hundreds of thousands of coal miners and their support structures such as stores and suppliers have lost their jobs. Whole towns have disappeared. More and more people are finding it nearly impossible to pay their energy bills, such as electricity and fuel. Because the cost of fuel has increased, the higher cost of transporting goods is being passed on to the consumer.
Obama’s environmental policies have cost tens of thousands of jobs with no end in sight, and Obama is not the least bit worried about the economic hardship that’s putting on the average family.
The official unemployment rate according to the Labor Department is 4.6%. The number of people participating in the labor force is only 62.8%, which is historically low. Every month, more people are dropped from the unemployment count, either because they are no longer eligible for benefits, or they simply give up looking for work. The real number of unemployed workers is nearly 10%.
80% of all new jobs created have been part-time or temporary, meaning that a breadwinner has to hold two or three jobs just to make ends meet. The economy has been nearly stagnant, growing at a snails pace of 1.5%. In a normal recovery, salaries increase as the economy strengthens, instead salaries have actually gone down and workers are making less than what they were before Obama’s stimulus plan and his much vaunted recovery.
While Obama is touting his economic successes and job creations, the number of Americans getting food stamps has skyrocketed to 47 million, or almost 15% of the U.S. population. Other government programs have had increases in the past 8 years. In short, the recovery that the Obama administration is so proud of has done little to help the average family keep it’s head above water.
Obama kept his promise to “fundamentally transform the United States of America.” The American people are paying dearly for that transformation.