President Obama’s 4th July 4th
Last year on this day, we wrote of America’s past, present and future. While our past may still be in the past, in the last year our present and future have changed.
Last year, we wrote about how President Obama does not seem to share the sentiment of our Founding Fathers and believes that government is the answer to all of life’s problems. This has not changed. But our country is in a different place than it was 366 (leap year) days ago:
- The National debt is now $15.8 trillion, up from $14.3 trillion last year
- $5.2 trillion has been added just since he took office
- President Obama has added more debt in one term than George W. Bush did in two
- National unemployment is 8.2%, down from 9.1% last year (due in part to a record number of Americans dropping out of the workforce)
- Including all those looking for work and those working part-time but looking for full-time employment, the unemployment rate is 14.9%
- Including all those who have given up looking for work, the unemployment rate is over 23%
- Our economy has not recovered all of the jobs lost during the recession
- President Obama claimed that, with his stimulus, the unemployment rate would be 5.6% by now
For the second year in a row, President Obama’s budget received 0 votes. This year, Democrats wouldn’t introduce the President’s budget, and then claimed (when a Republican introduced it) that it was not in fact the President’s budget. This gave them the “cover” they needed to vote against yet another big spending boondoggle.
President Obama has all but given up on trying to tackle the debt and deficit. He has presided over 4 consecutive trillion-dollar deficits. Despite claiming that the first deficit was not his fault, the truth of the matter is that Democrats in Congress waited until Obama was President before passing most of the appropriations bills for that year. That, plus the auto bailouts and stimulus, means that most of that deficit accrued under Obama’s first 8 months in office, and not Bush’s last 4.
As for unemployment, the President continues to recycle his same ideas of increased spending on jobs for his core constituents: unions. Oh, and of course, higher taxes on job creators and entrepreneurs.
Since the Supreme Court upheld Obamacare’s individual mandate as a tax (essentially rewriting the statute), America’s future looks a little more bleak. Who knows what Congress will decide to tax you for next: not buying organic food? Not buying a house? Not donating to the right politicians? The possibilities are now endless.
One thing that is not bleak is the American Spirit. Americans across the country rose up in 2010 to protest the massive expansion of government, and their sentiments have not subsided. Bolstered by the recent undoing of the Constitution, they will continue fighting to uphold the ideals that our country was founded on. And for that, we have much to be thankful for on our nation’s birthday.