Tag Archives: Worst President Ever

Worst president ever leaves Trump a looming economic crisis

Is Barack Obama focused on protecting the American people?
Is Barack Obama focused on protecting the American people?

Consider this article from the Wall Street Journal, which discusses the latest CBO (Congressional Budget Office) report.

Massive budget deficits:

One lesson is that the days of easy deficit reduction are over. The annual deficit in 2016 rose for the first time in three years—by $148 billion to $587 billion. That’s 3.2% of GDP, up sharply from 2.5% last year. Mr. Obama has been able to ride falling defense spending from reduced military deployments overseas, but Pentagon outlays were flat in 2016. Military spending will probably have to increase in future years, no matter who wins Tuesday, to meet the growing challenges from Russia, China and Iran.

Looming entitlement crisis:

Mr. Obama will also leave town having failed over eight years to do anything to slow the booming burden of Social Security, Medicare and Medicaid. Outlays for those three programs grew by $75 billion last year, or about 4.2%. They now account for 10% of the entire U.S. economy, the highest level ever, and rising.

More spending on welfare programs:

The President’s main contribution has been to put Medicaid on hyperspeed by expanding its coverage through ObamaCare. CBO’s budget gnomes report that Medicaid spending has climbed by nearly 40% in a mere three years—to $368 billion in 2016. That doesn’t include what the states are obliged to chip in.

Higher taxes and more regulations (e.g. – Dodd-Frank) killed economic growth:

Another lesson is that faster economic growth is essential to a healthier fisc. One reason for the deficit rebound in 2016 is that federal revenues increased by a mere $18 billion or less than 1%. Individual income-tax receipts were flat, while corporate income taxes fell by $44 billion or 13% as business profits sagged. This is what happens when the economy sputters at about a 1% growth rate for most of a year.

Massive spending:

Growth that slow couldn’t keep up with spending that increased 4.5% or $166 billion in 2016. Federal outlays were 20.9% of the economy for the year, up from 20.4% in 2014. A Republican Congress has kept that figure down from the heights of the Obama-Nancy Pelosi stimulus, but it is now set to take off again as more Baby Boomers start collecting Social Security and Medicare. (Millennials, get ready to pay even higher taxes throughout your working life.)

Looming crisis caused by rising interest rates:

This era may be ending as a new President takes office. The Fed may raise rates in December, and bond yields have been rising. Outlays for net interest on the debt increased by $23 billion or 9% in 2016, largely due to faster inflation. But inflation is still tame. If it begins to rise, the debt-financing burden will explode with more than $14 trillion of Treasury debt outstanding, much of it short-term. In January CBO said that if interest rates are 100 basis points above their projections each year for the next decade, the Treasury will have to pay an average of more than $160 billion per year.

And it’s not just fiscal matters. Investors Business Daily adds to the list of problems that Obama will pass on to Trump.

Low wages, high unemployment:

Obama, like every Democrat running for office, claimed to be the champion of the middle class, and that instead of “trickle down” economics, he’d growth the economy from the “middle out.” Instead, middle class wages stagnated throughout Obama’s term in office, with real median household income today exactly where it was when Obama took office.

And despite Obama’s constant bragging about the “longest” stretch of private sector job growth, the 15.5 million private sector jobs added since February 2010 hasn’t even kept pace with population growth — which climbed 17.5 million over that time. As a result, more than 14 million people have dropped out of the labor force since Obama took office. In fact, without the huge decline in labor force participation under Obama, the unemployment rate would be more like 10%, rather than the official 4.9%.

Higher health care costs and more health care regulations on businesses:

ObamaCare was supposed to be Obama’s grand legacy, showing how government could be a force for good. Instead, it’s become an epic failure that will have to dealt with by the next president. The reforms Obama said would repair a “broken” health system have themselves broken it. Premiums in the newly government-run individual market are up an average 22% nationwide, and at rates of 50%, 60%, even 113% in some states — increases unheard of before ObamaCare. Insurance markets that were once vibrantly competitive are now dominated by one or two carriers. ObamaCare has made Medicaid, an already terrible health program, worse by dumping millions more into it. ObamaCare’s taxes, mandates, and regulations are suffocating businesses.

Foreign policy disasters:

A list of Obama’s foreign policy failures would fill a volume, but here are just a few: Obama in 2011 prematurely removed troops from Iraq, creating a power vacuum later filled by ISIS; he let Iran’s covert nuclear weapons program continue, starting a nuclear arms race in the Mideast; after Obama called ISIS a “jayvee team,” it grew in clout and territory as a result of Obama’s neglect; Obama’s intervention in Libya during that country’s civil war led to the country becoming a terrorist haven, with no real government; he and Hillary Clinton pushed the “reset button” with Russia’s Vladimir Putin, and Russia launched hostile actions against its neighbors in Crimea and Ukraine, and threats to the Baltic states; Obama has signaled ambivalence over protecting traditional allies in Asia, leading to China arming up and bullying it neighbors. With massive defense cuts Obama put in place, it’s safe to say the U.S. hasn’t been this weak since the nadir of the Carter years.

This is not even to mention the $1.3 trillion dollar student loan bubble:

Federal student loans skyrocketed under Obama
Federal student loans skyrocketed under Obama

And yet another Democrat-caused mortgage lending crisis:

Another Democrat-caused mortgage lending crisis
Another Democrat-caused mortgage lending crisis is on the horizon

Democrats are always in favor of making it easy for people to borrow money, and leaving taxpayers on the hook to cover it. Are there enough people working to cover these debts? Has Obama been focused on helping to lower taxes and reduce regulations for job creators, so they can create new jobs? How will the millennials respond to being forced to pay for all the debt incurred by the man they voted for?

Did the most unqualified president ever really have a “scandal-free” administration?

Obama claims that his administration has been free of major scandals
Obama claims that his administration has been free of major scandals

When Barack Obama was running for office, he promised to deliver a high degree of integrity and transparency. His teleprompter told him that he was going to be free of corruption and lawlessness, and he dutifully read those words out to his adoring fans. But after 8 years of Obama rule, does reality match his self-congratulating rhetoric?

Consider this article from the Daily Wire.

It lists 11 scandals that occurred during Obama reign of error:

  1. Operation Fast and Furious
  2. Benghazi
  3. The IRS targeted conservative organizations
  4. The DOJ seized Associated Press phone records as well as phone and email records from Fox News reporter James Rosen
  5. The NSA conducted mass surveillance against American citizens without a warrant
  6. The Obama administration paid ransom to Iran for hostages, and lied to the American people about it
  7. Hillary’s email scandal
  8. The Environmental Protection Agency poisoned a Colorado river
  9. The EPA also broke federal law in promoting a regulation
  10. The GSA scandal
  11. The Secret Service scandal

Surprisingly, Obamacare is not mentioned, even though Obama knowingly lied to the American people over and over about the true intentions and effects of the law – intentions and effects that are now understood by Americans who are being driven into bankruptcy by the law. The massive stimulus grants to Obama bundlers for “green energy” corporations that later went bankrupt are not mentioned. Giving green cards to refugees from Islamic countries without doing the proper background checks who then went on to kill Americans in terrorist attacks, (e.g. – Orlando, San Bernadino), is not mentioned. And of course the Democrat fascination with illegal immigration caused them to catch and release illegal immigrants who went on to commit crimes, including the murder of Kate Steinle. A lot more could be added to the list.

I think numbers 3 and 4 from the Daily Wire list above really show the character of the Obama administration: (links removed)

3. The IRS targeted conservative organizations. In 2013, Lois Lerner, who directed the Internal Revenue Service’s Exempt Organizations Unit, admitted that Tea Party organizations were targeted under the agency, but blamed it on lower-level employees. Such organizations were heavily scrutinized with invasive questions. Since then, Lerner and IRS commissioner John Koskinen have denied any wrongdoing and have stonewalled congressional efforts to investigate the matter, citing computer crashes for being unable to turn over related emails.

Meanwhile, a federal court concluded in August that conservative groups might still be facing targeted scrutiny from the IRS. It has also been reported that the Department of Justice (DOJ) knew about the IRS’s targeting of conservative groups as early as 2011.

4. The DOJ seized Associated Press phone records as well as phone and email records from Fox News reporter James Rosen. In the AP’s case, the DOJ was investigating a story involving “a CIA operation in Yemen that foiled an al-Qaeda plot in the spring of 2012 to set off a bomb on an airplane headed to the United States,” according to the Washington Post. The DOJ seized two months of phone records from the AP without informing the news outlet.

“There can be no possible justification for such an overbroad collection of the telephone communications of The Associated Press and its reporters,” Gary Pruitt, president of the AP wrote to Holder at the time. “These records potentially reveal communications with confidential sources across all of the newsgathering activities undertaken by the AP during a two-month period, provide a road map to AP’s newsgathering operations, and disclose information about AP’s activities and operations that the government has no conceivable right to know.”

In the Rosen case, the DOJ was investigating a story Rosen did involving North Korea and tracked “his movements and conversations,” according to Fox News, including phone numbers belonging to Rosen’s parents. The DOJ had listed Rosen as a “co-conspirator” under the Espionage Act in regards to the story—allegedly pressing a source for classified information. Rosen was never charged with a crime.

Fox News executive Michael Clemente called the DOJ’s actions against Rosen “downright chilling.” “We will unequivocally defend [Rosen’s] right to operate as a member of what up until now has always been a free press,” Clemente said in a statement, per the Washington Post.

Basically, Obama has been running the United States like a little Banana Republic, similar to his atheist Marxist buddies Chavez (Venezuela) and Castro (Cuba). He has no respect from laws, and just used government as a weapon to attack his enemies. He truly was the first person to be president who knew nothing about the rule of law or the Constitution.  But when I raise these concerns to Democrat voters, they have no idea what I am talking about.

One of the reasons why Obama’s supporters are able to believe that he had a scandal-free administration is because they do very little critical thinking themselves, but merely rely on the words of the leftist mainstream media to tell them what reality is. Democrat voters literally have no idea about the fiscal situation and the foreign policy situation that Obama is leaving Trump, because they watch TV, and TV doesn’t tell them anything that is critical of Obama. I know that it is fun for leftists to tune in Jon Stewart and Bill Maher and think that they are informed about the world, but they really are not informed. They live in a bubble – a safe space where they only hear voices that agree with them, and voices that tell them how smart and special they are compared to those imbeciles who disagree with them. Feelings, not facts. That’s the Democrat way.

Worst president ever leaves Trump a looming economic crisis

Is Barack Obama focused on protecting the American people?
Is Barack Obama focused on protecting the American people?

Consider this article from the Wall Street Journal, which discusses the latest CBO (Congressional Budget Office) report.

Massive budget deficits:

One lesson is that the days of easy deficit reduction are over. The annual deficit in 2016 rose for the first time in three years—by $148 billion to $587 billion. That’s 3.2% of GDP, up sharply from 2.5% last year. Mr. Obama has been able to ride falling defense spending from reduced military deployments overseas, but Pentagon outlays were flat in 2016. Military spending will probably have to increase in future years, no matter who wins Tuesday, to meet the growing challenges from Russia, China and Iran.

Looming entitlement crisis:

Mr. Obama will also leave town having failed over eight years to do anything to slow the booming burden of Social Security, Medicare and Medicaid. Outlays for those three programs grew by $75 billion last year, or about 4.2%. They now account for 10% of the entire U.S. economy, the highest level ever, and rising.

More spending on welfare programs:

The President’s main contribution has been to put Medicaid on hyperspeed by expanding its coverage through ObamaCare. CBO’s budget gnomes report that Medicaid spending has climbed by nearly 40% in a mere three years—to $368 billion in 2016. That doesn’t include what the states are obliged to chip in.

Higher taxes and more regulations (e.g. – Dodd-Frank) killed economic growth:

Another lesson is that faster economic growth is essential to a healthier fisc. One reason for the deficit rebound in 2016 is that federal revenues increased by a mere $18 billion or less than 1%. Individual income-tax receipts were flat, while corporate income taxes fell by $44 billion or 13% as business profits sagged. This is what happens when the economy sputters at about a 1% growth rate for most of a year.

Massive spending:

Growth that slow couldn’t keep up with spending that increased 4.5% or $166 billion in 2016. Federal outlays were 20.9% of the economy for the year, up from 20.4% in 2014. A Republican Congress has kept that figure down from the heights of the Obama-Nancy Pelosi stimulus, but it is now set to take off again as more Baby Boomers start collecting Social Security and Medicare. (Millennials, get ready to pay even higher taxes throughout your working life.)

Looming crisis caused by rising interest rates:

This era may be ending as a new President takes office. The Fed may raise rates in December, and bond yields have been rising. Outlays for net interest on the debt increased by $23 billion or 9% in 2016, largely due to faster inflation. But inflation is still tame. If it begins to rise, the debt-financing burden will explode with more than $14 trillion of Treasury debt outstanding, much of it short-term. In January CBO said that if interest rates are 100 basis points above their projections each year for the next decade, the Treasury will have to pay an average of more than $160 billion per year.

And it’s not just fiscal matters. Investors Business Daily adds to the list of problems that Obama will pass on to Trump.

Low wages, high unemployment:

Obama, like every Democrat running for office, claimed to be the champion of the middle class, and that instead of “trickle down” economics, he’d growth the economy from the “middle out.” Instead, middle class wages stagnated throughout Obama’s term in office, with real median household income today exactly where it was when Obama took office.

And despite Obama’s constant bragging about the “longest” stretch of private sector job growth, the 15.5 million private sector jobs added since February 2010 hasn’t even kept pace with population growth — which climbed 17.5 million over that time. As a result, more than 14 million people have dropped out of the labor force since Obama took office. In fact, without the huge decline in labor force participation under Obama, the unemployment rate would be more like 10%, rather than the official 4.9%.

Higher health care costs and more health care regulations on businesses:

ObamaCare was supposed to be Obama’s grand legacy, showing how government could be a force for good. Instead, it’s become an epic failure that will have to dealt with by the next president. The reforms Obama said would repair a “broken” health system have themselves broken it. Premiums in the newly government-run individual market are up an average 22% nationwide, and at rates of 50%, 60%, even 113% in some states — increases unheard of before ObamaCare. Insurance markets that were once vibrantly competitive are now dominated by one or two carriers. ObamaCare has made Medicaid, an already terrible health program, worse by dumping millions more into it. ObamaCare’s taxes, mandates, and regulations are suffocating businesses.

Foreign policy disasters:

A list of Obama’s foreign policy failures would fill a volume, but here are just a few: Obama in 2011 prematurely removed troops from Iraq, creating a power vacuum later filled by ISIS; he let Iran’s covert nuclear weapons program continue, starting a nuclear arms race in the Mideast; after Obama called ISIS a “jayvee team,” it grew in clout and territory as a result of Obama’s neglect; Obama’s intervention in Libya during that country’s civil war led to the country becoming a terrorist haven, with no real government; he and Hillary Clinton pushed the “reset button” with Russia’s Vladimir Putin, and Russia launched hostile actions against its neighbors in Crimea and Ukraine, and threats to the Baltic states; Obama has signaled ambivalence over protecting traditional allies in Asia, leading to China arming up and bullying it neighbors. With massive defense cuts Obama put in place, it’s safe to say the U.S. hasn’t been this weak since the nadir of the Carter years.

This is not even to mention the $1.3 trillion dollar student loan bubble:

Federal student loans skyrocketed under Obama
Federal student loans skyrocketed under Obama

And yet another Democrat-caused mortgage lending crisis:

Another Democrat-caused mortgage lending crisis
Another Democrat-caused mortgage lending crisis is on the horizon

Democrats are always in favor of making it easy for people to borrow money, and leaving taxpayers on the hook to cover it. Are there enough people working to cover these debts? Has Obama been focused on helping to lower taxes and reduce regulations for job creators, so they can create new jobs? How will the millennials respond to being forced to pay for all the debt incurred by the man they voted for?