‘Are You Better Off Than You Were Four Years Ago?’
by Adam SparksRonald Reagan’s poignant question to then President Jimmy Carter during a debate in 1980 clinched the presidential election. Carter presided over one of the worst economies. The economy had tanked and inflation had skyrocketed. Additionally, Iranian radicals had held 52 Americans hostage for almost a year. But that’s nothing compared to our nation’s economic malaise brought to you courtesy of Obama’s presidency.
Compared to the current economy, Carter was presiding over a picnic.
The first political ad for Obama’s 2012 re-election campaign was just released. It’s a pre-emptive measure. It’s also a powerful ad that will now set a new standard for the GOP.
Skyrocketing Debt.The national debt doubled from $5 trillion to $10 trillion on Bush’s watch. This was outrageous. This increase in national debt additionally increases interest payments to the bond holders. Americans must then pay the extra taxes just to satisfy the increased interest payments to satisfy those bond holders. In fairness, much of the increased debt was associated with 9/11 and the wars in both Iraq and Afghanistan, both of which, at the outset, had bi-partisan congressional approval. Even so, there were critics of Bush from those fiscally responsible players on the left, “We pay in interest four times more than we spend on education and four times what it will cost to cover 10 million children with health insurance for five years,” Pelosi sternly warned in 2007. “That’s fiscal irresponsibility.”
Obama, by comparison, went into an absolute spending frenzy and increased the debt to an unsustainable and new historical record. Pelosi, the left and their media echo are all silent. Obama maintained Bush’s wars and even started his own new and unpopular war in Libya. He did this without congressional approval or even consultation. More silence.







Subscribe via RSS
Got a Tip?