Ronald Reagan’s famous question that sank Jimmy Carter in 1980 — “Are you better off than you were four years ago?” — could be reprised to measure the performance of Barack Obama and the Democrats. The latest figures from the Census Bureau and Federal Reserve suggest the answer would be an emphatic “no.”
In 2008, Mr. Obama’s message of hope and change resonated with the promise of “policies that invest in our middle-class, create new jobs, and grow this economy from the bottom up so that everyone has a chance to succeed.” Audiences cheered, but now with the knowledge from experience, the question becomes, has that investment paid off?
A new Federal Reserve study finds the median net worth of families last year fell to its lowest level since 1992, after adjusting for inflation. For most families, this means that the work of two decades of economic struggle has vanished. The dollar figure on the paycheck is higher, but dollars don’t buy nearly as much as they did.
By this measure, the presiding generation is less well-off than the one that preceded it. This is not a surprise to parents who find their dreams of peace in an “empty nest” dashed when their children return from college, unable to find jobs.
Stimulus and “investment” were supposed to reinvigorate the economy. Government spending would create jobs and rescue Americans from the grim clutch of poverty. Census Bureau statistics released Tuesday show 45.3 million Americans living below the poverty level as measured by the government. That’s almost 10 million more living in poverty than in 1992.
While the population is larger, the poverty rate is identical — 14.5 percent. It’s as likely that someone is poor today as in 1992, or in 1962. Mr. Obama’s economic policies have achieved nothing, but worse, the entire 50-year Democratic “war on poverty” has made no discernible impact on poverty.
Washington Times: The Obama disease takes toll on economy
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TRIPOLI, Libya – An Islamist-allied militia group says it has “secured” a U.S. Embassy compound in Libya’s capital, more than a month after American personnel evacuated from the country over ongoing fighting.
An Associated Press journalist walked through the compound Sunday after the Dawn of Libya, an umbrella group for Islamist militias, invited onlookers inside. Windows at the compound had been broken, but it appeared most of the equipment there remained untouched.
A commander for the Dawn of Libya group said his forces had entered and been in control of the compound since last week.
A video posted online showed men playing in a pool at the compound. In a message on Twitter, U.S. Ambassador to Libya Safira Deborah said the video appeared to have been shot in at the embassy’s residential annex.
Fox News / AP: Islamists have ‘Secured’ US Emabassy In Tripoli, Libya
Larry Klayman, the founder of Judicial Watch and now Freedom Watch, and a former U.S. Department of Justice prosecutor who helped break up AT&T, today announced that he and other plaintiffs have filed a civil lawsuit in federal court in D.C. (Case no. 14-1484) under the Racketeer Influenced and Corrupt Organizations Act “RICO” for criminal acts by President Barack Hussein Obama, Secretary of State John Kerry, former Secretary of State Hillary Clinton, and the U.N. Secretary General for laundering U.S. dollars to the terrorist organization HAMAS. This money has been foreseeably used to buy rockets and construct tunnels to attack Israel and terrorize and kill American and dual American-Israeli citizens who reside or are located in Israel.
As set forth in the complaint, which can be viewed at http://www.freedomwatchusa.org, the defendants have conspired to send money, that is hundreds of millions of U.S. Dollars to HAMAS, under the false pretext that this financial support will be used for humanitarian purposes. However, as recently reported by Voice of America and the New York Times, the recent killing of the chief HAMAS financial officer by the IDF confirmed that these U.S. dollars, only some of which was found in his bombed out car, has predictably fallen into the hands of HAMAS’s terrorist wing which controls and was elected by Gazans to govern over them.
Larry Klayman, the lead plaintiff had this to say upon filing suit: “The nation and the world have increasingly come to see that Obama views himself primarily as a Muslim and acts accordingly in favoring Islamic interests over Judeo-Christian ones, and the complaint lays out Obama’s history in documented detail. This includes his actions calculated to harm the nation of Israel. His facilitating and ordering financial and other material aid to HAMAS, along with his equally anti-Israel Secretaries of State Kerry and Clinton, and the U.N. Secretary General, is just the latest deadly chapter in what amounts to criminal activity which has logically resulted in harm and death to Jews and Christians and threatens the continued existence of Israel. That is why he and the other defendants were sued under RICO and other relevant laws.”
For more information, contact Freedom Watch at (424) 274-2579 or firstname.lastname@example.org
Freedom Watch: Obama, Kerry, Hillary & UN Sec General Sued For Racketeering In Funding Hamas To Annihilate Israel