The Obama disease takes toll on economy

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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.

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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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That’s rich: Poverty level under Obama breaks 50-year record

Fifty years after President Johnson started a $20 trillion taxpayer-funded war on poverty, the overall percentage of impoverished people in the U.S. has declined only slightly and the poor have lost ground under President Obama.

Aides said Mr. Obama doesn’t plan to commemorate the anniversary Wednesday of Johnson’s speech in 1964, which gave rise to Medicaid, Head Start and a broad range of other federal anti-poverty programs. The president’s only public event Tuesday was a plea for Congress to approve extended benefits for the long-term unemployed, another reminder of the persistent economic troubles during Mr. Obama’s five years in office.

“What I think the American people are really looking for in 2014 is just a little bit of stability,” Mr. Obama said.

Although the president often rails against income inequality in America, his policies have had little impact overall on poverty. A record 47 million Americans receive food stamps, about 13 million more than when he took office.

The poverty rate has stood at 15 percent for three consecutive years, the first time that has happened since the mid-1960s. The poverty rate in 1965 was 17.3 percent; it was 12.5 percent in 2007, before the Great Recession.

About 50 million Americans live below the poverty line, which the federal government defined in 2012 as an annual income of $23,492 for a family of four.

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President Obama’s anti-poverty efforts “are basically to give more people more free stuff,” said Robert Rector, a specialist on welfare and poverty at the conservative Heritage Foundation.

“That’s exactly the opposite of what Johnson said,” Mr. Rector said. “Johnson’s goal was to make people prosperous and self-sufficient.”

The president’s advisers defend his policies by saying they rescued the nation from the deep recession in 2009, saved the auto industry and reduced the jobless rate to 7 percent from a high of 10 percent four years ago.

Gene Sperling, the president’s top economic adviser, said Mr. Obama has pulled as many as 9 million people out of poverty with policies such as extending the earned income tax credit for parents with three or more children and reducing the “marriage penalty.”

“There are things that this president has done that have made a big difference,” Mr. Sperling said Monday.

The White House again is pushing for an increase in the federal minimum wage, this time advocating a Senate bill that would raise the hourly rate to $10.10 from its current $7.25. Mr. Sperling said that action would lift another 6.8 million workers out of poverty.

“It would make them less dependent on government programs. It would not add to the deficit one penny, but it would reward work and reduce poverty,” he said.

The president is expected to use his State of the Union address Jan. 20 to pressure Congress to raise the minimum wage. He made the same pitch a year ago.

Democrats are advocating issues such as unemployment benefits and the minimum wage especially hard this year as the class-warfare rhetoric heats up to frame the congressional midterm elections. House Republican leaders oppose increasing the minimum wage and want unemployment benefits to be paid with savings elsewhere in the budget. Mr. Obama is insisting that the benefits be extended without offsets.

Washington Times: That’s rich: Poverty level under Obama breaks 50-year record

Obama Will Not Call The Invasion of #Ukraine An Invasion Because Gov #Palin was 100% Correct

At yesterday’s tan suit presser, President Obama said a whole lot of nothing. After informing our ISIS enemies that he has no idea what he’s going to do about them – if anything – he turned his attention to Russia. It’s should be obvious to every clear-thinking man, woman, and child that, if over a thousand troops, tanks, and paratroopers drop into a foreign nation, it’s being invaded. Unfortunately, it seems that it’s not obvious to Barack Obama. …Because the word “invasion” has magically disappeared from his vocabulary.

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According to the President, the Russian invasion of Ukraine is not an invasion. It’s either “an aggression,” an “internvention,” or some kind of “ongoing incursion.”

So why can’t Barack Obama bring himself to utter the “I-word?” Most media outlets are looking for a geo-political reason, but you don’t need to work that hard.  If there’s one thing we know about Barack Obama, it’s that – for him – everything is about Barack Obama. The nation, the world, and the very fabric of the known universe revolve around his visage.

So I have a theory about why he’s so reticent to call this an invasion: Sarah Palin.

Back in 2008, Sarah Palin warned the world that, if the United States elected a weak-minded equivocator like Senator Barack Obama as its next President, it would embolden Vladimir Putin and spark an invasion of Ukraine.

As she said at the time:

“After the Russian army invaded the nation of Georgia, Senator Obama’s reaction was one of moral indecision and equivalence, the kind of response that would only encourage Russia’s Putin to invade Ukraine next.”

She was, as you’ll certainly recall, lampooned endlessly for the assertion. This is where the infamous “I can see Russia from my house” bit on SNL came from. Now, it turns out that her prognostication was 100%, dead-on, correct.

Not only did she nail the countries involved, but she also stuck the landing by predicting the reason. Putin doesn’t care what the rest of the world thinks, and he has no reason to concern himself with Obama, because Obama has projected nothing but abject weakness.

Sarah Palin was “right” with a specificity rarely seen in politics and the left spent six years mocking her mercilessly for it.

To admit that the “stupidest woman on the face of the Earth” was correct all along would not only be an embarrassment, it would be anathema to every single thing for which the modern Democrat party stands: namely ego, arrogance, and agenda. For them, Palin is public enemy number one. She is the embodiment of everything they despise and a six-year focal point for their unhinged rage.

She can NEVER be allowed to be proven right. She said Putin would invade Ukraine, so there is no invasion of Ukraine.

Is it petty? Yes. Is it a childish? Sure. Is it everything we’ve come to expect from the petty man currently occupying the Oval Office?

“You betcha!”

Canada Free Press: Sarah Palin predicted a weak Obama would enable the ‘invasion’ of Ukraine