A
recent letter to the editor of our local newspaper by a lady named Nancy Theodore urged all to “stick
to the facts.” I couldn't agree more. Unfortunately, Ms. Theodore
does not practice what she preaches. Her letter was full of unfounded
assumptions and selective statistics that distort the truth. Let's
just take the numbers she uses to prove that President Obama's
economy has been a success.
First,
the drop from 18% to 11.4% in the rate of Americans without health
insurance is completely misleading. Most of that drop comes from
placing millions more people on Medicaid. Even more relevant is the
fact that ObamaCare has failed miserably to meet its enrollment
targets for young people, even under the threat of fines for not
doing so. The result: enormous increases in deductibles and premiums
for ObamaCare enrollees. Ms. Theodore's wishful thinking will not
alter the fact that a majority of Americans think ObamaCare is a
disaster.
Second,
the drop in the unemployment rate that Ms. Theodore cites is no
measure of a economic health, not when we consider that the U.S. now
has the lowest job participation rate since Jimmy Carter's
administration. That's not because fewer people are on unemployment,
but because so many have stopped looking for jobs that don't exist.
The jobs created under the Obama administration are far fewer than
needed to replace the jobs lost due to Obama's destructive economic
policies.
Third,
it's true that budget deficits have come down, but only compared to
the trillion dollar deficits in the early Obama years. The fact is
that the country's debt is now over $19 trillion and still growing by
hundreds of billions of dollars each year.
Fourth,
the 2% growth in the GDP under President Obama has been anemic.
Worse, it was 0.7% in the last quarter of 2015. A comparison to the
negative GDP growth that occurred when the housing crisis (not Bush)
caused the latest recession is frankly dishonest. A much more valid
comparison is to the 4% recession recovery rate under President
Reagan or the 3.5% average rate since WW II.
Ms.
Theodore would like us to believe that President Obama's liberal
agenda has been a success. The facts show just the opposite.
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