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The unprecedented increase in unemployment has no doubt effected every U.S. citizen in one way shape or form. If you have not been laid off, then chances are you are close to someone who has been. You probably even have one or more within your family that has been let go in the past year. It touches the heart to hear of loved ones losing so much and then struggling month after month to find a way to replace the lost income. But who has been hurt the most throughout this financial recession? Believe it or not, it is the majority of those who voted Barack Obama into the Presidency, it is the Democrats and Independents.
Back in January of this year, when the unemployment rate was at 7.6%, many blamed President Bush for the unemployment disaster. And while he did play his own part in allowing the first stimulus package and the buy out of many banks, it was made dramatically worse by President Obama. Obama did not allow the economy to simply heal on its own, he pushed to further the national debt, crippling the U.S. dollar, and all the while convincing many Americans that it was the proper course of action to stimulate the economy.
President Obama and the mainstream media has since then lied numerous times telling the public the economy is growing, that unemployment rates are improving, and that we are going in the “right” direction. This could not be further than from the truth. And yet, his loyal followers, who are taking the brunt of the economic crisis, still listen and believe with unemployment now at a staggering 10.2%.
Why is it that those who are suffering the most from this situation continue unfailing support of the Obama administration? Is it that so many have grown so dependent on the government that they are still encouraged by the empty promises of Obama? Perhaps it’s the vainess of sticking beside one’s own race without question? Or maybe it is like rooting for your favorite football team, no matter what you will go with your political party for better or for worse. Many Americans regardless of social standing do not like to admit when they have made a mistake. What ever the case is, I think it can be all of the above. Sadly, according to Rasmussen Reports it is Obama’s supporters, the Democrats and the minority population, that are being hit the hardest by unemployment.
The data collected by the Rasmussen Reports national telephone survey states:
“Data from Rasmussen Reports national telephone surveys shows that 15.0% of Democrats in the workforce are currently unemployed and looking for a job. Among adults not affiliated with either major party, that number is 15.6% while just 9.9% of Republicans are in the same situation.”
How do I know who supported Obama the most? As reported by BBC News on exit polls in their article Who Voted For Obama, he had the most support from first time voters, young voters, Democrats, and minority groups. And ironically, 62% of those who voted for Barack Obama cited that the economy was their main factor. Since his appointment to office, it has only worsened and regressed at a rate that no one ever thought possible.
What has our President that promised so much hope and change done to improve our economic woes? Why, he has made them far more and far worse. If you were in deep financial debt would you try to get out by spending more money? No, of course not. You would hunker down and take out the frivolous things in your life to make up the difference while paying back what you owe little by little. Yet, this administration instead took it upon themselves to spend not only our money, but our children and our grandchildren’s money, in the hopes of stimulating an economy that had already been overspent.
Those who were in financial trouble would have been better off to slip into bankruptcy and to lose a few jobs rather than to become slaves to the federal government who bought out their stocks to “save” them. No company is too big to fail. Instead, the deeds of the Obama administration has bankrupted the entire nation and left us in debt to other countries. In the meantime, those who provide the unshaken support of our President suffer the hardest in false hope that he will somehow rescue them by paying their gas and mortgage. Is the Democrat party so hungry for power that they are willing to make more people dependent on the government in supplying their every need like with this healthcare bill, giving them the power over our very health and well-being? It will spiral America into more economic hardship and leave us at the mercy of the country with the greatest stock in America (a.k.a. China). In a once Republic nation that is now resembling a socialist/communist country, how ironic that we look to China for support at this time. (Why else did you think Obama is spending so much time over there?)
We hear little on the news now of the declining economy here in the United States, in fact, we hear that the Stimulus has gone as planned. We hear that the economy is slowly picking up again and that consumer spending is growing. But how can this be when the jobs are being lost at record rates, homes are still being lost, and government is still trying to “spend” it’s way out of a recession? It’s not true, that’s how. And the whole world can see it, and they can see that the tactics of the Obama administration are only making matters worse.
Click here to read a very eye opening article about the current economy of the United States of America.
More US Economic News:
For many more months than most of us have bothered to keep track we have been in what most would call a recession. I have been blessed enough to feel little of this, but have many friends and neighbors who have lost jobs and homes. President Bush got the ball rolling by passing the first stimulus package and then President Obama passed a much more dramatic package sending America into the greatest amount of debt this country has ever seen.
Here is my question to you; is the economy “heading in the right direction” as stated by President Obama, or is it getting worse as the polls and news seem to point? My personal opinion is that with the amount of spending done it can only get worse. The jobs that were created by the stimulus package were very short term and are not enough to sustain any type of growth. I think it should have been left alone by Bush and Obama to work itself out. The first link is a speech that Obama gave regarding the economy approximately a month ago. The links following that are just a fraction of the most recent headlines that show just what direction the economy is really headed.