Why You Should Vote For Obama

Its true the economy has been bad for 5 years now; the improvements seem unnoticeable, the unemployment and longterm unemployment rates are staggering and painful. Obama seems a bit distant, aloof and like he doesnt have a sense of urgency with job creation and the anxiety many Americans feel; the unemployed ones being anxious about never finding a job, the employed ones anxious about being laid off. Many say Obama had 4 years to fix this and he didn’t, so why am I now endorsing Obama? Many many reasons:

  • What Obama walked into was a financial crisis, a housing crisis and a recession. Most recessions have played out in similar ways, downturn then upturn, or a V-shaped recovery. A financial crisis is an entirely different animal; in economic study after study the facts prove that recovery from a financial meltdown is very much what we are feeling right now. Its more L shaped; its a much longer road back to full employment than a normal recovery. The GOP would have you believe that Obama is to blame for the weak economy, that is not the case.
  • The 2009 Stimulus plan Obama put in place kept the unemployment rate from going to 15% and staying there for years; this stimulus was essential for creating 5.2 million new jobs. The Auto bailout and bankruptcy has produced a thriving auto industry in America once again. I believe the liquidation of GM would have had far worse consequences on the American psyche than Lehman Brothers did. The problem with the stimulus is that it was too small, as most economists predicted at the time it should have been twice or 3 times the size. Obama could not get that passed because the GOP blocked him and many of the Dems were Blue Dog Dems that vote like GOP.
  • Health Care ACA – Obama was the first president in history to pass a healthcare plan. We are the richest country on earth and should have healthcare for all. This bill might not be perfect but its time for the GOP to stop acting like spoiled children and to help work on the bill to make it better. Romney wants to repeal this bill and replace it with nothing. He said poor people can call an ambulance and go to the ER. This is not leadership.
  • Surviving the scorched earth policy of the GOP. The GOP decided to stop Obama at all costs; even as the country was going towards another Great Depression the GOP was obstructing every bill, idea, proposal from the President. To me this is treasonous behavior and should be investigated and punished by jail time; anyone who votes against the best interests of this Country should be jailed. Even with all of this Obama was able to get things done.
  • President Obama has sought equal rights for all, including endorsing same sex marriage and trying to end the discrimination gay people suffer through. He has appointed more diverse candidates to the Supreme Court; 2 women, one being Latino. Its of the utmost importance to have differing points of view on the court as the appointees will be there for decades.
  • Militarily Obama has been brilliant. He reopened the hunt for bin Laden; took a huge risk in making the order to have boots on the ground to take bin Laden out. If this mission failed his presidency could have been ruined. He reset the war to focus on al Qaeda, chopped off its head and also took out many senior level members of the group across the globe. His use of drones has been extremely successful. He ended the Iraq war, he has set an end date for the war in Afghanistan. He has also brought honor back to the United States after Bush alienated so many of our allies. He has built coalitions and has the world behind us in working with Iran and many other issues.
  • Economic growth is far better than it was. As we know he walked into office with 800,000 jobs being lost per month and a GDP falling at an astonishing rate 0f 9%; conditions like this not seen since the Great Depression. Since that time we have seen 44 consecutive months of job creation; we have not fallen back into recession, housing is coming back, manufacturing is coming back. Two prominent economists, one from Harvard the other from the IMF have stated that Obama has laid the ground work for a more robust economy over the next 4 years. It would be horrible to see Mitt Romney in the Oval taking credit for Obama’s work.

These are some of the reasons I think Obama deserves a second term, I encourage every American reading these words to vote for Obama on election day. Also, dont forget to vote Blue for Senate and House.

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3 thoughts on “Why You Should Vote For Obama

  1. Another Great and to the point post Andrew ~ Bravo for you to be able to overlook the #Unemployment situation since you and I are both in that situation, but I do believe he inherited this economy and has done his best considering all the GOP obstruction he has had to deal with.

  2. IN RESPONSE TO THE INCESSANT WHINING and BLAIMING THE REPUBLICANS FOR THE CRIPPLING ECONOMY
     
    When the administration seeking another term in office refuses or at best is reluctant to stand on their record and their primary campaign theme is that no one could fix the mess inherited from President Bush in just four years, it seems time to refute that charge and say maybe, just maybe Bush was not to blame for everything bad that happened in the world since President Clinton left office.
     
    So, read on if you have the courage…
     
    The Mess and how President Obama inherited it
     
    This is the account of what happened at the end of President Bush’s second term and why it turned out so badly.
    The day the democrats took over was not when President Obama was inaugurated, January 22nd 2009; it was actually January 3rd 2007, when democrats took over the House of Representatives and the Senate, at the very start of the 110th Congress. The Democrat Party controlled a majority in both chambers for the first time since the end of the 103rd Congress in 1995.
    For those who are listening to the liberals propagating the fallacy that everything is “Bush’s Fault”, think about this:
    On January 3rd, 2007, the day the Democrats took over the Senate and the Congress:
    The DOW Jones closed at 12,621.77
    The GDP for the previous quarter was 3.5%
    The Unemployment rate was 4.6%
    George Bush’s Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB GROWTH
    January 3rd, 2007 was the day that Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee.
    The economic meltdown that happened 15 months later was in the BANKING AND FINANCIAL SERVICES part of the economy!
    The crisis occurred for the most part as a result of dumping 5-6 TRILLION Dollars of toxic loans on the economy from the Fannie Mae and Freddie Mac fiascoes.
    Bush asked Congress 17 times to stop Fannie & Freddie – starting in 2001 because it was financially risky for the U.S. economy. He should have done much more. He could have called a joint session of congress. He could have appealed for public pressure.
    And who took the third highest pay-off from Fannie Mae and Freddie Mac? Then Senator Obama.
    And who fought against reform of Fannie and Freddie? Senator Obama and the Democrat Congress
    So when someone tries to blame Bush, remember the budgets do not come from the White House. They come from Congress and the party that controlled Congress since January 2007 is the Democrat Party.
    Furthermore, the Democrats controlled the budget process for 2008 & 2009 as well as 2010 &2011.
    In that first year, they had to contend with George Bush, which caused them to compromise on spending, when Bush somewhat belatedly got tough on spending increases.
    For 2009 though, Nancy Pelosi & Harry Reid bypassed George Bush entirely, passing continuing resolutions to keep government running until Barack Obama could take office. At that time, they passed a massive omnibus spending bill to complete the 2009 budgets.
    And where was Barack Obama during this time? He was a member of that very Congress that passed all of these massive spending bills, and he signed the omnibus bill as President to complete 2009.
    If the Democrats inherited any deficit, it was the 2007 deficit, the last of the Republican budgets. That deficit was the lowest in five years, and the fourth straight decline in deficit spending. After that, Democrats in Congress took control of spending, and that includes Barack Obama, who voted for the budgets.
    If President Obama inherited anything, he inherited it from himself. In a nutshell, what Obama is saying is I inherited a deficit that I voted for and then I voted to expand that deficit four-fold since January 20th.
    The Housing Crisis

    The origin of the housing crisis began in 1977 under President Carter with an initiative that basically said everyone has a right to live in a nice house. Pressure was put on banks to be less restrictive in approving mortgages. The policy was mostly dormant during the Reagan and Bush 1 years. Under President Clinton, the Community Reinvestment Act (CRA), 1977 became a high priority. 

    In 1995, Barack Obama was the lead attorney for 182 plaintiffs in a class action anti-discrimination lawsuit filed against Citibank for alleged “red-lining” practices which the plaintiffs claimed denied equal access to mortgage loans for African-Americans. 

    Claims of racial discrimination were frequently aimed at banks in the mid-1990s by community activists who, through judicial actions or by producing demonstrations by irate citizens, embarrassed banks into lowering their lending requirements to the point where, in common parlance, banks began issuing “sub-prime” mortgages.  In an effort to both protect the financial integrity of local community banks and provide access to enormous amounts of cash for mortgages, Congress instructed Fannie Mae and Freddie Mac to purchase such mortgages from the original lender, returning the original lender to his original state of liquidity.

    For an expanded treatment of the housing crisis, read the article in the link below.
    http://www.americanthinker.com/2012/09/so_obama_inherited_a_mess_did_he_from_whom.html
     
    If We Just Make the Rich Pay Their Fair Share we can Fix the Problem
    In addition to “blame Bush” another theme in this campaign has been that all we need to do is increase the tax rate on the very rich and we will be alright. The solution according to President Obama is to increase taxes on upper income Americans to make them pay their fair share. Here are some facts that demonstrate that taxing the rich cannot get us out of the hole we are in:
     
    If Congress imposed a 100 percent income tax, taking all earnings from those with incomes above $250,000 per year, it would yield the sum of approximately 1.4 trillion dollars. That would keep the government running for about 141 days.
     
    Fortune 500 companies earn nearly 400 billion in profits. Taking all corporate profits would keep the government running another 40 days.
     
    America has about 400 billionaires with a combined net worth of 1.3 trillion dollars. If we confiscate their stocks, bonds and cash, and force them to sell their businesses, yachts, airplanes, mansions and properties it would only give us enough for another 130 days. Now there is enough for 311 days but not the whole year. You can clearly see that increased taxation will not fix our problem.
     
    Under the 2011 budget, every hour of every day, the United States government spent $188 million it did not have. And we continue with very little change yet today.
     
    In simple terms here is why the U.S. was downgraded:
     
    U.S. Tax revenue:              $2,170,000,000,000
    Budget paid out:                 3,820,000,000,000
    New debt:                            1,650,000,000,000
    National debt:                   14,271,000,000,000
    Recent budget cuts:                 38,500,000,000
     
    I know that the very size of these numbers makes it hard to comprehend – so looking at it in a different way is to remove 8 zeros and pretend it is a household budget:
     
    Annual family income:                            $21,700
    Money family spent:                                  38,200
    New debt on credit card:                           16,500
    Outstanding balance on credit card:    142,710
    Total budget cuts:                                           385 
     
    You can easily see the scope of our problem.
     
    The Charge that Bush Wiped Out a 5.6 Trillion Dollar Surplus and Right Wingers Said Nothing!
    The reason nothing was said is because it never happened. The very thought of there being a 5.6 trillion dollar surplus is laughable.
    President Clinton did not have a surplus of $230 billion in the year 2000 because he had to borrow $246.5 billion from numerous off budget funds. Clinton NEVER had a surplus during his 8 years in office; he just borrowed yearly from different off budget funds, (primarily the SS fund) to offset the general fund shortfall. In 2000 the following funds were borrowed which resulted in a $16.5 billion deficit.

    $152.3B from Social Security
    $30.9B from Civil Service Retirement Fund
    $18.5B from Federal Supplementary Medical insurance Trust Fund
    $15.0B from Federal Hospital Insurance Trust Fund
    $9.0B from the Federal Unemployment Trust Fund
    $8.2B from Military Retirement Fund
    $3.8B from Transportation Trust Funds
    $1.8B from Employee Life Insurance & Retirement fund
    $7.0B from others

    Total borrowed from off budget funds $246.5 billion, meaning that his $230B surplus is actually a $16.5B deficit. ($246.5B borrowed – $230B claimed surplus = $16.5B actual deficit).
    President Clinton never had a surplus except on paper by using creative accounting – in other words, he lied. The last true budget surplus (without debt) occurred under Andrew Jackson in 1836.
    Where did the 5.6 trillion figure come from? The Congressional Budget Office took Clinton’s claimed surplus and projected that if the economy continued at the same pace, we would have a 5.6 trillion surplus over the next 10 years. None of the 5.6 trillion was real.
    $1.03 Trillion Dollars

    (From Neal Boortz)

    For those of you who may be paying attention, that number seems eerily similar to our national deficit.  But that’s not what I’m referring to.  That $1.03 trillion is the amount of money that our government handed out as welfare in 2011 alone. 

    Now before you get all huffy, let me make sure you understand this: This does not include Social Security or Medicare.  Those are not welfare programs, those are entitlement programs.  You are entitled to that money because you’ve paid into that system.  This $1.03 trillion on welfare spending went toward 83 different means tested federal welfare programs.  That figure represents a 32% increase in welfare spending since 2008.

    The largest increase in welfare spending went to none other than food stamps – a 71% increase in spending since 2008.  I guess that’s what happens when your government uses taxpayer dollars to advertise food stamp participation.  Yet when Newt Gingrich referred to Obama as the “food stamp president,” that was racist. 

    Spending on welfare “vastly outpaced spending on such federal expenditures as non-war defense ($540 billion), Social Security ($725 billion), Medicare ($480 billion), and departments such as Justice ($30.5 billion), Transportation ($77.3 billion) and Education ($65.486 billion).”

    The Heritage Foundation has another way to try and put this kind of spending into perspective: “If converted to cash, means-tested welfare spending is more than five times the amount needed to eliminate all poverty in the United States.”

    Keep in mind three things …

    1. Obama’s economy has made more people eligible for welfare as incomes have dropped and jobs are scarce. 

    2. Obama removed the work requirement for welfare … think about how that will affect the welfare doles.  Case in point: After the Obama Administration suspended the work requirement from the food stamp program in 2009, the number of people on food stamps doubled.

    3. The more people who are on the government dole, the better it is for Democrats.  They enable you to become dependent on the government and then hold your check hostage in exchange for your vote.

    So which candidate plans to do something about this growth in welfare spending that we can no longer afford?  According to the Heritage Foundation, “According to the President’s budget plans for fiscal year 2013, means-tested welfare will not decline as the recession ends, but will continue to grow rapidly for the next decade. Overall, President Obama plans to spend $12.7 trillion on means-tested welfare over the next decade.” 

    http://www.realclearpolitics.com/articles/2012/10/20/obamas_welfare_explosion.html
    Benghazi, ‘Cooling Out’ the Voters – by Thomas Sowell
    http://www.realclearpolitics.com/articles/2012/10/30/cooling_out_the_voters_115974.html

    Conclusion

    It is my opinion that there is only one truly important issue in this election – the economy. We are facing the most predictable financial catastrophe that any nation in the history of the world has ever faced.  And there will be no one to bail us out. Anyone with half a mind knows we cannot continue to spend more than 4 billion dollars each and every day that we must borrow the greater part from China and print the rest without a financial collapse at some point. My belief is that collapse is months – not years away if we don’t make meaningful fiscal changes very soon.

    No amount of increased taxation can save us. We cannot tax the rich enough to make a meaningful difference – there simply are not enough rich. We do not have a taxation problem. We have a spending and size of government problem. Even if we tax everyone with an income above $60,000 at a 100% rate, we don’t generate enough to run the government for one year.

    I believe that President Obama has been a disaster for our country. My opinion has nothing to do with the color of his skin but everything to do with his policies. His economic policies are very similar to those found in many European nations and have failed every where they have been implemented. That anyone would want four more years of these policies and what we have endured for the past three and one half years is a mystery.

    The Affordable Healthcare Act is less popular today than when it was signed into law. It has far exceeded the estimated cost and will continue to escalate. To think that the government will control costs and be able to project future costs accurately is fantasy. When the cost of Medicare was projected, it was to cost 9 billion dollars over 10 years. The true cost was almost 10 times greater.

    For those with an open mind, there are numerous sources for reliable information. The main-stream media (ABC, CBS, NBC, The New York Times and many if not most daily newspapers) are not reliable sources for any meaningful reportage since they have become little more than advertising and public relations agencies for the Democrat Party. Their bias is so blatant that even they seldom deny it. Prime examples are the two current scandals now being investigated – “Fast and Furious” and the Benghazi cover-up in which Americans have died but the media has no interest in fully investigating or reporting. Had these scandals occurred under a Republican administration, every day would have seen exhaustive coverage.

    Before he was elected, the president said that he would “fundamentally change” our country. He has kept his word and with another four years, if he continues his destructive governance we will not recognize the America that we love and cherish.

    My prayer is that America will wake up.

                                 ————————————————————————

    A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world’s greatest civilizations has been 200 years.
    Great nations rise and fall. The people go from bondage to spiritual truth, to great courage, from courage to liberty, from liberty to abundance, from abundance to selfishness, from selfishness to complacency, from complacency to apathy, from apathy to dependence, from dependence back again to bondage.

                                                    Attributed to Alexander Fraser Tytler, Lord Woodhouselee  

     

    1. Some of your points are interesting but your condescending patronizing attitude makes one want to not read your response. You have many many incorrect statements and conclusions in here enough that I probably should not have posted your reply. Deregulation is what caused the housing crisis and the financial meltdown; Bush did more deregulating than any of the previous presidents, you fail to mention that. Before 2007 Bush’s job creation record was one of the worst on record; when he left office he was the only president in US history to have zero net new jobs created. Your theory of Bush was just a victim of the evil congress is absurd.

      Your response will remain here to show other readers around the world the lack of intelligence of the GOP and serves to reinforce my recommending Obama for a second term.

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