Talk of ‘middle class’ obscures reality of ‘food stamp’ president
Unemployment lines may be shorter, but that’s only because so many Americans have given up and dropped out of the labor market.
Bill Clinton’s former deputy attorney general, Webster Hubbell, has written a commentary highly critical of President Obama’s economic policies, which he says have failed to address child hunger and chronic joblessness.
Hubbell, writing for the Clyde-Fitch Report, picked apart Obama’s alleged economic accomplishments as spelled out in his State of the Union address as mostly smoke and mirrors.
Obama boasted, “We’ve seen the fastest economic growth in over a decade, our deficits cut by two-thirds, a stock market that has doubled, and health care inflation at its lowest rate in 50 years.”
“Those are indeed impressive statistics, especially if your well-being is determined by your stock portfolio,” Hubbell wrote. “But as I listened, I wondered if I was missing something. Are we all doing so much better since the president took office?”
Hubbell said many economists and Obama”are almost giddy” when spouting statistics showing unemployment at its lowest point since 2008; consumer confidence doubled; and low gas prices expected to help consumer spending.
The State of the Union was packed with references to how things have turned around and how it was time to concentrate efforts toward rebuilding the middle class. Obama said it was time to leave “mindless austerity” and build more warships.
The real news is what Obama didn’t tell the American public.
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