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Barack Obama’s disastrous first 1,000 days
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Candidate
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| Contributor | Scott³ |
| Last Edited | Scott³ Oct 18, 2011 06:55pm |
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| Category | Opinion |
| Author | Nile Gardiner |
| News Date | Wednesday, October 19, 2011 12:00:00 AM UTC0:0 |
| Description | "If recent polls are any indication, it is doubtful that President Obama will enjoy another 1,000 days in the White House. And looking at his track record over the course of his first 33 months in office, it is not hard to see why. It is hard to think of a presidency in modern times that has done more to damage the United States both at home and abroad than the current one, with the possible exception of Jimmy Carter’s. Like his Democratic predecessor in the 1970’s, Barack Obama has left the world’s dominant superpower on its knees, with faith in US leadership now being questioned across the globe.
Since taking office in January 2009, President Obama has ushered in a period of relentless economic decline for the United States. His administration has added $4.2 trillion to the national debt (now standing at $14.9 trillion), lost 2.2 million jobs, introduced a vastly expensive health-care albatross, and spent nearly $800 billion on a failed stimulus package. At the same time, house prices across the country have tumbled at an unprecedented rate, consumer confidence has plummeted, and millions more Americans are now dependent upon food stamps. International confidence in the US economy has fallen to its lowest levels in decades, with credit agency Standard and Poor’s downgrading of America’s AAA credit rating for the first time in 70 years in August this year. As I noted in a piece at the time:
Since President Obama took office in January 2009, the United States has embarked on the most ambitious failed experiment in Washington meddling in US history. Huge increases in government spending, massive federal bailouts, growing regulations on businesses, thinly veiled protectionism, and the launch of a vastly expensive and deeply unpopular health care reform plan, have all combined to instill fear and uncertainty in the markets." |
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