Obama was elected based on nothing but a catchy campaign slogan. The man had no record when he ran for president in 2008. For two years, the annointed one told gulable Americans he was the one for the job because he would change America’s standing in the world and end the status quo that is entrentched in Washington politics.
Obama has been an absolute failure in every area except spending other people’s money. Jimmy Carter was considered the worst president of modern times. Now it looks like Obama is going to take that mantle away from the peanut-farming president from Georgia.
Obama came into office when everything was going bad and has accomplished nothing while making everything worse. The numbers don’t lie (but Obama does).
A is for the Arab world, and our standing in it: This year, Zogby International found that 5% of Egyptians had a favorable view of the U.S. In 2008, when George W. Bush was president, it was 9%.
B is for the federal budget deficit, which is estimated to come in at around 11% of GDP in 2011, up from about 3% in 2008.
C is for China’s military budget. For 2012, Beijing plans to increase spending on defense by 12.7%. The Obama administration, by contrast, proposed Pentagon cuts in April averaging out to $40 billion per year over the next decade, and Congress may soon cut a lot more.
D is for—what else—the federal debt, which grew to $14.3 trillion this month from $10.7 trillion at the end of 2008. D is also for the dollar, which has lost almost half its value against gold since Aug. 2008.
E is for energy. The average retail price of a gallon of gas hovered near the $1.80 mark when Mr. Obama was inaugurated. It has since more than doubled. E is also for ethanol, the non-wonder fuel the U.S. continues to subsidize to the tune of $5 billion a year.