Big Change: Romney’s Major Address on The Economy (Full Speech and Transcript)

   Bookmark and Share  On Friday, as President Barack Obama sat down in the Blue Room of the White House to conduct an in-depth interview with MTV’s Sway, Mitt Romney used his campaign for President as an opportunity to discuss the economy.   (See complete video of the speech below and a transcript of the speech below that).  And as President Obama was telling “Sway” how he thought the most vibrant form of music right now is hip-hop, Mitt Romney stood before a crowd of 2,000 Americans in Ames Iowa, at the site of a construction company, and discussed something that might not have been quite as topical to MTV as the President’s musical tastes.  Romney chose to discuss the economy, an issue President Obama continues to try to avoid talking about.

With some 11 days to go before Election Day, the dichotomy between the topics the two men chose to focus on presented serious voters with evidence of there being a sharp contrast between Mitt Romney and Barack Obama when it comes to their priorities.  As Barack Obama chose to pander to the bubble gum blowing, pop-culture element of the electorate who is more concerned with voting for someone who spends most of their time debating who to vote for on American Idol, Mitt Romney was addressing concerned, responsible, educated voters who are more concerned with electing a President whose priorities include restoring America to greatness, not who the most popular Rap artists is.

Beyond anything else, the contrast is an embarrassing one for our President and for Americans in general.  It is an example not only of vastly different styles and priorities, it is evidence of just how while the Republican challenger for President is more willing to win this election on the issues important to our future, our incumbent President seeks to win this election by hammering together a plurality of voters that is comprised largely of people who have more knowledge about every word in Katy Perry’s latest song than they are of the words in our Constitution.  This should offend voters.  Furthermore; it is a clear indication of the President’s obvious awareness of the fact that he cannot win this election on the issues and on his record.  it is why he has spent most of time on the sofa’s of The View and every late night entertainment program that the mainstream media has to offer.

The Speech

Aside from the contrast between what the two men chose to speak about on Friday, is the content in Mitt Romney’s speech.  It was a speech that served two purposes for Romney.  It helped to remind people of the contrast in campaigns that has Barack Obama’s campaign talking about little things like Big Bird, binders, Mitt Romney is talking about the ideas worthy of a great nation.  In this case Romney addressed our economic future and it was speech worthy of a great future President.  It was a powerful, factual endictment of the President failed reocrd on the economy.   As Romney pointed out;

 “President Obama frequently reminds us that he inherited a troubled economy,” Romney said. But he also “inherited the most productive and innovative nation in history. He inherited the largest economy in the world…. What he inherited wasn’t the only problem; what he did with what he inherited made the problem worse.”

He added;

“Despite all that he inherited, President Obama did not repair our economy, he did not save Medicare and Social Security, he did not tame the spending and borrowing, he did not reach across the aisle to bring us together. Nor did he stand up to China’s trade practices, or deliver on his promise to re-make our relations with the Muslim world, where anti-American extremism is on the rise.”

But the speech was also an inspiring artiuclation of Romney’s economic vision for America, a vision that included concrete proposals to get the economic engine of our nation moving again.

If you have not taken the time to hear this speech, you should.  It may not be as scintilating as watching Mariah Carey and Nicki Minaj having a catfight on American Idol but it is far more imporatant and inspirational.

Complete Transcript of the Speech;

Thank you all.  It’s great to be back in Iowa. And don’t think that this is the last time you are going to see Paul Ryan and me, because you Iowans may well be the ones who decide what kind of America we will have, what kind of life our families will have.

The choice you make this November will shape great things, historic things, and those things will determine the most intimate and important aspects of every American life and every American family. This is an election about America, and it is an election about the American family.

All elections matter. This one matters a great deal. Over the years of our nation’s history, choices our fellow citizens have made have changed the country’s course–they were turning points of defining consequence.

We are at a turning point today. Our national debt and liabilities threaten to crush our future, our economy struggles under the weight of government and fails to create essential growth and employment.

At the same time, emerging powers seek to shape the world in their image–China with its model of authoritarianism and, in a very different way, Jihadists with Sharia, repression, and terror for the world.

This is an election of consequence.  Our campaign is about big things, because we happen to believe that America faces big challenges.  We recognize this is a year with a big choice, and the American people want to see big changes.  And together we can bring real change to this country.

Four years ago, candidate Obama spoke to the scale of the times. Today, he shrinks from it, trying instead to distract our attention from the biggest issues to the smallest–from characters on Sesame Street and silly word games to misdirected personal attacks he knows are false.

The President’s campaign falls far short of the magnitude of the times. And the presidency of the last four years has fallen far short of the promises of his last campaign. Four years ago, America voted for a post-partisan president, but they have seen the most political of presidents, and a Washington in gridlock because of it.

President Obama promised to bring us together, but at every turn, he has sought to divide and demonize. He promised to cut the deficit in half, but he doubled it. And his budget?  It failed to win a single vote, Republican or Democrat, in either the House or the Senate. He said he would reform Medicare and Social Security and save them from pending insolvency, but he shrunk from proposing any solution at all.

And then, where are the jobs?  Where are the 9 million more jobs that President Obama promised his stimulus would have created by now?  They are in China, Mexico, and Canada and in countries that have made themselves more attractive for entrepreneurs and business and investment, even as President Obama’s policies have made it less attractive for them here.

And so today, his campaign tries to deflect and detract, to minimize the failures, and to make this election about small shiny objects.

But this election matters more than that. It matters to your family.

It matters to the senior who needs to get an appointment with a medical specialist but is told by one receptionist after another that the doctor isn’t taking any new Medicare patients, because Medicare has been slashed to pay for Obamacare.

It matters to the man from Waukesha, Wisconsin I spoke with several days ago.  In what were supposed to be his best work years, he used to have a job at $25 an hour with benefits and now has one at $8 an hour, without benefits.

It matters to the college student, graduating this spring, with 10 to 20 thousand dollars in student debt, who now learns that she also will be paying for 50 thousand dollars in government debt, a burden that will put the American Dream beyond her reach.

It matters for the child in a failing school, unable to go to the school of his parent’s choosing, because the teacher’s union that funds the President’s campaign opposes school choice.

The President’s campaign has a slogan: it is “forward.” But to the 23 million Americans struggling to find a good job, these last four years feel a lot more like “backward.” We cannot afford four more years like the last four years.

This election is about big things–like the education of our children, the value of our homes, the take home pay from our jobs, the price of the gasoline we buy, and the choices we have in our healthcare. It is also about the big things that determine these things–like the growth of the economy, the strength of our military, our dependence on foreign oil, and America’s leadership in the world.

President Obama frequently reminds us that he inherited a troubled economy. But a troubled economy is not all that President Obama inherited. He inherited the greatest nation in the history of the earth. He inherited the most productive and innovative nation in history. He inherited the largest economy in the world. And he inherited a people who have always risen to the occasion, regardless of the challenges they faced, so long as we have been led by men and women who have brought us together, called on our patriotism, and guided the nation with vision and conviction.

Despite all that he inherited, President Obama did not repair our economy, he did not save Medicare and Social Security, he did not tame the spending and borrowing, he did not reach across the aisle to bring us together. Nor did he stand up to China’s trade practices, or deliver on his promise to re-make our relations with the Muslim world, where anti-American extremism is on the rise.

What he inherited wasn’t the only problem; what he did with what he inherited made the problem worse.

In just four short years, he borrowed nearly $6 trillion, adding almost as much debt held by the public as all prior American presidents in history.

He forced through Obamacare, frightening small business from hiring new employees and adding thousands of dollars to every family’s healthcare bill.

He launched an onslaught of new regulations, often to the delight of the biggest banks and corporations, but to the detriment of the small, growing businesses that create two-thirds of our jobs.

New business starts are at a 30-year low because entrepreneurs and investors are sitting on the sidelines, weary from the President’s staggering new regulations and proposed massive tax increases.

Many families can’t get mortgages and many entrepreneurs can’t get loans because of Dodd-Frank regulations that make it harder for banks to lend.

The president invested taxpayer money–your money–in green companies, now failed, that met his fancy, and sometimes were owned by his largest campaign contributors. He spent billions of taxpayer dollars on investments like Solyndra, Tesla, Fisker, and Ener1, which only added to our mounting federal debt.

Energy prices are up in part because energy production on federal lands is down.  He rejected the Keystone Pipeline from Canada, and cut in half drilling permits and leases, even as gasoline prices soared to new highs.

No, the problem with the Obama economy is not what he inherited; it is with the misguided policies that slowed the recovery, and caused millions of Americans to endure lengthy unemployment and poverty. That is why 15 million more of our fellow citizens are on food stamps than when President Obama was sworn into office. That is why 3 million more women are now living in poverty. That is why nearly 1 in 6 Americans today is poor.  That is why the economy is stagnant.

Today, we received the latest round of discouraging economic news:  Last quarter, our economy grew at just 2%.  After the stimulus was passed, the White House promised the economy would now be growing at 4.3%, over twice as fast.  Slow economic growth means slow job growth and declining take home pay. This is what four years of President Obama’s policies have produced. Americans are ready for change–for growth, for jobs, for more take home pay.

We have had four presidential and vice-presidential debates. And there is nothing in what the President proposed or defended that has any prospect of meeting the challenges of the times. Raising taxes will not grow jobs or ignite the economy–in fact, his tax plan has been calculated to destroy 700,000 jobs. A new stimulus, three years after the recession officially ended, may spare government, but it will not stimulate the private sector any better than did the stimulus of four years ago. And cutting one trillion dollars from the military will kill jobs and devastate our national defense.

This is not the time to double down on the trickle-down government policies that have failed us; it is time for new bold changes that measure up to the moment, that can bring America’s families the certainty that the future will be better than the past.

If Paul Ryan and I are elected as your president and vice president, we will endeavor with all our hearts and energy to restore America. Instead of more spending, more borrowing from China and higher taxes from Washington, we’ll renew our faith in the power of free people pursuing their dreams.  We’ll start with our plan for a stronger middle class, which has five elements:

One, we will act to put America on track to a balanced budget by eliminating unnecessary programs, by sending programs back to states where they can be managed with less abuse and less cost, and by shrinking the bureaucracy of Washington.

Two, we’ll produce more of the energy we need to heat our homes, fill our cars, and make our economy grow.  We will stop the Obama war on coal, the disdain for oil, and the effort to crimp natural gas by federal regulation of the very technology that produces it. We will support nuclear and renewables, but phase out subsidies once an industry is on its feet. And rather than investing in new electric auto and solar companies, we will invest in energy science and research to make discoveries that can actually change our energy world. And by 2020, we will achieve North American energy independence.

Three, we will make trade work for America.  We’ll open more markets to American agriculture, products, and services. And we will finally hold accountable any nation that doesn’t play by the rules.  I will stand up for the rights and interests of American workers and employers.

Four, we will grow jobs by making America the best possible place for job creators, for entrepreneurs, for small business, for innovators, for manufacturers. This we will do by updating and reshaping regulations to encourage growth, by lowering tax rates while lowering deductions and closing loopholes, and by making it clear from day one that unlike the current administration, we actually like business and the jobs business creates.

Finally, as we create more opportunity, we also will make sure that our citizens have the skills to succeed. Training programs will be shaped by the states where people live, and schools will put the interests of our kids, their parents, and their teachers above the interests of the teachers’ unions.

If we do those five things, our economy will come roaring back. We will create 12 million new jobs in just four years, raise take-home pay, and get the American economy growing at four percent a year—more than double this year’s rate. After all the false promises of recovery and all the waiting, we will finally see help for America’s middle class.

Paul and I won’t stop there. When we take office, we will take responsibility to solve the big problems that everyone agrees can’t wait any longer.

We will save and secure Medicare and Social Security, both for current and near retirees, and for the generation to come. We will restore the $716 billion President Obama has taken from Medicare to pay for his vaunted Obamacare.

We will reform healthcare to tame the growth in its cost, to provide for those with pre-existing conditions, and to assure that every American has access to healthcare. We will replace government choice with consumer choice, bringing the dynamics of the marketplace to a sector of our lives that has long been dominated by government.

These things among others we can only do if we work tirelessly to bridge the divide between the political parties. We will meet with Democrat and Republican leadership regularly, we will look for common ground and shared principles, and we will put the interests of the American people above the interests of the politicians.

I know something about leading because I’ve led before.  In business, at the Olympics, and in Massachusetts, I’ve brought people together to achieve real change.

I was elected as a Republican governor in a state with a legislature that was 85% Democrat. We were looking at a multi-billion dollar budget gap. But instead of fighting with one another, we came together to solve our problems. We actually cut spending–reduced it. We lowered taxes 19 times. We defended school choice. And we worked to make our state business friendly.

Our state moved up 20 places in job growth. Our schools were ranked number one in the nation.  And we turned a $3 billion budget deficit into a $2 billion rainy day fund.

I know it because I have seen it: Good Democrats can come together with good Republicans to solve big problems. What we need is leadership.

America is ready for that kind of leadership. Paul Ryan and I will provide it. Our plan for a stronger middle class will create jobs, stop the decline in take home pay, and put America back on the path of prosperity and opportunity. And this will enable us to fulfill our responsibility as the leader of the free world, to promote the principles of peace. We will help the Muslim world combat the spread of extremism; we will dissuade Iran from building a nuclear bomb; we will build enduring relationships throughout Latin America; and we will partner with China and other great nations to build a more stable and peaceful world.

We face big challenges. But we also have big opportunities. New doors are open for us to sell our ideas and our products to the entire world. New technologies offer the promise of unbounded information and limitless innovation. New ideas are changing lives and hearts in diverse nations and among diverse peoples. If we seize the moment and rise to the occasion, the century ahead will be an American Century.

Our children will graduate into jobs that are waiting for them. Our seniors will be confident that their retirement is secure. Our men and women will have good jobs and good pay and good benefits. And we will have every confidence that our lives are safe, and that our livelihoods are secure.

What this requires is change, change from the course of the last four years. It requires that we put aside the small and the petty, and demand the scale of change we deserve: we need real change, big change.

Our campaign is about that kind of change–confronting the problems that politicians have avoided for over a decade, revitalizing our competitive economy, modernizing our education, restoring our founding principles.

This is the kind of change that promises a better future, one shaped by men and women pursuing their dreams in their own unique ways.

This election is a choice between the status quo — going forward with the same policies of the last four years — or instead, choosing real change, change that offers promise, promise that the future will be better than the past.

If you are ready for that kind of change, if you want this to be a turning point in America’s course, join Paul Ryan and me, get your family and friends to join us, and vote now for the kind of leadership that these times demand.

God bless you. And God bless America.

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Is Barack Obama Really a Good Friend to Israel? See the Video

   Bookmark and Share   While Mitt Romney did a good job in the last presidential debate, there was one thing I really think he was remiss in not pointing out.  When the topic of Israel came up, the Governor should have mentioned the unprecedented proposal that President Obama made in 2011 when he told Israel to adopt its 1967 borders. (See the video at the bottom of this post)

With all the attempts by President Obama to claim that he has established the strongest relationship with Israel of any previous President, there are many facts which contradict that claim. Between his refusal to ever visit Israel during his entire term in office, his recent refusal to meet Israeli Prime Minister Benjamin Netanyahu while Bebe was visiting the U.S. last month, and a history of Obama snubbing the Prime Minister on many occasions prior to that, it is clear that the American relationship with Israel is not as warm and close as it has been under previous presidents. But one of the most egregious acts against Israel committed by President Obama was his attempt to have Israel return to its indefensible 1967 borders.   It is a point which has not gotten the attention that it should in this election but for good reason, it must.

By trying to have Israel return it’s pre-1967 borders, President Obama was providing Arab states and the Palestinians with the ability to launch ground and missile attacks on the Jewish state with ease.  As explained in this video, a return to those borders would make it impossible for Israel to effectively defend itself against the enemies who surround them and have a great capacity to exploit added opportunities to launch ground and missile attacks.  Yet this is the position that Barack Obama proposed one of closest allies in the world to put themselves in.

During the last presidential debate, Mitt Romney had multiple chances to remind voters of this major Obama foreign policy initiative. And he should have.  At one point Romney reminded voters about Obama’s the apology tour to the Middle East he went on when first coming to office.  Governor Romney reminded us that while the President took the opportunity to fly to Egypt and to Saudi Arabia and to Turkey and Iraq, he skipped Israel, our closest friend in the region.  It was around then that Romney should have at some point pivoted to President Obama’s 1967 border proposal by adding that while he has apologized to audiences that consisted of our enemies, he has also asked our friends to make fatal concessions to our enemies.  In this case it was a concession that would have moved Israel closer to extinction.

Obama’s attempt to have Israel adopt indefensible borders is a major issue.  It is another sign of his bass ackwards policies.  Policies which seek to placate our enemies and offend our allies.  A policy that is more in the best interests of enemies than our own nation.

When it comes to the Middle East, Israel is the only nation in the region that the United States need not fear a terrorist attack from.  If it is not our only real friend in the Middle East, it is certainly our best.  For that reason alone, it should not have a so-called friend who makes it easier for Israel’s enemies to destroy them.  Yet that is a part of the Obama foreign policy which was not mentioned in any of the debates.  So I have prepared the following video to make the point that Mitt failed to and that others have forget to.

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Unemployment Rate Explained

Conservatives woke up two days after one of our best debates since Bush/Kerry to hear that despite slower job growth than economists were expecting, the unemployment rate had dropped to 7.8%.  This is magically .1% lower than it was when Obama took office.  Most Americans don’t understand the details of the jobs report, but they understand 7.8%.

If you’ve ever played the game “which of these is not like the other”, the 7.8% rate would qualify.  Economists expecting 142,000 new jobs (the actual number was 114,000 according to the Establishment Survey) expected the rate to stay the same or go up to 8.2%.  However, there are two surveys used to measure the rate as I will explain later.

This is pretty wonky stuff and I don’t want to lose you, so let me get to the point then we will discuss the details.  The reason the rate dropped is because the economy added 583,000 part-time jobs.  But the U-6, which measures unemployed and under employed remained unchanged at 14.7%.  In other words, 583,000 people got part-time jobs they didn’t want.  Why?

Now for the background.  In 2012 we saw some major changes to the way unemployment benefits are paid out.  First, for anyone who loses their job after the beginning of the year, states only pay for 26 weeks.  Second, in states with high unemployment the federal government cut back payments from 99 weeks to 73 weeks.  They cut to 63 weeks for low unemployment states.  So here is the question:

What do you do when your unemployment benefits run out and you still can’t get the job you want or need?  Well, in my family’s case when I was a kid, my Mom got two part-time jobs while my Dad kept looking.  We had to eat.

Can Obama take credit for the 7.8% unemployment rate?  Only if he wants to take credit for cutting off the government’s new pseudo-welfare program of never ending unemployment benefit extensions and forcing some of the 47% to get off the government dole, even if it means flipping burgers for the King during the day and the Clown at night.  How does that sound for the narrative of Obama’s soon to be released “I fixed jobs” ad.

Actually, based on many of the revisions up from previous months, government jobs make up the majority of the growth.  How about that, they can work for the King and the Clown at the same time.  But of course this time I’m not referring to fast food chains.

But even the part-time job growth leaves many rightfully scratching their heads.  Did unemployment really just have its biggest one month drop since 1983?  If the economy is really about to come roaring back, why did Bernanke just promise QE-Infinity where he prints $40 billion a month to pump job growth?  Perhaps Bernanke is a terrible economist and should be canned.

Well, there is one more discrepancy to be mentioned in this jobs report.  The 7.8% rate is based on two surveys.  The Establishment Survey asks 390,000+ businesses about their hiring and extrapolates a national figure based on that.  The Household Survey asks 50,000 households if they are employed, searching, or gave up looking.  The Establishment Survey gave us the 114,000 job number.

The Household Survey indicated that 873,000 more people are employed.  That’s a little bit of a variance.  So although the surge in part-time/temporary hires certainly makes sense, the 7.8% figure is still suspect.

Democrats Run On Empty As Gas Prices Reach Historic Highs

  Bookmark and Share  Today marks another historic milestone in the presidency of Barack Obama.  After more than three years of prices at the fuel pump steadily rising, this past month saw prices spike a whopping 9% and bring the national average of a gallon of gasoline up to $3.61 a gallon for the year, 10 cents more a gallon than it cost in 2011. All of this adds up to what will be the most expensive year for drivers in history.

Now to be fair, the truth is that Presidents and Congresses have only a certain amount of control over the price.  But they could have a a dramatic effect on stabilizing costs.  Fuel prices are largely established through the price set for crude oil on the world market.  Oil, regardless of what nation it comes from is thrown into one big economic bucket and stamped with one price throughout the world.  That is something which many, including Republicans often ignore when they argue for the need for the United States to increase domestic drilling.

While augmented domestic drilling is certainly a wise policy, it would not necessarily solve all our problems or drastically reduce the price of gas.  However; by tapping into the vast wealth of natural, domestic, energy sources like crude oil, the United States would certainly have a stabilizing effect on the energy market and the price of oil.

The high price that we are seeing at the pump now is, despite a sluggish and troubled economy, a direct result of the fact that worldwide demand is up and supplies are coming from increasingly unstable and even dangerous locations of the world; i.e.: the Middle East.  This means that if the United States which consumes most of the world’s oil supply, happened to increase its  production of domestic oil it would help to stabilize the world oil market by increasing the number of stable, secure, and reliable locations that are contributing to the world market, thereby adding a boost to the supply side of the supply and demand dynamic that is causing the unsettling run-up in fuel costs that we are now experiencing.

But President Obama and the liberal lock that Democrats have on Congress through their majority in the U.S. Senate, refuse to take advantage of our ability to exploit domestic natural resources.  It is a policy that not only continues to put undue pressure on the world oil market, it also denies Americans jobs, something which more rational political leaders would see as a necessary initiative at a time when our nation is experiencing its 40th consecutive month of unemployment in excess of 8%.

In this tough economy, while our federal government should be doing everything that is possible to get the economic engine of our nation moving again, it is clear that President Obama and his fellow liberals will be of no help on this issue.  Since coming to power, the only discernible efforts they have taken in the area of energy have been on the mishandling of the 2009 Gulf oil disaster that saw hundreds of millions of gallons of oil gush into the Gulf of Mexico for several months, and feeble attempts to prop up misguided alternative energy efforts such as the one involving the unfolding Solyndra scandal.

And as the average price of a gallon gas is predicted to reach as high as $3.90 a gallon by year’s end, Democrats, including President Obama happen to be missing in action on the issue.

As Democrats gear up to re-nominate their messiah for President, a deafening silence has fallen over the liberal lala land that the left occupies.

There are no complaints from limousine liberals over the price of gas or even the high unemployment rates which could be reduced by incorporating an all-of-the-above strategy into our national energy policy.   This newfound silence of the left offers a stark contrast to the reaction that liberals had to the high cost of gas in 2006 when it briefly spiked to point in excess of $3.00.

At one point, as Democrats were gearing up for the 2006 midterm elections and gas prices were reaching their highest of the Bush years, Chuck Schumer held a press conference and stated;

“Well, we knew this was going to happen.  Prices are now back up to over $3.00 a gallon again.  If we do nothing, within all too short a time prices they’re going to be at $4.00 a gallon and $5.00 a gallon.  And there’s going to be a giant hole getting bigger, and bigger, and bigger, in every consumer’s pocketbook or wallet.

Back then, The New York Times, the now tarnished, Gray Lady of liberal propaganda, proudly extolled;

“Democrats running for Congress are moving quickly to use the most recent surge in oil and gasoline prices to bash Republicans over energy policy, and more broadly, the direction of the country.”

Six years later and the soaring price of gas is something the left is now seemingly trying to keep a secret.  But in the words of Harry Reid, “the word is out”.

That genie is out of the bottle and at the moment, Democrats don’t seem to have any way to put her back in the bottle or to explain her escape.  No matter how many distractions the left concoct, no matter how much President Obama and his campaign henchmen try to defame Mitt Romney, and despite all the attempts to divide Americans and then piece together a majority of the vote for the President’s reelection, far too many Americans are uniting together under what are becoming very negative campaign ads for Democrats —- the signs which contain the high price for gas that the Obama energy policy is forcing Americans to pay.

Back in 2006, under the direction of Senator Schumer who was the Chairman of Democratic Senatorial Campaign Committee and in charge of getting liberals elected to the Senate, made bashing Bush on the high price of gas a mandatory theme for candidates to run on.  Fast forward to 2012 and Democrats are not running on the price of gas, they are trying to run as far away from those prices as many Democrats who are up for reelection are running as far away from the democratic National Convention as they possibly can.

It’s just another sign of the liberal hypocrisy that forms the foundation of liberal logic but in the meantime, our President has once again made history.  In addition to making history as the first President to win a Nobel Peace Prize for simply getting elected, other historic firsts include his success in putting nearly a third of the U.S. economy under government controlling by delivering socialized healthcare to our shores, the accumulation of a total debt that greater than the sum total of all previous presidents, his capping of salaries in the private sector, the first downgrade of the U.S credit rating, and the longest sustained period of unemployment in excess of 8%.  Now he has achieved the historic honor of presiding over the most expensive year for motorists ever.   The problem is, I am not sure how much more of the President’s historic achievements Americans afford?

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