Wednesday, March 16, 2011

American Thinker: Obama's First Two Years a Disaster for America

The pertinent question we might ask is, "What has President Obama done in the past two years to limit the rise of oil and gasoline prices, if anything?"  The answer is...nothing.  If anything, his policies have contributed towards rising prices.  Recall the moratorium he enacted on oil drilling following the BP oil spill that further limited the supply of the commodity from our own waters.  His failure to support drilling in ANWR and his overt allegiance to the anti-drilling environmental fringe has also directly contributed to less supply of oil and therefore higher oil prices.

Ms. Joseph also looked forward to Obama paying her mortgage.  Well, many Americans don't have to worry about a mortgage anymore, as they've had their houses foreclosed.  In 2009, a record 2,824,674 foreclosures took place, while 2,872,892 foreclosures occurred in 2010.   In other words, 5.7 million families have lost their homes, but at least they're not up all night wondering how they will pay their mortgage.

It just wasn't supposed to be this way, at least in the eyes of the 53% of voters who cast their ballot for Barack Obama.  After all, President Obama's policies were going to reignite the economy and keep the unemployment rate below 8% at least that is what we were told, thereby making those aforementioned mortgages affordable.  The opposite has occurred.