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WOLF: Barack Obama’s remedial math lesson
Class warfare just doesn’t add up
Question of the Day
Waving his finger at Americans, President Obama declared that income taxes must be increased, not on those who aren’t even paying them, but rather on those who, despite already paying the whole of the bill, somehow still aren’t paying their fair share. “This is not class warfare,” defended the redistributor-in-chief, “this is math.”
OK, Mr. President, I’ll bite. How about this math?
Under Obamanomics, the unemployment rate has increased from 7.8 percent to 9.1 percent, and underemployment has increased from 14.0 percent to 16.2 percent. The average length of unemployment has increased from 19.9 weeks to 40.3 weeks. Median income has dropped from $52,029 per year to $49,445.
Since Mr. Obama has taken office, the total number of jobs in America has decreased from 142.2 million to 139.6 million. Most schoolchildren with a calculator would say that’s a loss of 2.6 million jobs, but not Barack Obama. The White House has claimed that the stimulus created - or saved - 2.5 million to 3.6 million jobs. Off by 6 million, but close enough for government work, I suppose.
Now the administration claims that the president’s new jobs plan will create 1.9 million jobs. Please, Mr. President, the few Americans fortunate enough still to have jobs beg you: Stop “creating” away so many of their jobs.
How about this math?
Under Obamanomics, the poverty rate has increased from 13.2 percent to 14.3 percent. The number of Americans living below the poverty level has increased from 39.8 million to 43.6 million. The number of Americans on food stamps has increased from 31.9 million to 45.2 million.
“This kind of poverty is not an issue I just discovered for the purposes of a campaign,” Mr. Obama said in 2008. “It is the cause that led me to a life of public service almost 25 years ago.” After witnessing the devastation of Obamanomics, however, one wonders if his poverty cause has been to eliminate it or create it.
How about this math?
Since President Obama took office, the average family’s annual health insurance premiums have climbed from $12,068 to a record $15,073. A gallon of gasoline has increased from $1.82 to a painful $3.66. And a gallon of milk has increased from $2.65 to $3.39. The inflation rate has increased from 0.7 percent to 3.77 percent.
To be fair to the president, however, not all prices have gone up since he has taken office. The average single-family home value has dropped from $180,449 to $171,900. So there’s always that.
How about this math?
Since Barack Obama and his Democratic allies in Congress took control of the national checkbook, annual spending has increased from an already mind-blowing $2.9 trillion to $3.8 trillion. The annual deficit has increased from an already shameful $438 billion to an unbelievable $1.5 trillion. Meanwhile, the national credit card balance has increased from $10.6 trillion to a maxed-out $14.7 trillion.
In 2008, Sen. Obama complained that President George W. Bush “added $4 trillion by his lonesome, so that we now have over $9 trillion of debt that we are going to have to pay back - $30,000 for every man, woman and child. That’s irresponsible. It’s unpatriotic.”
Irresponsible, he said, before he tacked on another $17,000 for every man, woman and child. Unpatriotic. It’s hard to disagree.
About the Author
Dr. Milton R. Wolf, a Washington Times columnist, is a radiologist and President Obama’s cousin. He blogs at miltonwolf.com.
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