LAMBRO: Gloomy days are here again

The Obama legacy continues

continued from page 1

Story Topics
Question of the Day

Is it still considered bad form to talk politics during a social gathering?

View results

The key reasons behind the pessimistic mood that has cast a pall of gloom across the country can be found in Gallup’s other polling data to take the economic pulse of the nation each week or so. Among them:

Unemployment: 8.0 percent.

Underemployment (people forced to take part-time or temporary jobs, or work fewer hours, because they cannot find full-time employment): 18.1 percent.

Economic confidence: minus 19.

Americans who say they are “struggling”: 44 percent.

Americans who say they are “suffering”: 6 percent.

Americans who say they are under “stress”: 13 percent.

You do not have to scour the country, or dig deeply into the nation’s economic and social data, to discover why so many Americans have become increasingly pessimistic, not just about America’s future, but about their own daily finances.

When Mr. Obama took office on Inauguration Day 2009, regular gas was selling for $1.90 a gallon. Under his restrictive, anti-fossil fuels policies, gas prices have more than doubled.

According to AAA’s nationwide gas pump surveys, the average price for a gallon of regular was $3.80 this week, and $4 or more in many sections of the country.

Mr. Obama promised us he would do something about the rising costs of medical care. The Wall Street Journal reports that “Health insurance premiums have been rising — and consumers will experience another series of price shocks later this year when some see their premiums skyrocket thanks to the Affordable Care Act, aka Obamacare.”

Mr. Obama repeatedly has claimed that health insurance policy premiums would be $2,500 lower at the end of his first term, but prices are “actually about $3,000 higher — a spread of about $5,500 per family,” the Journal reported.

Some of Mr. Obama’s chief advisers and supporters say we had better get used to high unemployment, far slower economic growth, rising taxes and higher prices just for the essentials of life — because this is “the new normal.”

Don’t believe that for a second. The dismal, jobless economic period we are in is entirely abnormal, brought about by people and policies put into play by Mr. Obama.

Our debt didn’t just happen. It is the result of excessive spending fueled by Mr. Obama’s costly programs. Jobs are in short supply because of his anti-growth, anti-jobs policies that killed trade expansion, slowed oil drilling and raised taxes on business investment and job creation.

Story Continues →

View Entire Story

© Copyright 2014 The Washington Times, LLC. Click here for reprint permission.

About the Author
Donald Lambro

Donald Lambro

Donald Lambro is the chief political correspondent for The Washington Times, the author of five books and a nationally syndicated columnist. His twice-weekly United Feature Syndicate column appears in newspapers across the country, including The Washington Times. He received the Warren Brookes Award For Excellence In Journalism in 1995 and in that same year was the host and co-writer of ...

Latest Stories

blog comments powered by Disqus
TWT Video Picks
You Might Also Like
  • Maureen McDonnell looks on as her husband, former Virginia Gov. Bob McDonnell, made a statement on Tuesday after the couple was indicted on corruption charges. (associated press)

    PRUDEN: Where have the big-time grifters gone?

  • This photo taken Jan. 9, 2014,  shows New Jersey Gov. Chris Christie gesturing as he answers a question during a news conference  at the Statehouse in Trenton.  Christie will propose extending the public school calendar and lengthening the school day in a speech he hopes will help him rebound from an apparent political payback scheme orchestrated by key aides. The early front-runner for the 2016 Republican presidential nomination will make a case Tuesday Jan. 14, 2014, that children who spend more time in school graduate better prepared academically, according to excerpts of his State of the State address obtained by The Associated Press. (AP Photo/Mel Evans)

    BRUCE: Bombastic arrogance or humble determination? Chris Christie’s choice

  • ** FILE ** Secretary of State Hillary Rodham testifies on Capitol Hill in Washington, Wednesday, Jan. 23, 2013, before the Senate Foreign Relations Committee hearing on the deadly September attack on the U.S. diplomatic mission in Benghazi, Libya, that killed Ambassador J. Chris Stevens and three other Americans. (AP Photo/Pablo Martinez Monsivais, File)

    PRUDEN: The question to haunt the West

  • Get Breaking Alerts