Reality v Pres. Obama’s Speeches

Keep in mind that Senator Obama, and now President Obama, for five years now, has been focused like a laser beam on rebuilding the economy. Really? I guess it depends on the meaning of “rebuilding.” His speech on the economy last week, was the same speech he has read since day one. More spending, more taxing the rich, infrastructure, middle class, green energy, education, investments, bla bla bla.

Five years later, here’s a progress report (minus $7 trillion in more debt) from an unlikely source. The Associated Press.

Four out of 5 U.S. adults struggle with joblessness, near-poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream. {emphasis added}

… the widening gap between rich and poor, and the loss of good-paying manufacturing jobs …

Faced with the reality that picking victims by race is not working, maybe trying something that would help “everyone” (as in post-racial?) is a wiser approach?

As nonwhites approach a numerical majority in the U.S., (a reality not missed by Democrats, in so many ways) one question is how public programs to lift the disadvantaged should be best focused – on the affirmative action that historically has tried to eliminate the racial barriers seen as the major impediment to economic equality, or simply on improving socioeconomic status for all, regardless of race.

Hardship is particularly growing among whites, based on several measures. Pessimism among that racial group about their families’ economic futures has climbed to the highest point since at least 1987. In the most recent AP-GfK poll, 63 percent of whites called the economy “poor.”

I’m not the only one who sees our American ship heading for the rocks. Most would think this to be bad news. But not our President. He’s getting closer to what he calls leveling the playing field. It is clear, according to the AP, that poverty and pessimism about our country’s future is shared by everyone, regardless of race, equally.

Obama is closing the gap in poverty among the races. Not by lifting those at the bottom, but by lowering those higher up.

While racial and ethnic minorities are more likely to live in poverty, race disparities in the poverty rate have narrowed substantially since the 1970s.

I don’t blame or hold President Obama solely responsible for this disaster. It is the result of something larger than himself. It is Liberalism in general, the ideology, that fails us. Just like it fails in every other country it is tried.

The consequence of spreading the wealth only results in one thing. Spreading the misery.

Link: Exclusive: Signs of declining economic security

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