How is that Hopey Changey thing working for you?
Thursday, June 16th, 2011“Misery Index” Up 62% Since Obama Took Office.
The annual inflation rate for May climbed to 3.6% as price spikes spread beyond oil and food. At the same time, May’s unemployment rate edged up to 9.1%, yielding a Misery Index of 12.7.
That marks the fourth straight monthly increase in the index, which is now 62% higher than it was when Obama took office…
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Regulation: In just his first 18 months in office, Obama imposed 43 regulations that will cost, by government estimates, $26 billion. And that doesn’t count the avalanche of costly new rules headed our way courtesy of ObamaCare.
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Taxes: While Obama grudgingly acceded to keep all of Bush’s tax rates in force for two more years, he agitates endlessly for massive tax hikes on the “rich.” His debt plan calls for raising the top tax rates to pre-Bush levels and squeezing an additional $1 trillion out of them under the guise of “tax reform.” All of the tax cuts he has approved have been gimmicky and short-term.
Spending: Federal outlays have risen more than 25% since Obama took office, and they’re on track to eat up almost a quarter of gross domestic product for the foreseeable future — a spending level not seen since World War II. Annual deficits, meanwhile, have topped $1 trillion every year since Obama took office.
Debt: Gross federal debt has climbed more than a third under Obama, topping $14 trillion. His budget plan puts it on a course to reach $20 trillion by 2016.
Don’t expect any “change” in the path to self-destruction that our Dear Leader, Barack H. Obama is bound and determined to drag the country down from him. The American electorate is going to have to force change in November 2012.