My good friend, Hal Jackson, was on the speaking circuit giving humorous talks for years, so I don’t know if his recent letter was to be humorous or not.
Hal suggests we are better off today than when Obama took office. He may be, but Joyce and my retirement funds have lost almost a third of their value in that time. Our retirement checks have shown very small increases. For example, our 2013 Medicare premiums will increase by $532 each and my 2013 Medicare supplement insurance premium is increasing $400 over 2012.
At 74, I recently drafted a new resume and am seriously looking for a part-time job. Filling our gas tank costs nearly twice what it did four years ago. Groceries, utilities etc. have increased more than our income. Our national debt has increased from $45,000 to around $60,000 for each of us. Our great grandchildren will struggle to make the interest payments, most of which go to China.
Enough about my family. When Obama became President, we were ranked 1st in the world in economic competitiveness; now we are 7th. Fewer Americans are working today than any time since the early 1980s. US Labor statistics suggested that the unemployment and underemployment rate was 13.5% in 2008. Today they estimated at 18-19%.
Four years ago, Obama promised to have the unemployment rate near 6%; to reduce the deficit; to improve our world standing; etc. etc. He’s failed on every count. My father liked to say “Do as I say, not as I do.” This president likes to say “Ignore what I’ve done, just listen to what I say.” Do we really want to risk what a lame duck President Obama could do to us in four more years?