President Obama's broken promises
President Obama came into office with a message of hope and change. Almost four years later, President Obama's record is filled with broken promises and job losses, and he's trying to earn your vote for re-election with a campaign slogan of divide and blame.
As the President campaigns around the country trying to convince the American people that his administration hasn't been an utter failure, let's examine his record.
President Obama promised us our premiums would go down $2,500 per family per year if we passed Obamacare, but family premiums increased 9 percent last year.
The President promised us he wouldn't raise taxes on middle class families making less than $250,000 a year, but Obamacare raises taxes on health plans, medical devices, prescription drugs, and employers, and 75 percent of the individual mandate tax will fall on the middle class.
The President promised he would cut the deficit in half by the end of his first term, but because of his out-of-control spending, he has created record trillion dollar deficits every year in office, and he's increased the deficit by $5 trillion since he took office.
President Obama promised that if he didn't have the economy fixed in “three years” then his presidency was “going to be a one-term proposition,” but since he took office, the national unemployment rate has been above 8 percent for a record 41 straight months.
The President promised that his stimulus package would keep unemployment below 8 percent, but the U.S. has lost nearly half a million jobs since he took office, the unemployment rate is still above 8 percent and 23 million Americans are unemployed, underemployed or have simply stopped looking for work.
The President's entire plan to get the economy back on track is to emulate Europe. He wants higher taxes, more spending and more borrowing. The notion that we can borrow our way to prosperity, the notion that government creates jobs, the notion that we can spend our way to opportunity is just flawed and does not work in the real world.
By any measure, the President's approach has failed. He is the most liberal and incompetent President we have had since Jimmy Carter. Before becoming President, he had never run anything. Nothing. Not a business, not a state, not a law firm, and not even a lemonade stand. The results of his presidency show that. That's why we simply cannot afford another four years of President Obama. We have to pursue another path.
We have shown in Louisiana that you can take the exact opposite approach of President Obama and create opportunity for people. We have cut the state budget by 26 percent, reduced taxes on families and business, and fostered an economic environment where businesses want to invest.
Through these efforts, every month since January 2008, Louisiana's unemployment rate has been below the national and Southern averages. Per-capita personal income has increased by $2,700 in the last four years. In fact, Louisiana's per-capita income rank has jumped 17 spots since 2000 and now is at its highest ranking in more than 80 years.
Most importantly, after more than two decades of more people moving out of Louisiana than moving into our state, more people are now moving into Louisiana than moving out.
In short, despite the national economic downturn and the job-killing policies of President Obama, Louisiana's economy has outperformed the national and southern economies. We can and must do better. That means making Barack Obama a one-term President and electing Governor Mitt Romney who will do what we have done in Louisiana and reinvigorate the private sector to create opportunity for people.
There's a very clear choice in this election. We can either go the way of Europe with higher taxes, more spending, and more debt for our children and grandchildren, or we can pursue the American way and reinvigorate the private sector.
comments powered by Disqus
The $50 billion boom