President Obama spent much of Tuesday’s farewell address boasting about his success, but the facts paint a much different picture. The truth is, he oversaw the precipitous decline of the American economy, rammed through a disastrous health care law and presided over a thoroughly failed foreign policy.
The last eight years have brought the lowest labor participation rates since the 1970s, with 95 million Americans out of the labor force. The so-called recovery has been the weakest one since the 1940s. We have the lowest home ownership rate in 51 years – despite mortgage rates artificially kept at record lows. Over 11 million more Americans are on food stamps since he became president and more than 43 million Americans now live in poverty. One of every six men between 18 and 34 are either in prison or out of work.
And by the time he leaves office, President Obama will have added more to our national debt that all the other presidents before him combined. When President Obama finally leaves office, the national debt will be almost $20 trillion. Prior to taking office, the man who has tacked on $9.3 trillion to what our children and grandchildren owe once said the then $9 trillion national debt was “unpatriotic.”
From ObamaCare to foreign policy to the fight against terror there's no doubt President Obama's legacy is one of severe damage to the country. But the good news is that we’ll have a new president in 10 days in Donald Trump. The president-elect has promised to clean up this mess and he has a very clear plan to do it. He will create millions of new jobs, lower taxes, reform the tax code, negotiate better and fairer trade deals, cut burdensome regulations, encourage multi-national corporations to bring back trillions of dollars, promote energy independence repeal and replace ObamaCare, build a border wall, vet refugees and appoint originalist justices to the U.S. Supreme Court.
There’s reason to believe real, lasting change is coming our way. It will be up to all of us to hold Trump and his team accountable.
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