Far from improving, we have a ways to go before we reach the levels of the 1990s. Which means one could purchase 4% fewer goods and services.
While it is possible to look at some misleading government data like the U3 unemployment rate or the nominal price of stock exchange indices, (unadjusted for the rampant $40 billion monthly Federal Reserve injections and money creation), real wages for Americans are down from 2009, when Obama took office. The data shows real incomes are around 4% lower than they were in 2009. Economic Woesīecause of you, by almost every measure, America is a better place than when we started. There are a lot of dissenting voices against the ACA even being a positive change, but to call it the best we could have even dreamed of is laughable. You told people they had to send Blue Cross $3,500 in premiums every year, and let some 26-year-olds, who are mostly young and healthy, continue to receive the benefits of their parents’ health policy. You didn’t land on the moon for the first time. So, no one could have even *IMAGINED* a better health care answer than requiring millions to purchase overpriced and often practically useless high deductible policies from private for profit corporations? No one could imagine a system better than the one Mitt Romney and the Heritage Foundation created? We couldn’t even “set our sights” at something higher?
If I had told you 8 years ago that America would reverse a great recession, reboot our auto industry, and unleash the longest stretch of job creation in our history… and secure the right to health insurance to another 20 million of our fellow citizens, if I had told you that, you might have said our sights were set a little too high. The following are a few quotes from President Obama’s 50 minute speech: Lack of Vision President Trump took office 10 days later. President Obama gave his farewell address in Chicago on January 10, 2016.