Recall the euphoria that surrounded Barack Obama during the 2008 election season and after he was inaugurated as the 44th President of the United States. Life was going to be blue skies and rainbows, or at least we were told, with hope and change on the way. The American people would be better off and so would our nation with Obama in control. After a little more than two years as the President, those blue skies have turned gray with not the slightest hint of a rainbow.
Some professed that with Barack Obama as President, the staples of life would become affordable if not altogether free. Surely you remember Peggy Joseph who said, at a Barack Obama campaign event in August 2008, that she would not have to worry about paying for her gas and mortgage. Consider what has happened to those staples of life during the Obama presidency.
As of March 14, the average price of regular unleaded gasoline was $3.57/gallon. When Obama took office in January 2009, the price was $1.81/gallon. That represents more than a 90% increase in just over two years.
To put that in perspective, assume you have a 40 mile round trip commute to work, your car gets 20 miles per gallon and that prices remain the same going forward. Relative to January 2009, you are paying about $18 more per week and about $72 more per month at the pump.
The pertinent question we might ask is, “What has President Obama done in the past two years to limit the rise of oil and gasoline prices, if anything?” The answer is…nothing. If anything, his policies have contributed towards rising prices. Recall the moratorium he enacted on oil drilling following the BP oil spill that further limited the supply of the commodity from our own waters. His failure to support drilling in ANWR and his overt allegiance to the anti-drilling environmental fringe has also directly contributed to less supply of oil and therefore higher oil prices.
Ms. Joseph also looked forward to Obama paying her mortgage. Well, many Americans don’t have to worry about a mortgage anymore, as they’ve had their houses foreclosed. In 2009, a record 2,824,674 foreclosures took place, while 2,872,892 foreclosures occurred in 2010. In other words, 5.7 million families have lost their homes, but at least they’re not up all night wondering how they will pay their mortgage.
It just wasn’t supposed to be this way, at least in the eyes of the 53% of voters who cast their ballot for Barack Obama. After all, President Obama’s policies were going to reignite the economy and keep the unemployment rate below 8% at least that is what we were told, thereby making those aforementioned mortgages affordable. The opposite has occurred.