Commentary by Brown: Obama economy is making you poor
Special to the Nevada Appeal
While Barack Obama spends his time running victory laps around the country over the killing of Osama Bin Laden, the American economy is careening toward a dangerous cliff. Royal Weddings, Obama’s multiple birth certificates, and absurd arguments about the NFL lockout dominate the news while daily Americans get poorer.
Obamanomics is a disaster. A greater disaster hasn’t been visited on the United States in our economic history because we are taking no substantial steps toward recovery. The real news, which should be screaming from every television and newspaper isn’t pro Obama, therefore, it is ignored.
Here are the stories on which we should be focusing: The U.S. dollar has slumped to a record low against major currencies. Since we have devastated our manufacturing base over the last two decades, this will result in Americans paying substantially more for goods on the store shelves in retailers.
The outlook for the recovery has diminished to almost zero. If you subtract the impact of inflation, many economists believe we are actually still in a recession. When I talk to my friends and neighbors outside of Washington, D.C., we unanimously agree we still are in recession.
Here are some statistics which will help you understand the pain. More Americans are on food stamps today than at any other time in history. That’s right – the most in history. The number of persons on food stamps is 44.2 million according a recent report from the U.S. Department of Agriculture.
Those not on food stamps feel a different pain when they buy groceries. We see unbelievably high prices at the grocery store. The cost of living in the U.S. rose at its fastest pace since December 2009 in the 12 months ended in March. Wheat, meat, vegetables and other grains are all surging in price.
But if you don’t have a job, it is hard to shop for groceries.
The unprecedented easy money policies from the Federal Reserve haven’t helped the real economy. The majority of Americans have felt only the pain of higher food and energy prices from the misallocation of dollars.
Americans are spending as much as $100 a week just to fuel the car to commute to work. Why hasn’t the president cleared the decks to deal with this energy crisis? It is a crisis when it costs as much to commute to work as you make in take home pay. Many Americans are already at this tipping point. Obama mutters on about windmills and electric cars. We need off-shore drilling and increased production to ease this pain.
At least open the Strategic Petroleum Reserve to bring down prices in the short term.
While the nation shudders under unmanageable regulatory and monetary burdens, Obama is oblivious. Obama is flying from city to city collecting cash for his re-election drive. And don’t let us forget he is spending over a hundred thousand dollars to a teleprompter coach.
And we thought standing and delivering a prepared text in front of a teleprompter was a skill he had already mastered. How about a coach on how to manage the American economy? Obama’s priorities are obvious, and they aren’t on helping everyday Americans, but his buddies and himself.
• Floyd and Mary Beth Brown are bestselling authors and speakers. To comment on this column, e-mail email@example.com.