Before I get into the letter, which covers the issues in great detail from the point of view of a producer, let me say that Obama’s problem is two-fold.
One- he really did inherit a huge problem that can track itself all the way back to the U.S. leaving the gold standard or maybe, as one opinion writer stated, Reagan in 1980. I’m not an expert in the field of economics but I will say the problem started back in the nineties with the first of many bubbles.
What the one author had pointed out was America had been living beyond its means for a long, long time and the payment for the excess has finally come due. Obama can’t change that.
Two- However, that does not change the fact that Obama is the wrong type of President at the wrong time in our history. His mindset, his agenda, the mindset and agendas of his followers are doing great damage to our already crippled economy. THAT is on him. Many of us who weren’t great Romney supporters because of his big government approach recognized he did bring an understanding of business to the job. That was important. Romney knew what it took to create an environment conducive to economic growth. Obama either doesn’t or doesn’t care.
Now to the letter. This is from the American Thinker website:
It may seem as though nothing has changed, now that Obama and friends have retained control of the government, but that’s an illusion. By laws passed and executive orders and regulations already written, by money printed and debt issued, the Powers That Be have already determined our future. You haven’t noticed because most of the new policies haven’t gone into effect yet, or if they are in effect, there is a lag time until their consequences are felt.
Money. When you shop for food or buy gas, you must have noticed prices going up, a dime here, a dime there. Inflation is already happening, thanks to Obama policies: limits on drilling and refusal to permit the Keystone pipeline drive up fuel costs. Shutting down power plants drives up utility costs. Printing money to offset federal debt inflates everything. Most goods and services will keep getting more expensive. Eventually, people on a low or fixed income (retirees and people on unemployment, welfare or SSI in particular) will struggle to pay for necessities, because cost of living increases won’t keep up with rising prices. We won’t let you starve, of course, but we won’t be able to help you out as much as we have been because our own discretionary income will be smaller.
Health. We expected Romney to repeal/reform healthcare law, but in the wake of the election, ObamaCare remains the law of the land, even though the majority of Americans don’t want it. Its effects on our family will be bad. Your grandmother is prone to falling. If she breaks a hip, she may need hip replacement, a $40,000 procedure for which Medicare, under ObamaCare rules, is likely to deny coverage, since she is eighty-eight. In that case, the rest of the family will chip in and pay for treatment. Ditto for your grandfather’s health needs, at ninety-one. We would not expect you guys to share the burden, since you are still dependents, and under the new law, covered by our policy through age twenty-six. By the way, our premiums are going up by several thousand dollars next year, mostly due to the new law.
Wealth. The day after the election, your father said, “I won’t be able to retire. I’m depressed.” He wasn’t just being emo. He had expected Romney to be elected, bringing into DC a new administration that would be pro business. Instead, we’re ruled by left-wingers intent on ‘redistributing wealth’ from productive people to political cronies and recipients of gubmint checks. Your father had planned to sell his business within the next four years and live on the proceeds in retirement, then pass on the remainder to you and your siblings. Now, that’s unlikely to happen, even if the business remains prfitable. I’m not confident the GOP will negotiate a deal to reduce the tax hikes already written into law for 2013, so our taxes will go up. For the foreseeable future, your father will keep working, with the expectation the feds will keep raising taxes, maybe into the ‘confiscatory’ range (as in France, where the Socialist government taxes high earners at 75%). When your father dies, unless we somehow get out from under the yoke of Obamism, the feds will take a big chunk of his estate. You guys will have to create your own wealth.
Jobs. This fall, a lot of companies kept on employees in expectation ‘the jobs candidate’ would get elected, but as soon as Obama ‘won’, thousands of people got the pink slip. Unless you buy the notion that government spending stimulates the economy, these jobs aren’t coming back anytime soon. Possibly, you and your friends will hang on to part-time student-type work even after graduation: tutoring, sales clerking, lifeguarding, serving food, camp counseling. Compared to the pre-Obama years, more jobs and promotions will be subject to racial quotas, meaning you may lose out on a position you’d otherwise get because you’re white. Federal policy and money favor unions also, so don’t be surprised if you end up joining one, to get a job. Remember how many applications you guys had to send out to get last summer’s jobs? This year, you’ll have to start sooner and apply to more places.
Obama’s policies will turn this nation into the a second tier country. What is sad about this is with a little guidance, with the rest of the world so crippled, we could dominate again. But Obama doesn’t want to govern a dominant America. He hates that part of our history.
So the author of this letter to her children lays out their future under his type of leadership. Instead of three and four percent GDP, we’ll be lucky to break one percent next year if the trend continues. That is basically flat-lining. While the rest of the world contracts, we may be stagnant, which to some will LOOK like growth but it isn’t.
The author ends up the letter talking about issues that don’t deal with the economy but more with our society. They are equally depressing.
Privacy. an evolving concept in Obama World. While U.S. citizens still have First Amendment rights in general, they may be limited in the workplace. Corporate and governmental employers punish political incorrectness. This girl lost her job for making a private posting about Obama on her Facebook page. That case may be an extreme example, but there’s definitely a trend for large employers to monitor the personal lives of employees and demand conformity. Don’t be surprised if your adult workplace prohibits wearing things like a cross or a flag pin, and demands per HR policy that employees not discuss politics or religion at work. As soon as you stop being a student, you will need to increase privacy on your Facebook page, or switch to social media with better privacy. PC behavior should be a no-brainer for you, after going to such a liberal college.
Gift-giving. Every Christmas for the past few years we have bought your grandparents another year of Internet service. That may sound like a boring gift, but I think that sort of thing is a sign of the times. They planned prudently for retirement but like many other people who invested in ‘safe’ Treasury-backed funds, the zero interest-rate policy of recent years has deprived them of most of their income. Our practical Santa gift is worth much more to them than another sweater. Your father and I hope we never become dependent on you guys, but in Obama World, everything seems to be upside down.
If you got the gene for optimism, you didn’t get it from me.
Mussolini was loved for his authoritarian methods by the people he didn’t target. But in the end, he was run down and destroyed by the same former allies once they realized he was not their friend either and that his presence had destroyed their nation and their own lives. The same thing will happen to us. The difference in our way of life and the way of life in Europe is our nation was founded on freedom. Sooner or later, we’ll recapture that essential trait, but I fear only after we have exhausted what appears to be the easier path to those who are intellectually lazy. They dominate our government, our schools and our courts. That is a hard nut to crack but sooner or later their street corner three card Monte scam is going to fold.
And when it does maybe people like the author of this letter will still be around to pick up the pieces.