As the presidential election of 2012 approaches, Americans will be looking back over President Obama’s first term in office in an attempt to determine whether he is worthy of a second term. Obama’s first term began with high hopes that he would be able to heal the partisan rift that split the nation, heal the wounds left by the recession and restore the image of America abroad that was tarnished by the wars against the terrorists.
President Obama entered office with a strong mandate and high approval ratings. Almost immediately he began to expend his political capital on the stimulus law of February 2009 that he said would keep unemployment rates from rising above eight percent and help put America back to work. While the stimulus did include some “shovel-ready” public works projects and minor tax cuts, much of the nearly $821 billion was wasted on a laundry list of long-time liberal wishes. The CBO estimates the cost of each stimulus job created or saved at $228,055.
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http://www.examiner.com/conservative-in-atlanta/barack-obama-the-wrong-man-for-the-wrong-time
Tags: Barack Obama, debt, deficit, economy, election 2012, federal government, foreign policy, iran, Israel, Libya, recession, spending, Syria
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