It was a difficult hour-and-a-half to sit through as I listened to the little man talking on the television. It was President Obama’s sixth “State of the Union” address, and like the five before he took credit for things he didn’t do.
“At this moment — with a growing economy, shrinking deficits, bustling industry and booming energy production — we have risen from recession freer to write our own future than any other nation on Earth,” Obama said
The problem is — the economy still hasn’t recovered.
According to the Associated Press, lower-paying jobs are fueling job growth; part-time jobs also remain higher with 1.7 million fewer people holding down full-time jobs than when the recession began in December 2007.
“And the faster hiring hasn’t pushed up wages much,” the AP continues. “They have been growing at a tepid pace of about 2 percent a year since the recession ended 5 1/2 years ago. That’s barely ahead of inflation and below the annual pace of about 3.5 percent to 4 percent that is typical of a fully healthy economy.”
And their assessment only gets worse.
“That has left the income of the typical household below its pre-recession level. Inflation-adjusted median household income reached $53,880 in November 2014, according to an analysis of government data by Sentier Research,” they continue. “That is about 4 percent higher than when it bottomed out in 2011. But it is still 4.5 percent lower than the $56,447 median income in December 2007, the month the recession began.”
As for any credit took about “booming energy production,” you and I know that he’s done everything in his power to drive down both the oil and coal industries. Increases in oil production needs to be credited to ‘wild-caters’ fracking on private lands.
Obama also took a shot at supporters of the Keystone XL pipeline, saying, “Let’s set our sights higher than a single oil pipeline. Let’s pass a bipartisan infrastructure plan that could create more than 30 times as many jobs per year.”
Adding to his claims on increased energy production, Obama also spoke of ‘climate-change/global warming,’ warning of rising ocean levels, more intense heat waves, and perilous droughts and floods, vowing, “I will not let this Congress endanger that health of our children by turning back the clock on our efforts.”
There is so much more, but for now, I need a couple of aspirin — my head is about to explode.