It was simply a matter of time before distressed Democrats turned to their hero in waiting, Barack Obama.
The former president decided to kick off his barn-storming campaign in his own backyard at the University of Illinois, where he was assured to receive a warm and friendly welcome from students.
Obama is responsible for sweeping legislation making student loans more affordable and much easier to acquire, no doubt a good thing if you’re a student. However much like Obama’s welfare program, the student loan program was riddled with fraud and misuse, because it lacked government oversight, and actual accountability, on how the money was actually spent.
A recent survey in 2017 by the student loan news site LendEdu, tracking how student loans are spent found that 30.6% of students with debt “claim that they are using the money they received from student loans to help pay for their spring break trip this year.”
The study also found that more then one-third of the students use the loan for “non-education expenses, with almost 6% buying drugs and alcohol, and 5.6% using funds for gambling or sports betting.
The former president was a master of deception using the federal government as a piggy-bank, rather than actually solving economic issues. Which brings us back to his mishandling of welfare programs designed to temporally help the neediest within our society, rather than a perpetual lifestyle.
Under Obama, government handouts increased from 32-million individuals in 2009 to over 44-million individuals in 2017 receiving some type of government benefit, usually with little government oversight or accountability, which of course increased the rate of poverty from 38-million to a staggering 45-million individuals.
No doubt Democrats are taking a big risk with Obama’s self-aggrandizing, smug and contentious speech Friday — targeting the president and in particular the economy.
“By the time I left office, household income was near its all-time high, and the uninsured rate had hit an all-time low, and wages were rising, and poverty rates were falling. I mention all this just so when you hear how great the economy is doing right now, let’s just remember when this recovery started,” Obama told students.
“When you hear about this economic miracle that’s been going on – when the job numbers come out … and suddenly Republicans are saying, ‘It’s a miracle!’ I have to kind of remind them: actually, those job numbers are the same as they were in 2015 and 2016,” he said.
Obama is correct when he mentions the number of jobs he created by volume is almost equal to that of President Trump. However to use an old cliché… “the devil is in the details.”
Two Obama economists admitted that over 94% of all “new jobs” created under Obama were part-time jobs. Both Harvard and Princeton economists Lawrence Katz and Alan Krueger confirm that from 2005 to 2015, the proportion of Americans workers engaged in what they refer to as “alternative work.”
This increased under the Obama Administration from 10.7% in 2005 to 15.8% in 2015. The definition coined by Obama referenced “temporary help agency workers, on-call workers, contract company workers, independent contractors or freelancers.” The work performed is generally unsteady, without a fixed paycheck and with virtually no benefits.
Also lest we forget during Obama’s 8-years as president, the Democratic Party lost over 1,000 elective seats within local, state and federal elections, making it one of the worst loses for a political party within recent decades.
Perhaps just as telling as Obama’s dismal economic record, is his uncontrollable narcissistic personally in referencing himself within a 64-minute speech 102 times, using phrases such as “I, My” and “Me.”
The irony, of course, is while Obama is attempting to take credit for the financial well being of the country, not one Democrat voted for the Trump economy.