By Alan
Caruba
No need to wait around three years and
beyond to know what Barack Obama’s “legacy” will be. It will be failure. Few, if
any, presidents have demonstrated his level of incompetence and
ineptitude.
Obamacare, the Affordable Care Act, is
called President Obama’s legacy legislation, the one for which he will be
remembered, much as Franklin D. Roosevelt is remembered for Social Security or
Harry Truman is remembered for Medicare. Obama is likely to regret his legacy,
though you can be sure that while he lives he will blame its failure on everyone
but himself.
Obamacare, enacted in his first term,
will be emblematic of the eight years in which every policy Obama initiated
swiftly became a failure. Does anyone recall his “stimulus” with “shovel ready
jobs” that did not materialize? Or “Cash for Clunkers”? How many millions were
loaned to “green energy” companies that rapidly went bankrupt? Not everything
failed. His “war on coal” has been a success if you measure success in the
number of plants generating electricity shut down and workers laid off. And, of
course, there is the doubling of the national debt. It’s a long
list.
The legislative history of Obamacare
begins when it was passed by the House on November 7, 2009 and by the Senate
just before midnight on Christmas Eve, 2009. Both houses of Congress had
Democratic Party majorities, but it required a lot of arm-twisting and political
bribery to enact the bill. President Obama signed it into law on March 21, 2010.
It is doubtful that most members of Congress actually read the bill before
voting to pass it.
By 2010, the midterm elections gave
power to Republicans in the House and narrowed the margin in the Senate.
Significantly, the Senate refused to consider any of the legislation the House
sent over to end the government shutdown.
Virtually everything the President
said about Obamacare before and since its passage has been a lie. In many ways
Obamacare is a mirror image of his character or lack of it. Passed off as a
moral responsibility to provide health insurance coverage to those who could not
afford it, Obamacare is filled with hidden taxes. When you tax something, you
tend to get less of it. It is blatantly unconstitutional in its implementation
of fines for failing to sign up.
To date, Obamacare’s initial impact
has been to turn fulltime jobs into part-time jobs. It has doubled and tripled
insurance premiums. It has caused a reduction in physicians as many elect to
retire or close their private practices due to its low levels of compensation.
Many will not accept patients on Medicare or
Medicaid.
Indeed, to implement Obamacare, $500
billion was taken from Medicare with an additional $818 billion to be taken from
Medicare Part A in 2014-2023. For the senior citizens who were depending on
Medicare to help cover expenses, the likelihood is that they will receive
reduced services and a poorer quality of care, if they even find care.
The nationalization of 16% of the
nation’s economy has been a socialist dream that has been around since the
1980s. It has arrived and, like socialism everywhere, it is a
failure.
Another Obama legacy is his failure to
get the economy on track since the 2008 financial crisis. It was a crisis caused
by the interference in the housing market that has been around since the
creation of two government “entities”, Fannie Mae and Freddie Mac, who not only
purchased billions in mortgage loans, but demanded that loans be made to those
who lacked the capacity to repay them. They then bundled the loans as “assets”
and sold them to Wall Street. Though Wall Street is blamed for the crisis, the
government seized control of Fannie Mae and Freddie Mac. Both are back in business. This is a formula
for future crises.
As Terence P. Jeffery of CNS
News recently noted, “In January 2009, when President Barack Obama took
office, there were 80,507,000 Americans not in the labor force. Thus, the number
of Americans not in the labor force has increased by 10,102,000 during Obama’s
presidency.”
A recent report from a coalition of
businesses, advocacy groups, policy experts, and nonprofit organizations
concluded that 49 states have seen an increase in the number of
families living in poverty and 45 states have seen household median incomes
fall in the last year.
Led by Opportunity
Nation, a think tank that focuses on the young, the report concludes that
almost 15% of those aged 16 to 24 no longer attend school or have a job. This is
a vast aimless and frequently hopeless cohort of the population. It does not
bode well for the future in terms of skills that will not be taught and will not
be utilized.
And yet this is a President who, in
the wake of the failure of the Obamacare website, said, “Thousands of people are
signing up and saving money as we speak.” He is
lying.
Like the fable of the little boy who
cried wolf too often, millions of Americans no longer believe anything Obama
says these days. Even for his supporters, the evidence is so great as to be
unavoidable.
It is increasingly likely that the
2014 midterm elections will resemble the 1994 election that returned Republicans
to control of Congress after some four decades by the Democratic Party.
© Alan Caruba, 2013
.JPG)
.JPG)
.JPG)
.jpg)
.jpg)
.jpg)
.jpg)
.jpg)
.jpg)
.jpg)
.jpg)
.jpg)
.jpg)
.jpg)
.jpg)
.jpg)
.jpg)
.jpg)
.jpg)
.jpg)
.jpg)
.jpg)
