Earlier this week during the televised "town hall" meeting with the President, one of his exhausted supporters asked the President a question.
Attachment 7484
Velma Hart: "....hot dogs and beans .....is this my new reality?"
Attachment 7485
President Obama: ".....so, yeah, the ahh, yep, so, so, the, the life you describe, one of responsibility, looking after your family, contributing back to your community, that is what we want to reward........Let me give you a couple of examples......"
He offered up the following examples:
- nationalization of college loans
- more regulations on credit card issuers and loan originators
- an unfunded government mandate that requires health insurance companies to cover children with pre-existing conditions
and he concluded by saying there are "a whole host of things that we have put in place to make your life better."
Unfortunately, he didn't offer any specifics that directly addressed the feelings of economic insecurity that she expressed.
Maybe that's because everything else he has tried hasn't worked and his economic strategy cupboard is bare what with the recent resignations of his top economic advisers, Peter Orszag, Christina Romer and Larry Summers. [Austan "Obama's NAFTA campaign promise is empty rhetoric" Goolsbee - really!?!, really!?!]
The recession may be technically over, but last week's new unemployment claims are up by 12,000 to 465,000 newly jobless workers.
What is our new economic reality under this President?
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