To The Daily Sun,
This is in response to Patrick Wood's letter in the Oct. 23 edition of The Sun.
I find it interesting that you list all of President Obama's successes while failing to also tell us just how these successes were anything but. Since you didn't feel the need to do so, I figured I would address a few of your points.
— He saved our automobile industry from collapse: No, he did not. He unconstitutionally interfered in the bankruptcy process of both GM and Chrysler. Both companies would have survived Chapter 11 and come out it in a better position to thrive. But by his interference he cost taxpayers billions of dollars we will never get back. He handed over large portion of GM to the UAW, stiffing the bondholders in the process. It was the over-the-top union contracts that helped drive GM into bankruptcy and Obama rewarded them by ripping off the bondholders — mostly mutual funds owned by retirement and pension funds.
— He has practically eliminated our dependence on foreign oil: I'm sorry Patrick, but this happened in spite of Obama. He's tried everything to quash development of our expanding oil and natural gas reserves. He closed federal lands to oil and gas exploration. He's also made it more expensive to move that oil by using every delaying tactic to prevent construction of the Keystone XL pipeline.
— He has helped to bring our unemployment down from over 10 percent to under 6 percent: Umm, no. The actual unemployment rate — the so-called U6 rate — is still above 12 percent. The unemployment figures you're touting as a success merely signify that the number of people collecting unemployment has dropped. That doesn't mean they're employed. It means their unemployment benefits have been exhausted, and when that happens they drop off the unemployment roles. We now have a labor participation rate that hasn't been this low in over four decades.
— He has established a system to provide health insurance for millions: Wrong again. Obamacare doesn't provide one more bit of health care to anyone. You've made the mistake so many others have that somehow access to health insurance automatically equates to access to health care. It does not. It has also stripped millions of Americans of health insurance they already had, already liked, and could already afford and replaced it with something that is more expensive, provides less coverage, and in many cases means they can no longer see doctors they've had for years. How can that be considered a success?
— He has reduced the unfettered increases in our national debt: Really? This president who created more debt than all of the other presidents combined? He wasted hundreds of billions of dollars on a stimulus plan that did nothing more than fill the pockets of cronies and political supporters while doing nothing to help the economy. If you think that over $500 billion in deficit spending this past fiscal year is a reduction, then you've forgotten the trillion dollar deficits he created year after year after year. If a trillion dollar deficit is a problem, then a $500 billion deficit is not the solution.
And one last one — He has built an international coalition to confront ISIL: As compared to the coalitions both George H.W Bush and George W. Bush put together, Obama's is a loose gathering of parties that do not trust each other and have little or no trust in Obama. The president's response to ISIL wouldn't even have been necessary if he hadn't prematurely cut and run from Iraq.
I could go on and on, but frankly I don't see the point. I have no doubt you will see my take on your list of Obama's successes as nothing but political sour grapes. But I am a student of history, and I know a weak and ineffective leader when I see one, and Obama is that kind of leader. He's not successful by any measure.
Dale Channing Eddy
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