First and foremost—yes—the title’s a pun. Now, onto the consequences of President Obama’s eight years in office. Everyone knows Barack Obama didn’t take office under preferable conditions: an economy in freefall, unpopular wars abroad, and a rise in terrorism. Any decisions made during that time period must be consequential, and responsibility and forward thinking are vital qualities that any president must possess. Barack Obama, the 44th President of the United States, continually proved to be ignorant to such qualities.
In 2009 upon taking office, President Obama and his majorities in the house and senate decided to pass a stimulus package, which included Wall Street and GM bailouts. Both bailouts were irresponsible. The subprime mortgage crisis was a consequence of bankers loaning houses to people who could not afford such houses. The bankers knew that an alarming amount of homeowners couldn’t pay their mortgages and that the government would “have to” bail them out. President Obama decided to bail them out, which revealed his weakness and irresponsibility. Bailing out these mega banks after irresponsibly profiting off of crashing the global economy proved that the banks had ultimate power and could do whatever they pleased. On top of this, Obama asked Goldman Sachs insiders (many of whom received ten-figure exit bonuses) to rewrite the banking code. This is analogous to a chef asking an acquaintance who poisons his food to write his cookbook. It doesn’t make any sense unless you’re a politician looking for money in exchange for policy reform. The corporate Democrats led by Obama were. In addition, we live in a free market society here in the U.S. and in free markets some business succeed, while others fail. It is natural, and recession is a time for the weaker businesses to dissolve out of the economy. Recession isn’t inherently bad. It is a natural part of any economy and it is the best and most natural way to fix fundamental problems in an economy. President Obama ignored this fact when he unnaturally selected General Motors as a winner and your small business as a loser. A market isn’t free if the people at the top are allowed to make irresponsible decisions and those below them don’t get a chance to climb the ladder and be in their position. The American Dream was predicated upon the belief that anyone can make it big, and when those at the top aren’t allowed to fail, it makes the game more unfair. The worst part is, when you get laid off or your business fails, you get cut at the knees by Big Brother, kicking you while you’re down via increased taxation, only to wait for the same thing to happen. Responsible people do not kick the can down the road—allowing their problems to exacerbate, they face them.
Considering that we were also spending north of one billion dollars a day in Iraq and Afghanistan at the time and that the economy was in collapse, taxes couldn’t get much higher without crippling even more individuals and businesses financially. President Obama knew this, but needed to raise taxes to fund his stimulus package. However, his spending deficit exploded into the stratosphere and has been there ever since. Generally, this is no issue in the short term, but if the federal reserve and other entities that own our debt lose faith in our ability to repay them, the entire global economy will see a collapse unlike any other in history. Barack Obama also knew this, but instead created artificial growth when picking winners and losers in the market—instead of letting the recession do its job. Since the deficit never got under control, we are currently headed towards that perpetual collapse. Prudent action must be taken against it, but President Obama failed to recognize another fact: once the government grows, it is difficult to shrink. He grew the government to point where any amount of sensical taxation would not be sufficient to meet the spending that accompanied it. He drove us directly into the quagmire we find ourselves in today.
Next, we have the Unaffordable Care Act. If you thought Obama asking irresponsible bankers to rewrite the banking laws didn’t make sense, you’re in for quite the treat. The Affordable Care Act was intended to give an affordable healthcare plan to those who didn’t already receive one. Despite disagreeing with this policy because it would increase government spending, it isn’t the worst idea in the world. Sadly, Obama found a way to make it the worst it could possibly be. Barack Obama knew that Obamacare could only succeed if everyone paid for it, so he mandated that everyone purchase a form of insurance, which—again—isn’t the worst idea in the world, but just wait—it gets worse. The fine for not having insurance was cheaper than buying any plan under the Affordable Care Act, so logically, people who knew this paid the fine and waited to get healthcare when they got sick, which destroys the concept of insurance. If I were to call the insurance company after my house burned down, asking for fire insurance to cover the cost of my house, they would decline because I didn’t have a plan and never paid a premium. Insurance works because the insurers collect small sums of premiums to cover large sums of money when catastrophe strikes. If no one buys insurance, then premiums skyrocket, making them unaffordable. The literal legal title of Obamacare is fake Democratic propaganda.
That’s a lot of economic talk, and 44’s presidency had great international ramifications as well. One of Barack Obama’s biggest campaign promises was pulling out of the perpetual wars in Iraq and Afghanistan. In Iraq, Obama pulled out so quickly that he left behind military vehicles, weapons, and ammo—and lots of it. Guess who stole all of it? Our good friends from ISIS. Yep, Obama created the power vacuum in Iraq that was filled by ISIS. ISIS stands for the Islamic State in Iraq and Syria—you probably knew that—but how’d they seize control in Syria? Well Syrian dictator, Bashar al-Assad, decided to chemically bomb hospitals and other locations in his own nation. Barack Obama had exclaimed that the Syrian dictator had “crossed the red line,” and promised to take out his chemical weapons. The next day Vladimir Putin told Obama that there was no worry—that he’d take out the chemical weapons. Surprisingly, President Obama trusted the Russian dictator. He shouldn’t have. Assad continued to bomb his people, and Obama watched the genocide from the sidelines. Consequently, ISIS gained more and more land and power.
In addition to allowing ISIS to form, Barack Obama signed the Iran Nuclear Deal, sending $150 billion to the Iranians. The money was frozen for decades from the Iran Hostage Crisis of 1979. In exchange, Iran would promise to put a halt to its nuclear program. The payment would have been fine if it weren’t so illegal that it had to be paid in twentynine different currencies. I couldn’t tell you the names of twentynine currencies. In addition, it was later proved that the Iranians lied about the extent of their previous nuclear plans, which was yet another slap in the face to Obama’s deal.
In summation, Barack Obama’s presidency was an incredibly consequential period. It was so fraudulent that major parts of the Hope and Change website had to be edited: such as leaving Afghanistan, supporting whistle-blowers (Obama prosecuted more journalists through the espionage act than any other president ever), and removing the Bush 43 tax cuts. Obama’s presidency had more negatives than positives, but its greatest consequence hasn’t been mentioned yet in this article: Donald J. Trump. Obama’s presidency was mostly hope and change on the outside—and continuity on the inside. Trump was America’s next choice to defeat the status quo. So, if there’s anything left to say, it’s: thanks, Obama.