Here is why the so-called the "private sector" is not doing so well. For the average "private-sector souls," the cost of health insurance is up, or their company is offering a program with a vastly higher deductible. Their pharmaceutical costs are through the roof, and if they are seniors, they can't find a family physician who will take Medicare because of planned reimbursement reductions. All of this is allegedly "defensive medicine" to brace for "Obamacare." Thank you, Mr. President.
For the average "private-sector souls," their house has lost value, they are fighting to keep up with their mortgage, and the "big bank" that loaned them the money to buy it won't work with them at all to lessen the pain. Those banks are now so regulated by Dodd-Frank that even if they wanted to, they would only lend money to those who don't need it. Thank You, Mr. President
The president's answer to our economic woes is to "tax the wealthiest Americans" as soon as possible and increase the tax on "capital gains" for the same "rich folk." That's great. So the small-business owner who employs three or four people and pays his or her corporate taxes basically on an individual basis has to consider letting another employee go in January of 2013 in order to make ends meet. And the average person with shares in the stock market figures it will be time to sell before those 2013 capital gains tax increases go into effect -- likely causing a down market. Thank you, Mr. President.
Here's my take on Barack Obama. I really do believe, unlike many who pontificate, that Obama is a good man with a fine family. It's just a simple matter of a president who never worked in the private sector, only knew government and social activism as an answer to any problem, and a guy who quickly -- through books and the magic of the modern presidency -- will never know the economic and personal hardship of running a small business, thinking he understands the private sector.
The public is catching on to this, and they are ready to say, "Thank you, Mr. President" -- as they usher out the door of the White House in 2013.