To the Editor:
As an employee of all U.S. citizens, it is time for President Barack Obama’s performance review. When he was hired, he made a commitment to make us a better company and correct the problems that were created by our former employee, George Bush. The president’s performance is as follows:
• Annual federal deficit in 2008 was $458 billion. In 2012, it is $1.33 trillion.
• The cumulative public debt in 2008 was $5.14 trillion. In 2012, it is $10.95 trillion.
• Gasoline prices in 2008 were $1.87 a gallon. Today, they are on average $3.91 a gallon.
• Food stamp distribution in 2008 was 28.2 million. Today, we have 44.7 million on food stamps. The poverty rate in 2008 was 12.5 percent. Today, it’s in excess of 15 percent.
• Unemployment in 2008 was 7.2 percent. Today it is 7.8 percent. This does not take into consideration those who have just given up and are no longer in the workforce.
• In the last quarter of 2008, the median household income was $55,380.17. The last quarter of 2011, median household income was $52,377.21, an income drop of $3,002.96.
• Overall welfare spending as measured by obligations has grown from $563 billion in 2008 to $746 billion in fiscal 2011, an increase of 32 percent.
Obama has failed to submit a budget, which is against company policy. This alone is grounds for termination.
Based on these review points, Obama’s performance has not been satisfactory. Why should we continue to employ him?