President Barack Obama is certainly not a socialist. In fact, he is more of a Tory, as some media sources in America and even the BBC have stated.
Elected on the Democratic Party’s platform, he resembles much more closely Eisenhower, Nixon, and Ford — moderate Republicans. He has been very pragmatic, his foreign policies have often mirrored Republican policies, and he has tried to work with Republicans.
Obama’s economic policies have not hurt the economy — it is up for debate whether or not the stimulus, for one example, worked or not. According to the “Washington Post,” six studies say it did, one said it only partially worked, and two said it did nothing.
GDP is rising at a slow but steady rate of 2 percent, Wall Street is largely back on its feet, and the housing market is coming back, with more people buying new or preexisting homes, which is causing the construction industry to gain momentum. Those are only a few of numerous areas where improvement is evident, and while the economy is still in a fragile state, it is moving in the right direction.
Unemployment recently fell from 8.1 percent to 7.8 percent, but then rose to 7.9 percent within the past two weeks. This is not a troubling sign, though. This increase indicates at least a small amount of confidence in U.S. workers, as more have decided to actively look for work again.
Under Obama, Americans are paying the lowest taxes in 30 years. According to Factcheck.org, taxes were at their lowest in several decades when Obama took office, and then lowered again in his first year.
In fact, middle-class citizens received some major tax breaks during his first term, going largely unnoticed. Not all taxes have remained at the same rate or have been lowered; indeed, taxation for the healthcare legislation as well as for numerous miscellaneous things has increased.
With the passage of the healthcare bill, the U.S. now has universal healthcare. It is not a flawless piece of legislation, but overall provides numerous benefits to Americans of all age. In addition, healthcare costs and premiums have stabilized and are rising much more slowly than they had over the past decade.