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Grading Obama’s Presidency

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  • Description

    FBN’s Gerri Willis looks at the economic data under the Obama Administration.

  • Duration 2:39
  • Date

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This transcript is automatically generated

And onto the back of the envelope.

The elite media is full of stories this week grating the president on the job he's done over the past four years -- -- -- -- set out to do.

How well did he carry out Health Care Reform banking reform and any squeeze enough money out of the wealthy with tax increases.

In other words the media is grating the president on whether he carried out the to -- he walked into office -- Greeting him on his own terms.

Frankly that doesn't matter to me what I think is important is what have you done for the American people Mr.

President.

-- -- any of that Janet Jackson song what have you done for me lately.

Remember Obama said he wanted to be a transformational.

President -- a caretaker but a change agent.

And fortunately the changes I think -- not so good.

In a country which we assumed our paycheck will get bigger over time -- the opposite has happened.

Median household income was lower when the president took office it was 510019.

50054.

That's most recent number available strangely household income declined even more after the recession -- jury in the recession.

A fluke that's beginning to feel like the new normal.

The numbers of Americans who are working are down since president's first inauguration and the unemployment rate is up to seven point 8% from seven point 3%.

Look our entitlement programs are another step closer to being broke.

When the president first took office Social Security trustees' forecast it would go broke and 2041 now they say 2037.

Medicare's hospital trust fund will be -- -- by 20/20 four.

And debt catching up through the roof.

On January 20 ninth 2009 our national debt was just ten point six trillion or 34782.

Bucks for every American today.

Sixteen point four trillion.

More than 52000 dollars for each and every American out there and that my friends is a legacy our children our grandchildren don't need.

And that's a problem.

Barack Obama has been a transformational president a president who was transformed our country but not no way I like.

We are confident in our future before excited by our prospects we knew we had headwinds for sure but now we're burdened by a bigger government.

A more far reaching government that wants to be in our doctor's office on our gun rack.

To answer the question Mr.

President what have you done for us lately I'll quote another song lyric I ain't seen nothing yet.

That's what I think now we want to know what you think drumming email Jerry at foxbusiness.com.

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