NewburyportNews.com, Newburyport, MA

Opinion

November 20, 2012

Not much hope for what lies ahead

The 2012 election is finally over and many of us are glad — no more calls, no more political ads, just back to normal. But now comes our major problem: What will this election mean for the nation?

For me personally, the election results are devastating. I had hoped for different results.

The nation has elected a president who has failed at every level. Under his watch our national debt rose to $16 trillion and now will rise to $21 trillion in the next four years. Four million mortgage foreclosures, 23 million underemployed workers, a failing educational system, a failing foreign policy, lowest GDP growth in 25 years, cities going bankrupt, retirement funds failing, a rising poverty rate and continued bank failures across our nation.

President Obama has placed his energy policy on renewable sources and at this point in time we have 50 companies on the brink of failure and 23 renewable energy companies across the nation have gone bankrupt, all this with your tax dollars to develop these failures.

You have elected a president who is priding himself as a warrior for the middle class while crippling the class he claims to support.

His failure on the XL pipeline that would have created 20,000 good-paying middle income jobs.

His auto bailout closed car dealerships across the nation, putting thousands of good-paying, middle-income jobs in the loss column. Hundreds of small business leaders lost. Thousands out of work, but he claims to be for the middle class.

His shutting down of our space program will put thousands of people, middle-income workers out on the street. We will lose small businesses, scientists and middle income jobs.

His plan to reduce our defense budget by $1 trillion over the next 10 years will result in the loss of a million good-paying, middle-income jobs.

This action will not only create job loss but put our national defense security in jeopardy as the world is in a terrible state with threats of war everywhere.

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