27
Feb
15

Is Obama the Ghetto President?

With US stock markets soaring to all time highs of late and prosperity amongst the wealthy also to record levels Barack Obama in his 7th year as US President has created some disturbing issues or concerns that are not reported in mainstream media. Record number of individuals are reliant on food stamps, 1 in 5 people are in collections, the gap between the rich and the poor has far exceeded that in the Roaring 1920’s and is at record levels, 40% of the country has no savings for emergencies, more than half of all students in the public school system come from poverty, child poverty is unprecedented, the average debt per household is over $200,000, there are an unprecedented number of boarded up properties, there are record number of commercial as well as residential real estate sitting vacant or classified as zombie foreclosures, poverty rates and indifferences amongst black and other minorities within America are staggering, post secondary school education has soared and become only affordable to the rich, student loan debt is staggering and consumers are in personal debts at record levels to name a few concerns. It seems that Obama’s legacy as President will have only benefited very few connected to Wall Street as well as the top echelons of wealthy in society and will be remembered as one of creating the greatest disparity in American history. Coming from a Senate position in Illinois where economic disparity and poverty is unsustainable (especially in areas of Chicago) it seems though Obama has left a trail of not addressing such issues almost turning his back to them. When images of riots happening in some of the poorer neighbourhoods (such as what happened in Missouri) it is becoming apparent that the Obama administration has created more economic ghettos in America? Will he be remembered as the Ghetto President?

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