To the Editor: Start date: O.Y.5 (Obama Year 5)
Now 100 days into O.Y.5, here is what Americans have to deal with each and every day. Gasoline prices are over $4 per gallon. Gas prices in Chicago are $.75 a gallon higher than the rest of the country. So much for having a so-called local guy in the White House.
Compare that to Bush; gas had hit an all time high 100 days into Bush's second term when it reached a record $2.05 per gallon. There was outrage. How could America allow those greedy oil guys to rip us off by charging over $2 per gallon?
Today the unemployment rate is close to 8 percent. At this time in 2005 the unemployment rate was 5%.
The GDP growth rate in 2005 was over 5 percent, today it is half that. When you compare the economic wellbeing of the country with what we have now and what we had then, you have to look at these three key indicators: unemployment rate, Gross Domestic Product and the price of fuel.
The reason to compare these factors is because only then can you truly determine whether you are better off now than you were before. When you do the comparison, it's clear that somewhere we got on the wrong track.