Obama's Dismal Two-Year Economic Report Card

Judged by the financial condition of the majority of our American population, Obama deserves merely a failing grade, propping up the already wealthy, and failing to aid those who were barely making ends meet. Though the S&P 500 index is up 50% since Obama took office, unemployment remains higher than it was when he entered the White House, while home foreclosures continue to mount, to the detriment of borrowers and entire neighborhoods. Health insurance companies have responded to his "health care reform bill" by raising premiums, and the financial system's largest banks continue to prosper in the wake of a multi-trillion dollar bailout with no strings attached to share their subsidization with the rest of American citizens. To top it all off, as he approaches the 'midpoint' of his 'first', and likely last term, Obama bowed to the pressure of the Republican Party, and extended tax cuts for the richest Americans in order to also to be able to extend them for everyone else more sorely in need. Obama's economic policies have been continuations of his predecessor's, as in the case of taxes and bank bailouts, or bills so watered down to appease corporations, notably banks and insurance companies. In the process, he continues to alienate his supporters (individual voters), not the companies which funded his candidacy, leaving their economy in shambles! His tax plan, especially designed for the rich, adds another $1 trillion to the record United States deficit, $700 billion of which would be the cost of extending tax breaks to the wealthiest 2 percent of the country, the rest going to jobless benefits, necessary to help those victims of of the wider economic problems, but not complemented with a job-creation program!
And then there are those continuing wars in Iraq and Afghanistan!!!!!