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Letters to the Editor
What you need to know for 01/19/2017

Yes, we are better off than four years ago

Yes, we are better off than four years ago

*Yes, we are better off than four years ago

Yes, we are better off than four years ago

Am I better off today than I was four years ago? You bet I am. Four years ago we were on the verge of a second Great Depression; the outgoing president who began office with an $80 billion surplus left behind the highest deficit this country had ever known.

His Republican administration got us involved in two wars overseas and gave huge tax cuts to the wealthy. The stock market had tanked, carrying along with it our savings and pensions, and 50 million people in this country had to choose between rent or medical treatment because they were uninsured.

Under President Obama we are slowly and steadily repairing a deeply damaged economy. Since the bottom of the recession in February 2010, nearly 4.5 million private sector jobs have been created. Thirty one million more people will have health insurance, including children, young people and the working poor whose employers don’t cover them.

Because of the high priority Obama has placed on education, there is more money available for student loans, and we no longer subsidize the banks for providing those loans, saving taxpayers $67 billion over 10 years. There is enforcement of equal pay for equal work. With the repeal of “Don’t Ask Don’t Tell,” gays in the military do not have to be fearful of being discovered while they are sacrificing their lives for us.

Through the Dodd-Frank Wall Street Reform and Consumer Protection Act (2010), Wall Street has been reined in from the gross excesses that caused the crash. Insurance companies can no longer deny you coverage because of pre-existing conditions and you can keep your children covered on your health insurance until they turn 26.

The Recovery Act has provided money for infrastructure for our crumbling bridges and roads. Osama bin Laden is dead and the auto industry is alive, prospering and hiring new employees every day. The war in Iraq is winding down. We have more partners around the world and fewer enemies.

Jobs are growing, banks are lending, interest rates are low, housing prices are coming back, the stock market is up almost 80 percent, and pensions and savings are better than they have been since 2008.

Yes, I am better off than I was four years ago, and with Barack Obama re-elected I will be better off four years from now. Our country is moving in the right direction.

Joann Perillo

Schenectady

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