Obama and crew on economy...No clue!

Scataphagos · Sep 4, 2010

Quote from Yannis:

THE STIMULUS KICKS IN: HIGHER UNEMPLOYMENT
By DICK MORRIS & EILEEN MCGANN

"In our book 2010: Take Back America - A Battle Plan, we write: "The prospect we now face is not the intermittent up-and-down fluctuations of unemployment we have had since the Great Depression. Thanks to Obama's policies, we're confronting the possibility of an unemployment rate that never comes down, just as they have in Europe. If we stay on Obama's course, lower joblessness in the United States will be a thing of the past."

The recent rise in unemployment back up to 9.6% and the loss of 54,000 jobs in August, suggests that our prediction is - dismally - coming true.

The Obama stimulus plan has finally kicked in: The higher spending he brought to our nation and the debt levels that are accompanying it are the result.

Why is unemployment remaining so high? Because the totality of Obama's policies are dragging us into a depression.

â¢ The prospect of dramatically higher taxes next year is freezing consumer spending, particularly in the upper income ranges which spend a third of America's consumption.

â¢ The huge changes that are looming in medical care brought about by Obama's health care legislation are freezing new employment and expansion in the medical sector which accounts for 16% of GDP.

â¢ The financial reform legislation has so raised the prospect of a federal takeover of any bank that makes "imprudent" loans that financial institutions are afraid to lend, freezing new job creation.

â¢ The looming possibility of cap-and-tax legislation in the name of halting climate change is freezing any expansion in the manufacturing and energy sectors since these policies will force jobs to move overseas to locations that do not impose such a tax (e.g. India and China).

â¢ The massive expansion in the deficit and in the resulting debt has so eroded confidence in our nation's future that Americans are now saving 6% of their income, up from 1% in the past, sapping consumer spending.

â¢ The threat of new rules for union elections that will spread private sector unionization is freezing business expansion plans.

Obama's rush to spend, regulate, re-engineer, redistribute, and tax have stopped any recovery and are sending us back into recession. In her wonderful book The Forgotten Man, Amity Shlaes notes how FDR's policies in the late 1930s did the same thing. She notes how the imposition of the Social Security tax in 1937 (benefits did not start until 1941) and the rapid wage hikes that accompanied the passage of the Wagner Act (steel worker wages rose 40% in 1937) sent a recovering nation back into a new depression that lasted until the war started in 1939.

In his haste to re-make America and to bring us the "fundamental change" he promised as he campaigned for president in 2008, Obama has torpedoed the recovery and sent us back into a double dip recession.

The answer is to cut spending back to pre-Obama levels, reduce taxes and eliminate the threat of tax increases, zero fund the changes Obama has legislated in health care (and repeal them in 2013), eliminate the threat of cap-and-tax, and lay the basis for solid economic growth.

We have left the recession that started in 2007 and entered a new recession caused by Obama's policies."
More...

Obama and the Dems WANT:
1. Bigger government
2. More government control of our lives and our money
3. More people dependent upon the government for their "living", and to an ever greater extent.

They are blind to all else.

That's not what made America the great country it is (or was).

That is NOT AMERICAN...

America doesn't need tit-sucking parasites any more than you or I need a tapeworm.

Democrats should be EXPORTED OUT OF THE COUNTRY... ALL OF THEM!

AMT4SWA · Sep 4, 2010

Zbigniew Brzezinski was not tasked to groom obama for the next minion "Continuity of Administrations" fall guy for nothing! Heck no, barry is suppose to be allowed (with the democraps in congress) to move us more toward DEPENDENT corprotocracy controlled socialism.....this has been the plan. Incremental additional dependency (national health care), higher taxes (too bad you small business owners......america's LAST HOPE!!!), and EXPLODING government spending ACCELERATES the economic destruction of american.

Zbigniew Brzezinski knows we can't get to world government UNTIL the US has been BROKEN......so far THEY love what barry has accomplished in such a short time! :eek: Yes indeed, Zbigniew Brzezinski has been working with barry since 1982....from those years at Columbia (those years barry almost NEVER talks about). So far it appears they must be VERY PLEASED with the execution of their plan.....barry has them FULL STEAM AHEAD! :eek:

tomdavis · Sep 4, 2010

Right after the Obama administration annouced their economic recovery plan, I was invited to a luncheon with three guest speakers. I usually don't go to these types of events, but given the economy was teetering on the edge, I thought it might be interesting. The first two speakers were very supportive of Obama. The last speaker boldy predicted failure. He said, "The Obama administration believes they can cook pasta without boiling water." I'm still not completely sure what he meant, but apparently he was right.

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Obama and crew on economy...No clue!

Scataphagos

AMT4SWA

tomdavis