The economy...Armageddon Obama style
By: Diane Sori
As Eric Holder stonewalls and tries to delay contempt charges from being filed against him (by saying that he’s willing to ‘compromise’) in regards to Fast and Furious, Holder hopes this ‘dog and pony show’ will keep the focus on him and off his buddy Barack Hussein Obama’s failing economic policies.
The media is also trying its best to keep us focused on Holder because they too don’t want us to focus on problem numbers one, two, and three...the economy...the economy...the economy...or should I say the economy that Obama is sending over the cliff to a full-blown crash.
As Obama and Mitt Romney battled it out yesterday in Ohio with dueling speeches on their campaign trails, more bad economic news follows the ‘anointed one.’
Sadly, just released figures show that the number of Americans filing new claims for unemployment benefits rose last week, proving we have a faltering labor market no matter how hard Obama and crew try to manipulate the numbers downward.
The newest numbers are indeed gloomy...for initial claims for state unemployment benefits there was an increase of 6,000 claims bringing the adjusted number to 386,000 claims. That’s adding to last week's figure which was revised up to 380,000 claims from a previously reported 377,000 claims.
As per the Labor Department, these new claims for state jobless benefits show a rise for the fifth time in six weeks. And every month since February employers have cut back on new hiring and increased layoffs and with the actual job growth in May being the weakest in over a year, you have one very dismal economic picture.
Not good for Obama and NOT good for those out looking for work. The man who last week said that private sector business is doing just fine does NOT have a clue.
Also, key economic forecasters continue to predict lower expectations for economic growth saying that a slowing down in hiring, weak domestic economic data and reports, and new financial threats from Europe and emerging foreign markets are the cause.
Sorry but the forecasters are wrong because our downturned economy can be summed up in three little words...Barack Hussein Obama.
Obama’s answer to all this glum news is to propose yet another stimulus to stimulate short term growth (of course he would propose that, that way the economy would look better right before the election.), to spend more of our money on his ever-loving freebies and handouts, and to put our country further in debt to finance those very freebies and handouts.
What a great economic plan...NOT!
Mitt Romney, on the other hand, is against temporary stop gap measures that allow for short-term growth only, because they do NOT solve the major issues of job creation and long-term economic growth. Romney wants policies that would improve the economy structurally over the long term, which is the wise thing to call for.
Romney proposes policies that would keep tax rates low for ALL Americans, policies that would eliminate ObamaCare, policies that would overhaul and cut back regulations that are not conducive to business and policies that would obviously reduce federal spending. Romney believes, and rightly so, that by keeping tax rates low it would help bolster investment in new and existing businesses, which would then in turn increase economic growth leading to an increase in tax revenue itself. Also, Romney notes that “by rolling back regulations it would reduce the cost of doing business and would make the United States more competitive with other markets.”
In his speech yesterday, Mitt Romney also said that Obama loves delivering speeches on the economy but that he NEVER delivers a solution for the economy.
Oh how right he is.
Romney made a very good point when he said, “If you look at his record over the last 3-1/2 years, you will conclude, as I have, that it is the most anti-investment, anti-business, anti-jobs series of policies in modern American history.”
And to that I’ll add that Barack Hussein Obama is the hands down most anti-American president to ever occupy the White House.