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Biden Does NOT need a BILL to close the border
He only needs a PEN. Thats all he needed to open it.
Thats all he needed to close it. Thats all Trump needed.
Maybe this is just Proof Trump is better than Biden.

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 |  All Boards  |  Current Events  |  Topic: Obama Joblessness May Be Permanent 0 Members and 1 Guest are viewing this topic.
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Author Topic: Obama Joblessness May Be Permanent  (Read 209 times)
derhund
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« on: 09 04, 10, 04:17:40:PM » Reply

THE STIMULUS KICKS IN: HIGHER UNEMPLOYMENT

By DICK MORRIS & EILEEN MCGANN

Published on DickMorris.com on September 3, 2010

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.

•  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.

•  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.

•  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.

•  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).

•  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.

•  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.

mudslinger
Sr. Member

Posts: 35848

JESUS , MARY, JOSEPH , GOD HELP THIS COUNTRY


« Reply #1 on: 09 04, 10, 04:21:39:PM » Reply

Well of course he wants it to be right in line with other Socialist countries.
tin_foil_hat
Honored Member

Posts: 2216


« Reply #2 on: 09 04, 10, 04:49:14:PM » Reply

Well DUH, if you follow the European style socialsim, your going to get the same results, which used to be double digit unemployment.
 
But they have learned it does not work and are moving , slowly, toward a more Capitalistic ? system.
 
It's always the same phucking thing with the Liberal socialist.  They never think the system doesn't work, even though it has failed everywhere it's been tried. It's always been the WRONG PEOPLE WHO TRIED TO IMPLEMENT IT.
 
Well you dickwads, you elected a MESSIAH, and it still doesn't work. If that doesn't tell you anything, maybe this will,
 
 
There is one country where Socialism has gone unimpeded, and unchecked for over 50 years. There is no better example of your social, your economic example that has been in practice for 50 years.
 
It's 90 miles south of Key West, Florida, and people risk their lives daily trying to leave.
 
Your "experiment" has been carried out, and it's called CUBA.
 
 
 
 
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