Obama Blocking the Economic Recovery… And Stutistics: What the Media Is Not Telling you About Obama’s Unemployment Record

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What is the media not telling you about the Obama unemployment record? Find out in less than three minutes in the debut episode of Stutistics!

GBTV:

The first episode of Stutistics debuted on GBTV last night. Stu highlighted the truth behind Obama’s unemployment numbers.

You probably know that according to Obama’s own numbers, unemployment should have NEVER gone above 8% with the passage of the stimulus.

But, there’s a more important point that conservatives should be making–find out about it in less than 3 minutes. Watch the video here, and then watch it again. And then make your friends watch it until they get it. It’s okay to make people do things against their will, if those things are making people watch Stutistics. It’s universal law… See video Here 

–> Harvey Golub: Obama Blocking Economic Recovery <–

Harvey Golub, Miller Buckfire chairman and executive committee member of the American Enterprise Institute, says the "Animal Spirits" so necessary for a true recovery have been trampled by the Obama administration’s policies and rhetoric. (For anyone not familiar with the Animal Spirits reference, Obama required his entire cabinet and czars to read the book right after he took office.)

"This administration has been overtly hostile to business across the economy except for progressive favorites like electric cars or wind and solar power," Golub writes in The Wall Street Journal.

"It has tightened regulatory screws on the coal industry and all other fossil-fuel providers, enacted health-care ‘reform’ based on false estimates of its likely costs and effects, unleashed a hostile National Labor Relations Board on businesses, and passed financial regulations in the form of Dodd-Frank along with hundreds of other regulatory actions that put increased burdens on the private sector.

Meanwhile, notes Golub, the president has yet to pass a budget or announce a plan to rein in government expenditures but has said over and over again that he wants to increase taxes on businesses—small and large—and on financially successful individuals.

"He doesn’t quite articulate the point that way, but that is the effect,” says Golub. After all, he says millionaires and billionaires aren’t paying their fair share.”

"He forgets, or simply does not know, that the top 1 percent of earners actually pay as much as the bottom 90 percent, and the bottom half pay no income taxes at all."

In this negative environment, businesses are less willing to invest in the future, and individuals are less willing to spend what they can, observes Golub.

“Meanwhile, savers and retirees have seen much of their income decline because of low interest rates,” he says. “The massive costs of all the stimulus have been wasted because of the heavy counterweight put on the economy by the administration’s anti-business and pro-redistribution policies.”

According to loansafe.org, interest rates and debt are on the minds of many recent and future college graduates. Student debt is growing and unless Congress acts by July 1, the interest rate on federally subsidized Stafford loans will double.

© 2012 Moneynews  -  Editor’s Note: You Deserve to Know What Obama and Bernanke Are Hiding From Americans and Trump: Euro Collapse Could Be Good for US

 

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About Ask Marion

I am a babyboomer and empty nester who savors every moment of my past and believes that it is the responsibility of each of us in my generation and Americans in general to make sure that America is as good or even a better place for future generations as it was for us. So far... we haven't done very well!! Favorite Quotes: "The first 50 years are to build and acquire; the second 50 are to leave your legacy"; "Do something that scares you every day!"; "The journey in between what you once were and who you are becoming is where the dance of life really takes place".
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2 Responses to Obama Blocking the Economic Recovery… And Stutistics: What the Media Is Not Telling you About Obama’s Unemployment Record

  1. Pingback: Obama hires his personal murder czar and Dems continue to threaten SCOTUS « CITIZEN.BLOGGER.1984+ GUNNY.G BLOG.EMAIL

  2. Pingback: Former FDIC Chair Bair: Bank Bailout Was ‘Overkill’ Read more: Former FDIC Chair Bair: Bank Bailout Was ‘Overkill’ | askmarion

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