After several trillion dollars of stimulation by the Obama Administration and the Fed, one might think the economy would be chugging along at a pretty good clip. But, it just isn’t so, and the light at the end of the tunnel is pretty dim. Just ask a small business owner.
During the campaign for re-election, Barack Obama at least made vague references to a willingness to accept $3 trillion of reduced spending in exchange for a $1 trillion dollar tax increase.
President Obama has tried to spin the paltry new job creation numbers as ‘a step in the right direction.’ But, clearly, the small growth in jobs isn’t even keeping up with population growth, much less returning the workforce to a healthy level.
What Democrats haven’t focused on are the kind of policies that would promote economic growth – such as making permanent the 2001/2003 tax cuts, opening up federal lands to more energy production, and reforming government to reduce its burden on business.
However, whatever your sentiments about the government’s bailout of General Motors, for every job Barack Obama ‘saved-or-created’ in the U.S. there were two jobs off shore.
Although it was created with the best of intentions, the federal government’s Renewable Fuel Standard (RFS) program has become one of the worst and most costly boondoggles ever foisted on the American public.
When the American people elected Barack Obama and large Democrat majorities, the die was cast. ObamaCare was coming. Popular or not, constitutional or not, affordable or not, it didn’t matter.
