As my liberal friends are bestowing their accolades upon Obama for the low national unemployment number of 6.1%, I pose to them one simple question: what has he done to help the economy? Despite their adoration of this Marxist, none have provided me a single bit of evidence that he has done a thing positive to turn around the economy.
They say it’s due to Obama’s success. But not one person can point to anything he’s passed or legislation he’s favored that helped American businesses grow. They says the unemployment number is improving due to Obama. I say it’s improving despite Obama.
The honest truth is that it is a true testament to American capitalism. Despite all that Obama has done to destroy the system, it survives. Despite his higher taxes, assault on both business and those that own them, the negative economic impact of Obamacare on businesses and the crashing dollar, the country continues to move on. Though wounded and now carrying the extra weight of hundreds of thousands of illegals who Obama willingly let jump on her back, she continues to survive.
After you break down the numbers, you realize that the labor force is at the lowest point it’s been since another liberal, Carter, was in office. The only thing fueling the pitiful increase in GDP is the over 9% increase in first quarter healthcare costs. American jobs are going overseas. Other countries are decreasing their investment in the United States and our country’s credit rating has dropped.
How much longer can the US economy handle further Obama attacks?
While the Middle East burns, Russian power grows and China flexes its muscles, Obama’s domestic policies prove just as disastrous domestically as it does abroad. Higher taxes, a failed Obamacare program, increasing national debt and an unfriendly business environment have made the inevitable occur. The gross domestic product fell by 2.9 percent this first quarter as reported by the Commerce Department.
Though many in the government seem surprised by this number or even absurdly blame the weather for it, the facts show that consumer spending on goods, business outlays on equipment and housing investment were much lower than expected. Also, exports in the period fell by nearly 10%.
Economics say that in order for there to be a healthy economy and rise in GDP, consumer spending must grow at least 3% annually. However, they also point out that the high number of unemployed and underemployed Americans along with stagnant US incomes makes any growth difficult. Also, as Americans are burdened by higher taxes and a rise in the cost of living, the chance that spending will increase continues to diminish.
Unfortunately, this constriction of the US economy is a direct result of Obama’s failed policies. Higher taxes rates, greater government interference and more restrictive laws make the creation and growth of businesses in this country more difficult. As a result, both foreign and domestic investors are increasingly looking abroad for places to invest their money.
