Thursday, April 28, 2011

Dismal US 2011 First Quarter Growth Rate of 1.8%

After borrowing and spending Trillions of dollars on bail outs and SwindleUS Plans, Socialist President Obama's mismanagement of the US economy is clearly evident.   Cards talk and numbers don't lie.  The growth rate for the first quarter of 2011 fell from 2 - 3% in previous quarters to just 1.8%, which is the reason real unemployment is still around 15% when the unemployed, those under employed and those working part time that want full time work are all counted.  This is also happening after the Federal Reserve has pumped billions of dollars into the economy by simply printing money.   The end result is high inflation and slower economic growth.   Obama and the brainiacs in his administration, that have never worked in business, practice Keynesian Socialist Economics, tax and spend government central planning, which simply does not work and has never worked any where on earth to stimulate economic growth. 

The only way to grow the American economy and create jobs is to cut government spending, cut taxes to keep more money in the private sector for investment and to cut government regulations.   It really is very simple.  During the first two years of the Obama Administration government spending has gone up dramatically to support public employee union members.   Obama Care is a huge drag on the economy.  And, while the Bush Tax Cuts have been extended for two years, which is good, Obama continues to argue class warfare to raise taxes on the "rich", defined as those earning more than $250,000 a year.  In addition, corporate income taxes are the second highest in the world, which causes more jobs to be moved overseas.  Finally, Obama's Trillions is deficit spending adding to the $14 Trillion National Debt is the road to the bankruptcy of the United States, which causes instability in the financial markets.  All of this combined with the National Labor Relations Board's assault on free enterprise as a pay off to support big unions is the reason we have dismal economic growth. 

The icing on this cake is Obama's failure to articulate a common sense 50 year energy plan that makes energy cheaper, not more expensive as is the President's goal.  Carbon based fuels, natural gas and nuclear energy must be a big part of the plan for the foreseeable future until newer technologies are economically feasible.  Yet, Obama's Gestapo, the Environmental Protection Agency in chasing wind mills making development of current energy sources difficult if not impossible.  Hence, one of the reason we have gas approaching $5 a gallon. 

So why would anyone be surprised that we still have little economic growth and high unemployment.   Obama's Socialist Schemes are at the root of our economic calamity.   As such, we have to sweep these Socialists, including President Obama out of office in 2012 and 2014 by electing common sense Conservatives at the federal and state levels that support free market capitalism, limited government, lower taxes and less regulation, a balanced budget, term limits, real energy, education and health care reform, a strong national defense, including securing our border and fighting Terrorism, the right to bear arms, the sanctity of life and family values that are the foundation of our nation.   This is the platform supported by the majority of the American people and the only way to restore economic growth and job creation in our country. 

We have to take back our country in 2012 and 2014 to prevent the bankruptcy of the United States.   We must finish the job we started in 2010 by sweeping these Socialist out of office.   We must clean house.  We can do it.   We must do it to preserve our freedom, our nation and way of life for the sake of our children and grandchildren.

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