Monday, May 9, 2011

Obama's Jobless Recovery and Falling Home Values

Socialist President Obama's economic plan has been a complete failure.   After spending more than a Trillion dollars on Obama's SwindleUS Plans I, II and III and extending unemployment insurance from 26 weeks to 99 weeks, we still have 9% unemployment, which is really 15% if the under employed and those that have simply stopped looking for work are included in the numbers.   Though the stock market is up, which is good for those with 401K's that are still working, there are more than 22 million Americans that have been negatively impacted by Obama's failed Socialist Schemes.   But the story is even worse.  

Home values continue to fall around the country, which when combined with prolonged unemployment is causing many Americans to lose their homes by short sale or foreclosure.  Many are upside down on their mortgages and when they can't make their payments are forced to walk away.   Foreclosures create a negative cycle causing home vales to fall even more, which then causes even more foreclosures.   Obama's policies designed to help homeowners keep their homes through some sort of mortgage forgiveness has been a miserable failure because if someone has no job, it does not matter what the amount of the mortgage is if they can't even make the lower payments.  

In the first 23 months of the Obama Presidency only 23,000 jobs a month on average have been created by Obama's policies.   In contrast, during the first 23 months of the Reagan Presidency, coming out of the Carter deep recession, after Reagan's significant tax cuts, on average 285,000 jobs a month were created and in fact during the best months of that time period, 857,000 and 991,000 jobs were created in two separate months.   Of course, Reagan was not at war with the private sector as is the case with the Obama Administration.   Obama talks a good game and then Socialists in his administration implement regulations and taxes that are killing business and jobs.  

It is estimated that 3 million jobs could be created in the energy sector alone if Obama would just allow oil, coal, natural gas and nuclear development in the United States.  Oil companies pay a royalty tax of 18% on each barrel of oil extracted from the United States.   Current extraction is about 7 million barrels a day.   If that amount was allowed to grow to 10 million barrels a day, the federal government would gain billions in new tax revenues.  And, the American people would see the cost of gas come down from more than $4 a gallon in many states.   There has not been a new refinery or nuclear plant built in the United States in more than 20 years because such development has been stopped by Socialists and environmental wackos.   

We currently have a jobless recovery because of President Obama's Socialist anti-business schemes.   This will not change until we sweep these Socialists, including the President, out of office in 2012 and 2014 by electing pro-growth, common sense Conservatives that support free market capitalism, limited government, lower taxes and less regulation, a balanced budget, term limits, real education, energy 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.   We must finish the job we began in 2010.   We have to make Obama a one term President.   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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