Friday, June 3, 2011

Unemployment Up to 9.1% - Obama's Economic Plan A Failure

Official unemployment in May rose to 9.1%.   The actual rate, when all are counted including those unemployed, under employed working part time that want full time work and those that have just given up looking for work, is well above 15%.   So today, we have more than 22 million Americans struggling to find jobs, while Obama increases his limousine fleet.  So after Socialist President Obama borrowed more than a Trillion dollars to spend on his SwindleUS Plans I, II and III, to primarily protect public employee union government jobs, the private sector is still in a recession.   In fact, we may be experiencing a double dip recession.  As of now, 2.5 million jobs have been lost during the Obama Presidency. 

During the month of May only 54,000 new jobs were created.   We need at least 100,000 new jobs each month just to deal with the kids coming out of school.   We really need at least 300,000 new jobs a month consistently to make any dent in unemployment and even then it will take years to bring down unemployment in a slow growth economy.  None of this should be a surprise because Obama's economic plan is a complete failure.    The end result of the Socialists push for high taxes and more regulations is that there is a slow down in manufacturing and housing prices are continuing to fall as foreclosures increase.   Obamanistas promised us that if they spent a Trillion dollars on his SwindleUS schemes that unemployment would cap at 8% and begin to fall.   It has not happened, so what is Obama's story now?  

President Obama has been at war with the private sector since the day he took office.   As a tax and spend Socialist, who has never worked in the private sector, the President does not have a clue how to create jobs.  It is time for the grown-ups in Congress to take over.   First, we must significantly cut local, state and federal government spending that is not only bankrupting our country, it is a drag on the economy.  Second, we need a 50 year plan that will make the United States energy independent.  We can create millions of jobs in the energy sector if we can get the federal government's jack boot off the backs of energy companies.   That means fast tracking development of clean coal, oil, natural gas and nuclear energy.  Not only will we create jobs, we will bring down the cost of energy, which will unleash dynamic economic growth.  Third, we must cut federal corporate income taxes down to 20 or 25% from the current 35%, the second highest corporate income tax rate in the world.   If this occurs, US companies will grow more jobs in the US rather than overseas.   We must also make the Bush Tax cuts permanent to end the uncertainty over taxes. 

Finally, in order to restore economic growth and job creation in the US, we must finish the job we began in 2010 by sweeping these Socialists, including President Obama, out of office in 2012 and 2014.   We must elect 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 was to restore economic growth and job creation in America.

We have to take back our country by making Obama a one term President and taking firm control of the Congress.   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.   Cards talk and numbers don't lie.  President Obama's economic plan has been a complete failure. 

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