Friday, March 9, 2012

The Economy - Cards Talk & Numbers Don't Lie

Between now and election day in November, 2012, we will hear Socialist President Obama tell us that he and only he has saved our economy from complete collapse.   What a joke.  The facts tell a different story.  While it is true that Obama inherited a weak economy, the fact is that his failed policies have made it worse and delayed economic recovery and job growth.  The Recession technically ended 2 1/2 years ago, however, we have only seen GDP growth of around 2%, when historically after other serious Recessions growth is usually at 3.3% or higher.   We need economic growth of 3%, or higher each year, to make any dent in real unemployment.  And, this dismal performance is after Obama borrowing and spending a trillion dollars, added to the $16 Trillion National Debt, in his SwindleUS Plans, plus all the bail outs to Obama's supporters. 

When President Reagan cut taxes, our country experienced economic growth of 6% as a basis of comparison.  It is true that about 2 million jobs have been created since the end of the currrent Recession; but there are 5 1/2 million fewer people working today that when Obama took office.  Though our official unemployment rate hovers around 8.3%, the real number is over 15% as there are 25 million Americans either unemployed, underemployed working part time that want full time work, or that have just given up looking for work altogether.  Of course, the left wing, lame stream media will never talk about the real numbers because they are part of Obama's propaganda machine. 

Rather than talk about all of this, Obama prefers to focus on social issues and or household income inequality to play to his PEEP's, those on the dole, those that pay no income taxes at all, big unions, illegal aliens, trial lawyers, radical environmentalists and crony capitalists, all feeding at the trough at our expense.  It is true that income inequality has been growing for the last 30 years, under both Republican and Socialist Presidents; but it is not just happening because the rich are getting richer (the communist argument); but rather because of advances in technology and a failed union governed, public school system that graduates students with no job skills, or in many cases even ability to read at grade level.  

Obama plays the Class Warfare card to divide our nation, presumably to win votes from his PEEP's.   The fact is that the so called "rich", the top 1% of wage earners already pay 39.5% of federal income taxes, while earning just 19.4% of total income in the economy.  The top 20% of income earners pay 86% of total income taxes, while earning 55.6% of total income.  In contrast, the lowest quintile had a negative tax liability of 3% and an income share of 4% because these people not only pay no income taxes at all, they get money back from the federal government as a result of the Earned Income Tax Credit.   Contrary to Obama's assertion that the "rich" do not pay their "fair share", if not for the rich and the 50% of Americans that pay all the income taxes in the US, the federal government would generate no tax revenues at all.   The fact is that we already have the most progressive income tax system in the world since 50% of Americans pay no income taxes at all. 

Yet despite all of these numbers, Socialists including Obama, will tell us that they have done a great job dealing with the economy.   46 million Americans are now on Food Stamps, up from 26 million when Obama took office.   Foreclosures are at an all time high as millions of Americans have lost their homes.   Gas prices are now above $4 a gallon and rising across the country because of Obama's failed Energy policy.  Obama has added $4 Trillion to the $16 Trillion National Debt more than any other President in American history.  And, we have lost our Triple AAA credit rating as a result of Obama's fiscal mismanagement.  It is just hard to imagine how Obama can even run for reelection when all these facts are true.  

But we all know that Socialists will lie, cheat or steal to stay in office.   And, so it goes, Socialist President Obama will tell us that he has done a great job and deserves four more years.  What planet does this man live on.    We have to make Obama a one term President to restore economic growth and job creation again in our country and to prevent the bankruptcy of the United States.   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; but Socialists do lie all the time. 

No comments:

Post a Comment