Wednesday, February 13, 2013

Obama - More SwindleUS Spending - Nothing New

Socialist President Obama is proposing more SwindleUS Spending, only this time Obama claims it will not add one dime to the National Debt, which is laughable.   The President must be smoking medical marijuana.   This is the same President that added $6 Trillion to the now $17 Trillion National Debt in his first four years in office, more than any President in American history, with no end in sight.  Since Socialists in Congress have not enacted a budget in four years and no member of Congress has voted for any budget proposed by Obama during his first term,  how on earth can Obama have any credibility related to government spending. 

Remember, this is the man who promised us when he ran for President in 2008 that he would cut that National Debt in half in his first term in office and then went on to add $6 Trillion to our National Debt.    Of course, Socialists like Obama will lie, cheat or steal to stay in office, feeding at the trough, so we should expect everything Obama says to be a lie.   So far,  Obama has lived up to this expectation.  

Why on earth would we borrow and spend more on Obama's Socialist Schemes to keep his PEEP's fat and happy, when the first trillion dollars spent on Obama's SwindleUS Plans failed to restore economic growth or create jobs.   Obama claims that 6 million jobs were created during his first term; but what he fails to tell you is that at least 6 million fewer people are working today than when Obama took office in January, 2009.    The unemployment rate today is higher than when Obama took office in 2009.  Job creation in the US during Obama's first term barely absorbed the young kids entering the workforce.   The fact is that 23 million Americans are unemployed, under employed working part time that want full time work, or they have just given up looking for work altogether. 

Dismal GDP growth of 2% or less as a result of Obama's job killing policies and higher taxes and more regulations cannot possibly bring down unemployment.   Obama and his Socialist pals in government are all job killers.   None of them understand Economics 101.   We need smaller government, lower taxes and less regulations to restore real economic growth and robust job creation again.   It will not happen any other way.   Sadly, that probably means it will not happen as long as Obama is the President of the United States.    We will experience four more years of misery and a lower standard of living for the American people.  It is what it is. 

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