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Name:
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Barneget
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Ah...the economically illiterate
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Date:
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4/17/2011 11:20:44 PM (updated 4/17/2011 11:25:03 PM)
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Just love using a Benelli M4 on the regressives talking points regarding W fighting to leave more of our money in our pockets, as Chairman O attempts to define All PRODUCER EARNINGS AS HIS FIRST. Click the link, check out page 15, it illustrates the annual revenue INCREASE beginning in 2003, and the spending that rapidly outpaced it. As for the reluctance to invest, the administrations repeated attempts to change labor rules facilitating union organizing, ramped up antitrust and labor prosecutions, extensive new environmental regulations, along with the monstrously complex financial bill, each and all played a role in setting back our recovery. The community activist at work.
Economist and former senator Phil Gramm makes the real cost of Chairman O's central planning clear. He compares our current recovery to those that followed the other ten recessions that have occurred since World War II. He says that if this bounce-back had kept pace with those of other cycles, GDP would be significantly higher than it is today, and nearly 12 million more Americans would have jobs. As he acknowledges, Obama supporters will argue that this case was unusual because of the depth of the downturn. Mr. Gramm points out that historically “the bigger the bust, the bigger the boom” that follows. The numbers don’t lie. In past recessions, three years after the downturn, real GDP had increased 7.6% beyond the pre-recession level. Today, GDP is only 0.1% higher.
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