RSS

It's Obama's Policies that Are Holding Back Economic Growth

If America elected Presidents based on foreign policy success and experience, John McCain would be President instead of Obama right now, so let's get back to the reality of the American political system and talk about the effect that Obama's domestic policies are having on our nation. To that, I turn to a Nolan Finley column that ran in the Detroit News this weekend that some of you may have missed:

Republicans hoping to unseat President Barack Obama and his Democratic enablers in Congress should recraft the campaign slogan Bill Clinton used to topple George H.W. Bush: It's the policies, stupid.

Obama, with no shortage of audacity, is betting he can blur the connection between the decisions of his administration and the still wheezy performance of the economy and convince voters that soaring prices for essential goods and anemic job creation are not his fault.

That was the message pitched by Treasury Secretary Timothy Geithner last week when he told the Detroit Economic Club that the recovery is on solid ground and any lingering economic pain is the fault of the previous administration.

Given the money Obama has spent and the depth of his reach into the private sector, he now owns this economy. And it isn't anywhere near where he said it would be by now when he bullied through an $823 billion stimulus package and seized control of the free market.


Obama hopes to blame big, greedy oil companies for gasoline prices that are more than $4 a gallon today, and could be up to $6 by Election Day if trends hold.

But Obama has used his regulatory power to choke off domestic oil exploration, fueling speculators who are betting on tighter future supplies. The Fed's stubborn commitment to a weak dollar also is impacting oil prices and other commodities, including food.

This is the slowest economic recovery since World War II, and while Geithner tried to shrug that off as typical of a recession triggered by a financial markets crisis, the real blame falls on Obama's policies that are blocking development and spooking investors.

The biggest culprit after huge deficit spending is the Environmental Protection Agency, which has side-stepped Congress to put in place carbon caps that assure America won't have enough energy to power robust economic growth.

Despite spending hundreds of billions of dollars to shore up the housing market, mortgage foreclosures continue to surge. Delaying foreclosures drags out the inevitable and keeps the market from resetting. Home values keep declining along with consumer confidence.

Small businesses complain they can't get loans to expand, and banks say Obama's rushed through financial regulations make it almost impossible to lend money to entrepreneurs.

The uncertainties of Obamacare, growing debt and the president's determination to raise taxes on the investor class make job creators nervous and less eager to risk their money.

Businesses see that Obama has tilted the labor field sharply in favor of unions, impacting decisions on whether to locate new operations here or overseas. Same goes for his corporate tax policies.

From the viewpoint of Main Street, the economy still stinks. Obama will work hard over the next 18 months to shirk the blame. But as the dots are connected, the line of responsibility leads to the Oval Office.
Finley hits the nail on the head- what we are seeing are the results of the policies of liberal Democrats such as those that controlled the House from 2007 to 2011, the Senate from 2007 to today, and the Presidency from 2009 to today. Let's get back to looking at what works and what doesn't work, and from my view, liberal policies don't work, and I offer as evidence liberal Democrat Detroit, liberal Democrat Michigan from 2003-2011, and liberal Democrat USA from 2009-2010. High taxes, high regulation, class warfare, bureaucratic control, attacks on wealth, and backwards energy policies that liberal Democrats push for yield the predictable results and attack the foundations of life, liberty, and property growth that America was built on.

  • Digg
  • Del.icio.us
  • StumbleUpon
  • Reddit
  • RSS

0 komentar:

Posting Komentar