Obama Doubles Down on Failed PoliciesPosted by J Craig on July 30, 2013
President Obama has been trying to push all of the scandals his administration has been part of under the rug lately and focus on the economy. The one he blamed on President George W Bush his first term and now the one he blames on distractions and phony scandals. Yeah, that one. Our economy has definitely seen much better days.
The President has been out giving speeches about the economy and talking about his so-called solutions, but there is a big problem with the words coming out of his government-loving mouth. He is advocating for the same failed economic policies from his first term. He is doubling down on failure and choosing not to learn from history.
If he were to look at President Ronald Reagan’s record on how to fix an economy, perhaps he would be able to persuade more in the House and Senate to accept his policies. Instead, he wants to be the big man on campus who makes everything equal for all and poverty a way of life for all Americans.
Ronald Reagan inherited an economy back in 1981 much worse than President Obama did in 2009, but he got to work with common sense solutions. Reagan faced a 10.8% unemployment rate early on in his first term while Obama dealt with a 10% rate at its highest. There was a major difference with their policies though. Reagan greatly reduced taxes and regulatory burdens, decreased non-defense discretionary spending, and decreased inflation by printing less money. Obama increased government spending, increased taxes, nationalized industries, added an enormous amount of regulations, and interfered with the markets where businesses could not expand or hire new employees.
President Obama talks about jobs and says we have work to do on improving the economy, but it’s his policies that have harmed this country. He comes from the government/academic class rather than the entrepreneurial class and has a much more static view of the world. He is lacking in the comprehension skills area of how to create jobs and wealth. The government does not create wealth, it absorbs it. The government does not create jobs, but they certainly can help eliminate them. It’s as if he has been out of the country for the last five years with his remarks on how the economy is doing. He has nobody to blame for how the economy is doing but himself and his failed policies. The main problem is that he is choosing to ignore facts, evidence, and history on how to improve an economy as he touts more of the same on his current campaign travels or economic travels rather.
The President continues to preach about how he is for the poor and middle-class, but the ones who are and will suffer the most from his policies are those who have the least. Reagan knew that economic growth creates opportunities for everyone including those who have the least. Obama cannot grasp this fact. He continues to live in a Utopian world where everyone earns the same, no crime exists, the government does everything for everyone, and we all sit around our camp-fires singing Kumbaya taking care of our beautiful pink unicorns provided to us by the evil, wealthy 1%.
Obama cares about the poor so much that he made millions more throughout his Presidency. He has to learn that taking the foot of government off the backs of those who create economic growth is the only way to improve lives for everyone. We need less Obama, Harry Reid, Nancy Pelosi policies, and more Ronald Reagan policies. Reagan’s policies led to a recovery that created 3 million jobs in his first year. In his first year of “recovery” Obama’s policies created a net loss of 201,000 jobs. In the second year of recovery Reagan’s policies created another 4.1 million jobs, Obama only 1.4 million. In years three Reagan created 9.7 million jobs and Obama 3 million.
President Obama needs to take a step back and look at Ronald Reagan’s economic record to see what real success looks like. He continues to ignore history and his record while he panders to his base with promises of equal opportunity and that we’ll find an ocean of tomorrows. He is providing nothing new and zero solutions while blaming Republicans for not going along with his failed policies. These policies have helped contribute to 48 million Americans on food stamps or 15% of the population and 22 million un/underemployed. He needs to focus on reducing the burden on those who actually create the jobs and stop touting more of the same failed policies.
America needs jobs. We need growth. We need leadership and we need to get back on a principled path, but we certainly don’t need more government spending. President Obama should seriously look at his economic agenda and ask himself if it will help him not to become the worst President in American history. Time will certainly tell, but in the meantime, millions of Americans continue to suffer under his leadership.
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