The economy is showing signs of sputtering to a halt. Unemployment claims are rising. New job creation numbers would be laughable if not so serious a matter. The Democrat Party and President Obama refuse to stop the Trillions of dollars in looming tax increases that will be squeezed from the People starting January 1, 2011. Democrat Leaders are shamelessly spending trillions of dollars more than is collected in taxes. The Federal Reserve Bank is now printing money and purchasing Government debt…again. We are on the verge of entering the fabled “double dip recession.” Economic collapse cannot be far after that.
Democrats, through their shills in the Media have promoted that more regulation is the cure for all of our ills. That heaping more taxes upon the so-called rich will make them pay their “fair share.” They have repeated over and again that “big business” caused this recession, and government must keep an eye on them through even more regulation. Even though meddling government politicians set the stage for this recession and actually encouraged it to happen.
Mr. Obama and Democrats have used their gigantic majority in both Houses of Congress to pass sweeping legislation affecting all aspects of American life. Jumbo-sized bills expanding the size and reach of government, comprised of thousands of pages, killing so many trees in the process Al Gore is hiding in the bathroom of his Gulf Stream. These laws contain so many new, and as of yet undefined regulations, Capitol Hill lawyers no longer need Viagra to stay up at night.
Big business in bed with President Obama and the Democrat Party, helped to give them massive election victories in 2006 and 2008, have now awakened to find out they gave away their virtue on the cheap. Tycoons placed their trust in a Harvard-educated mouthpiece with a resume as thin as a sheet of paper. Despite lofty speeches of unity and the “summer of recovery,” Mr. Obama, blithering idiot Joe Biden, and the Democrat Party have demonstrated not only that they are incompetent but infantile, clinging like children to a fantasy of make-believe, making extraordinary, meaningless claims of job creation and economic rebirth.
Facts are anathema to fantasy, and the cold, hard, statistics flowing from our economic institutions have deflated the Obama magic carpet ride faster than a fart dissipating in a hurricane. Experts and business leaders have begun to speak out regarding the economy and what they are saying is nothing short of seismic in nature. Obama, the “man with the plan;” the fellow who was regarded by poll after poll during the presidential election as being the most competent on issues involving the economy is starting to look like the “Buffoon-in-Chief. The man who promised to “heal oceans,” has proven that he is incapable of anything more than delivering empty rhetoric, playing golf, and dismantling our Constitution.
CEO’s of Verizon, GE, and New York Daily News have referred to Obama as an “amateur” or “incompetent.” That Mr. Obama “does not like business.” That over regulation will strangle this economy and prevent a recovery. But perhaps the most bone-chilling assessment of the U.S. economy and the Obama Administration was laid out in Aspen, Colorado on August 23, 2010. CNET reported: “Intel Chief Executive Officer Paul Otellini remarked: unless government policies are altered, “the next big thing will not be invented here. Jobs will not be created here.” “The U.S. legal environment has become so hostile to business, Otellini said, that there is likely to be “an inevitable erosion and shift of wealth, much like we’re seeing today in Europe–this is the bitter truth.” Not long ago, Otellini said, “our research centers were without peer. No country was more attractive for start-up capital…We seemed a generation ahead of the rest of the world in information technology. That simply is no longer the case.”
He stated that it costs Intel 25% more to build a factory in the U.S. than elsewhere, not because of higher wages, but due to higher taxes and regulations.
This statement was echoed by Cypress Semiconductor CEO T.J. Rodgers who put it more bluntly: “The killer factor in California for a manufacturer to create, say, a thousand blue-collar jobs is a hostile government that doesn’t want you there and demonstrates it in thousands of ways.”
California, a model of government over-regulation and a Democrat stronghold, is currently bankrupt and scrambling for answers to create jobs and plug its’ massive 20 billion dollar budget hole. President Obama and Congress are supposedly searching for answers to the same questions but have only come up with similar repressive government regulations, the only difference that the numbers have changed to protect the imbeciles. More government has never been a successful solution to any problem. Mature adults know that. Economics is not child’s play. It involves real people and their futures. It’s time to send the children home and let the adults deal with the real problems.