Conservative
Type 40
WOLF: Desperately avoiding Obamanomics and Obamacare - Washington Times
No wonder those are the two topics Obama simply isn't mentioning in his campaign. Hell, I wouldn't either if I were him.
The intertwined strands of evil DNA - Obamanomics and Obamacare - will determine the outcome of the 2012 election, and Barack Obama knows it. Thats why he desperately wants to talk about something else. Anything else. A failed stimulus. Shovel-ready jobs that even President Obama later admitted dont exist. Auto takeovers. Bank bailouts. Mythical green jobs. And a historic American credit downgrade. Obamanomics has become the science of downward-sloping graphs.
Since Obamanomics was unleashed - increased taxes, increased regulations, wildly increased spending and weak-dollar monetary policy - a million fewer jobs exist in America, median household income has dropped nearly 10 percent, housing prices have hit an almost 10-year low, gas prices have doubled, a record number of Americans are on food stamps, and the federal debt races toward $16 trillion (around $140,000 per taxpayer).
The only way out of this abyss is, of course, private-sector economic growth. In the aftermath of the recession of the early 1980s, for example, President Reagans economic strategy was exactly the opposite of Mr. Obamas: lower taxes, lower spending as a percentage of gross domestic product (GDP), reduced regulations and strong-dollar monetary policy. That produced an average GDP growth rate of 7.1 percent. Now, three years into Obamanomics, Americas GDP growth rate has slowed to a crawl: 2.2 percent.
So thoroughly disastrous is Mr. Obamas signature accomplishment that many Democrats are openly hopeful that the Supreme Court will rule Obamacare unconstitutional so it becomes less of an issue in the presidential election. Imagine that. Mr. Obama and the Democrats fiddled with Obamacare as Americas economy burned, and now they hope we will forget. We wont.
No wonder those are the two topics Obama simply isn't mentioning in his campaign. Hell, I wouldn't either if I were him.