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- #101
GDP growth for Q2 has been revised downward to 2.6%.
At this point after the 1981 recession, we had growth rates of double to more than triple that level.
The proof is in the GDP Growth Pudding. Obamanomics is an Epic Fail.
As anyone with an ounce of common sense, economic literacy, and historical perspective knows: the more you tax something, the less of it you get; the more you subsidize something, the more of it you get.
Obamanomics subsidizes Big Government and taxes productivity. That's why unemployment is at unprecedentedly high levels for this stage of what is supposed to be an economic recover.
Fasten your seat belts, it's going to be a bumpy Double Dip.
Oh and (sarcasm coming) I am certain that it couldn't have anything to do with the republicans blocking and obstructing anything and everything including tax cuts for small businesses and extending unemployment benefits now could it?? It couldn't be because they would rather maintain the status quo in the hopes that the flatlining economy which has bene directly impacted by their obstruction will benefit them in the upcoming election now could it??
As usual with the republican hacks and their lemming lap dogs who are willfully ill-informed it is party first and the end justifies the means.
I just love how morons parrot the bs about taxes and yet when asked for substance about how obama did anything to impact their taxes negatively they become mute on the subject or just parrot the same lame claims over and over again.
The Democrats have controlled Congress for 4 years. Obama has been in the White House nearly two years. For most of the last two years Democrats have had solid majorities--nearly filibuster proof.
And the poor economy is the fault of the GOP??
The Republicans must be wizards if they can figure out a way to stop legislation when the Democrats hold the cards. And teh Democrats must be dumb as dirt not to be able to get their own legislation passed.
And DrSmith must not be the sharpest tool in the shed if he really believes this.