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At the end of what it had billed as “recovery summer,” the Obama administration is offering a mixed-message response to a sputtering economy: promising to identify additional measures to boost growth while simultaneously dampening expectations for quick relief.
“I ask Republicans to drop the blockade,” the president said.
Under criticism from embattled Democrats running for reelection for not focusing enough on voters’ economic concerns, Mr. Obama said, “My economic team is hard at work identifying additional measures that could make a difference in both promoting growth and hiring in the short term and increasing our economy’s competitiveness in the long term."
The context for the remarks includes a report last week that growth has slowed to a 1.6 percent annual rate in the second quarter of the year. What's more, some private economists have said new jobless numbers, which will be released Friday, may be even worse than the current 9.5 percent national unemployment rate.
Senate Republican leader Mitch McConnell issued a statement in response to the president’s remarks, charging that “instead of growing jobs as promised, Washington Democrats have grown the size of the national debt, the federal government, and the unemployment rate.”
Obama to GOP: Why are you blocking small business aid bill? - CSMonitor.com
Hmm--I know it's really not November yet--so that would mean that DEMOCRATS still CONTROL all 3 houses of government--meaning that Republicans couldn't BLOCK any bill-- since they are the minority. They couldn't block the 787 BILLION dollar economic stimulus bill that really wasn't, they couldn't block Obamacare--they couldn't block any bill over the last 19 months or since Obama has been in the Oval office. Does this PRESIDENT really believe that the American populace is that stupid?
Then we have to ask what this new Jobs stimulus bill aka Stim bill Jr. really is. Now after 19 months this President and congress just realised that small business in this country is really the driving force of economic activity and job growth. (So I take it that it means the road and bridge idea--didn't really work--).
Then we have to ask what exactly is it that the government is going to do for small business in this country? Possibly another Fannie/Freddie loans where we the American taxpayer will again be guaranteeing loans for "failing businesse's" in this country. Another wonderful idea--via--our Federal Government--LOL. Myself being a small business employer know--that in order for me to get a bank loan--I have to show that I am actually doing business--I have good sales--and by golly there is profit in doing my business. Normally a business has to have two years of IRS returns showing sales and profits before a bank will even look to give a loan. (So I guess that lending practice is now out the window-it will be lowering lending standards again to give small business an ARTIFICIAL boost--as we have witnessed over the last 19 months--with every other bill that has come out of this administration.
The thing that is lacking in this economy is DEMAND. When there is demand for goods and services--small business'es will expand and they will hire--and all without one single penny from the taxpayers of this country.
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