Larry Kudlow’s in the Kitchen
Obama’s Goose Is Cooked
He got another rubber chicken for jobs. Bring on Romney’s filet mignon.…So much for Obamanomics. Didn’t work. Still isn’t working. As the JEC put it, spending stimulus, housing bailouts, auto bailouts, financial bailouts, cash for clunkers, cash for caulkers, and $5 trillion in deficit spending left the Obama recovery dead last in modern times.
Whatever happened to the great boom of the ’80s and ’90s, when the animal spirits were strong and the American economy wasn’t held hostage by Europe or China? In an odd twist, both Obama and his top economist Alan Krueger blame “problems built up over decades.” Does that mean they blame Clinton? Reagan?
For nearly 25 years — during those bad old decades — the economy increased 3.3 percent annually. Unemployment dropped from 11 percent to 6 percent to 5 percent to below 4 percent. Obama would swoon for numbers like that. But those statistics come from the era when big government was over, when pro-market forces stopped the expansion of Leviathan, and when marginal tax rates were slashed to grow the economy….
Biz, Nanny State, People | tree hugging sister | 
July 8, 2012 8:27 pm
Subscribe
Problems built up over decades? Do they mean the ones where Democrats controlled Congress and the WH and spent like drunken Mar … liberals? Those problems?
From the Donald:
Let me get this straight . . .
We’re going to be “gifted” with a health care plan we are forced to purchase and fined if we don’t.
Which purportedly covers at least ten million more people, without adding a single new doctor.
But provides for 16,000 new IRS agents.
Written by a committee whose chairman says he doesn’t understand it, passed by a Congress that didn’t read it but
exempted themselves from it, and signed by a Dumbo President who smokes, with funding administered by a treasury thief (or is that chief) who didn’t pay his taxes…….
For which we’ll be taxed for four years before any benefits take effect……
By a government which has already bankrupted Social Security and Medicare, all to be overseen by a surgeon general who is obese, and financed by a country that’s broke!!!!!
The Donald ignores one basic fact – Social Security and Medicare are both government-run pyramid schemes guaranteed to go broke by their very structure.
I suppose this is the silver lining for a very dark cloud.
Too bad the cause of these problems (politicians, most of them lefties) can’t be publicly flogged. Or even tarred & feathered, and rode out of town on a rail.