Monday, June 13, 2011

Prospect of a Double-Dip Recession - WSJ.com

OBAMA NOT AN 'ECONOMIC' FARMER: Prospect of a Double-Dip Recession - WSJ.com

Do a bit more research.

Pelosi wanted to take government spending as a share of GDP to 30%.

When Obama came into office - deficit and all - he increased Bush's proposed budget substantially.

And, the 800 billion stimulus largely went to keep state payrolls of public employee unions and public benefits intact.

The US needs to be investing in education and jobs and have a pro-business policy. All of which Obama is refusing to do because it means giving up the entitlements of the welfare state.

Just sit back and watch. Obama's plan for the economy was lots of talk and anti-jobs and what has he gotten - actually a better jobs picture than expected.

But, it's been done by printing money.

If one wants to see what Obama policies do, look at the economy in Michigan or Greece. Excuses can be made, but the policies are basically the same - entitlements, too high taxes and too much debt, pandering in unions, etc.

It's like a garden - tend it, care for it, plant good seeds and water it and give it some sun and, low and behold, verdant growth.

Indiscriminated weed, fail to water, fail to supply fertilizer, etc. and you get a poor garden.

Obama hasn't a clue how to farm the economy. He grew up like the kids who think food magically appears at the supermarket - it's there; they're entitled to it; and, they really don't know where it comes from or how it is produced.

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