Entrepreneurs and their small enterprises are responsible for almost all the economic growth in the United States.
The Commerce department thinks that the economy would have taken a nose dive if it hadn’t been for the reocrd amount of spending by the Obama administration, the economy would have plunged by an astonishing 723 billion!! More than four times the record 167 billion reported last month by the Commerce Department. I think I will just shake my head in amazement at the lies that the government now thinks that we will fall for. For one thing, I don’t care how many times they say it, you cannot spend your way out of a recession, and unlike what the democrats claimed the other day, history proves me right. NOT THEM.
John F. Kennedy dropped taxes and spending and the economy was robust. Ronald Reagan dropped taxes, and the economy came back from the previous president’s starting recession and boomed for 20 years after. George Bush dropped taxes, something that is being allowed to expire this year, and the economy boomed during his administration. History proves that dropping taxes and spending excites the economy and spending goes on the rise. Raise taxes and spending drops and so does the economy. The only reasons why the economy was starting to come down during the end of President Bush’s term, was because he was spending too much, and the media, and the politicians were constantly saying we were under the worst economy since the great depression, which wasn’t true.
It’s curious to me, and it ought to be to you, that when things get tough now, the first place that Americans turn to for help is the government. And this is not the way it should be. The article in the New York Times mentions the economic recovery that began last year almost made me gag. My question to this is, What economic recovery? There hasn’t been one yet. But the article goes on to say that the economic recovery was caused by the inordinately big amount of government spending, as growth and other kinds of spending has disappeared. Okay. History teaches us that this cannot be true, but over and over again the democrats and the media feeds us this lie in the hopes that we finally will buy it. I can only say, give up, because we are not buying it. The only ones buying this hogwash are the liberal lemmings that follow what Obama is doing.
Harm Ban Holtz, an economist at Unicredit Markets says the following: Governmental support was critical in keeping the economy, particularly consumer spending, from completely collapsing during the crisis. This my friends, in my opinion is a bald faced lie. What props up spending my friends, is more money in your pocket. NOT more taxes to take the money out. NOT more government spending, which also takes money out. What makes the consumer spend more, is tax cuts and governmental cuts in spending. This has been proven throughout the 20th century over and over again. I named three of the times. But tax cuts and governmental spending cuts are two things that have not even been put on the table here. Because the democrats do not want this kind of recovery. Capital gains tax cuts. Income tax cuts. Tax cuts for everyone.
But the government wants us to bow and scrape and be obedient to them. Put them in total control of our lives. But I have to say this to Obama and Pelosi and Reid….You are totally wrong on this. Spending like drunken sailors will NOT bring this economy back. You have the way to do it now, and it is simple. Cut taxes, cut spending, and get more money into the pockets of the people. The economy will take care of itself. YOUR WAY? Never will happen. Sorry Charlie…..uh I mean Obama. Won’t work.
God Bless America, her troops, allies and citizens
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