5 suggestions on how to get our nation moving in the right economic direction

Obama Stimulus Didn’t End Our Economic Misery, It Merely Postponed It

By Fred Dardick
Thursday, August 5, 2010

Democrats insist their nearly trillion dollar stimulus package was successful in preventing the nation from sliding into another Great Depression. While that is overstating the matter a bit, I would agree the economy required a much needed boost that only the federal government could provide, especially considering the Dow hit rock bottom at 6,547 in March 2009.

Something big was needed, if for no other reason than to convince investors that the world wasn’t going to end with Obama’s election – investors are, after all, a forward looking group and I highly doubt many believed Obama would be good for business.

What could have been a beneficial investment in our nation’s future, turned bad when Democrats in Washington chose for themselves who would get the money. Not surprisingly, instead of businesses and investors receiving tax breaks to spur private sector job creation, the majority of stimulus funds were directed to state and local governments, politically connected unions and pork projects that only a politician could love.

Because of the Democrat’s poor choices, the $787 billion in borrowed Chinese money hasn’t ended our economic misery, but merely postponed it.
Did Joe Biden Reveal a Secret White House Plan to Socialize America?

We are already seeing the consequences of the Democrats reckless spending in the elevated unemployment rate. What was unimaginable not so long ago, economists now predict unemployment in the 10% range for years to come, if not permanently. Vice President Joe Biden’s comment that he did not expect the 5 million jobs lost during the recession to return is particularly illuminating. To believe the $14.3 trillion U.S. economy would be unable to create a measly 5 mil jobs seems ludicrous at first glance.

There is only one reason for anyone to expect unemployment to remain permanently elevated, namely the socialization of America along the lines of Europe, where 10% unemployment is the norm. I can think of no other explanation. It is as though Biden’s admission regarding the lost jobs means Obama’s secret plan to socialize America isn’t so secret in the White House.
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