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The Reality Hammer Blog Reality Hammer - For People Who Can Handle The Truth - More failure from Obama and Co.
Reality Hammer - For People Who Can Handle The Truth - More failure from Obama and Co.
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More failure from Obama and Co.
Today the numbers for economic growth were released and demonstrated yet again that the Obama economic policies have been an epic failure. Growth for the previous quarter was revised downward to a recession-like 0.4%. Growth for the most recent quarter was almost as bad: 1.3%.

This virtual non-growth is miles from where we were at in previous expansions. The Reagan expansion (still the gold standard for growth during an expansion in peacetime) at this point was churning along at 8% with declining inflation, poverty and unemployment.

The time has come for the Democrats to admit their mistakes and stop holding the people of America hostage with their policies of endless debt.

Call your representatives and demand that they cut spending first and cut spending significantly as part of any budget or debt deals going forward.

It's far past time that Congress adhered to a real budget. That's the only way we can restore real economic growth and create a climate that facilitates job growth.


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saturnfall From: saturnfall Date: July 30th, 2011 12:16 am (UTC) (Link to this entry)
"The time has come for the Democrats to... stop holding the people of America hostage"

Love it! =D
justgoto From: justgoto Date: July 30th, 2011 07:16 am (UTC) (Link to this entry)

Growth for the previous quarter was revised downward

Which has been the tone for his entire presidency.
madamealexis From: madamealexis Date: July 31st, 2011 07:48 pm (UTC) (Link to this entry)
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"The Founding Fathers knew a government can't control the economy without controlling people. And they knew when a government sets out to do that, it must use force and coercion to achieve its purpose."

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