Obama Has Failed to Spur Economic Growth

Monday, 11 Oct 2010 10:37 AM

By Grover Norquist

  Comment  |
   Contact  |
|  A   A  
  Copy Shortlink
After a year and half of broken promises on economic recovery, the latest job numbers show that the trillion dollar debt and spending “stimulus” plan, piled on top of higher discretionary spending, Obamacare, and massive government intrusion into the private sector have done nothing to encourage economic growth.

Congress, which has racked up trillions in new debt experimenting in government “stimulus,” has demonstrated absolutely the failures of a big government agenda:
  • Americans were threatened that absent a nearly trillion dollar infusion of tax dollars into the economy under the guise of “stimulus,” unemployment would crest at 8 percent. This month marks the17th consecutive month unemployment has lingered above 9 percent.
  • Obamacare, which has already caused million-dollar writedowns for private companies who will be unable to afford its expensive mandates, was purportedly supposed to create 4 million jobs, 400,000 of which were to appear “almost immediately,” according to Speaker Pelosi.
  • Measures that have proven to stagnate growth by subsidizing unemployment, such as the Supplemental Nutrition Assistance Program (food stamps) are at an all-time high.
  • Despite the fact that the economy has lost over 3 million jobs since the Obama administration came into office, the president and his colleagues in Congress continue to promote recovery via government “stimulus,” most recently in a proposal to funnel $50 billion to wasteful and unnecessary transportation projects.
These latest job numbers demonstrate why 68 percent of Americans think the “stimulus” was a total waste, while 90 percent think the economy is doing poorly.

This report is an edifying illustration of our tone-deaf Congress. Rather than adopt pro-growth policies, like preventing the largest tax hike in history in January, members continue to reiterate failed “stimulus” policies, close their eyes and hope for the best.

This blind governance-by-repetition shows the only jobs Congress cares about is their own.

Read more: http://atr.org/#ixzz123optoNK

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Free Agents Choose Teams With Lower Taxes

Monday, 17 Nov 2014 14:45 PM

A new study jointly-released by the Canadian Taxpayers Federation (CTF) and Americans for Tax Reform (ATR) reveals that  . . .

Inspector General: IRS Risks Insider Breach

Sunday, 09 Nov 2014 11:05 AM

A recent report released by the Treasury Inspector General for Tax Administration (TIGTA) reveals that the IRS is at ris . . .

Taxpayers Soundly Reject Higher Taxes

Wednesday, 05 Nov 2014 06:59 AM

On Tuesday, taxpayers overwhelmingly prevailed in each of the top five binding tax related ballot measures. . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved