Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

Friday, August 13, 2010

The Democrats Have Controled The Economy For 4 Years Now:OPEN Thread

By Michael O'Brien: It's been four years since President George W. Bush could be held responsible for the nation's economy, Sen. Jim DeMint (R-S.C.) said Monday evening.

DeMint dismissed a key part of Democrats' midterm messaging — warning voters against a return to Bush-era policies — reasoning that Democrats have been controlling U.S. economic policies during the past four years in which they've controlled Congress.

"The president [Obama] keeps saying he inherited this, but the fact is that it's been four years since President Bush had anything to do with economic policy," DeMint said during an appearance on WVOC radio in South Carolina.

The South Carolina conservative sought to rebut an argument advanced by Democrats from President Obama on down in recent months: Returning Republicans to power in Congress would mean a return to some of the policies voters found less popular during the Bush administration.

"The policies that crashed the economy, that undercut the middle class, that mortgaged our future, do we really want to go back to that, or do we keep moving our country forward?" Obama said Monday at a Democratic fundraiser, part of a sustained effort to hammer away at Bush.

DeMint said, though, that some of the bills voters find most distasteful had been advanced during the past four years, after Democrats won back control of the House and Senate from Republicans in the 2006 elections.

"The Democrats have been in control of both houses of Congress for four years now. Congress writes economic policy; they spend the money," he said. "So it was the Democrat Congress that wrote the TARP bailout, they did the stimulus, they did the 'Cash for Clunkers.' They have done the healthcare, the financial bill. This is an unchecked Democratic agenda."

Friday, February 5, 2010

Why Is Obama Hurting The Small Business? Doesn't He Understand They Are Who We Work For And Them Too?

Lately, President Obama has tried to assure the American people that he’s working really hard to get our money back from that TARP bailout he’s been using as a revolving slush fund. Nonetheless, since yesterday was a day ending in “y”, it was evidently time for another bailout. Rules are rules, after all.
This time it was $30 billion for loans to small businesses:
“The $30 billion in loan financing would come from money repaid by big banks that got help from the $700 billion Troubled Asset Relief Program…That $30 billion would be used to create the Small Business Lending Fund, separate and distinct from TARP, according to two senior administration officials who outlined the program on condition of anonymity before Obama’s announcement.”
Did you catch that little two-step? Small businesses can get money for lending that comes from TARP but somehow…isn’t TARP. The distinction sounds like nothing more than window dressing, but why hide the truth? Maybe it’s because past TARP recipients (sometimes forced recipients) have been stigmatized and demonized by their association with this seemingly endless bailout fund. Or maybe it’s because businesses have learned an important lesson about TARP: where there’s a carrot, there will be sticks. Big sticks, and if I was a business owner considering an entanglement with TARP, I’d be more than a little wary of getting whacked.
Anyone can see that small businesses have been struggling. But even if President Obama assigned every last penny of TARP to this new TARP-redux for small businesses, he still won’t have addressed the real issue preventing robust private sector growth – the looming impact of smothering new taxes, mandates, regulations, and payoffs for Big Labor. These are some serious sticks that will beat down private enterprise with or without a loan from TARP.
If we continue down this path, the sustainable economic growth and long-term job creation we want simply won’t appear. Instead, we need to provide a commerce-friendly environment of lower taxes, lower debt, and lower spending. Not to mention we need to close down TARP to prevent the White House from using $700 billion of your money to bailout whatever company, industry, or sector it wants.

Wednesday, November 11, 2009

Where are the jobs Mr. President?

Obama's Fuzzy Math
WATCH THIS VIDEO

What is a 'saved job' exactly?  This admin is so full of crap they don't buy what they are saying. But the left wing sure does buy whatever Obama says lock,stock and barrel. Keep buying it you sheeple and when you finally wake up from you sleep it will be too late for your idealogy and party. On moveon.org the #1 most importand thing the govt can do is get health care now.#2 is the economy and jobs. I think this is also what is the White Houses priorities. Is that your priorty for all the out of work and under work Americans? I just don't think they really care about American workers unless they are union. We are at a 10.2% unemployment and rising and the govt doesn't seem to have a clear plan or a real care for the small business' that create 78% of the jobs in this country.