The Progressive controlled Media is celebrating the fact our GDP grew at 3.5%. They are declaring the Recession is over and that good times are back. Wall Street is roaring like it’s the 90’s. Meanwhile our jobs are disappearing and people’s wages are falling. It doesn’t matter to the Progressive Propaganda machine, they will spin the economy to help Obama. Reality doesn’t matter to them, it’s all about the message.
Princeton, New Jersey (CNN) — When the stock market broke the 10,000 point barrier a few weeks ago, many investors celebrated. Economists have started to talk about the end of the “Great Recession.” But many Americans can’t see what all the enthusiasm is about.
National unemployment rates remain extraordinarily high, having reached almost 10 percent. According to the Congressional Budget Office, unemployment will climb to 10.2 percent in 2010 before falling to around 9.1 percent the following year.
Within particular states, the situation is dire. In Massachusetts, unemployment rates have reached a level not seen since 1976. Michigan’s unemployment rate is at a little over 15 percent. State budgets, according to a report by the Rockefeller Institute of Government, are still devastated by rapidly declining tax revenue. According to its study, collections by states fell by 16.6 percent from April to June.
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Americans are hurting and many of the jobs gone are not coming back. The policies of Obama are artificially inflating the GDP numbers through his stimulus. The issue is what will happen once the money stops flowing? What can sustain an economic recovery? Obama has no ideas or plans that can work. It’s possible this is a permanent change in the American economy and not for the better.
I feel we need new economic policies. We need to restructure our Tax code so America becomes competitive in the Global economy. We need to view our nation as a Corporation and other nations as a competitors. We need policies that steal jobs, businesses and capital from other nations. We need policies that benefit the American people and nation. Restructuring of our Tax code is the key to restore prosperity. Until this happens, we will continue to get our clocks cleaned economically by China, India and others. If we don’t we get our economic policies in order, the American people will suffer.
