President Obama Thinks Poor Economy Rating Is Just a Blip

“We don’t yet know whether this is a one-month episode or a longer trend.”

President Obama seems to think that May was just an outlier on an otherwise satisfactory recovery. With Unemployment above 9% for 23 of the past 25 months, new jobless claims higher than expected month after month, the President needs to realize that this is not just a blip.

True, the May numbers were substantially worse than previous months, but there is a frightening trend of sub-par recovery that begs the question, “when will this administration get it?”

The left derides conservatives over supporting the (according to The New York Times) “same ‘fixes’ that Republicans always recommend no matter the problem.” These “fixes” of course include lowering taxes on job and wealth creation, reducing regulation and promoting free trade. Conservatives have offered these “fixes” before (see Reagan’s recovery) and maybe it’s time to give them another chance.

The left likes to say that those policies lead to the financial mess we’re in today. Not so. Bad regulation and flawed government incentives (like Fannie and Freddie) lead to the mess we’re in today.

It’s also funny that liberals are calling for their same old ideas to fix the problems as well. Ideas they tried when President Obama first took office, and ideas that obviously failed (like the stimulus and increased regulations).

Their solution “no matter the problem?” Tax the rich, pull out of Iraq and Afghanistan, and of course, spend more.

It all comes down to whether you believe America’s entrepreneurial spirit and the private sector can pull us out of the mess without spending taxpayer money, or if you believe that the government (with taxpayer money) is the only solution. History shows the former.

Please Share Your Thoughts