To The Daily Sun,
Pat and Jane Wood of Laconia suggest Democrats like Hillary Clinton support small businesses on Main Street. Pinocchio's nose just grew another foot.
Job creation, whether in small towns or big cities comes from one source, a strong, vibrant, growing economy underpinned by a work force educated to perform those jobs. Of all the macro failures of the Obama administration, none has had more dire consequences for the electorate than his inability to return this country to sustained economic growth back to trend line.
GDP for the first quarter just ended in March 2015 was actually a negative number. The Federal Reserve is still holding interest rates at recession-level lows as if the economy were still in crisis mode. For them it still is crisis. They are unable to increase rates for fear any hike will tip the economy back into recession. After seven Obama years the economy is still so weak they can't even begin the process toward normalizing rates.
For the 40-year period leading to Barack Obama's election, this country produced an average 3.5 percent annual GDP growth rate. Following recessions the economy always came roaring back producing 4 percent and 5 percent GDP output. That happened like clockwork going back to the 1940s. Not under Obama. Our economy still farts and sputters, unable to get out of first gear. Barack Obama will leave office next year having produced one of the poorest American economic output records of any president in modern history. Obama's GDP will average below 2 percent for his entire eight years.
There is no mystery why 20 million people have fallen out of the middle class since 2008. The less fortunate have been recipients of a subsidy tsunami to sustain them. The rich have used, and continue to use the free interest rate money to buy back their companies shares sending the stock market and their bank accounts to levels never seen before in history. Meanwhile, the middle class and Main Street have been been "hung out to dry" by Obama and Democrats.
Did you ever hear Hillary Clinton opposing any of Obama's economic policies as the middle class were swirling for the cesspool in the Obama sub-2 percent? Not a single word from her. That anyone could suggest Hillary is sensitive to the needs of main street and the middle class is beyond preposterous.
To make it extra clear to Pat and Jane, small-business creation across America has fallen off an absolute cliff since Obama was elected. Small-business investment that is indeed the engine of new job creation is now at 20-year lows. All while Democrats like Hillary and Obama have never seen a new tax on business they didn't love, higher minimum wages they couldn't hug, a union whose butt they couldn't kiss wet enough, or more rules and regulations that make getting into business that much more difficult, time consuming and expense.
If Pat and Jane want to spin fairy tales about filthy rich, certified hypocrite and top 1 percenter Hillary Clinton supporting the middle class and small business I suggest they pick some other paper than The Daily Sun because their delusional BS is going to get called out every time.
Barack Obama came into office with his mouth blazing. Profits are evil, businesses are all corrupt, they don't deserve what they built, business exceptionalism is crapola, and every business needs to be more highly regulated and taxed by him and the Democrats to produce equality.
Why in God's name should any one be surprised after this never ending frontal assault on business by Democrats that after seven years of that our economy would still be in the crapper, the Fed can't hike interest rates to normal, entrepreneurs have disappeared, small business investment has dried up, American business is trying to leave our country because of high taxation, and the percentage of eligible workers with an actual job is at 40-year lows?
Still, to this moment we have people in donkey clown cars supporting certified economic idiots for high public office that are 100 percent sure to produce disaster exactly like this.
- Category: Letters
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