Sunday, August 29, 2010
"Time to admit Obamanomics has failed"
I read somewhere that 40% of Americans believe in ghosts.
Perhaps they also believe in Obamanomics. How about you?...
Perhaps they also believe in Obamanomics. How about you?...
Here's part of a recent Washington Examiner editorial as posted on it's website:
"The Wall Street reform law Obama recently signed potentially requires 533 new regulations, 60 studies and 93 reports, according to the U.S. Chamber of Commerce. Obama's Environmental Protection Agency has 29 active rulemakings, and there are 100 new rules on the Labor Department's agenda and 26 at the Transportation Department.
Add Obama's determination to raise everybody's taxes by allowing the Bush cuts from 2001 and 2003 to expire Jan. 1, 2011, and it's easy to why banks, businesses and consumers are hoarding trillions of dollars that could otherwise spur economic growth. And we haven't even addressed the destructive effect on economic growth of Obama's nationalization of major portions of the economy, including the banks, health care and the auto industry."
