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Economy Drags on Obama's Approval Ratings but Donít Look for Changes in Washington
Breitbart ^ | 12 Mar 2014, | Peter Morici

Posted on 03/12/2014 4:24:52 PM PDT by xzins

The latest polls indicate a weak economy continues to drag down President Obama’s job approval rating, but those hardly guarantee any big changes in Washington. Americans may want more jobs and better wages but they also support many of the president’s specific policies.

Obama’s recovery is hardly better, or worse, than President Bush’s. Both only registered 2.3 percent GDP growth, whereas the economy expanded more than 4 percent annually for Ronald Reagan and Bill Clinton.

The continuing mess in Manhattan is a joint venture of the Republican and Democratic Parties, as neither seems able to break loose from its campaign contributions. Dodd-Frank reforms have only made borrowing more difficult for small businesses and home buyers.

...one out of six men between ages 25 and 54 are jobless with few prospects of ever finding full-time employment again.

The causes are easy to identify: excessive health care subsidies and income support that Democrats now praise for encouraging poorer folks not to work and increase federal, state, and local taxes. And entitlements divert funds from investments in road, bridges, and basic R&D.

Germany, Japan, and China are America’s principal competitors, and each undervalues its currency to artificially make its products cheap against American products on U.S. store shelves and in global markets.

Onshore drilling in North Dakota and Texas notwithstanding, the United States still imports as much oil as it produces, when drilling off the Atlantic, Pacific, and eastern Gulf Coasts could eliminate dependence on foreign oil.

Fixing those issues would increase GDP by $750 billion and create seven million jobs over three years--after that economic growth would stay well above 3 percent indefinitely.

My recommendation to young men--emigrate.

(Excerpt) Read more at breitbart.com ...


TOPICS: Editorial; News/Current Events
KEYWORDS: economy; emigrate; employment

1 posted on 03/12/2014 4:24:52 PM PDT by xzins
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To: xzins

The more the people turn on him, the more he will turn on the people, it is just the way of a tyrant.


2 posted on 03/12/2014 4:35:57 PM PDT by PoloSec ( Believe the Gospel: how that Christ died for our sins, was buried and rose again)
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To: PoloSec

Hillary will be more of the same.

I don’t think this nation could take 11 more years of this. I’m worried about it surviving the next 3 years.


3 posted on 03/12/2014 4:39:10 PM PDT by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)
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To: xzins

“whereas the economy expanded more than 4 percent annually for Ronald Reagan and Bill Clinton.”

We should not give der Schlickmeister credit for a 4 percent growth. None. The economy was already growing for a long time before candidate Clinton came up from Arkansas and swindled the voters into believing the economy was not growing. He then raised taxes, sank the stock market, and tried to impose Hillarycare on the country. It should not read grew 4 percent “under” Clinton but “despite” Clinton.


4 posted on 03/12/2014 4:39:23 PM PDT by heye2monn
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To: PoloSec

Sorry...your intentions are Right on....but....Obama came into office determined to destroy the USA economy ....and...then.......the American nation with it!!! It is as clear as the nose on your face!!!


5 posted on 03/12/2014 4:40:56 PM PDT by JLAGRAYFOX ( My only objective is to defeat and destroy Obama & his Democrat Party, politically!!!.)
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To: heye2monn

The Newt Gingrich and the Republicans controlled the House of Representatives for the last six years of the Clinton presidency. Clinton was a lot smarter than 0bama. Clinton made deals with Gingrich and the Reagan boom was still continuing. Of course, Clinton claims ALL of the credit.


6 posted on 03/12/2014 4:51:42 PM PDT by forgotten man
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To: xzins

Seems only fair since Obama drags on are economy, as my Mother says “the worst part is he still has three more years of damage left”.


7 posted on 03/12/2014 4:54:22 PM PDT by Mastador1 (I'll take a bad dog over a good politician any day!)
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To: forgotten man

Repubs controlled Congress for only the last four years of the Clinton presidency. Clinton deserves no credit for doing what Republicans forced him to do.

Slick Willie’s giant tax increase in 1993 overshadowed everything else in his presidency. He agreed to a Republican capital gains tax cut but then tried to shut down Microsoft for anti-trust reasons. We are still suffering from the high income tax rates that Clinton foisted on us. No thanks to Bush I and his “read my lips” tax increase, either.


8 posted on 03/12/2014 5:14:35 PM PDT by heye2monn
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To: xzins

Don’t worry about a thing, it will all be ok. As long as the FED continues to give Wall Street a TRILLION dollars a year to buy up all the worthless debt and cover up the massive fraud upon the people perpetrated by Wall Street, everything will be fine./s


9 posted on 03/12/2014 5:32:19 PM PDT by eyeamok
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To: forgotten man

sorry, you’re right. it was six years. A little brain-lock there. I will go sit in the corner with a dunce cap. :-)


10 posted on 03/13/2014 4:03:23 PM PDT by heye2monn
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To: xzins; PoloSec; blam; M. Espinola; TigerLikesRooster; Starman417; Chunga85; Old Sarge; Progov
19 Signs the US Consumer is Tapped Out !

We no longer have a consumer based economy because govt has taken over all means of production in 0's corrupt world

11 posted on 03/14/2014 6:05:34 AM PDT by ex-Texan (The Time to "Wake Up" is Over !)
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