Posted on 01/13/2016 2:38:30 PM PST by Kaslin
I caught a blip from Mitch yesterday pre SOTU speech saying something to the effect that BHO can tell the public that they really don't see what they see and that he'll try to blame others.
Mitch isn't aware that he's also part of the problem
The only growth in GDP for the past 8 years has been from government deficit spending. We’ve been in a depression.
In a 14T economy a 1T deficit is about 6% of GDP. So I figure we have been going at a -3% pace for 7 years, a 21% contraction.
Obama has hurt our economy, and knowing *where* he hurt it enables us to see low-hanging economic fruit to harvest by reversing his policies.
For example, 0bamacare raised monthly healthcare premiums and raised annual deductibles. The ACA injected an entirely new layer of bureaucracy into the USA insurance system and added time + Dollar consuming compliance rules for doctors, too.
Simply returning to the old health insurance system (NEWS FLASH: the USA had health insurance before 0bamacare!) will add 2% GDP growth to our economy.
As another example: 0bama stalled for years, and finally killed, thousands of jobs related to the Keystone Pipeline. This is easy to approve by the next President, since it uses all private market money to build and operate. Possibly a 0.5% GDP boost once approved.
Of course, with the price of oil so low in 2016, the Keystone is a lower priority than:
REPATRIATION!
Over $2 Trillion in foreign profits is currently held offshore by USA companies and high net worth individuals. No USA taxes are being paid on those funds, and no USA jobs are being funded by those monies.
The next President can issue a Repatriation amnesty...or the next Congress plus President could openly legalize the Repatriation of those monies from offshore back into the USA economy.
Bringing that $2.2 Trillion here from offshore into our current $17.5 Trillion economy would be an overnight GDP boost of 12.5%.
That’s a “Roaring ‘20’s” level of GDP growth!
Putting money into our domestic economy will generate massive economic growth. That fact isn’t arcane. It isn’t in dispute. It isn’t even complicated.
Imagine how many private Space companies would be sending rockets to the Moon ala SpaceX and Orbital Sciences if there was $2.2 Trillion in U.S. Dollars sitting on the surface in a box.
Well, that $2.2 Trillion isn’t even as far away as the Moon. It’s in China, Europe, and the Bahamas...just waiting for a tax amnesty to bring it to the USA for our economic boost.
...
To boost the USA economy, simply reverse the above 0bama policies for 0bamacare, Keystone, and Repatriation.
That’s why now is the time to stock up on food and other supplies.Get it now or risk never having what you need to survive.
I loathe low-rent, public schooled trash.
That’s how we got into this situation.
Parental maleficence; it’s the root of national evil.
The exact same way I calculate it.
“By this time next year we’ll be dodging bullets as we scavenge for food.”
Damn, I hate doing that in cold weather! I think I’ll go find a cave and fill it with canned beans, blankets and such and pile it full of firewood, make myself a latrine and curl up. I wonder if my wife would consider going with me.
...the damage will linger for years to come...”
...and so will Progressive efforts to blame someone else.
IMHO
It will take more than 4 years to fix what has taken since Ronald Reagan to mess up. Both sides have either added to the problem or stood by while that was done, and unfortunately for us, when the Republicans had the chance to undo some of that damage, they didn't. Between the Congress and Obama, they have had longer to stuff riders in omnibus bills to lay the groundwork to destroy this country, and then act on it when they got the puppet in the white hut.
It will take some pretty extreme change to get rid of the mess which the Democrats and GOPe have made, and it won't happen in the next 4 years. The gibsmedats will riot, Whole agencies will have to be stripped or eliminated, and that will require the end of public employees unions. The tax structure will have to be changed. Obamacare will have to go--especially the penalties (you paid for your doctor out of pocket, only now you get FINED for that, which makes paying for your doctor harder). Was that a sweetheart deal to salvage the insurance companies who underwrote the derivatives market which folded in '08?
Either way, the American people have been looted more efficiently than any robber or burglar could have dreamed of. If you had gold fillings, you'd better check to see if they are still there.
YES
“The only growth in GDP for the past 8 years has been from government deficit spending. We’ve been in a depression.
In a 14T economy a 1T deficit is about 6% of GDP. So I figure we have been going at a -3% pace for 7 years, a 21% contraction. “
One smart FReeper, and you nailed it. Too bad 98% of Americans will never figure this out.
“Either way, the American people have been looted more efficiently than any robber or burglar could have dreamed of.”
They didn’t have a printing press, or AUTHORITY to steal.
Top notch post!
B T T T
Trump/Cruz may stem the flow of blood flowing from one wound out of thousands of the dying carcass, the greatest experiment that mankind has ever seen, but it is going to die regardless.
I think there is a whole herd of them.
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