By Peter Ferrara on 8.3.11 @ 6:10AM
Last Friday’s report on economic growth for the second quarter of 2011 completes the burial of Obamanomics. The economy grew a paltry 1.3% for the quarter, with reported growth for the first quarter reduced from a meager 1.8% to a negligible 0.4%. The economy for the entire year so far has actually grown less than the weak growth we thought we had for the first quarter alone.
August 3, 2011 | Categories: 2012 Election, Agency Regulation, America's Freedoms, Cloward and Piven Strategy, Congress, Constitutional Responsibilities, Corruption, Corruption in Government, Deficit, Economic Security, Economic Terrorism, Election 2012, Elections Politics, Excessive Government Spending, Federal Reserve Bank, Fiscal Responsibility, Government, Government Regulations, Healthcare, Housing Crisis, Liberals Big Spending and Taxes, Manufactured Crisis, Media Corruption, Most Americans Reject Socialism, National Debt, National Security, New Media News, Politically Intentioned Crisis, Politics, Radical Liberal Progressive Left, Scandals, The Economy, Treason, Undermining Constitution, Unemployment | Tags: big government failure, failed Kennesian economics, failed stimulus, left progressive failure, Marxism, Obama, regulations, socialism | Leave A Comment »
Until now, the Associated Press has actually done a credible job on economic reporting — but then again, this is a political analysis, not economic reporting, and it shows. Paul Wiseman asserts that electing Republicans in the House will extend the current economic stagnation, thanks to increased uncertainty about regulation and tax policy. Somehow that will risk our current miserable “recovery,” which we have because of uncertainty introduced by Democrats.
A standoff between the Obama administration and emboldened Republicans will probably block any new help for an economy squeezed by slow growth and high unemployment. Congress might also create paralyzing uncertainty for investors and businesses by fighting over taxes, deficits, health care and financial regulation.
“We expect massive gridlock and little cooperation,” writes Brian Gardner, Washington analyst for the financial firm Keefe, Bruyette & Woods.
If times were good, gridlock wouldn’t matter so much. A Republican Congress and Democratic White House butted heads in the mid- and late ’90s, after all, and their sparring did nothing to derail a strong economy.
But now, nearly a year and a half after the official end of the Great Recession, the economy still isn’t growing fast enough to bring down unemployment, which is stuck at 9.6 percent.
November 2, 2010 | Categories: Agency Regulation, America's Freedoms, Cap and Tax, Cloward and Piven Strategy, Constitution, Corruption in Government, Elections Politics, Financial Sector, Foreign Policy, Government, Liberals Big Spending and Taxes, Media Corruption, Middle East Affairs, Most Americans Reject Socialism, National Debt, New Media News, Political Contests, Politics, Poll Numbers, Progressives pushing for Marxism/Socialism, Radical Liberal Progressive Left, Recovery, Smaller Government, Tea Party Conservatives, The Economy, The Environment, Unfunded Union Pensions, UNIONS ACORN and SEIU, VOTER FRAUD, War on Terror | Tags: Bruyette & Woods, Democrats, economy and jobs, failed stimulus, House and Senate, investors, JWF, Keefe, mid-term elections, Obamanomics, precious recovery, Republicans, unemployment, WH | 1 Comment »