Tuesday, September 8, 2015

Obama’s Labor Day Diatribe Just More Economic BS

Photo Credit: Unknown

I wish I could say that I’m surprised with President Obama’s Labor Day diatribe but I’d be lying if I said that. If people haven’t noticed by now, 2 of President Obama’s dominant character traits are his love of NBA-style trash-talking and his inability to resist bragging up his pathetic economic policies. Simply put, he’s a legend in his own mind. He’s also a confirmed liar.

Part of the freshest proof that he’s a confirmed liar is when he said “The fact is the verdict is in: Middle-class economics works.” Mr. President, that isn’t a fact. That’s an opinion. Actually, it’s an opinion that’s shared only within the farthest left part of the Democratic Party. Vice President Biden doesn’t even believe that. Mr. President, if  your “middle class economics” is working, why did your Vice President say that “the U.S. economy” was “devastating for workers”? Mr. President, if your “middle-class economics” work, why are the U.S. economic policies you’ve put in place producing the most anemic ‘sustained’ economic growth since the Great Depression?

This part of President Obama’s speech is exceptionally ironic:
"Unfortunately, there are some folks in Washington and some folks who are trying to get to Washington who don’t want to face these facts … in their world, the only way to help the country grow and help the country get ahead is to cut taxes for millionaires and billionaires."
"And then you just wait....you look up at the sky and prosperity will come raining down on us from whatever high rise is in your city. But that’s not how the economy works. These folks are pretty stubborn. I will give them credit. They don’t let facts or evidence get in the way."
Mr. President, why do you insist that your opponents “don’t let facts or evidence get in the way” of their economic arguments when it’s you that has ignored anemic GDP statistics and things like the Workforce Participation Rate, which is at its lowest rate in 38 years? If  your “middle-class economics” works, why are 94,000,000 people who normally would be in the workforce not looking for work?

The truth is that President Obama’s policies are failed policies. It’s time to stop this disaster. It’s time to implement pro-growth economic policies. It’s time to roll back 90% of the Obama administration’s job-killing regulations.

Obama still hasn’t admitted that you can’t be for a strong middle class and anti-job creators at the same time. 
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