Here Comes Obama’s Recession

September 25, 2012 07:04

Absent from governing, Obama’s close minded ideology has prevented him from leading the US out of economic danger. His Marxist redistribution policies have lead us down the same path as the failed European welfare state countries.

The Democrat controlled senate has not even passed a budget in over three years. Our national debt under Obama has shot up 60% to a level comparable to Greece. When the debt was only $10 trillion Obama called it unpatriotic yet he has done nothing but propose more spending with more borrowed money.

As the US faces record tax increases January 1, 2013, Obama has not even met with his “jobs council” in over six months but managed to set a presidential record for time spent golfing. In 2010 Obama said you can’t raise taxes in a down economy but now insists on tax increases to appease his socialist base. Many warn that the combination of expiring tax rates, new Obamacare taxes and record debt have the US headed for a recession.

Global growth is falling and perhaps Marc Faber was right when he said the chances of a global recession are 100%:


Household incomes have continued to slide under Obama’s record spending and astronomical debt. Stubbornly high unemployment is not the only bad result of Obama’s redistributionist policies. Can we afford four more years of economic suicide?


The choice is clear this November. National suicide or a chance at recovery. Under Obama household income has fallen more during his “recovery” than during the recession. Record numbers are on food stamps. Gas prices have more than doubled under Obama’s anti-energy policies. 2 million less people are working than when Obama took over. The only budget Obama has proposed would drive the debt ever greater with continuing record deficits. Obama has set a record for time playing golf but has not met with his “jobs council” in over six months. Under Obamanomics we have lower incomes, more poverty, more inequality, more dependence, blacks doing worse.


By Michael Whipple, Editor



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