US Action News

Featuring 19 “lowlights” of Obama’s disastrous economic policies from IBD Editorials on Kudlow.

“All they have to offer is fear and envy.” Rep. Paul Ryan speaking about the lack of leadership on the economy by the Obama administration and Democrats who have refused to pass a budget in over three years.

Obama keeps up the “green” jobs myth by counting some surprising jobs as “green.” Used clothing sales, used record shops and driving a school bus all pass as “green” jobs in Obama’s magical mythical green jobs scam. Rep. Darrell Issa asked Obama’s top Dept. of Labor statistician what “green” jobs are.

Rep. Paul Ryan questions CBO’s Doug Elmendorf on how tax rates and debt effect economic growth. It’s like telling a family that they’ll be better off financially if they live within their means. It’s pretty sad that this simple fact needs to be explained in painstaking detail to our president and his constituents. But facts don’t matter to ideologues like Obama.

Congressional Democrats and Republicans have been so angered by the president’s decision against the pipeline that in mid-April the House passed a short-term transportation bill that would facilitate the next stage of the oil pipeline. The bill passed 293 to 127, with 69 Democrats supporting it. It was the fourth time the House had passed a measure to expedite the stalled project, one of which failed in the Senate by a narrow vote when the president personally lobbied some Democrats to vote against it.

To say that the economy is anemic is an understatement – GDP is 1.9 percent, only 69,000 jobs were “created” in the month of May and unemployment is at 8.2 percent. Unemployment figures are constantly revised, massaged, and misrepresented. No wonder, citizens no longer trust their government, they fear it.

Economic activity and lending are slowing down all over the planet, and fear is starting to paralyze the entire global financial system.

“Since taking office, Obama has invested billions of taxpayer dollars in private businesses [mostly in renewable energy companies], including as part of his stimulus spending bill. Many of those investments have turned out to be unmitigated disasters — leaving in their wake bankruptcies, layoffs, criminal investigations and taxpayers on the hook for billions.”

[L]ast Friday was Black Friday because the U.S. Department of Labor announced that only 69,000 jobs were added in May, well below expectations that it might reach 150,000. The official unemployment rate ticked up to 8.2 percent, but it is actually far closer to 15 percent.

Unemployment rises in Obama’s “jobs focused” recovery as market drops. We have been warning that Obama’s policies, what he is actually DOING, show that he is ANTI jobs no matter how much he TALKS about creating jobs.