Sunday, July 1, 2012

Obamanomics: Economics For Dummies (Forbes - full of facts, send to friends)


Forbes ^ | June 28, 2012 | Peter Ferrara,


...Obama's recovery has been pitiful, again the worst economic recovery since the Great Depression, especially as compared to the all-time record Reagan recovery.

Indeed, if Obama's perverse policies are not reversed, his soaring tax rate increases next year on top of his skyrocketing regulatory burdens and runaway federal spending, deficits and debt, will just throw America back into recession, before there was even any real recovery from the last recession.

Then unemployment will soar back into double digits, the deficit will soar to new records over $2 trillion, and President Obama will have added more to the national debt than all prior U.S. Presidents combined, from George Washington to George Bush. The entire period will then look just like an historical reenactment of the 1930s. That should be no surprise that Obama in modeling his Administration after FDR is getting the same results as FDR. That is not fighting for the middle class, that is trashing the middle class.

(Excerpt) Read more at forbes.com ...

T-Shirt