I was shocked to see this headline on the "new" NBCnews.com:
Economy may be permanently stuck in slow-growth mode
What the author, John Schoen, ignored throughout the article was the 800 pound gorilla in the room -- Obama's European-style socialist vision.
[SNIP]
To correct some of these oversights, I would suggest that we begin by revising the graph as follows:
As for Obama's socialist vision, the path of the graph is exactly what he wants to see. This is the path towards ultimate government dependence on the part of the masses.
In order to illustrate Obama's Marxist "success" further, I would include a couple graphs comparing Obama and the Democrats' performance with Europe's.
First, look at the sustained unemployment during pre-Obama years compared to the rates during his presidency (which included two years of Democrat-controlled Congress) and then 20 years of the six leading Eurozone economies:
Even through several recessions the U.S. never approached European-level unemployment for any extended period of time until Obama and the Democrats took control. Since Obama's election our figures mirror European numbers perfectly.
Now let's look at some GDP figures from Europe:
Again, if Obama's European-style socialist vision involves permanent budget deficits and long-term GDP growth of 1.5% to 2.25% as the article suggests, he is doing exactly what he hoped to do. Unfortunately the cost is a debt-to-GDP ratio far exceeding Europe's leading economies......
(Excerpt) Read more at americanthinker.com ...
