Mr. Biden: It is not just stagnation, but stagfaltion - low productivity
cuppled with inflation. The Keynesian economic policies of the mid-late 1970s
brought us stagflation, and Mr. Obama is repeating those same mistakes on a
massive scale. When will we learn that the US Government cannot spend its way
out of a resession/depression? It robs the private sector of capital needed to
create jobs and improve productivity. It didn't work for FDR, it was a
disaster for Nixon, Ford and Carter, and it isn't working now. The US
needs to strangle its debt with deep spending cuts like we strangled inflation
in the early 1980s with higher interest rates and lower taxes that set the
nation on the longest stretch of economic prosperity in half a century.
Re: "Obama . . . portrayed himself as a champion of a struggling middle
class."Can't argue with that -- middle class wouldn't
be struggling if it weren't for him.
Thanks, Mr. Biden. You said it, so it probably isn't true or relevant. If
Obama were as smart as he claims to be, his campaign would send you on a
radio-silent, fact finding mission to Antarctica until mid-November. Every time
you speak I pray for the president's good health.
Of course its not stagnated, unemployment has gone in severe recession where we
now have 88 million employable americans unemployed and on federally funded
Obama unemployment disabilities programs. Unemployment by the real numbers is
well over 14% if you count those not getting unemployment benefits and want to
work.And I think the Utah unemployment rate is even worse then the
14% federal unemployment rate because so many illegal aliens taking jobs off the
market. Utah doesn't count those on welfare looking for jobs as unemployed.
They are in the socialist state funded program which is paying unemployed
workers substitute wages from welfare.No Romney can't make the
unemployment any worse, but he will continue the Obama economic destruction
plans of suppressing prosperity and providing more welfare to offset and
re-designate unemployed as socialist dependents of government who don't
need or want a job. Hide the people who want jobs with welfare to
take them off the market as Obama has been doing for 3 years and beyond. The
only problem with socialist programs hiding those who want jobs is that it is
not sustainable and a sign of a worsening recession.