The America you grew up in will disappear if Barack Obama is elected for a second term. The nation’s small business job-creators—my clients—are already Atlas Shrugged-like, ON STRIKE. Don’t Americans realize that our country’s job-creating engine is stalled in fear of another four years of the Obama administration?
No Americans suffer more in a mismanaged economy then do the unemployed. Look at the best measure of unemployment misery. It’s a simple gauge that measures the average length of unemployment in weeks. In my lifetime, the normalized peak during periods of the worst economic mismanagement has been about 20.
This frightening display shows that the weeks of unemployment gauge under Commander Obama has soared to an unforgiveable 40 weeks. That’s twice past peaks. Barack Obama cannot blame George Bush for today’s unemployment debacle. No, the complete nasty unemployment run up has been on President Obama’s watch. How the man can ask Americans for four more years of this beats me.
A second worthy gauge of the health of employment in America is the number of non-agricultural employees in goods-producing industries.
After a full four years of pedal-to-the-metal money printing, only a most sad mini-bounce has been recorded. Throttle back on the money printing and watch what happens.
Just who is at fault here? The team that jammed Obamacare and Dodd-Frank down American gullets is at fault. And the complicit facilitators at the Fed deserve equally foul marks. Obamacare and Dodd-Frank need to be repealed and the Fed shuttered.
The Obama crowd has spent and printed like never before in the history of America. And what is the pay off for your children and grandchildren? How about a veritable mountain of debt. And do not blame George Bush here, President Obama. The catastrophic explosion of debt has happened on your watch. You need to take the blame and explain to Americans how you plan to pay off this debt?
One revealing place to look for recovery in a normal period of economic expansion is the construction industry. America needs fixed capital investment in order to fuel growth. Check out my display! Takes your breath away, does it not? But look hard and you will see the mini Obama bounce. What a travesty.
Finally, let’s see how the manufacturing industry is doing with growth and renewed gains in employment. As my display clearly shows, all upside momentum has been lost. The trend is clearly down.
President Clinton, with a straight face, tells Americans that the country needs four more years of President Obama so that the president can finish the job. First, I find it hard to believe that Bill Clinton wants four more years of the deeply over his head Barack Obama. Second, even a schoolchild can look at the charts and imagine the horror if these charts were extended for four more years.
Am I being unfair here? No, Barack Obama and team are at fault 100%. How the man was able to squirm through a debate on the American economy is a mystery. Americans were not delivered the knockout punch deserved, and President Obama was let off the hook. I hope that when a wide swath of the voters understands what is outlined here, the true message will see the light of day.
President Obama is completely devoid of background on any subject that would have helped him right the ship. He has never held a meaningful job in his life. He has never met a payroll. He hasn’t the vaguest concept of investment. And do not let the president feed you his government investment yak. An investment occurs when Americans work, accumulate capital, and put their capital to work for a return in the form of interest or dividends (my #1 investment law).
The federal government does not work and accumulate capital. No, the central government grabs money from you in the form of taxation or borrowing. Or, in lieu of this, the printing presses crank up and money is created literally out of thin air. The central government has a checkbook, but has no checking account. In order for the government to create the illusion of investment, either your checking account or a printing press is required.
Read The Communist Manifesto. Read Atlas Shrugged. Google Building One America, and become a Cato Institute benefactor, as I have done. I believe these four steps will help you and your family better understand that the president, as Clint Eastwood has distinctly pointed out, is “the greatest hoax ever perpetrated on the American people.”
As a parting salute to the failed presidency of Barack Obama, Americans should not forget that President Obama is the guy who lost America’s triple AAA bond rating and who uttered the truly memorable, “If you’ve got a business, you didn’t build that. Somebody else made that happen.”