Hoping for a Change

Unemployment is on the minds of a lot of people lately.  Obama has been making promises about unemployment and blaming the Bush administration for too long.  If history is any indicator, there has been enough time for the economy to recover from major problems.  Remember Carter?  Reagan, due to a policy of decreased taxes and lowered spending, dropped the unemployment rate from 10.8 percent to 7.5 percent in 20 months.  In contrast, Obama has raised the unemployment rate from 8.2% to 9.2% in the same time frame.  So what is going on? Why is the economy faltering and the unemployment rate so high?

The answer is simple.  We have President Obama’s big-spending economic policies to thank for slowing the pace of recovery.  House Budget Committee Chairman Paul Ryan (R-WI) explains how the President’s debt-laden reliance on Keynesian interventions in the economy have helped put the U.S. economy in its current state: "Investors and businesses make decisions on a forward-looking basis.  They know that today’s large debt levels are simply tomorrow’s tax hikes, interest rate increases, or inflation – and they act accordingly."  In other words, they don't act.  They don't hire.  If you add in the debt ceiling issue, the President's proposed tax hikes, Obamacare, and his constant barrage to businesses such as EPA over-regulation and the NLRB overreaching policies, it is not hard to figure out why the growth rate and job creation are failing under this Administration.

So what needs to happen to get America's economic house in order?  First, Congress needs to repeal Obamacare and it's employer mandates and tax increases.  Next, we need to get a handle on the EPA, stop ridiculous, unwarranted lawsuits, expand trade agreements and make them fair, let our oil companies produce oil, cut spending, and stop the incredibly high tax increases imposed both on the individual and to businesses.

Someone needs to tell Obama that is it way past time to stop referring to the failed economic policies of the past.  It is time to stop the flawed philosophy of relying on the government and let the private sector rise to the occasion as it always has.  It is time for Obama to stop being so concerned with the failed economic policies of the past and be more concerned about his own failed policies.

It is time for a new direction.  It is time to have hope for a change.