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A conservative news and views blog.

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Location: St. Louis, Missouri, United States

Friday, May 20, 2011

Shaved or Creosoted

Brian forwards this. It's a fundraising piece, but gives a nice rundown on Obama's economic failures:

[http://news.newsmax.com/images/30224/lavheader.jpg]

Dear Reader:
“Welcome to the Recovery!”
Remember when Obama’s Treasury Secretary Timothy Geithner trumpeted this
condescending blast to Americans in the New York Times last August?
I don’t know about you, but I found it simply infuriating.
Here’s what Geithner said:
The economic rescue package that President Obama put in place was essential to
turning the economy around…
Actions since the fall of 2007 of the Federal Reserve, the White House and
Congress helped save 8.5 million jobs and increased gross domestic product by
6.5 percent relative to what would have happened had we done nothing…
Government action delivered a powerful bang for the buck…
We have put the American economy on a firmer foundation for future growth….
We now know Geithner’s spin was only a stalking horse for Obama’s latest bid to
convince Americans recovery is just around the corner.
But the fact is, recovery in NOT just around the corner. America’s economy is in
deep, deep trouble.
Whistling past the grave yard, as wild government spending and liberal policies
dig the grave deeper by the day, is no economic plan.
It’s a recipe for economic disaster!
What’s more, the national media will never tell the truth about Obama’s failed
economic record.
In fact, they’re hell-bent determined to perpetuate Obama’s fairy tale of
economic recovery, a massive fraud of the highest order.
They want Americans to believe the economy is on the up-and-up, new “green” jobs
just around the corner, and the doubling of the price of gasoline only Big Oil’s
fault.
And the national media gladly echo Obama’s latest tale: full recovery will “take
us several years… we're moving in the right direction.” Stay the course.
But to stay the course would be national suicide. Here are the facts about
Obama’s record on the economy:

* At Obama’s Inauguration, the price at the pump for gas was $1.83. It has
more than DOUBLED since and now some say it could even TRIPLE to $5 or $6 a
gallon!

* The official U.S. unemployment rate has jumped back up to 9%. But this
pathetic number only puts a smiley face on the real misery. Unemployment spikes
to a whopping 15.9% when one counts Americans who’ve grown so discouraged
they’ve given up even looking for work or those who’ve settled for part-time
work (Bureau of Labor Statistics).

* According to Zillow, home prices have plummeted “at their fastest rate
since the Lehman collapse.” Now called “zombie homeowners” because they’re
financially walking dead, an all-time record “16.3 million families are
upside-down on their home loans.”

* A study by the New America Foundation finds “8.5 million people receiving
unemployment checks and over 40 million receiving food stamps. At the current
pace of job creation, the economy won't return to full employment until 2018.”

* Wal-Mart’s CEO says its customers are “running out of money” with purchases
“dropping off by the end of the month even more than last year"

* The Wall Street Journal says “the dollar today is lower than at any time
since major currencies began floating in 1973. It is 13% lower than it was 30
years ago and 28% below its 2002 recent peak.”

* Standard & Poor’s, the independent credit rating agency, downgraded the
outlook for the United States to negative from stable, saying within two years
there's at least a one-in-three chance it could lower its long-term rating.

The fact is, Obamanomics are a disaster – the meltdown after the earthquake.
That’s why it’s so important for you and the League of American Voters to tell
every American the truth about Obama’s failed record on the economy.
This is the inconvenient truth Obama’s so desperate to hide. And the League is
preparing to launch a national campaign effort to educate millions of Americans.
We believe every American deserves the honest truth about Obama’s REAL economic
record, and how his liberal policies are digging the grave deeper by the day.
The League’s national campaign will expose the lies and reveal the truth about:

* How Obamacare raises taxes by half a trillion dollars, while devastating
the highest quality healthcare the world has ever known.

* Why Obama’s failed stimulus plan was nothing but a political slush fund for
bloated public employee unions.

* How many jobs Obama’s stimulus really “saved or created.”

* How Obama’s fantasy of “green” jobs and hatred of “Big Oil” are really to
blame for $4 dollar gasoline.

* Why Obama’s dithering and refusal to FULLY extend the Bush tax cuts nearly
sent America into an economic depression.

America must learn the truth about the REAL Obama economic record. The national
media won’t tell them. So the League will.

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