July 6, 2010

The economy is only getting worse. A year and a half of Obama and here is what we have.

“The economy is still in the gravitational pull of the Great Recession… All the booster rockets for getting us beyond it are failing” (July 4th). Hmm, you don’t say!

Starting to feel like 1932:

• Average time to find a job hit a record of 35.2 weeks
• Budget deficit is now above 10% of GSP
• Home sales are down
• Retail sales are down
• 9.2 million are collecting unemployment

What leads to recovery?

• Innovation
• Lower Taxes
• Smaller Government
• Cut Federal Spending

The secret is Progressives. They don’t have brains or ingenuity.

• 1920: Cut spending. Cut taxes (roaring 20’s)
• 1946: Cut spending. Cut taxes (depression over)
• 1980: Cut taxes (only half of the solution)
• 2001: Cut taxes (only half of the solution)
• You have to do both: cut spending and cut taxes.

Advice:

1. EVERYONE makes errors and mistakes
2. Everyone CAN change
3. Forgive, but DON’T forget