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Letter: Shall we continue on a path toward socialistic government?
6/26/2012 1:07:00 PM
President Obama enjoys being compared to Franklin Roosevelt by his followers. I agree that there are certainly comparisons to be made.
Taking office at the beginning of an economic disaster, FDR also believed that government could supplant the natural order of supply and demand. He ran roughshod over the U.S. Constitution as plan after plan, not only failed, but made the economy worse.
When the Supreme Court ruled against his policies, he even attempted to increase their number so he could stack it with his own toadies. His own cabinet member complained late in his second term that they had spent and spent but without success. Like Mr. Obama, at the end of his first term unemployment was higher than when he took office and the economy was far from healthy.
June 20, the Fed “slashed its estimates for U.S. economic growth.” The bottom fell out. The four-week unemployment figure rose to its highest level in 9 months. Then came reports of further slowdown of manufacturing in China, a major importer of world goods that has helped drive global economies. This was followed by reports of sharp contraction of manufacturing in the Northeast and a drop in the sale of previously owned homes. A contraction in manufacturing in the Euro Zone countries completed the dismal news as investors sewed their wallets shut.
Nothing this president has done has put our economy on the road to recovery. Just the opposite. His opinion that the problem with the economy is that government jobs have been trimmed by struggling municipal governments is indicative of his deeply rooted mistrust of capitalism. His stimulus efforts have been mainly directed at his constituency (usually large unions, “green” job employers with direct connections to the Whitehouse). In addition, he has signed into law “Obamacare,” a massive new cost to employers, piled thousands upon thousands of new regulations on those employers, and created such uncertainty among them as to future expenses that they cannot risk expanding.
Europe is sinking into recession again. Being closely tied to global economics, we will follow – and even a “President Romney” will not be able to prevent that. But President Obama is so ideologically rigid that his only response is “more of the same” – increased spending and ruinous debt. If we are to survive the coming recession in the best shape possible, we must release our enormous economic engine – the private sector – from the chains with which this administration has shackled them.
Rogue regulatory agencies, such as the EPA and Labor Department, must be reined in and tax reform, which will create certainty and jobs, is a must. Entitlement reform must also be accomplished to check the slide toward disastrous debt. At the same time, we must allow the exploitation of our vast energy resources to the point that we will become an exporter of energy rivaling the Mideast. None of this will happen under another Obama term, nor will it happen if Harry Reid and the Democrats retain power in the Senate.
The coming national elections are considered to be among the most important this country has ever faced. They will determine whether we continue on a path toward socialistic government – which has been so ruinous to Europe – or whether we return to being the great economic power that led the world throughout the last century.
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