Monday, August 1, 2016

Hillary Clinton Wants To Embrace Obamanomics: The Recovery Myth

If Hillary becomes president, the Oval Office can again display the sign: "The Buck Stops Here---before it's deposited." WH Press Secretary Tweet (parody)

Two years ago, John Crudele of The NY Post  wrote: "The U.S. economy is a lot weaker than Washington has been pretending it is."  Not much has changed since he made that claim. The GDP numbers were released last week for the second quarter. The economy grew by a dismal 1.2%. Just as disturbing, the Obama administration might be the first administration never to have a GDP reach a growth rate of 3%---considered a relatively healthy economy.  To place this pathetic growth rate in perspective,  Ronald Reagan brought forth an annual growth rate of 3.5%.

And now Hillary Clinton wants to embrace this failed economy strategy.  Her plan? --
  • To raise taxes on individual companies, stock trading, capital gains and companies that move their business overseas.
  • She also plans on adding more payroll taxes as well as a tax on guns of at least 25%.
As she plans on doing that---she intends to INCREASE government spending (that's in the DNA of most democrats so it's no surprise).  As Lawrence Kudlow at Real Clear Politics noted: "Hillary is a combination of Barack Obama 3.0 and Bernie Sanders 2.0. This is not change." I might add if only Obama could reach a GDP growth rate of 2%.

Obamanomics has always been a threat to the growth of our economy.  The last 8 years of evidence of that. But what is utterly nefarious is the proclamation that emanates from inside the beltway that everything is fine when most Americas know that is not the case.

Hillary Clinton's first impulse is not only to reach for a lie (as she did again on Fox News Sunday when confronted by host Chris Wallace about the FBI findings---that she was "careless" and "reckless," she actually said: "That's not what I heard Director Comey say."), she actually manages to lie about lying.

Trump's certainly made some disturbing and stupid statements. Hillary, on the other hand, can't open her mouth without uttering bold-faced lies.