Obama’s big government economic solution has failed.
September 3rd, 2010, Fairfax, VA—Americans for Limited Government President Bill Wilson today issued the following status on the worsening unemployment situation in the U.S., with the rate rising to 9.6 percent and underemployment rising to 16.7 percent:
“When the $862 billion ‘stimulus’ passed,
Barack Obama falsely promised that unemployment would not rise above 8
percent. It’s been 20 months since Obama took office, and
unfortunately, it’s been 16 straight months where unemployment has been at or above 9.4 percent. All of this is evidence that Obama’s big government economic solution has failed.
“After over $2 trillion in fiscal and
monetary ‘stimulus’ the economy is stuck in a web. Unemployment is once
again rising, growth is anemic at only 1.6 percent, and after three
years housing still cannot find its bottom thanks to government
propping up the market.
“The American people don’t want excuses,
they want jobs. Now they want nothing more than government to get out
of the way of the private sector. All the White House has to offer,
with the statement of outgoing economic advisor Christina Romer,
is ‘more spending’. More debt is not the answer. Expansive government
is not producing more jobs, it is misallocating resources away from the
private sector, and into government debt.
“Now is the time for enduring tax relief,
including reducing the corporate tax rate, now the second highest in
the world, and making the Bush tax cuts permanent. Now is the time to
begin to reduce and retire the debt, bring an end to the useless paper
trade that is costing Americans their livelihood, and get the
government out of the housing, health care, and financial sectors of
the economy. Government has had its chance. Now it’s time to let the
people have theirs.”
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