Today, economic issues dominate the scene in America. We have record-breaking, unsustainable deficits and face credit downgrades and a looming debt crisis. We are supposedly in the middle of economic recovery, but no one can really feel it. Unemployment is stubbornly high and shows no signs of coming down any time soon. Inflation is now running over 3%, which is relatively low, but since savings accounts pay essentially nothing, the wealth of Americans is being eroded. Europe and, yes, even China have economic challenges. Decisions about issues as diverse as national defense, the environment and immigration are all now impacted by the economic prospects and our current fiscal situation.
President Obama has been the major contributor to these problems. He has massively grown spending, deficits and debt in a misguided and failed Keynesian attempt to fix the economy. His strong and very liberal ideology continues to churn out job-killing policies in the areas of health care, energy, finance and manufacturing. He claims to love the jobs created by these industries, but his administration does whatever it can to restrict the products that these industries make and to punish… Read More