By Tom Quiner

Here’s what the president says:

“Yes, foreign policy matters. Social issues matter. But more than anything else, this election presents a choice between two fundamentally different visions of how to create strong, sustained growth.”

So, is the economy the biggest issue of this campaign? It’s not to me.

Life issues, free speech issues, religious liberty issues, are all bigger to me and millions of other voters.

We’d rather be poor and free than rich and in chains.

I admit that the majority of voters do not agree with me. For them the economy is the issue.

Fair enough. It IS a huge issue. So how is the president doing?

By any measure, the economy stinks. Mr. Obama doesn’t know what to do. His premise seems to be that we need to tax producers more to increase the number of government employees, from firemen to teachers, all of whom, of course, are unionized.

Even more, he has taken billions of dollars from you and me to create “green energy jobs.” And we just didn’t have enough money for him to pay for these jobs, so he had to borrow the rest from China.

For example, he took $9 Billion of the economic stimulus funds from 2009 to 2011 and poured it into solar and wind projects. Guess how many direct jobs that created? Try 910 jobs.

wow (please note cynicism here).

That cost us $9.8 million per job. Impressed?

In fairness, supporters of this initiative are quick to remind us that these funds created another 4,600 indirect jobs.

So when you add the 910 direct jobs together with the 4,600 indirect jobs, we end up with 5,510 new jobs created at a “modest” cost of $1.63 million per job.

This is the essence of Obamanomics: big government that revels in its inefficiency.

As Quiner’s Diner has pointed out in previous posts, Ronald Reagan inherited a worse economy when he became president than Barack Obama did. Mr. Reagan had the economy humming along by his third year with GDP growth that ranged from 5 to 8% per quarter! Mr. Obama is lucky if GDP hits 2%.

And, of course, with Obama, everything is STILL George W. Bush’s fault.

So if the economy is THE issue of the campaign, you and I know what we’re going to get from Barack Obama and his party: more stagnation; more decline; more excuses.

Big government doesn’t work, or have I missed something these past three years?

 

No Comments

  1. juwannadoright on June 21, 2012 at 11:39 pm

    Tom,

    I don’t know if you caught a recent post “Your Comments Are Important”. One of the people who commented is someone I know personally, We had an extensive “commentary dialogue”.

    I asked her one simple question. “What has President Obama done that has made things better for America or the average person?”

    I have asked that question of twenty people whom I know who support President Obama’s re-election. The answers I get are consistent.

    “It’s all Bush’s fault.”

    Let’s accept that statement as fact for purposes of conversation.

    The Obama campaign of 2008 had a mantra – “CHANGE”. To change something you have first to identify what it is that you don’t like and hopefully you have a plan to get us to a better place. The problems which President Obama inherited couldn’t have suddenly dawned on him on Inauguration Day. He recognized them as a campaigner.

    Honestly, I don’t see that creative and problem-solving genius either in President Obama’s previous record nor do I see it in his future. My view, and it is personal of course, is that we have elected a mediocre person to do the biggest job in the world.

    The results of that election speak for themselves – on many fronts.

    .

    • quinersdiner on June 22, 2012 at 6:10 am

      Great insights. I wish you could have joined Karen and I last night over a glass of wine we had with some good conservative Catholic friends. We were discussing the current and former president. If the former had done some of the things the current occupant is doing, well, you know what would have happened. They would have called for Bush’s impeachment for being an imperial president. I think Bush was so reviled by the Left because he acknowledged that he answered to a Higher Authority. What griped them is that they knew he meant it. Quite a lively evening. As always, great to hear from you.

  2. Bob on June 22, 2012 at 2:01 am

    Big government doesn’t work? Depends on who you are. For the folks at the top (Øbama and his cronies) it’s working just fine.

  3. THE HORTON JOURNAL A POLITICAL PERSPECTIVE on June 22, 2012 at 10:28 am

    We were going down the slipery slope of Economic decline before Obama became President. He inherited a huge problem. The worse resession since the 1930’s. The other point that he has made is that because of the severity of this resession it will take more than four years to clean up this mess. Finally, allow me to point out that Europe is in serious economic decline and regardless of what we all think President Obama can not control that. However, it has a serious impact on our future economy because we depend so much, if not too much on foreign trade.

    Part of the problem is the lowering of wages for those who have returned to work, and the demand for pay cuts and benifit cuts across the board. As a result many of those returning to the work force are still in serious financial trouble, and debts continue to pile up. Meanwhile the cost of living continues to climb and that does not match up to household income. So, many families can not partisipate in a recovery because they do not have the financial resources to buy big ticket items such as TV’s, washing machines, and cars. which would help in jump starting the American economy.

    While I won’t blame this President for the total lack of recovery I concur that there is a lot he could have done to improve the situation. I also concur with the perception that Harry Truman held to “The Buck Stops Here”! He is the President, he said he would resolve the economic crisis, and it seems the American People are about to hold him to it and hold him responsible for it.

    In my opinion it is a real posibility that Mr. Obama might be looking for a change of address come Novemeber.

    Great article………I enjoy your posts.

    • quinersdiner on June 22, 2012 at 10:37 am

      Thanks for your take on the subject. Stop into the “Diner” again soon, and be sure to leave your comments.

Leave a Comment