Join Us in Defeating Obama Socialism by Winning in 2016!

John Stossel has the Best Take on How Obama is Killing the Economy

John Stossel has the Best Take on How Obama is Killing the Economy

I came across an article by John Stossel on Reason.com.  I have always liked most of what John Stossel advocates.  When he was at ABC, he was clearly a wonderful stand-up guy in a news organization that was very biased. At Fox, he is outstanding.  A great voice of reason.

Speaking of reason, he makes the ultimate point on Obama and the private sector. This came out before Obama’s window into his blindness to the private sector that was revealed Obama’s news conference where he declared the private sector to be doing just fine.

Here is that reason:

Stossel:  Obama should ask himself: “Would I start or expand a business without knowing what regulations or taxes government will impose next year?”

That is what Obama will NEVER get.  Companies right now are watching this election.  If they see Obama coming out on top, they are not going to take the risks. They have to budget for obscene taxes and an immediate risk of financial collapse in financial sectors of our economy.  If they see Romney coming out on top, they will begin to take some risks.  Likely, nobody will see the economy change strongly for the better until after the November election is history, and this only if Obama loses to a President Elect Romney.

More from Stossel in the article:

How will the problem be dealt with? Higher taxes? Massive inflation? Some combination? Where does that leave someone today who might, in a more stable policy environment, be eager to launch some big, long-term investment project?

In the dark, that’s where.

Economist John B. Taylor of the Hoover Institution summed it up aptly: “Unpredictable economic policy — massive fiscal ‘stimulus’ and ballooning debt, the Federal Reserve’s quantitative easing with multiyear near-zero interest rates, and regulatory uncertainty due to Obamacare and the Dodd-Frank financial reforms — is the main cause of persistent high unemployment and our feeble recovery.”

The full article by John Stossel is a must read.  Read it here:

http://reason.com/archives/2012/06/07/how-obama-creates-uncertainty-and-paraly

Comments are closed.

Get Alerts from Nobama.com by Email:

Your name is optional. Only enter a name if you choose to.

Select list(s):

O’Malley has No Problem with Donors to Clinton Slush Fund, Including Reporters Who Gave
If you scientifically question “global warming” you WILL LOSE YOUR FUNDING
Did Pakistan Really Know Bin Laden Was in that Big House? Likely, Yes
Pudgy Rep Alan Grayson Goes Hog (no relation) on When Asked About His Cayman Banking
While Blocking Christians, the State Department Invites Muslim Leaders to Visit America
It’s Islamaphobic to have a Catholic funeral procession

All Time Most Popular

The Fight Continues
Drudge Reports via Twitter Gloria Allred is About to try and October Surprise
Harry Reid Simply Cannot Explain Why They Did Not Raise Taxes When They Had Super Majority
Hateful Tweets from the Left
A Conservative Spring is Coming: My Take on the Polls at Less Than 90 Days Until the Election
Will Nakoula’s Blood be on Barack Obama if Nakoula is Murdered?
The Real Reasons James Holmes Killed 12 and Shot 72
Twitter Insult Gets UK Man Arrested – UK has NO REAL Freedom of Speech
As Bloomberg Loses His Nerve, the Rebellion He Encouraged is Now Out of Control and Attacking the NYPD
Disgraced Obama Surrogate Stephanie Cutter – TODAY – Calls Romney a Liar
Romney Gains 7 Points in Pennsylvania
Sheriff Joe Arpaio is an Idiot – And He Makes Us ALL Look Bad
John Stossel has the Best Take on How Obama is Killing the Economy
A MUST READ FROM GATEWAY PUNDIT: Crony Socialism: Obama Gives $737 Million to Solar Firm Linked to the Pelosi Clan
The Bogus President Produces Doctored & Bogus Jobs Numbers to Advance Election
Are You Really This Weak, Barack Obama? If You Are, Step Aside for Romney
Optimally, Obama will be Voted Out, but Here is Obama’s Biggest Gaffe Yet!
Scott Brown and His Five Year Old Constituent Endorsement
Pamela Geller is an America Hero of Free Speech
Nobama.com Told You to Look Out for Gloria Allred in Hit on Cain – On October 31st!
Let’s Review Herman Cain’s Published Nine-Nine-Nine Plan
Eric Holder wants us to pay for public defenders for illegal immigrants fighting to stay in U.S.
Chris Christie – You are so toast, Just like Hillary