WASHINGTON, Feburary 18, 2014 — Five years ago, America woke up to an impending disaster.
Barack Obama signed the stimulus bill.
America was already mired in a recession. Gone were the good times of just five years earlier when America was rocketing towards full employment and things were bright and the future hopeful.
Now, five years on, there are lessons we need to learn from one of the greatest disasters ever to befall America.
First America should have learned that the liberal policies championed by the Party of Treason don’t work.
Five years into the stimulus, America remains mired in the Great Obama Depression. Does anyone remember Obama’s promises about the stimulus? They turned out to be as untruthful as his promises about Obamacare.
We have two case studies about depressions that happen when we have leftist administrations, and two case studies about how you end a recession quickly with free market principles.
Franklin Roosevelt tried the same thing that Barack Obama has tried. He tried to increase taxes and increase spending to a massive amount. His Great Depression lasted eight years and only World War II got us out of it. Even then, Roosevelt had a field day with socialist central planning of the war. Everything during World War II was rationed. One can only imagine how bad the post war years would have been if Roosevelt had not died in office.
Barack Obama did the same thing. We have seen massive increases in government spending. He has raised taxes, though not nearly to the degree he wanted. Have we seen an economic recovery?
The mainstream media, or as some call it, Obama’s Praetorian Guard, loves to claim the recession ended in 2009. Of course, their credibility is right there with the supermarket tabloids that claim that Elvis is still alive and space aliens visit the Pope.
Five years into the Great Obama Depression, there is no end in sight. If the unemployment numbers were not cooked by the Obama Regime, unemployment would be well into double digit figures.
Contrast that with what Ronald Reagan and George W. Bush faced.
President Reagan faced the legacy of Jimmy Carter. He immediately pushed for dramatic tax cuts. By 1983, the economy had turned around. In fact, by 1984, the economy was doing so well that the American people swept him back into office with a massive landslide.
In 2001, George W. Bush took office with the economy going into a nosedive. He immediately pushed not one but two rounds of tax cuts. The economy, despite the economic damage caused by 9/11, roared back to life. By 2004, America was at full employment.
This is the truth the left does not want America to learn. Conservative solutions work. Liberals have to lie about what they want because their solutions don’t work.
It is no accident that the great recession began in 2007 after the Republicans managed to screw up politically and let the Democrats take control of both the House and the Senate.
If America ever wants to get out of the Great Obama Depression, there is one simple formula. We must cut government spending and cut taxes.
Do that and the economy will take off and we will go into a recovery. But as long as the Democrats pursue the politics of socialism and the Republicans are too gutless to fight, America will remain as a nation in decline.