WTH? This was nuts.
Many Americans believe that Barack Obama is purposely trying to destroy the American economy with his job-killing big government policies. That may not be the case. Maybe he’s not that sinister. Maybe he’s just a complete leftist ideologue and true believer in a utopian socialist fantasy.
Today Obama warned the American people about “job-killing tax cuts.”
The community organizer might not be evil. He might be an idiot.
Video from FOX Nation:
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Here’s the transcript via The White House:
So my general view is that if the American people looked at this, they’d say, boy, some of these decisions are tough, but they don’t require us to gut Medicare or Social Security. They don’t require us to stop helping young people go to college. They don’t require us to stop helping families who’ve got a disabled child. They don’t require us to violate our obligations to our veterans. And they don’t require “job-killing tax cuts.” [sic] They require us to make some modest adjustments to get our house in order, and we should do it now.
For the record: There is an abundance of evidence that significant tax rate reduction always increases real GDP.
Maybe that helps explain the current 9.2% unemployment rate?