Good Grief… Obama: Weakness in Our Economy Due to Cuts in Spending
He really does hate this country.
President Barack Obama said today that the private sector is doing fine but that the economy is suffering because of cuts in state and local government.
Conclusion: We need to spend more.
CNS News reported:
“The private sector is doing fine,” Obama said at a press conference on Friday. “Where we’re seeing weaknesses in our economy, have to do with state and local government — oftentimes, cuts initiated by governors or mayors who are not getting the kind of help that they have in the past from the federal government and who don’t have the same kind of flexibility as the federal government in dealing with fewer revenues coming in.”
State and local leaders were not the only ones to blame for a bad economy, as the president also blamed Republicans in Congress.
“If Republicans want to be helpful, if they really want to move forward, and put people back to work, what they should be thinking about is, ‘How do we help state and local governments and how do we help the construction industry?’” Obama said. “Because the recipes that they’re promoting are basically the kinds of policies that would add weakness to the economy, would result in further layoffs, would not provide relief in the housing market, and would result – I think most economists would estimate – in lower growth.”
The national deficit this year will again top $1 trillion thanks to Barack H. Obama.