Listening to obAMATEUR, his fellow looters, the moochers and the mindless drones, you would think that the Stimulus and the rest of the over $5 TRILLION in spending by our so-called “leader” would have had a huge effect on the economy. They would be touting this into the next term.
Sadly, for the looters, this is not the case. Private spending is needed for the economy to produce the fruit we have seen from successful administrations like Reagan’s.
We have a study now published in the National Journal of Economic Research from University of California at San Diego economist Valerie Ramey. Ramey puts the proggies lies about the success of their spending schemes to rest.
According to Ramey: “An increase in government spending never leads to a significant rise in private spending. In fact, in most cases it leads to a significant fall.”
“A significant fall”…… say it again….. “A significant fall……” One true measure of the proggy belief have been the headlines concerning the economy and job growth – “an UNEXPECTED FALL in economic grown” or “an UNEXPECTED RISE in unemployment claims”, etc etc.
We already know that obAMATEUR believes that the United States is great and successful because of “government investment” code for “spending”. Ramey also finds that government spending increases government employment .. but not private employment.
That’s it liberals keep charging on your “Bank of China” credit card and kick the can down the road to our children and grand-children. ObAMATEUR used those words as senator when criticizing President Bush. But those words are no longer part of his rhetoric (or any other proggy’s for that matter) while he is the one in charge. Come November, those words will make another appearance when the proggies no longer control the White House.
The budget proposed by the obAMATEUR 2012 will result in a DEFICIT of $26 trillion dollars by 2022. If you were to spend $1,000 per minute, it would take you about 49,000 YEARS to spend $26 trillion dollars. The obAMATEUR will do it in ONLY 10 years! What an accomplishment! – any you proggy drones whine I cannot compliment your pResident.
That’s the debt your children and grandchildren are going to have to pay. Here is another compliment – He sure spends other people’s money very rapidly.
We can’t afford another four years of this bozo and his fellow looters. BTW, I am sure this budget will be UNANIMOUSLY defeated like his others. But he will blame only the non-proggies and his loyal drones will regurgitate the dumbed down talking point.