Saturday, November 7, 2009

Unemployment Rate: 10.2% Highest in 26 Years

"Stimulus Package" and Deficit Spending Continue To Harm Economy

You may recall that when the "stimulus package" was proposed in April of this year, the Obama Administration said it was "designed to stop unemployment from going over 8%."  Clearly the White House's strategy of continued bailouts, printing money, and 'targeting' so called 'investment' at so called "shovel ready" projects is not working and its far past time to change course. 

As the unemployment rate jumped four tenths of one percent to 10.2% this morning, the warning signs that the Obama Administration continues to take this country in the wrong direction are abundant.

Whatever one may think of Tuesday's elections, one message was resoundingly clear: It's The Economy, Stupid!

Obama may remain "personally popular" in the polls however voters actions in New Jersey and Virginia speak volumes towards their concerns over the economy first and foremost.

One thing that's gone literally completely unreported in the lamestream media is the fact that Pennsylvania also 'turned red' on Tuesday.  Conservatives won 6 of 7 statewide seats in Pennsylvania, derailing decades of liberal rule.  Again, it was the economy, and the Bureau of Labor Statistics, US Department of Labor doesn't lie about the impact of Obamanomics on our economy.

As we all know, there is one tried and true formula to restore this nations economy: broad based tax cuts to businesses to spur investment and job growth, broad based tax cuts to all taxpayers to spur spending which will drive growth, and fiscal restraint in cutting Government spending and a strong dollar policy which will stop the impending hyper-inflationary growth in commodities such as food, gasoline/oil and gold.  It was this precise mix of tax cuts and policies that grew the economy under President John F. Kennedy (D.)  in the early 1960's, President Ronald Reagan (R) in the early 80's, and President George W. Bush (R) post 9-11-01 terrorist attacks. 

As it stands right now, the parallels in policy between the Obama and failed Carter Administration of the mid to late 70's is unmistakeable.  Like Carter, Obama is keeping the money presses going driving a loose money policy that will drive hyper-inflation and "stag flation" much like 1977 - 1981.  Anyone alive during those times remembers double-digit unemployment, double-digit inflation, and double-digit inflation rates. 

Obama can continue to ignore the proven lessons of this country's economic history and go down as a worse President than Jimmy Carter, or he can  reverse course now and begin restoring our economy via tax cuts and fiscal restraint at the Federal level.

Given the Democrats are getting ready to add yet another $1.25 TRILLION dollars to our national debt via so-called "health care reform" it appears the Democrats are insistent on repeating the failed policies of the 1970's.

The Heroine Of Fort Hood

Meet Officer Kimberley Hunley, the police officer that put four bullets in islamic terrorist Maj. Nidal Malik Hasan and stopped him in his tracks from killing any more of our unarmed soldiers at Fort Hood, Texas.

Hunley's act of herism was credited by Lt. Gen. Robert Cone, Fort Hood's Commanding General as  a "really a pretty amazing and aggressive performance by this police officer," Cone said.

Hunley herself was shot in the exchange of gunfire.

Cone was asked if Munley's shots brought down the assailant and stopped him from shooting.
"That's correct," Cone said. "The critical factor here was her quick response to the situation."

Our sincere appreciate goes out to Officer Kimberly Hunley for her selfless act of heroism, and godspeed for her speedy and full recovery from her injuries suffered in the line of fire.  She is one of America's best.

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