Where is the US economy headed?

STOP Federal Spending and Support Real Economic Growth

Efforts to spark private-sector job creation through government ‘stimulus’ spending have been unsuccessful. Small businesses face an array of new challenges imposed on them by the federal government, including the threat of tax hikes and the newly-enacted health law, which will discourage hiring, increase the deficit and raise health care costs.

The jobs report released last month by the U.S. Department of Labor was a cause for alarm. Of the 431,000 new jobs in May, 95% were temporary government jobs created by the Census Bureau. Only 41,000 private-sector jobs were generated. In addition, 46% of those out of work have been jobless for six months or more.

Congress is Destroying the Job Market
Demand Washington to Stop “Stimulating” the Economy with our Tax Dollars
...

To support real economic growth and provide the spark needed to support creation of private-sector jobs, immediate action is needed to rein in federal spending, prevent job-killing tax hikes through the expiration of current tax rates, and reverse the harmful effects of the health care law on small businesses, the engine of job creation in our economy.

For the first time in modern history, the U.S. House of Representatives has failed to even pass a budget. Such a failure will mark a massive missed opportunity to help our economy grow and create private-sector jobs. Failing to restrict spending growth will further balloon the national debt and impede economic growth.

Action is needed now to begin to slow government spending and support the creation of new private-sector jobs. For the sake of millions of Americans who remain out of work – and future generations of Americans, who will carry the debt burden we are accumulating today - the leaders of both parties need to take action immediately to eliminate unnecessary federal spending, prevent tax hikes, stop regulatory threats to job creation and enact reforms to put our nation back on a true path to prosperity.

Congress is Destroying the Job Market
Demand Washington to Stop “Stimulating” the Economy with our Tax Dollars
...

Republican candidates across the state are advocating smart solutions to bring spending under control and provide meaningful tax relief to individuals and small businesses. Putting money back into the economy in the form of tax relief will do far more to spur job growth than another injection of government stimulus spending – spending that in the end will be financed by taxes paid by the middle class of American households.

All through out West Virginia, families are struggling to keep their heads above water. The only answers the Democrats seem to have for them are more spending and higher taxes. Republicans offer better solutions that will get our economy moving again and treat the taxpayers with the respect they deserve.

Sincerely,

Douglas McKinney, M.D.
Chairman
West Virginia Republican Party
...

Ah, those economic know-nothings! They're everywhere---even among the Nobel-Prize-winning economists.

We know for sure the same can't be said for our so-called president.

okie wrote:

We know for sure the same can't be said for our so-called president.

So okie is now saying that the election was a fraud?

I shall support only those candidates who advocate the impeachment of Barack Obama...

Walter Hinteler wrote:

okie wrote:

We know for sure the same can't be said for our so-called president.

So okie is now saying that the election was a fraud?

No, I was not saying that. I was simply using a common expression that is used often in regard to somebody being something, such as John Doe is the manager so-called, or John Doe is the so-called financial advisor, or as I've already expressed, Obama is the so-called president. He has been elected and does occupy that office, but I have very grave doubts as do tens of millions of other Americans that he is actually doing the job of president in a credible manner, and perhaps half the stuff he does is told him by people like Rahm "dead fish" Emmanuel?

And we still have people bringing up evidence that the guy was not even qualified to run for president, as a citizen for example. I am sure some of that is bogus, but I am not one to conclude that there is nothing at all to all of the smoke around this issue, I wonder if there could still be some fire connected to a part of the smoke. I am going to continue to monitor the information that comes forth with time. As screwed up as Obama's childhood and growing up years were, and considering the amount of money he has spent on lawyers to hide his past, I am not at all convinced that all is hunky dory with it. George Soros was convinced everything was fine, and thats all that mattered to the radical Democratic Party to get Obama elected, but there may still be more to learn.

The summer recovery touted by Obama is a joke, unfortunately a cruel joke played upon the country by Obama and his policies. Here is the pertinent statement from the following article.
"The unemployment rate fell as 652,000 people out of work gave up on their job searches and left the labor force. People who are no longer looking for work aren't counted as unemployed."

Robert J. McCartney
Assistant Managing Editor, Continuous News Desk
Washington Post

One field where we've definitely lost ground is the global economy. That's partly because the rest of the world, especially in Asia, is catching up.

Shortly after World War II, the United States accounted for nearly half of total world output. For several decades now, our share has been about a fifth.

In 1950, China made up less than 5 percent of the world economy. Now its share is more than 10 percent and rising.

That's not necessarily bad. China's growth has exploded because it adopted free-market policies that we've been recommending for decades.

America's problem is that the global economy is seriously unbalanced, and we're on the red ink side of the ledger. Globalization, which we championed, led to the export of millions of good-paying U.S. manufacturing jobs. That means we're now running large trade deficits. In our foreign accounts, as in the gaping shortfall in the federal budget, we are living beyond our means.

This can't continue indefinitely, and the fix is eventually going to hurt our standard of living somehow.

Right now, America is sharply divided over painful choices. Should we spend more to fight joblessness? Or should we move now to contain the government deficit?

That uncertainty points to the other half of the broader question: Are we in decline in some absolute way? In particular, is our political culture so gridlocked that we're unable to address long-standing problems that we know need solving?

I'm sad to say the evidence right now suggests that the answer is yes.

I shall support only those candidates who advocate the impeachment of Barack Obama, because Barack Obama is a lying, thieving gangster, who is stealing our property, stealing our liberty under the law, stealing our Constitutional government, and stealing our capitalist economy.

that the key to a woman president is to find a woman that can have the role as Commander In Chief and it would be believable