A unsafe black cloud is approaching our economy, which should make the presidential election in 2016 pre-presenter for republicans-depending on who nominates GOP this summer.
The US economy has released for creep in the last three months of 2015, barely growing by 0.7 percent, after the leisurely third quarter. Industrial activity is anemic. Retail sales were mediocre. The stock exchange is in nasal diving. And millions of Americans are afraid that we can face another recession.
Few Americans think that the unemployment rate is really 5 percent, because millions of Americans are forced to take part -time work, when they need full -time job. Many others completely gave up their workforce.
The median wages, corrected with inflation, only recently climbed where they were, when the great recession hit our economy when Obama took office.
The Rasmussen Reports survey in January said that 62 percent of Americans believe that our country is on the wrong track. And Gallup’s survey says that many Americans are less certain of the future of the economy.
The only person blamed for all this is Barack Obama, whose anti-visitational policy gave us over seven years of uneven, worse economy.
The Washington Post headline last week revealed that West Wing must also worry, fearing that the rapidly decreasing economy will kill the chances of democrats to stick to the White House in November. “Obama operates campaigns again, this time to economics,” he said.
“The United States of America now has the strongest, most durable economy in the world,” Obama insisted, blaming the Republicans for distributing the message of “fate and darkness” throughout the country.
“They oil fiction in the political season,” the president kept. “It is strange to watch people try to outdo, saying how bad things are,” he said last month at Detroit.
But the survey after ABC in Washington says that 46 percent of Americans do not approve of the way he coped with the economy. There is no hope for the so -called workers’ class.
Economist of the University of Yale, Ray C. Fair, who predicts the results of the presidential election with what, according to the position, is a “high degree of accuracy,” says his forecasting model shows that democrats lose “from a fairly large amount”.
Democrats on Capitol are afraid that they will be victims of Obama’s failed economy in autumn and lose their jobs. And it was obvious on Wednesday, when the chairwoman of the Fed, Janet Yellen, went to fight in front of the House financial services committee.
Yellen, who is under growing political pressure to delay all interest rate increases in the falling economy, received a message.
After selecting all the winds hitting the economy, she told the panel: “I think we want to be careful not to draw a premature conclusion about what awaits the US economy.”
There were many observers who thought that it was premature to raise interest rates last year in a brittle economy – and, if at all, it is still. Indeed, after the Americans have passed over the past seven years, it is arduous to see that the Fed’s action has helped a lot, if at all.
“It is terrible that the Fed is able to micro -economy to some economic state,” said Republican representative of Texas, a republican chairman of the committee.
Fiscal political tools, in order to re -conduct the economy, are located on the Capitol, where there were always – not in the fed or nowhere else.
Republican Pro-COB, pro-progress tax legislation sits in a committee and funds at home and the Senate Financial Committee, waiting for the president who will sign him.
Obama and the rest of the democratic gang fiercely oppose these regulations. Instead, they want to raise taxes to pay for more expenses for social well -being and more gifts. Higher taxes from investors would dehydrated the risk capital, kill the creation of jobs, reduce income and suppress economic expansion.
Every time the Congress reduces tax rates, it led to a stronger and more colorful economy, more jobs and more economic possibilities for a larger number of Americans.
Over the past 50 years, three presidents have talked about tax reductions that raised our economy to a higher level: John F. Kennedy, who conducted a campaign on reducing tax rates throughout the board in the 1960s; Ronald Reagan, who did the same in the 1980s and ended the recession of Jimmy Carter in just two years; and Bill Clinton, who signed a reduction in GOP capital tax in the second term with great results.
Everyone significantly increased economic growth and brought more tax income to the tax. JFK tax reductions, despite the Naysayers who said that the deficit would break out, led to the budget surplus in the delayed 1960s.
All presidential candidates propose tax incentives to develop the economy – from Donald Trump to the governor of Ohio John Kasich.
On the democratic side, the Hillary Clinton campaign consists in raising taxes and expenses on alphabet soup of federal programs on all special interests of its parties and increasing the minimum wage in fighting companies that will cause thousands of professional exemptions, in accordance with the Congress Budget Office.
And then there is an armed socialist Senator Bernie Sanders, who claims to hit a trillion dollars in higher income taxes for the economy, including the middle class.
Sanders says falsely that the affluent do not pay sincere participation. But in 2010, 10 percent achieved 45 percent of income, but 70.6 percent of taxes paid, in accordance with the impartial tax foundation.
