Sunday, September 11, 2011

Bansai economy?

Timothy Lee shows how Obama's economy has been the worst for growth. Excerpt:

The economy proceeded to grow 1.7% in the third quarter of 2009, and reached 3.8% in the fourth quarter before peaking at 3.9% in the first quarter of 2010. But then, a new decline began. Economic growth slowed to 3.8% in the second quarter of 2010, then declined to 2.5% for the third quarter, and then 2.3% for the final quarter. The first quarter of 2011 saw growth of just 0.4%, and the most recent quarter came in at just 1.0%.

In other words, economic growth, paltry as it was under Obama, reached its 3.9% peak over one year ago and then began a new decline. But Obama and his apologists ask us to believe that he deserves credit for the upswing that began before he entered the White House, yet the ensuing decline that continues to this day is somehow his predecessor’s fault?

Maybe Obama is trying to make the United States economy into a kind of bansai. A little snip here via regulation, a little snip there via NLRB bullying whenever part of the economy threatens to start growing. Liberals hate sprawling growth and love tight control. They are like the weird control freak mom who doesn't want her baby boy to grow up. The hard-working realists in this country deserve better.

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