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Health & Fitness

Obama's "Chronic Fatigue Economy"

Obama's "Chronic Fatigue Economy" "We borrowed $5 trillion and all we got was this lousy 1.7% growth"

“We borrowed $5 trillion and all we got was this lousy 1.7% growth” 

http://online.wsj.com/article/SB10001424052970203922804578080951638784688.html?mod=djemEditorialPage_h 

“So this is the dreary tale of Obamanomics: Keep borrowing more than $1 trillion a year and keep the Fed printing money at historic levels, in return for mediocre growth and stagnant incomes. The alternative is to stop punishing the employers, investors and workers who are the real source of growth. The Romney plan to cut tax rates, reform the tax code, restrain spending and repeal ObamaCare would be a good start.” 

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 “Mr. Obama will spend the next 10 days trying to persuade voters that 1.7% growth is the best we can do. If he's re-elected, he's probably right.” 

Actually real incomes have declined under the Obama and even under the Obama “recovery.” 

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“Even if you start from when the recession ended in June, 2009, the decline since then has been greater than it was during the recession.  Three years into the Obama recovery, median family income had declined nearly 5% by June, 2012 as compared to June, 2009.  That is nearly twice the decline of 2.6% that occurred during the recession from December, 2007 until June, 2009.”

http://www.forbes.com/sites/peterferrara/2012/09/02/obamas-accelerating-downward-spiral-for-america/ 

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