Tuesday, July 12, 2011
Democrat voters, how is Obama encouraging economic growth?
He has saved many jobs at GM and Chrysler. Instead of millions of additional jobless, these employees are spending money, and consumer spending is 70% of our economy. keeping people employed encourages economic growth. Giving money to the rich does not, since they won't spend it, but instead will use the money to speculate in gold, silver, oil and even corn prices, driving up the inflation rate. Yet Republicans want to hand even more money to the rich. That is stupid. He is resisting the Republican's call for deep government spending cuts, which will result in layoffs of public employees, and which will result in less consumer spending and less economic growth. In sum, the more he resists the Republican's push for the failed Bush policies, the more he encourages economic growth.
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