Economic growth is slowing

While the United States economy started to grow after the recent recession, the trend in growth is slowing.

During the 80s and 90s the federal government spent at around the level of 19 percent of GNP. Now the federal government spends at the rate of 25 percent of the economy. Add in state and local governments, and we’re at 36 percent.

This is not trickle-down government, it’s suffocating government, where government threatens to overwhelm the private sector. As government intervenes in more areas of the economy, as Obama’s bureaucrats extend their span of control over the economy (think General Motors), we have a certain process taking place. Charles Koch in September in Wall Street Journal observed: “Put simply, cronyism is remaking American business to be more like government. It is taking our most productive sectors and making them some of our least.”

This didn’t start when Barack Obama assumed office. The process was already in place. But it has accelerated under the current president. Not by accident, but by design.

Most people worry about deficits and debt. But do you think President Obama is truly concerned about huge deficits year after year, with many more predicted? These huge deficits are not a bug in the program. They’re a feature. The point of the deficits is to create a crisis that makes it necessary to raise taxes. Government grows again.

Yes, President Obama inherited a tough economy when he took office nearly four years ago. But, according to the official record-keepers, the recession ended in the summer of 2009. Does it feel like the recession is over?

Do you remember “Recovery Summer?”

Here’s a news report: “Vice President Joe Biden today will kick off the Obama administration’s Recovery Summer, a six-week-long push designed to highlight the jobs accompanying a surge in stimulus-funded projects.”

What year was that? 2010. Does it seem like we’re in recovery?

Now David Axelrod denies that there was such a claim.

George Will accurately diagnosed the problem two years ago: “We can’t tolerate any more of the Obama cure.”


One thought on “Economic growth is slowing”

  1. I cannot blame Obama for the out of control Government Spending. Why ,,, I have watched as Our Kansas Government Elected Officials take an Increase in Tax Revenue and SPEND on programs previously cut!! They will increase the amount of taxes you pay so Kansas will qualify for different Federal Aid. It is getting to the point that one taxing group is feeding on the greed of the other taxing group while all the time our taxes go up along with the number of Government workers needed to administer these increased tax revenues.
    I cannot see any Government Agency Official ever say “Please cut the Budget of my Agency”,,,,,,,,can you?? How do we get our Elected Officials to Cut Spending? They continue to look for ways to Increase tax Revenue rather than Cut Spending. The Big Lie is “Fees are not taxes”. Fees are just a Flat Tax hurting young families and people on fixed income the most.
    How can we blame Obama for fiscal irresponsibility when in Kansas we cannot keep our own fiscal house in order?

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>