The White House kicked off a "recovery summer" public relations blitz yesterday to promote the alleged benefits of stimulus spending...The job losses for this recession have been far deeper in percentage terms than in any of the 11 recessions since the Second World War. Underemployment, home foreclosures, bankruptcy filings and the number of Americans on food stamps have all increased since the stimulus act was passed. If this is "absolute success" we would hate to see what the vice president would call failure.EDITORIAL: Obama's endless summer of spending: Make-work jobs program has failed
U.S. Chamber of Commerce President Tom Donohue warned the U.S. faces a double-dip recession because of the taxes and regulations under consideration by the Democratic Congress and President Barack Obama.Read more
“Congress, the administration and states must recognize that our weak economy simply could not sustain all the new taxes, regulations and mandates now under consideration. It’s a sure-fire recipe for a double-dip recession, or worse,” Donohue said in a speech providing the Chamber's outlook for 2010.
Donohue said the lawmakers should not let former President George W. Bush's tax cuts expire at the end of year and lambasted Democratic efforts on healthcare and financial regulatory reform as well as climate change.
If the tax cuts are allowed to expire, “we will likely end up with even bigger deficits and greater economic misery,” Donohue said...
Alias Barack Obama: a lie is born: The greatest identity fraud in history Paperback – July 10, 2012
