As I See It
Thursday, September 23, 2010

Obama’s Grand Plan: recession to welfare state

Congratulations to Mr. Obama.  Mission accomplished.  According to him on Monday, the recession is over.

The private-sector jobless recovery drives the stock market upward due to record-high corporate mergers that displace more workers but increase the dividends for stockholders.

America’s gross domestic product has recovered 2.9 percent of the 4.1 percent the GDP lost at the start of this last recession.  And household net worth has regained 4 percent of the 21 percent it lost in 2007.

So why do President Barack Obama and the Democrats in Congress tout these dismal statistics as victory over poverty?  There are 6 million Americans who have been unemployed for more than two years.  The real national unemployment rate is near 17 percent and big corporations continue to merge and outsource their jobs to Second and Third World countries to make bigger profits.

The answer is simple: November elections are six weeks from now and President Obama and the Democrats in Congress don't want the Republicans gaining control of Congress.  The GOP would wisely thwart Obama’s ridiculous push for nationalized health care, green jobs, cap-and-trade and stimulus projects that stimulate only recovery act signs.

After reviewing the above, it is a plausible theory that President Obama’s idea of recovery from our Great Recession will arise from his policies to raise taxes on American corporations, enforce a value-added tax on everyone, and use these taxes to put the jobless on the government payroll.

Mission accomplished.  The recession is over because President Obama has turned our nation into nothing more than a welfare state.

Guy Caron can be reached via e-mail at:

Past Columns by Guy Caron  >>>


DISCLAIMER:  The opinions expressed by Mr. Caron are not necessarily those of the Goffstown Residents Association or its members.

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