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(Freedom.news) It’s official: “Crooked” Hillary Clinton has officially become the Democratic Party’s presidential nominee, meaning if she beats GOP nominee and billionaire businessman Donald J. Trump in November, the country will experience another four years of Obama’s economic policies.
And quite frankly, we can’t afford it.
In case no one noticed – and the lapdog sycophantic left-wing media continues to yawn over it because Barack Obama is still president – our economy is barely functioning. And what’s more, it’s been moribund for years.
As reported by Bloomberg News:
The U.S. economy expanded less than forecast in the second quarter after a weaker start to the year than previously estimated as companies slimmed down inventories and remained wary of investing amid shaky global demand.
Gross domestic product rose at a 1.2 percent annualized rate after a 0.8 percent advance the prior quarter, Commerce Department figures showed Friday in Washington. The median forecast of economists surveyed by Bloomberg called for a 2.5 percent second-quarter increase.
It should make you wonder who Bloomberg and the other liberal financial media outlets are talking to because Obama’s economy – and it is his – has been underperforming for years. This president is the first in our history to never have an economy that grew at least 3 percent in a year.
What’s worse, according to an estimate by the Congressional Budget Office, thanks to decades of over-regulation that now costs our economy trillions of dollars a year, we likely will never see 3 percent-per-year growth again. Ever.
RealClearMarkets notes this alone “should be the defining issue of the 2016 elections”:
From 1790 to 2000, U.S. RGDP growth averaged 3.79%. America needs at least 3.0% economic growth-the nation cannot defend itself and pay its bills without it. However, America’s elites have largely given up on growth, and are now distracting themselves with academic musings about “secular stagnation.”
But the real kicker is this:
Hillary Clinton is trying to position herself as the logical heir to President Obama’s “legacy.” Hillary is asking the voters to give her the job of protecting and continue Obama’s “achievements.”
Now ask yourself, especially if you have children: Is this the “legacy” you want to leave your kids? Your grandkids? Perpetual economic malaise, which will not only end in economic collapse but will usher in a generation or more of abject poverty and misery?
Because that isn’t the country our grandmothers and grandfathers left for us.
Doubling down on this kind of economic stupidity and mismanagement is the textbook definition of insanity. Were this country to elect Clinton in the fall, there are some who have already said we’d never recover from another four-to-eight years of Venezuela-style overregulation and socialism.
The alternative to Clinton may not be the most likeable guy, the most polite or the most qualified – but he certainly isn’t promising us more of the same economic underperformance. Donald Trump has said he wants to cut the regulations that are strangling growth, along with other massive laws that choke businesses and stifle competition (think Obamacare). He wants to get the nation working again. Making America “great” is nothing more complicated that turning the American people loose to create and innovate, to build and expand.
You’ve read what the CBO says – that under current conditions, we’ll never grow our economy enough to pay our bills if we keep going down the same road. Why do that? Why commit national suicide?
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