May 16, 2011

The Article Liberals Are Too Stupid to Write (and Republicans too reluctant to read)

By Randall Hoven
Why, after all this, does President Obama enjoy an approval rating near 50%?  How can people even think of voting for him over the Republican nominee in 2012?  Well wonder no more.The economy.The Great Recession, which began in 2007, ended in June 2009, just five months after Obama was sworn into office.Since June 2009, real Gross Domestic Product has grown in every quarter, at an average annual rate of 2.8%. In the preceding eight years, from 2000 to 2008 (4th quarter to 4th quarter), average growth was only 1.7% per year. Real GDP is now at an all-time high.Over the last 14 months, over two million private sector jobs were added to the economy. Over that same period, over 300,000 government jobs were cut.The stock market is up over 60% since Obama was inaugurated. It is now at levels not seen since June 2008, or before Bush bailed out Fannie and Freddie and gave us TARP.Taxes.There has been no tax increase since Obama entered office. In fact, he cut taxes.The tax rates...(Read Full Article)