China’s Economy Grows 10.7% while the US borrows another $1.9 Trillion

Obama and the Democrats continue to plunder the American people to pay their special interest off. Just like King Louis the XVI and Marie Antoinette the anointed one and his court ignore reality and live the high life of parties and travel while the peasants lose millions of jobs.

China reported a staggering 10.7% growth for the 4th quarter of 2009. China is a lender nation. China has a government surplus. America lost 448,000 jobs the last four weeks and 5.9 million are on extended unemployment benefits. Since the Democrats and their Keynesian economic policies were instituted in 2007 the unemployment claims have gone from about 250,000 to a peak of 676,000. The unemployment rate has gone from 4.6% to 10.0%. And this doesn’t take into account the illegal immigrants who moved back to their native lands leaving foreclosed homes everywhere. It also doesn’t include those who gave up and part time workers.

When will the American public learn that taxing and spending doesn’t work? When those extended unemployment benefits run out social unrest will increase. But Barack and Michele will be dining on Arugula and herbs from the Kitchen Garden, honey from the White House Beehive, American wine pairings while the peasants get health care.
Unemployment since the Democrats gained control of the House and Senate

Unemployment since the Democrats gained control of the House and Senate

What works is getting rid of the fake corporate tax which is a tax on consumers, stock holders and research and development. Corporate taxes are a scam that politicians inflict on the ignorant and class envy population to please the big corporations and increase revenue to themselves. Big corporations like complex tax codes and high corporate taxes because they can get special deals and loopholes that take a PhD in accounting to figure out. Something the average business doesn’t have access to. High corporate taxes keep the competition limited and the profits high.

Big business also loves regulation contrary to popular opinion because it adds more staffing burden to the medium and smaller companies. Also depending on the regulation it can create oligopolies like we have in the drug industry due to the cost and delays involved in getting drugs approved for the market. This creates high profits for the politically connected and to hell with competition. Cut corporate taxes to zero and the unemployment would disappear in six months if…

The federal government stops spending and borrowing money. The government is like a huge pig devouring all the capital from medium and small business. The federal government is 28% of the GDP and growing as opposed to 19% when Clinton was president. Do we need a Department of Education, Housing and god knows what they have hiding in Washington. Maybe its time to lay off some federal workers and shut down a few departments. We can’t afford it. We are broke.

You can change all the tax codes in the world but if the government hogs all the money you still won’t have a job. Stop spending, shrink government and pay down the debt. It’s that simple. Communism doesn’t work, we know that.