Economic Ignorance OR Marxist Bona Fides?

By Fritz Pfister

Saturday, August 24, 2013

Friday, President Obama said Republicans are spending too much time trying to repeal Obamacare. That won’t create jobs, that won’t help the middle class, and that won’t build ladders to the middle class.

Pure socialist rhetoric when we know businesses by the thousands have laid off full time employees, cut full to part time, and most announced new hires will be part time only ALL due to Obamacare mandates.

We also know about the jobs created since Obamacare passed in 2010, 7 of 8 jobs have been part time. Incomes are down 4.4% since the end of the recession.

This has resulted in the worst economic recovery in history. We are in the midst of the longest stretch of sub 3% GDP growth since 1929.

Health insurance costs have increased 29% since Obama became president, food costs are up 30%, gas has doubled, and electricity rates have risen faster than inflation every year since 2009.

Fewer jobs, fewer hours, lower wages, and skyrocketing costs of living. 76% of Americans are living paycheck to paycheck and a record 16.1% are living in poverty.

Although the BLS says the unemployment rate for August was 7.4%/14.7% underemployed, Gallup polling indicates it is much higher at 8.9%/17.9% underemployed with an astounding 8,332,000 workers no longer counted.

Any reasonable person would understand this economy is an abject disaster for the working family, middle class, and the nation.

The reason we have this disaster is due precisely to the Marxist Obamacare law. For the president to say the Republicans are wasting time and it won’t create jobs or opportunity to repeal Obamacare is an insult to any thinking American.

President Obama is either economically ignorant or a dedicated Marxist intent on a government takeover of health care to fully implement the fundamental transformation of America into a socialist welfare state.

Which is it President Obama?