Three Years, $5 Trillion, Obama Policy, and Housing
February 26th, 2012The solution to the anemic American economy is growth. After three plus years of solutions promised by Democrats and Obama the economy is at risk of entering another recession. The pro-tax, pro-spend, anti-growth policies prevent recovery.
Remember Rahm Emmanuel saying when White House Chief of Staff; never let a good crisis go to waste? They have taken a crisis and made it a tragedy for America. Unemployment was 8.3% when they passed the Stimulus, unemployment was 8.3% on the third anniversary of the Stimulus, and understated. Real unemployment if you count those who have given up is 11.4%.
Now the Obama administration says we’ve finally turned the corner and he deserves four more years to finish the job. Finish his stated Fundamental Transformation of America is what he means. In order to get people to do what they otherwise would not, act in an un-American way ceding more power to the federal government and surrendering their individual liberties, you must have a crisis. Just as Rahm said.
The very ones who created the problems are now telling the American people they are the ones who can fix the problems. They are asking the American people to send arsonists to put out the fire. The crisis was not solely Obama’s making. Those responsible are progressives in both parties who passed laws, and regulations that suppresses not encourages economic growth.
It is impossible to achieve the recovery potential of America with the Obama agenda in place. Stagnation is the highest achievable outcome when dictates from central planners crush entrepreneurs, and business owners plans. It is impossible to plan a budget, or plan ahead with dictates from the Imperial presidency.
Obamacare, Dodd Frank, EPA regulations must be repealed for America to be able to realize full growth potential. These not only suppress economic growth, they shift power from the individual to the central planner. Patently un-American in nature, destructive of our economy, and way of life.
Just when the economy begins to show signs of life progressive ideology slams the door shut. After the most wasteful, profligate, political slush fund spending by Democrats and Obama in our nation’s history, adding $5 trillion to our debt in just four years, comes their radical environmental ideology causing a rapid rise in gas and food prices.
Six months of minimal job increases will come to an end. Although barely enough job creation to meet the demands of new entrants into the workforce, team Obama declares this success. It’s an embarrassment and a failure. The longest time between the end of recession and recovery ever.
The Springfield housing market is off to the best start since 2007. Due to record low interest rates, mild weather, and pent up demand. People are just sick and tired of waiting for the promised change to arrive. People intuitively know Obama policy will not improve the economy. They are acting to protect their interests by buying a home to hunker down and ride out the coming economic storm Obama and the Federal Reserve are fueling.
The window of opportunity for families to buy a home at these incredibly low rates looks to remain open for some time. However unlike past economic opportunities where the window slowly closes, this one will slam shut when there is a bond crisis.
With irresponsible Obama energy policy favoring radicals over the good of the nation, gas and food prices will stop economic growth, just as in 2008, and again in 2011.
This means more job losses, more government expense, more money borrowed. The debt ceiling is $16.4 trillion, projected to last only past the election, will need increased. This time approaching $20 trillion, about double what Obama inherited, leading to a credit downgrade and the real probability of a bond crisis.
Inflation and interest rates will rise rapidly. Times will get tough for millions more Americans. The incompetency, deception, and fiscal policies of Obama will cause another economic downturn. We cannot stay on this path. Obama won’t change course, progressive Republicans won’t change course. The only people that can save us from the progressive are the conservatives. A vote for a progressive is a vote for your own demise.
The window of opportunity to buy a home is open. When it closes it will be slammed shut for years. When will that window be slam closed? Nobody knows, but it will happen if we stay on this course. Buy a home while you can, and at least you can know your cost of housing while food, gas, utilities, rent, and taxes all skyrocket. Don’t say you weren’t warned. It’s coming unless progressives are unseated in the election. That’s America’s only hope.
The opinions expressed here are solely those of Fritz Pfister or identified sources, and not necessarily those of RE/MAX Professionals of Springfield or RE/MAX International.
