“…What the hell is he doing asking for another four years?”
Governor Chris Christie (R-New Jersey) was speaking on behalf of Mitt Romney in Virginia last week. He was talking about, and to, Barack Obama. “…If you don’t think you can change Washington from inside the White House, let’s give you the plane ticket back to Chicago you’ve earned.” With President Obama and his challenger running so close – and with so many states in-play – fiery rhetoric from the campaign trail is to be expected.
Yet Governor Christie raises a legitimate question. Besides the obvious reasons – first term Presidents are eligible to run for a second term (and most of them to), and President Obama thinks he is better suited to be President than Mitt Romney –what, really, is another four years of Barack Obama supposed to be about?
Americans who are the least bit interested in anything remotely resembling economic recovery and prosperity – yes, even Democrat Americans – should take a look at the facts. The evidence is overwhelming that President Obama’s policies over the last three and a half years are stifling our economy now, and will likely send us in to a slowdown in 2013.
That’s not mere partisan political rhetoric. Last week Reuters business news reported that Americans will face a “tougher 2013,” economically speaking, and they identified two of President Obama’s policies as the direct reason for the added difficulty.
For one, payroll taxes are set to rise on January 1. President Obama agreed to a temporary payroll tax cut back in 2009, but he insists that it needs to be raised again, and has insisted that he’ll let this lower payroll tax rate expire at the end of this year. According to the analysis reported by Reuters, this will take an estimated $125 billion out of our private sector economy, and will likely mean less consumer spending, less profitability for businesses, and a lower GDP.
Austin Hill is an Author, Consultant, and Host of "Austin Hill's Big World of Small Business," a syndicated talk show about small business ownership and entrepreneurship. He is Co-Author of the new release "The Virtues Of Capitalism: A Moral Case For Free Markets." , Author of "White House Confidential: The Little Book Of Weird Presidential History," and a frequent guest host for Washington, DC's 105.9 WMAL Talk Radio.