1) Remember the stimulus bill? Republicans strongly opposed it and said it wouldn't work. Democrats said it would revive the economy and keep unemployment under 8 percent. So, what happened? Democrats shoved through a bill that cost $1.1 trillion when you add in the interest. It cost more than the Marshall Plan, the Louisiana Purchase, and putting a man on the moon -- combined. The result? The economy didn't take off, the unemployment rate is still at 9.6 percent, and Democrats are calling for...you guessed it, another stimulus bill.
2) Perhaps the biggest problem with the economy right now is that businesses are so afraid of what the government will do that they're stockpiling cash instead of spending it. Having a pro-market, Republican Congress that will oppose tax hikes, red tape, and damaging new legislation will reduce uncertainty and help give businesses the confidence they need to start hiring and expanding again.
3) While he was campaigning, Barack Obama promised to cut the deficit in half, but in his first 100 days alone, he quadrupled the deficit. As if that wasn't bad enough, his budget blueprint adds more, "debt than all previous presidents -- from George Washington to George W. Bush -- combined." No civilization in human history has spent like America has over the last two years of Democratic rule and unless we can get more Republicans in office, this country's economic future is going to be deader than King Tut and uglier than a 7 day old chunk of roadkill.
4)The Democrats seem hellbent on taking over as much of the private sector as possible. In a relatively short period of time, our government has taken over much of the banking industry, auto industry, health care industry, and student loans. There are currently no viable plans to get out of any of these industries either. This sort of Sovietization of the American economy can only end badly. After all, look what similar policies did to the Soviet Union.
In Honor of His 103rd Birthday, Here Are The 20 Best Quotes From The Late, Great Milton Friedman | John Hawkins