Thank you, Eric Cantor. Thank you for walking out on useless talks, presided over by Vice President Biden, addressing raising the limit on our nation’s debt.
According to press accounts, Republican House Majority Leader Cantor called it quits on talks between Democratic and Republican leaders because Democrats refuse to give in on raising taxes.
This, I am sure, is true. But we also must understand the deeper and broader issue.
We are in nothing less than hand to hand combat, fighting for what America is about and what it takes to get this country back on track of growth and prosperity. Whether we are, most fundamentally, a welfare state in which government runs the show, or whether this is a free country, in which free, private citizens run the show.
President Obama assumed the presidency in January 2009, and, until this year, Democrats have controlled both houses of congress.
Under their leadership, we’ve had massive government expansion and intervention into our economy in the name of saving it. The federal budget has grown by a trillion dollars, an expansion by one third. Federal spending, historically 18 percent of our economy, is now 25 percent.
Now, 30 months later, the lowest unemployment rate that America has known since Barack Obama has been president was the 7.8 percent where it stood in the first month when he assumed office.
What should trouble every American is that there is not a hint from the White House or from Democrat leaders in congress that they have erred and have taken our nation down the wrong path. There is not a hint that they have even considered that their ideas and approach are wrong.
What we are getting are jokes from our president, regarding the failure of the almost $900 billion “stimulus” package, that“shovel ready was not as shovel ready as we expected.”
We are facing many dangers. And one of them is that Americans get used to the way things are.
Unemployment currently stands at 9.1 percent. It has hovered between 9 and 10 percent for almost the entire Obama presidency.
From this perspective, we almost long for the 7.8 percent where it stood in January 2009. As this drags on, memories will fade that when the American economy is moving full tilt, unemployment is around 5%.
Let’s also recall that back in January 2009 there were dissenting voices.