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Obama's Real Cost: $19 Trillion in Missing GDP

Frank1802 Wrote: Jan 26, 2013 4:12 AM
OK, so Obama blocks, at the behest of the EPA and environmental groups, the construction of the Keystone Pipeline. Now ignore the increase in availability of oil, just concentrate on jobs, revenue etc. A large number of construction jobs have, not been lost but, simply not created. Now as bad as that is there are in all probability families which are either going onto or remain on entitlements thereby increasing Government spending, instead of contributing to the overall economy by being productive, paying taxes and contributing to the exchequer. Then there is the point that modern industry need lots of cheap energy to succeed.
TexanPatriot Wrote: Jan 26, 2013 9:01 AM
Frank, all this is done by design. The Hussein is only doing his job as the puppet of globalists.
Frank1802 Wrote: Jan 26, 2013 4:27 AM
This means lower local service industry hiring, which means lower local taxes takes and on and on. What the Left, wherever they are fail to appreciate is that none of this happens in isolation and the cumulative effect is disastrous, these are only some of the reasons that the American economy is filing and the value of the dollar slides. There are so many facets to this and none of it helpful to America.
Frank1802 Wrote: Jan 26, 2013 4:20 AM
India and China understand this which is why, while the USA is closing Coal Fired Power Plants, China is opening a new one every week. As a side issue what the Left, the EPA, the Evironmental Lobby, and sadly, the President do not understand is that America will get the benefit of Chinese pollution as it is carried over the Pacific by the jet stream. News flash there is no border control on either atmosphere OR weather IT IS GLOBAL. But what this also means is that existing business will not expand, thus reducing new jobs, and potential business will not be started. That translates into lower Tax revenue, lower corporation tax takes, no spending locally by employees and potential emplyees.

There's a super storm raging over our economy that's been seeded and fueled by the federal government over a period of the past several decades. And it's literally costing the country trillions of dollars in GDP per year.
It’s not merely garden-variety government waste that's the problem either. It's monumental stupidity by the government, combined with venial cupidity by voters who think they can get others to pay for their free lunch.

This government-created storm has, more than any other factor, contributed to the fiscal crisis; a crisis that is creating more expansive government programs, robbing us of more GDP, thus ensuring...

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