As a remedy for rising gasoline prices, Obama wanted to raise taxes on oil companies, and use that “extra” tax revenue to give “working Americans” a thousand-dollar voucher that they could use to make gasoline purchases.
The first quarter's disappointing economic growth rate is further proof that President Obama's big-spending stimulus bill isn't delivering the strong recovery we've experienced coming out of previous recessions.
President Obama says the economy is the worst since the Great Depression. Actually, it is the worst since the Reagan recession of 1982-83. Further, the 2009 market crash is not the worst since 1929 but since 1987—also on Ronald Reagan’s watch.
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