Ben Bernake
Yesterday, the head of the Federal Reserve, Ben Bernake, made a grim
announcement, stating U.S. economic growth had completely slowed. To the
millions of unemployed people in America and businesses struggling to stay
open, this came as no surprise.
For the past several years, the Judiciary Report has stated all the "easing" and spending
would not work to remedy the economy and U.S. economic data continues to
show, it has not. America needs massive budget cuts on a government level,
paired with tax increases on the rich, if it is to come out of this
dreadful financial crisis that began on Wall Street.
There are no easy, quick or pretty solutions. This spend your way to
wealth campaign the Obama Administration has been on has failed. It's time
to put it to a stop. The nation is right back where it started
from concerning the terrible crisis, only this time around, $5 trillion
dollars deeper in debt, due to the spending spree the Obama Administration embarked
on. That’s quite a deficit.
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