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Abysmal
Economic News
This week we learned that
our economic growth last quarter was an embarrassing 0.1%. The media describes it as "anemic" but I
would describe it as pathetic. Americans
deserve better. The Wall Street Journal notes that this "marked the
second-worst quarterly performance since the recession ended in mid-2009." Also, this economic "expansion" since the
recession ended in 2009 is considered the weakest in modern history. Obama came
into office with Democrats in charge of Congress and got everything he wanted,
including his (failed) stimulus and ObamaCare.
According to Obama's stimulus promises, our unemployment rate should be
around 5% by now. Clearly that's not the
case. But what's even more important to
understand is that our current unemployment rate of 6.7% is artificially
low. What's happened in the Obama
recovery is that millions of Americans have given up looking for work and
simply left the labor force. This
artificially shrinks the pool, when measuring for unemployment. There are also a lot of Americans who are in
the labor force but are working jobs below their skill level and many of those
are part-time. That's no way to drive a
viable, long-term economic recovery.
China To Become #1
A
few reports
have come out recently that suggest China is on
track to surpass America as the world's largest economy. I still
maintain that
energy is one of the major assets we have in this country that could
turn this
economy around. Tomorrow we will get the latest employment numbers from
the
Labor Department. It's been over five
years since Obama took office and yet his policies have yet to dig us
out of
our economic hole. Stupidity is doing something
over and over again and expecting different results. Perhaps it's time
to try something new. Republicans have a real opportunity here to
stand up and provide bold-colored solutions to the American people.
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Benghazi
Email Fallout The revelations of the latest
emails regarding the terrorist attack in Benghazi have put the spotlight back
on the issue. Then today in Washington
there was a hearing on Benghazi, which included some bombshell revelations. This
morning in Congressional testimony we heard from retired Air Force
Brigadier General Robert Lovell, who was the former U.S. Africa Command
intelligence director during the attack.
He testified that they knew “early on was that this was a hostile
action" and that "this was no demonstration gone terribly
awry." He says they waited for a
request from assistance from the State Department, and while it is unclear
whether they could have done something or gotten there in time, he says
"we should have tried.” Many people
are now renewing their efforts for a select committee to
investigate Benghazi. Despite Jay
Carney's best attempts to spin the Rhodes memo as not being related directly to
Benghazi, it's clear that this administration is obfuscating the truth and
withholding pertinent information.
Yesterday, Jay Carney actually tried to sell us this lie: "The email and the talking
points were not about Benghazi. They were about the general situation in the
Muslim world.” That's just flat-out
untrue. Even MSNBC is admitting that maybe there is something here on this issue of
Benghazi. No kidding! Glad to see the Obama-mania media is finally
coming around on this issue, realizing it is above partisanship and speaks to
larger issues with this administration, what we owe the families of the fallen
and the truth that the American people deserve.
>>TV Tonight (10pm ET on Fox News)
The families of Benghazi victims speak out tonight on 'Hannity.' |
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