A very wise businessman friend of mine explained how he went about deciding whether he would hire someone for his business. “Ask the prospective client for three references. You know that you’re going to show you only the good ones. When he shows you the references, then ask for the phone numbers of two people he worked for that did not like his work. By creating a time line, you will know whether your prospective client learned from his mistakes and corrected them or whether he’s still making them.”
Three years into his presidency, President Obama is still making the same mistakes. He still believes that his economic policies are working. He said that “we’re on the right track” after the latest employment numbers came out that 80,000 new jobs had been “created,” a third of which were with temporary employment agencies. An official unemployment rate of 8.2 percent is not on the right track. Obama’s economic team projected that if Congress passed the $800 billion stimulus package that unemployment would be around 5.6 percent today.
One more thing: “After the economy added 310,000 jobs in May 2004 and the unemployment rate was 5.6%, then-[Senate] candidate Barack Obama used the Democrat weekly radio address to attack the Bush administration for citing good economic numbers.”
And now we’re going to trust this man’s policies with our healthcare? What were the majority of Americans thinking in 2008? They weren’t.
Since Michelle Obama told a group of pastors that “there is no place better” to talk about issues than at church “because ultimately, these are not just political issues; they are moral issues,” a Bible passage might be the best way to put failed economic policies to the test:
“Beware of the false prophets, who come to you in sheep’s clothing, but inwardly are ravenous wolves. You will know them by their fruits. Grapes are not gathered from thorn bushes nor figs from thistles, are they? So every good tree bears good fruit, but the bad tree bears bad fruit. A good tree cannot produce bad fruit, nor can a bad tree produce good fruit. Every tree that does not bear good fruit is cut down and thrown into the fire. So then, you will know them by their fruits” (Matt. 7:15–20).
President Obama’s economic policies are not producing good fruit.
Consider what happened under Ronald Reagan who inherited an economy with double-digit inflation and interest rates and high unemployment (10.8%). The following is from an article written by Peter Ferrara, policy analyst, and columnist who is the current general counsel for the American Civil Rights Union and analyst for The Heartland Institute:
During this seven-year recovery [under Reagan], the economy grew by almost one-third, the equivalent of adding the entire economy of West Germany, the third-largest in the world at the time, to the U.S. economy. In 1984 alone real economic growth boomed by 6.8%, the highest in 50 years. Nearly 20 million new jobs were created during the recovery, increasing U.S. civilian employment by almost 20%. Unemployment fell to 5.3% by 1989.
The nearly 20 million new jobs statistic is astounding considering that the population at the time was 229 million when Reagan took office in 1981 and 246 million when he left office in 1989. Today, the population is 311 million. Obama brags that his policies have created 2 million new jobs. Two million jobs doesn’t even account for the increase in population.
The economic fruit of this administration is rotten. If ObamaCare is not repealed, our healthcare fruit will turn rotten.
“Then [Jesus] told this parable: ‘A man had a fig tree, planted in his vineyard, and he went to look for fruit on it, but did not find any. So he said to the man who took care of the vineyard, “For three years now I’ve been coming to look for fruit on this fig tree and haven’t found any. Cut it down! Why should it use up the soil?” “Sir,” the man replied, “leave it alone for one more year, and I’ll dig around it and fertilize it. If it bears fruit next year, fine! If not, then cut it down.”’” (Luke 13:6-9)