ARRA News Service
News Blog for social, fiscal & national security conservatives who believe in God, family & the USA. Upholding the rights granted by God & guaranteed by the U.S. Constitution, traditional family values, "republican" principles / ideals, transparent & limited "smaller" government, free markets, lower taxes, due process of law, liberty & individual freedom. Content approval rests with the ARRA News Service Editor. Opinions are those of the authors. While varied positions are reported, beliefs & principles remain fixed. No revenue is generated for or by this "Blog" - no paid ads - no payments for articles. Fair Use Doctrine is posted & used.
Blogger/Editor/Founder: Bill Smith, Ph.D. [aka: OzarkGuru & 2010 AFP National Blogger of the Year]
Contact: (Pub. Since July, 2006)
    Home Page

One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors. -- Plato (429-347 BC)

Wednesday, July 03, 2013

Economy Stagnant Because Obama Is Hostile To Business

by Herman Cain, CainTV: Cause And Effect.

It turns out, since the government tends to go back and revise these things, that economic growth in the first quarter of this year [2013] was even worse than the paltry 2.4 percent they originally announced. It was only 1.8 percent.

How bad is that? We would need to consistently exceed 3 percent to make any progress at all on bringing down unemployment from its current level of 7.6 percent. (This time in 2008, when the media was howling for George W. Bush’s scalp because of the economy, unemployment was 5.7 percent.) We would need to consistently exceed 4 percent in order to see economic growth play any role whatsoever in bringing down our budget deficits.

And we’re stuck at 1.8 percent. But it’s just one quarter, right? Let’s look at the trend. What have we done since the beginning of last year? Here you go:
  • 1Q 2012: 2.0 percent
  • 2Q 2012: 1.3 percent
  • 3Q 2012: 3.1 percent
  • 4Q 2012: 0.4 percent
  • 1Q 2013: 1.8 percent
Folks, this is horrendous. One of my most pressing concerns for our country right now is not merely that the economy is so weak, but that much of the American public does not even realize how weak it is because the news media – through a combination of ideological bias and sheer economic ignorance – isn’t telling them.

It’s not hard to see why this is happening. First, Obama came into office with the economy already hampered by an anti-growth tax code, including the highest corporate tax in the world (35 percent), a counter-productive tax on repatriated profits, job-choking regulations and mounting debt. All of this usurps capital that could be used by the private sector to invest in activity that leads to growth.

On top of that, Obama’s rise to the presidency brought uncertainty that prompted business owners to hold back on decisions like hiring, facility expansion and the launch of new product lines. I don’t know how many times I’ve said this: Business hates uncertainty. If they don’t feel confident about what is coming tomorrow, they will retreat, play it safe and wait.

And nothing has made business owners less confident about the future than ObamaCare, which punishes hiring by imposing massive new costs for mandatory health benefits. When you pull back on hiring to avoid these costs, Obama and his media allies attack you as an unpatriotic jerk, but at least it’s better than knowingly purchasing a one-way ticket to bankruptcy.

But even that wasn’t enough for Obama, who last week announced that he plans to issue executive orders that will essentially end traditional coal-fired energy in this country. Now businesses will have to pay more for energy and have a harder time getting it – on top of everything else Obama has done to war against their success and prosperity.

The economy is not growing because we have a president who is hostile to business, and doesn’t know the first thing about how it works, what makes it succeed or what it needs to remain successful over the long term. He tries to combat unemployment in a typical Washington way – by offering tax credits for hiring, as if a business will hire a person they don’t otherwise need to get a tax break that covers a tiny percentage of that person’s cost to them.

When America’s economy is strong, it’s because a strong business sector is driving growth. When it’s weak, it’s because the business sector is being kept from doing that. In this case, it’s being kept from driving growth by an openly hostile president of the United States.

The fruits of his efforts are now quantified for all to see. The economy is not growing, and it will not grow as long as Obama’s policies are in place.
Herman Cain an American author, business executive, radio host, syndicated columnist, and Tea Party activist from Georgia. He was a candidate for the 2012 U.S. Republican Party presidential nomination.

Tags: The Economy, 2013, economy, not growing, President Obama, hostile to business To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Posted by Bill Smith at 3:56 PM - Post Link


Post a Comment

<< Home

View U.S. National Debt

Don't miss anything!
Subscribe to the
ARRA News Service
It's FREE & No Ads!

You will receive a verification email
& must validate you subscribed!

You Then Receive One Email Each AM
With Prior Days Articles / Toons / More

Also, Join & leave conservative posts & comments on

Recent Posts:
Personal Tweets by the editor:
Dr. Bill - OzarkGuru - @arra
#Christian Conservative; Retired USAF & Grad Professor. Constitution NRA ProLife schoolchoice fairtax - Editor ARRA NEWS SERVICE. THANKS FOR FOLLOWING!

Action Links!
State Upper & Lower House Members
State Attorney Generals
State Governors
The White House
US House of Representatives
US Senators

Facebook Accts - Dr. Bill Smith
ARRA News Service
Arkansans Against Big Government
Alley-White Am. Legion #52
Catholics & Protestants United Against Discrimination
End Taxpayer Funding of NPR
Overturn Roe V. Wade
Prolife Soldiers
Project Wildfire 4 Life
Republican Liberty Caucus of Arkansas
The Gold Standard
US Atty Gen Loretta Lynch, aka Eric Holder, Must Go
Veterans for Sarah Palin
Why Vote for Hillary (Satire)
FB Groups:
Arkansas For Sarah Palin
Arkansas Conservative Caucus
Arkansas County Tea Party
Arkansans' Discussion Group on National Issues
Blogs for Borders
Conservative Solutions
Conservative Voices
Defend Marriage -- Arkansas
FairTax Nation
Arkansas for FairTax
Friends of the TEA Party in Arkansas
Freedom Roundtable
Pro-Life Rocks - Arkansas
Republican Network
Republican Liberty Caucus of AR
Reject the U.N.


Request Via
Article Comment

Links to ARRA News
A Patriotic Nurse
Agora Associates
a12iggymom's Blog
America, You Asked For It!
America's Best Choice
ARRA News Twitter
As The Crackerhead Crumbles
Blogs For Borders
Blogs for Palin
Blow the Trumpet Ministry
Boot Berryism
Cap'n Bob & the Damsel
Chicago Ray Report - Obama Regime Report
Chuck Baldwin - links
Common Cents
Conservative Voices
Diana's Corner
Greater Fitchburg For Life
Lasting Liberty Blog
Liberal Isn't Amy
Marathon Pundit
Patriot's Corner
Right on Issues that Matter
Right Reason
Rocking on the Right Side
Saber Point
Saline Watchdog
Sultan Knish
The Blue Eye View
The Born Again Americans
TEA Party Cartoons
The Foxhole | Unapologetic Patriot
The Liberty Republican
The O Word
The Path to Tyranny Blog
The Real Polichick
The War on Guns
Twitter @ARRA
Underground Notes
Warning Signs
Women's Prayer & Action

Editor's Managed Twitter Accounts
Twitter Dr. Bill Smith @arra
Twitter Arkansas @GOPNetwork
Twitter @BootBerryism
Twitter @SovereignAllies
Twitter @FairTaxNation

Editor's Recommended Orgs
Accuracy in Media (AIM)
American Action Forum (AAF)
American Committment
American Culture & Faith Institute
American Enterprise Institute
American Family Business Institute
Americans for Limited Government
Americans for Prosperity
Americans for Tax Reform
American Security Council Fdn
AR Faith & Ethics Council
Arkansas Policy Foundation
Ayn Rand Institute
Bill of Rights Institute
Campaign for Working Families
CATO Institute
Center for Individual Freedom
Center for Immigration Studies
Center for Just Society
Center for Freedom & Prosperity
Citizens Against Gov't Waste
Citizens in Charge Foundstion
Coalition for the Future American Worker
Competitive Enterprise Institute
Concerned Veterans for America
Concerned Women for America
Declaration of Am. Renewal
Eagle Forum
Family Research Council
Family Security Matters
Franklin Center for Gov't & Public Integrity
Freedom Works
Gingrich Productions
Global Incident Map
Great Americans
Gold Standard 2012 Project
Gun Owners of America (GOA)
Heritage Action for America
David Horowitz Freedom Center
Institute For Justice
Institute for Truth in Accounting
Intercollegiate Studies Institute
Judicial Watch
Less Government
Media Reseach Center
National Center for Policy Analysis
National Right To Work Foundation
National Rifle Association (NRA)
National Rifle Association (NRA-ILA)
News Busters
O'Bluejacket's Patriotic Flicks
Open Secrets
Presidential Prayer Team
Religious Freedom Coalition
Renew America
Ron Paul Institute
State Policy Network
Tax Foundation
Tax Policy Center
The Club for Growth
The Federalist
The Gold Standard Now
The Heritage Foundation
The Leadership Institute
Truth in Accounting
Union Facts

Blogs For Borders

Reject the United Nations

Presidential Prayer Team

Thousands of Deadly Islamic Terror Attacks Since 9/11

FairTax Nation on FaceBook
Friends of Israel - Stand with Israel
Blog Feeds
Syndicated - Get the ARRA News Service feed Syndicated!
ARRA Blog Feed

Add to Google Reader or Homepage

Add to The Free Dictionary

Powered by Blogger

  • To Exchange Links - Email:!
  • Comments by contributing authors or other sources do not necessarily reflect the position the editor, other contributing authors, sources, readers, or commenters. No contributors, or editors are paid for articles, images, cartoons, etc. While having reported on and promoting principles & beleifs beliefs of other organizations, this blog/site is soley controlled and supported by the editor. This site/blog does not advertise for money or services nor does it solicit funding for its support.
  • Fair Use: This site/blog may contain copyrighted material the use of which has not been specifically authorized by the copyright owner. Such material is made available to advance understanding of political, human rights, economic, democracy, and social justice issues, etc. This constitutes a 'fair use' of such copyrighted material as provided for in section Title 17 U.S.C. Section 107 of the US Copyright Law. Per said section, the material on this site/blog is distributed without profit to readers to view for the expressed purpose of viewing the included information for research, educational, or satirical purposes. Any person/entity seeking to use copyrighted material shared on this site/blog for purposes that go beyond "fair use," must obtain permission from the copyright owner.
  • © 2006 - 2020 ARRA News Service
Creative Commons License
Creative Commons Attribution Noncommercial Share Alike 3.0 Unported License.