President Obama had an interview with Rolling Stone magazine, and said that the “perspective that Fox News promotes is ultimately destructive to long-term U.S. growth.”
I disagree. His financial policies are proving to be more disastrous to U.S. short and long-term financial health than any perspective that Fox News promotes.
His refusal to give tax cuts to businesses are preventing them from hiring new workers, which would have a definite effect on the unemployment situation, bring in more revenue for state governments and for the federal bottom line, increase consumer spending, and do other things. Obama could trigger all of that almost immediately if he wanted to.
Businesses won’t budge until the President does. It’s not in their best interests to do anything that the President wants. His spending is reckless to the point of madness, and is going to bite us HARD when we least need it or want it.
President Obama needs to be more reasonable in how he stimulates the economy—through the private sector, not through more borrowing and spending.
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