(VIDEO) Watch Ted Cruz’s Powerful Testimony On the Costs Of Drug Addiction
In last night’s GOP debate, Ted Cruz gave powerrful testimony to what drug addiction can do and he did it from personal experience.Read More »
The Romney campaign has released a powerful new web video, “Fine?.” The new video responds to President Obama’s out of touch “the private sector is doing fine” comment with snippets of middle class workers talking about their experiences struggling with the realities of the Obama economy:
James Pethokoukis offers some key statistics to show the private sector is not doing fine:
As we discussed yesterday, Obama really believes that bigger government is the way to make the economy stronger. During his “the private sector is doing fine” press conference, Obama said the thing to do is help state and local governments and the construction industry. That is exactly what he tried to do with his failed $831 billion so-called stimulus.
As the Wall Street Journal reports, Obama misdiagnoses state and local government layoffs:
“They aren’t the result of falling state and local revenues, which have increased by 6% over the last two years, according to the Census Bureau. The problem is that the cost of worker benefits is growing faster than revenues. Governments are having to lay off workers to pay for their rising pension and health bills.”
The 2012 presidential election is all about the economy. Romney’s private equity vs. Obama’s public equity. Or, as Romney put it in his “Obama’s Government-Centered Society” speech he gave after sweeping the primaries in Wisconsin, Maryland and Washington, D.C.:
“The president has pledged to transform America. And he’s spent the last four years laying the foundation for a new government-centered society. I will spend the next four years rebuilding the foundation of an opportunity society led by free people and free enterprises.”
Obama’s big government approach has resulted in unemployment above 8 percent for 40 months and the weakest economic recovery in 60 years.