RON HART: The Statist of the Union Address

Published: Sunday, February 17, 2013 at 08:14 AM.

All recessions end. Of the 10 recessions of the past 65 years, economic growth for the following three years averaged 4.6 percent.  GDP growth under Obama’s "recovery" has registered a tepid 2.2 percent.

The White House finds it comforting to say that this was a bad recession. But as any sober economist will tell you, the worse the economic downturn, the more robust the recovery (historically 5.9 percent). The difference between 5.9 percent historic growth and Obama’s 2.2 percent would mean $1.6 trillion more over three years, or $7,000 per working American.

Al-Qaida could not have done as much damage to the U.S. as this administration has, working to destroy our economy with a morass of entrenched bureaucracies. The terrorists can now retire. They set about to weaken and destroy America, which task is now in the capable hands of the left.

Ron Hart, a libertarian syndicated op-ed humorist, award-winning author and TV/radio commentator can be reached at Ron@RonaldHart.com or visit www.RonaldHart.com.

 



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