In a nutshell: What’s holding back our economy

You betcha.

Holding our economy back — By Nate Beeler, The Washington Examiner, Cagle Cartoons

Any questions?

(via The USA Today)

Related Reading: Martin Feldstein – The Economy Is Worse Than You Think

11 Responses to "In a nutshell: What’s holding back our economy"

Paul says:

June 8, 2011 at 12:09 pm

Sister we have the best politicians that money can buy on both sides of the aisle. b:d
Coastal Eddie says:

June 8, 2011 at 1:02 pm

Lower Taxes, Stupid! The road to recovery is not paved with tax increases.
TexasMom2012 says:

June 8, 2011 at 1:28 pm

Reduce regulations!
Just bringing back incandescent light bulbs would instantly create jobs!
Drill everywhere!
Kill Obamacare!
Economy would fix itself without even cutting cap gains taxes…
Then tackle all spending, Boom times!
Great White Rat says:

June 8, 2011 at 2:30 pm

Let’s just look at one aspect of the problem – energy prices – and apply Economics 101, shall we?

Oil prices have increased to over $100/barrel. That means every company and every citizen has to pay more for anything that uses or is made from oil, right? Same for anything that requires energy in its manufacture. Which means damn near everything.

Higher prices mean that the average American can buy less. Of everything. With me so far?

So if the people are buying less of everything, the companies have to either (1) lay off workers, or (2) go broke (in which case all the workers are laid off), or (3) get a government bailout if they’re big enough or well-connected.

In cases 1 and 2, the laid off employees have no money to spend to buy anything, so the cycle continues. Also, those former employees will be collecting some unemployment $$ from the government, so no matter what happens the government is going to be spending more.

So Obama’s first bright idea is raise taxes. Yeah, less money in everyone’s wallet means we’ll be spending and investing more and helping the economy get back on track. I mean, if you suddenly got a 10% pay cut, the first thing you’d do is run out and buy a new Mercedes, right?

Oh wait…he means just on those evil businesses that make those profits. That means higher prices. Go back a few lines and see what those do.

So he goes to the second bright idea: let’s shut down oil production. Because making oil scarcer is one way to bring down prices, isn’t it? No?? Really???

There are a few bumps in the road ahead, all right. And they’re all on Obama’s head.

I’ve decided to stop complaining about the amount of time Obama spends on vacations or the golf course. The way I see it, he can do less damage to the economy and the nation when he’s busy playing with his putter than when he’s sitting in the Oval Office.
Gabriel says:

June 8, 2011 at 2:44 pm

Reduce regulations!
Just bringing back incandescent light bulbs would instantly create jobs!
Drill everywhere!
Kill Obamacare!
Economy would fix itself without even cutting cap gains taxes…
Then tackle all spending, Boom times!….DITTO.
PE says:

June 8, 2011 at 3:05 pm

Communism. The opiate of fools who would lead morons.
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Drew the Infidel says:

June 9, 2011 at 4:57 am

Obhammud and his obsolete hippie/Bolshevik ideas are out of place in our capitalist society.
captaingrumpy says:

June 9, 2011 at 10:29 pm

March on Washington.

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