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GDP Data Shows The Recovery Failed

October 30. 2010

Barack Obama

Newly released U.S. GDP data reveals, the Obama Administration's financial recovery is not working. This affirms much of what the Judiciary Report has been consistently publishing for a year and a half - saving over spending is the way to a recovery. Once again, the government cutting its bloated budget, paired with a small tax increase on America's richest citizens, would have dug the nation out of the current financial pit it is in. 

However, Obama has spent an enormous amount of money, in the trillions, between health care and bailouts, pushing any potential recovery that much further away. Another dangerous aspect of this crisis is the President has not changed his political plans in this regard, continuing to make plans for additional spending the nation can't afford .

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