An open letter to President Obama (Part 40 of State of Union Speech and Mitch Daniels response 1-24-12)
President Obama’s state of the union speech Jan 24, 2012
President Obama c/o The White House
1600 Pennsylvania Avenue NW
Washington, DC 20500
Dear Mr. President,
I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is going on out here.
The Heritage Foundation website (www.heritage.org ) has lots of good articles and one that caught my attention was concerning your State of Union Speech on January 24, 2012 and here is a short portion of that article:
Source of Slow Recovery: Obama and His Policies – J.D. Foster
Once again we are reminded — President Obama inherited an economy in recession. Right. But the recession ended in June of 2009. This fact leads to three important conclusions.
First, it means the recession’s end occurred independent the big stimulus bill Obama signed in the previous February. Three months of a gradually implemented stimulus is insufficient time to have a noticeable effect.
Second, thirty one months have passed since recession’s end, which leads to, third, an economy that is muddling along at around 2 percent growth should by this time be expanding nearly twice that rate.
No, special circumstances cannot explain the anemic recovery. Yes, the housing sector is still struggling. Yes, the Japanese tsunami disrupted our economy and theirs. But the real reason for the weak recovery is the debilitating uncertainty permeating the economy, much of it emanating from the White House. This uncertainty is captured well in the Economic Policy Uncertainty Index.
As its name implies, the Index reflects the extent of uncertainty about federal economic policy and its consequences. The Index value today of 277 is almost twice what it averaged in the past decade. That means there’s a lot of uncertainty dragging on the economy.
The prescription for a stronger economy is simple – do less harm, and so cut the policy uncertainty: don’t raise or threaten to raise taxes; call time out on new regulations; cut spending; and begin to turn unaffordable, inadequate entitlement programs into affordable, reliable, enduring systems.
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Mr. Foster has it right. If you want the economy to improve then don’t raise taxes and stop new regulations and CUT SPENDING!!!!!
Thank you so much for your time. I know how valuable it is. I also appreciate the fine family that you have and your committment as a father and a husband.
Sincerely,
Everette Hatcher III, 13900 Cottontail Lane, Alexander, AR 72002, ph 501-920-5733, lowcostsqueegees@yahoo.com
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