COMMENTARY | Newt Gingrich called Barrack Obama a "Food Stamp President" early in his campaign. Despite the media backlash, he may have been on to something. The Washington Post quoted Gingrich the day he opened his campaign, "President Obama is the most successful food stamp president in American history. I would like to be the most successful paycheck president in American history."
Gingrich and his presidential campaign have since fallen off dramatically but his words about President Obama's social agenda still ring true. Obama has buried the United States in debt with a slew of social programs beginning with the health care plan that will bankrupt the United States within five years of its creation.
We already know Social Security, Medicaid and Medicare will be unsustainable in their current incarnation. With nationalized health care added to the long list of entitlements, it is obvious the country is on a path down a slippery slope if reductions in federal government spending are not reduced.
Another trend since President Obama took office is unemployment. With the new White House administration's anti-business policies, unemployment has remained at the 10 percent level nationally and in some areas like Las Vegas, the unemployment level remains well above the national average at 13 percent.
The policies of this administration created fear among business owners and their reluctance to hire employees is causing a backlash in the economy that is two-fold. Workers generate tax revenue while unemployed workers are not paying taxes and they are taking money out of the system.
Steve Wynn all but said he would not add staff to any of his hotels until President Obama is out of office. A Yahoo! News story reported Wynn said of Obama's policies in a meeting with his shareholders, "You know, we haven't heard that kind of talk except from pure socialists. Everybody is afraid of the government and there is no need soft-pedaling it. It is the truth. It is the truth."
Wynn also said Obama and his administration is the "greatest wet blanket to business" he has ever been subject to. Wynn has campaigned against Obama since he made the comments about Las Vegas that destroyed the convention and corporate retreat business for his hotel and all of Las Vegas.
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