Obama Skips the Kennedy Tax Cuts

After delivering a number of “economic growth” speeches this summer, President Obama has failed to inspire any confidence, falling all the way back to square one in a recent Gallup poll. Actually, make that less than square one. Gallup reported that Obama’s approval rating on the economy has sunk to 35 percent in August from 42 percent in early June.

Why should we be surprised?

The actual economy shows real GDP falling well below 2 percent. This so-called recovery remains the worst in modern history dating back to 1947.

And as far as solutions go, Obama keeps giving us the same old, same old: End the spending-cut sequester, lower tax deductions, and raise taxes on the rich, all to free up money for infrastructure, green energy, “manufacturing innovation initiatives,” and the teachers’ unions.

Of course, this would all come on top of Obamacare, which if it doesn’t fall of its own weight, will add so many new taxes and regulations that it will sink the economy even more.

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