US Economy in a Nutshell

August/10/2012 23:08PM
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Lot’s of good data here. But, I’d like to point out two key areas. First, look at the importance of petroleum and mining in the US economy. Two areas where Obama has declared war. How smart is it really to try to shut down the two biggest contributors to the US economy?

Second, look at the relative size of income taxes to government revenue sources. Obama is running on a single platform, taxing the rich. The revenue drain contributing most to the deficit is not income taxes. It’s a GDP running at less than 2%.

Preying on a gulible US voting public may get Obama reelected. If it does, shame on America. But, I don’t understand reality TV, so what do I know.

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