Sunday, August 9, 2015
Snapshot of America Under the Obama Maladministration
The US economy lost $233.8 billion in productivity for the sake of compliance with an overly complex tax code. The US economy in 2014 was worth $1 trillion less than what Obama promised with his 2010 budget. US GDP growth declined by 0.7% in Q1 of this year. Rising inflation thanks to the Obama regime's heavy expenditures and the Federal Reserves loose money policy combined with rising energy costs thanks to the Obama regime's environmental regulations continue to raise the cost of living in the US, further squeezing the population. In local mismanagement news, an audit uncovered rampant financial mismanagement with the local government of West Covina, California.