The current frenzied media focus is centered on concerns over Hillary Clinton’s health. Needless to say, there is cause for concern with the video of presidential candidate Hillary Clinton visibly stumbling and seemingly collapsing right before entering a transport van this past Sunday. Combine that with her insidious comments about half of Trump supporters being in a basket of “deplorables” doesn’t set course for a good week for the former secretary of state.
This news about Mrs. Clinton’s health may run for a 72 to 96 hour news cycle – depending on what else emerges of course. Trust me, there are those in the liberal progressive media who will be enlisted to spin this story, citing pneumonia.
But there’s a greater health issue that should be a front and center focus for us all: the health of America.
There’s a critical decision point looming for Janet Yellen and the U.S. Federal Reserve over whether to raise interest rates. Going into this year, the Fed hinted at four quarterly interest rate increases of just .25 percent. Many felt this was a reasonable measure because we can’t continue down the path of “quantitative easing,” the Federal Reserve’s policy of manipulating low interest rates, excessively printing money, and monetizing our massive debt. Our own Federal Reserve is the largest holder of our nearly $19.5 trillion debt.
This has occurred due to the failure of the overall fiscal policy of the last seven-and-a-half years under the Obama administration. If our economy was strong, a small increase in our bank loan interest rates would be acceptable. Obviously, we’re just not at that determining point where our economy is healthy enough.
Our tax policies aren’t focused on building a thriving and healthy U.S. economy. They’re rooted in ideological envy and punishment of those in positions to grow our economic engine. We have the highest corporate/business tax rate in the world, forcing our businesses elsewhere. And now, we even have American businesses overseas under attack by the European Union, as is the case with Apple. Trillions of dollars could be reinvested as a booster shot for this unhealthy economy, but some still hold onto a progressive socialist vision of taxation.
Our GDP growth is anemic and we should be greatly concerned that the most recent quarterly report was downgraded to 1.1 percent. President Barack Obama may become the first U.S. president to fail to reach a 3 percent GDP growth, which is indicative of an unhealthy economy. We’re struggling through the worst economic recovery since World War II. Our unemployment rate is not below 5 percent – which is statistically impossible considering the workforce participation rate is under 63 percent, nearing a low point dating back to the late 1970s.
There are those who tout our deficits being cut in half as a great achievement However, since our deficits consistently hit over $1 trillion during the first four years of the Obama administration, that assertion is a half-truth. It evidences another issue adversely affecting the economic health of America — excessive government spending. And that ties to the ever-growing debt of the United States, which has gone from $10.67 trillion in 2009 to nearly twice that today.
Let me put that into clear perspective. Under Barack Obama and his presidency, the previously accumulated debt of the United States, that of all previous presidents combined, is about to be doubled in just eight years under one president. That is not reflective of a healthy economy.