image
Washington, D.C.- Congressman Steve King (R-IA) today released the following statement describing how President Obama could deliver an economic speech to tomorrow’s Joint Session of Congress that would be welcomed by the financial markets.

"The Dow Jones would jump 1,000 points in a single day if President Obama would give the following speech to the Joint Session of Congress," said King. "Obama needs to tell Congress that ObamaNomics was a mistake, and that borrowing and spending ‘We the People’ into a debt equal to our entire national GDP was a colossal failure. He should announce that he will sign legislation repealing ObamaCare. He needs to reverse course and embrace the Cut, Cap and Balance bill, and he should ask Congress to pass a Balanced Budget Amendment immediately. The President also needs to cut the cost of overregulation in half and to open up drilling. Finally, he has to believe in these proposals, and we would have to believe him."

"If the President’s speech goes in the opposite direction by embracing Keynesian economics, he will be digging us even deeper into a hole of record unemployment and stagnant growth. After two and a half years of the President’s failed economic policies, we know what to expect from ObamaNomics and, I believe, we know what the negative results will be."

You May Also Like

How Our Government Should Work

Congressman David Young (R-Iowa): Our Republic was designed to make sure the people had a voice in government and could determine the outcomes of policy and laws made by Congress.

GOP: Say No Thanks to Doak’s Advice

Retired editor of the Des Moines Register, Richard Doak, is concerned about…

Trump Helped Himself More Than Kavanaugh

Adam Graham: Does President Trump deserve the king-sized credit he’s given for standing behind Brett Kavanaugh in the face of stiff opposition?

16 GOP Senators Who Sabotaged Rand Paul’s Gun Control Filibuster

16 Republican Senators voted to proceed with debate on a gun control bill which most Senators have not read which could lead to a federal gun registry.