imageWashington, 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

North Korea Rattling Saber at Hawaii

Well, the North Koreans are at it again.  This time it is…

A Pro-Life Ad? Not Exactly

Priorities USA released an ad that has the appearance of being a pro-life ad, but in reality it is released by a group that supports Hillary Clinton.

Joni Ernst Advocates for 5-Month Abortion Ban on Senate Floor

U.S. Senator Joni Ernst (R-IA) took to the floor of the United States Senate to call for support of the Pain-Capable Unborn Child Protection Act.

Ben Sasse Addresses The Gospel Coalition

U.S. Senator Ben Sasse (R-NE) at The Gospel Coalition’s annual conference pointed out that our hope and the answers we seek does not come from Washington.