While on the campaign trail in Iowa, Louisiana Gov. Bobby Jindal’s office said the 2016 contender will tell voters that blame for stock market losses lies entirely with President Obama, whose economic policies will ultimately “crash” America’s economy.
According to the press release, Jindal will say:
By increasing taxes and creating new entitlements when we can’t afford the ones we’ve got, the Obama administration has structurally weakened our economy. Flooding the markets with printed dollar bills is a recipe for short-term gains, followed by volatility and losses.
While there are always ups and downs in the markets, Obama’s policies will crash our economy; it’s only a matter of time.
The Obama economy is a house of cards built on sand, with anemic growth and record numbers of Americans not even in the work force. If we don’t change course, our economy will eventually crumble, it’s basic math.
Why? It’s because we’ve doubled our national debt, increased our taxes, and massively grown the size of the federal government.
We cannot grow the government economy and the American economy at the same time. You have to choose. Obama and Clinton chose the government economy, I choose the American economy.
Jindal adds that, if elected president, he will remedy the damage done by Obama’s policies by lowering both individual and corporate tax rates; eliminating the EPA; allowing America to become the “world’s superpower on energy;” and by shrinking the federal government.
“I’m the only one who has done it,” says Jindal. “The other eight governors running all say they will shrink government as President, but they didn’t do it as Governor, and it’s even harder as President.”
As Breitbart News previously reported, the libertarian Cato Institute released its own report that found, among the eight governors who are GOP candidates for president, only Jindal has cut spending in his state.
“It is naïve and absurd to believe that people who failed to cut government as Governor will somehow magically do it as President,” he states. “We cannot choose between Hillary Clinton continuing the Obama economy and a Republican who will just be a cheaper version of the Democrats. We need to nominate a true economic conservative.”