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In her post, Rubin argues that spending cuts and Obama's regulations are pushing us toward a recession.
The big reason for the surprise drop in fourth-quarter
Rubin writes:
"I don’t know why they say the drop is unexpected. We are preparing to decimate national security, at a cost of perhaps 1.2 million jobs. The country was and still is poised to accept more tax hikes. The regulatory burden on employers and the prospect of Obamacare hang over our heads. No wonder we are in an economic slump. One more quarter of this, and, according to the technical definition, we will be in a recession. [...]
"This is why Republicans must talk growth, jobs and economic opportunity. The president isn’t because his policies stifle all three."
The U.S. is scheduled to endure more across-the-board spending cuts as a result of sequestration, which both parties agreed to as part of the Budget Control Act. As of now, both parties seem resigned to letting that happen. Earlier this month, House Speaker John Boehner said he was willing to let it happen and had Republican support in his pocket.