Since his election, Obama has crushed the labor market with his socialist agenda – Obamacare, stimulus spending, pro-Union stance, crony capitalism, executive orders, agency regulations, and green energy agenda. Yet now we are expected to believe he cares about jobs!
In case you were smart enough to forgo Thursday’s rehash of the same tired old ‘please re-elect me’ rhetoric, the N.Y. Times was ‘nice’ enough to publish it for your reading pleasure!
This new Jobs Bill encompasses another $450 billion stimulus for road construction, extension of long-term unemployment checks, cuts in individual Social Security payroll taxes for an already broke system, cuts to Social Security payroll taxes for businesses, repairing schools, and tax credits for business that hire those who collection unemployment checks.
Did I miss any of the bones he tossed out to the middle of the road voters?
Using a backdrop of police officers, teachers, veterans and construction workers, Obama said on Monday that his ‘bill’ would put people back to work all across the country. I really find it insulting that he thinks all voters are that stupid. This is nothing but an insincere play for your vote. In his typical style, Obama tosses out the same old tax and spend rhetoric that has all but destroyed our economy and then blames the Republicans, George Bush, ATM Machines, and the Tea Party when it doesn’t work. Let the whining begin!
“Insanity is doing the same thing over and over again and expecting different results.” Albert Einstein
Mark Zandi, an Economists, who Obama asked to evaluate his proposals prior to the speech, estimated that it would add 1.9 million jobs and reduce unemployment by 1%. I would hope those estimates weren’t figured on the same basis as the prior stimulus ‘jobs saved or created’. Considering that the government used temporary part-time jobs, counted people twice, and fudged on the jobs saved to come up with a fictitious 2 million jobs, it gives one pause to accept any figures that Obama’s administration or anyone associated with the Obama administration would throw out.
Now that we have access to this new stimulus bill which proposes limiting itemized deductions for families with taxable income of $250,000 or more a year and individuals earning $200,000 or more a year; ending tax breaks for oil companies and corporate jet owners; and eliminating tax breaks for investment fund managers, it becomes apparent that nothing has changed - he wants another $450 billion in wasteful spending now with individuals and companies paying for it in 2013 – in the same vein as Obamacare.
The largest part of Obama’s tax package comes from limiting deductions for families and individuals - home mortgage deduction, state and local property taxes and charitable donations - which Obama estimates would net the government about $400 billion over a ten year period. Great for the government, bad for taxpayers. On one end of the Socialist balance bar he is going to lower your social security/medicare tax deductions from your paycheck so you’ll have more money to spend and on the other end he is raising the income taxes you have to pay.
His proposal would also raise the price of gasoline, raise the price of consumer goods, and hurt those taxpayers with enough common sense to save and invest for their retirement.
Obama’s re-election stump ended up in Richmond, Virginia, last Friday to promote his new stimulus package and hopefully convince Virginians that we should once again vote for insanity. “I’m asking all of you to lift up your voices. I want you to call, I want you to email, I want you to tweet, I want you to fax, I want you to visit, I want you to Facebook, send a carrier pigeon, I want you to tell your congressperson the time for gridlock and games is over, the time for action is now.” There the President and I agree – but not to push for another failed stimulus - to tell Boehner (especially Boehner) and Cantor no more phony debt deals, no more failed stimulus.
Funny, the one thing I don’t remember the President mentioning last week was the $500 billion in new borrowing the Senate approved on the 8th to raise the debt ceiling to $15.19 trillion. The new borrowing limit came from the debt-ceiling deal that Boehner and his cronies shoved through in August. The next increase (and there will be a next increase) will likely come in the first quarter of 2012, dependent on the “Super Committee’s ability to find at least $1.5 trillion in cuts. I might mention here that our beloved liberal Virginia democrat, Mark Warner voted for the increase.
Michelle Malkin said of the RINO/Democratic debt deal – “The American Age of Austerity lasted approximately 3 minutes, give or take a nanosecond. Immediately after the Senate approved the bipartisan Budget Control Act of 2011 on Tuesday afternoon, President Obama hustled over to the Rose Garden – to crow about the renewed opportunity to make ‘key investments.’ Yes, the pitched battle to force government to live within its means has preserved the failed stimulator-in-chief’s ability to keep spending like there’s no tomorrow. As the curtains closed on D.C.’s debt ceiling theater, Obama wasted to time putting his new ‘investment’ priorities on the table – higher taxes, more funding for endless unemployment benefits, and a ‘national infrastructure bank’.”
I wonder how fast it will take for Obama to spend that new $500 billion.
To make certain the drive-by media understands the importance of this ‘historic’ warmed over speech, the White House is flooding their emails with statements of support from such credible sources as Center for American Progress (think Soros), AFL-CIO, the Blue Green Alliance, the International Brotherhood of Teamsters, United Steel Workers, UBS America, the mayor of San Francisco, liberal Senators and Congressmen like Harry Reid, Nancy Pelosi, and Dick Durbin and liberal Council on Jobs members like Jeffrey Immelt.
From the RINO side of the isle, Boehner suggested that, following a summer of toxic negotiations over the debt ceiling, he was amenable to compromise on Obama’s plan. ”It is my hope that we will be able to work together to put in place the best ideas of both parties and help put Americans back to work.” If his compromise goes as well as the debt ceiling deal, we can look forward to another $447 billion being added to the national debt.
There is however a small glimmer of light shining its way out of the Senate. More than 2 dozen senators from both sides of the isle, organized by Senator Mark Warner of Virginia, met in private last week to discuss ways to find even more cuts to the federal budget. Senator Bob Corker of Tennessee said that “I don’t think I’m speaking out of school that it was a unanimous feeling among a large group of senators. . .Most people are far more focused on this super committee than any speech the president’s going to give.” Senator Lieberman said the senators want to “encourage” the super committee to “reach for a higher number”. A senior democratic aide called Obama’s jobs plan “dead on arrival” because of its price tag.
I would so much like to get excited by this news but considering that the Super Committee is comprised of twelve tax and spend Rhinos and liberal Democrats elected to office with special interest money, I find it hard to believe they could compromise on anything other than new taxes and small, insignificant cuts. These senators who are going to “encourage” the committee to “reach for a higher number” are also comprised of the same old tax and spend crowd. The only people not represented by either group is the American taxpayer.
“The most terrifying words in the English language are: I’m from the government and I’m here to help you.” Ronald Reagan
“If Obama’s fall campaign to tackle the job crisis sounds familiar, that’s because it is. This President has talked about jobs more than 200 times since taking office. He signed an $820 billion stimulus package to buy (mostly public sector) jobs, followed by an $18 billion jobs package lumping construction funds with hiring incentives for small business. We watched the Paul Volcker ‘Economic Recovery Advisory Board’ of 2009 disappear, replaced by the much hyped Council of Jobs and Competitiveness of 2011, chaired by GE’s Jeffrey Immelt. There is not much to show for all that. In the 26 months after the nation’s unemployment rate first breached 9%, it slid back under only twice.” You can read the article by Nina Easton, of Fortune Magazine, in full at the link above.
“We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.” Winston Churchill