Thank you, Barack! Thank you for your dogged, determined devotion to Progressive, Tax & Spend dogma.
Why on earth would I be thankful for that?
Because Barack Obama has personally provided all the necessary empirical data to prove once and for all the failure of Keynesian Economic Theory, AND the unwavering inability for those of the Democrat persuasion to consider ANY alternative to that failed theory!
Conservatives have known for generations that throwing money at a problem only makes it a more expensive problem. We’ve understood that government spending only creates a bureaucracy that perpetuates its own existence by spending yet more money. We’ve pointed out that Government creates no jobs, and HAS nothing to give ANYONE that they didn’t first confiscate from someone more productive than the recipient. We’ve howled about the failure of Progressivism to actually improve the lot of the people it purports to help and on whom it depends for votes to keep it in power. Look at ANY City, County, State or even COUNTRY where Liberals, Leftists or Progressives have had sole possession of power for an extended period of time! I’ll leave it to you to come up with your own examples! How has the lot of the people improved under their leadership over the last 40-50 years??
Now, more Americans are awakening to these facts because they have NO CHOICE but to acknowledge them as facts! Cold, wet reality is hitting them in the face like an autumn thunderstorm! And as reality sets in, those who had been politically uninformed, uninvolved or uninterested begin to actually understand, through real life demonstration, that conservatives’ warnings for decades have been based on sound understanding of the consequences of Leftist policies.
So thank you, Mr. President… you do have one positive accomplishment that will be your legacy. You’ve awakened America to the utter failure and impotency of Progressive thought on economics!
After nearly 33 months in office, and after spending us into oblivion with trillion-plus dollar deficits EVERY YEAR, and after failed stimulus, failed bailouts, failed quantitative easing, failed EVERYTHING… the President calls together a joint session of congress to propose… Guess what: more spending on more useless and ineffective programs under the guise of a jobs bill!!
First, let’s look at the spending aspect: The proposal is estimated by Obama’s own people to cost on the order of $450 Billion dollars. It’s sad that people are so numb to big numbers, and have such short memories, but somehow we’ve gotten used to hearing trillions tossed around so $450 billion is somehow meant to sound palatable! But let me remind you that George W Bush’s WORST deficit in his first 6 years with a GOP congress was only $420 Billion in 2003… and the WORST deficit of his presidency was his last year in office, with Pelosi/Reid at the helm of Congress… and it was only around $450 Billion! (By the way; Bush’s 2003 tax cut reduced the deficit each of the following 3 years down to 120 Billion the last year before Pelosi/Reid!) This proposal alone will cost as much as George Bush’s WORST DEFICIT!
Now let’s look at that number! $450 Billion for a JOBS PROGRAM. The Bureau of Labor Statistics tells us there are 14 Million unemployed today. If Obama’s proposal ACTUALLY worked PERFECTLY… and put EVERY ONE of the unemployed back to work… it would cost over $32,000 for EVERY JOB the program “created”!
Through Obama’s speech, he touted “roads and bridges” and construction projects. Never mind that this is simply a bone tossed to his Union Labor base… let’s try to remember that he’s talking about FEDERAL funding. Apart from the Interstate Highways themselves… aren’t roads and bridges the domain of the states and not that of the Federal Government?
And the SCHOOLS! Obama spoke of school buildings and teacher salaries. Aren’t those the responsibility of the local school boards – and aren’t they funded by local and state taxes? Since when does the Federal Government have any place in these matters? In fact… Conservatives have been pointing out the lack of constitutional authority for the US Department of Education since Reagan!!
The feature of his speech that is getting the biggest play and earning him the most points is the carefully termed “Payroll Tax Reduction”. Sounds almost conservative doesn’t it?? But it’s a shell game. A sham. A deception.
Adjusting the withholding tables to deduct less from a worker’s paycheck, without a concurrent change to the Income Tax RATE to reduce the worker’s actual tax liability only shifts his burden from weekly withholding to tax-day filing! Obama’s proposed “Payroll Tax Reduction” doesn’t change rates or your tax liability… only the amount deducted from your check each payday! So, by reducing your incremental contribution to your tax bill – either your refund will be smaller or your tax bill will be larger come filing time! Simply another example of kicking the can down the road – reaping political benefit now, and having a bill come due later! Another glaring example of how Liberal-Think economics works!
Obama kept hammering home “Pass This Bill, NOW!” Before anyone has a chance to read it, analyze it, discuss it, or inform others about it! No, Mr. President… Thankfully the House of Representatives is not going to rubber stamp your proposal. And those of us with eyes to see will do all we can to open the eyes of others! Instead, how about REPEAL OBAMACARE NOW! This was the single mandate that came out of the 2010 elections, and it still hasn’t been acted upon. It’s time.