The 'Give The Economy A Fish' President
For the sake of argument, let's give the President the benefit of the doubt and assume that his "jobs" plan is not a political maneuver designed to gin up his base, throw bones to various liberal constituencies, or outflank the Republicans in the run-up to the 2012 election.
If that's the case, we're only left with one inescapable conclusion—pure, unadulterated incompetence.
How else can one explain the regurgitated hodgepodge of discredited stimulus measures, all temporary in nature, with no lasting structural impact on economic growth? My goodness, has he learned absolutely nothing from history, including the relatively short history of his own administration?
Welcome to Cash for Clunkers Part 2: This Time It's Personal. Instead of old cars, the clunkers are now broken down heaps of left wing transfer payment programs and bad tax policies. Same cast; same bad movie.
I'll give Obama credit for one thing, though...he's proving that not all tax cuts are good.
Could somebody please clue him in that once the money for his myriad of ephemeral measures runs out, sustainable economic growth is not the result. Rather, in their wake are the identical inefficiently taxed, over-regulated, and uncertain universe of individuals and businesses—with no real incentives/rewards to take growth-inducing risks, or to believe that the landscape looks less threatening going forward.
Who are the politicians, pundits, and economists who sincerely believe that giving people a little extra money via a payroll tax holiday (almost certainly to buy staples) is going to put us back on the path to prosperity? That's supposed to spur hiring and/or new business formation? Seriously?
Are businesses going to jump at a $4K or $5K tax credit per new hire when the price tag on each of those hires can be 10, 20, 30, or 50 times that amount? Moreover, if businesses can get beyond the high and unpredictable cost (due to uncertain healthcare and regulatory environments) of a new employee, won't they generally be dissuaded by the Obama administration's heretofore chilling effect on risk taking and history of demonizing numerous industries?
What might be most ridiculous, however, is Obama's method of trying to sell the package. He's telling us that each and every item has previously been supported at one time or another by both Democrats and Republicans. Yep, I took an aspirin for a headache a while back. It really didn't work, but I think I'll try that again even though this time I've got a fractured skull.
Obama is the 'give the economy a fish' president. Well, we've run out of damn fish. Time to figure out how to go catch some more.
I'm certain there's a boat load of them over in Comprehensive Tax Reform lake.
Somebody PLEASE get Obama a rod. FAST!
If that's the case, we're only left with one inescapable conclusion—pure, unadulterated incompetence.
How else can one explain the regurgitated hodgepodge of discredited stimulus measures, all temporary in nature, with no lasting structural impact on economic growth? My goodness, has he learned absolutely nothing from history, including the relatively short history of his own administration?
Welcome to Cash for Clunkers Part 2: This Time It's Personal. Instead of old cars, the clunkers are now broken down heaps of left wing transfer payment programs and bad tax policies. Same cast; same bad movie.
I'll give Obama credit for one thing, though...he's proving that not all tax cuts are good.
Could somebody please clue him in that once the money for his myriad of ephemeral measures runs out, sustainable economic growth is not the result. Rather, in their wake are the identical inefficiently taxed, over-regulated, and uncertain universe of individuals and businesses—with no real incentives/rewards to take growth-inducing risks, or to believe that the landscape looks less threatening going forward.
Who are the politicians, pundits, and economists who sincerely believe that giving people a little extra money via a payroll tax holiday (almost certainly to buy staples) is going to put us back on the path to prosperity? That's supposed to spur hiring and/or new business formation? Seriously?
Are businesses going to jump at a $4K or $5K tax credit per new hire when the price tag on each of those hires can be 10, 20, 30, or 50 times that amount? Moreover, if businesses can get beyond the high and unpredictable cost (due to uncertain healthcare and regulatory environments) of a new employee, won't they generally be dissuaded by the Obama administration's heretofore chilling effect on risk taking and history of demonizing numerous industries?
What might be most ridiculous, however, is Obama's method of trying to sell the package. He's telling us that each and every item has previously been supported at one time or another by both Democrats and Republicans. Yep, I took an aspirin for a headache a while back. It really didn't work, but I think I'll try that again even though this time I've got a fractured skull.
Obama is the 'give the economy a fish' president. Well, we've run out of damn fish. Time to figure out how to go catch some more.
I'm certain there's a boat load of them over in Comprehensive Tax Reform lake.
Somebody PLEASE get Obama a rod. FAST!
Posted by Chuck Dietrick at 9/9/2011 6:51 PM 
Categories: Deficit, Obama Performance, Big Government, Stimulus, 2012 Campaign, Budget
Categories: Deficit, Obama Performance, Big Government, Stimulus, 2012 Campaign, Budget
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