Re: Obama's Big Mess Of A Jobs Plan :: Political News and commentaries

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September 19, 2011

Re: Obama's Big Mess Of A Jobs Plan

A couple of days ago, Mark Steyn succinctly labeled Obama's jobs plan, writing, "There is no bill, it won't "create" any jobs, and it will be paid for with money we don't have.

Nothing changed today. No wonder no one's buying it or believes it to be anything other than campaigning, and even the liberal media see it for what it is ... a pathetic attempt to impress his Democratic base with his "leadership" when in fact he has none.

Hell, even ABC NEWS' Jonathan Karl says there's nothing new about his plan and that "The toughest critics of President Obama right now are Democrats in the Senate and in the House. He has completely lost the support up there. They think he doesn't know what he is doing."

Clearly Karl and the Democrats have finally managed to get something exactly right - Obama hasn't the slightest clue about what he's doing.

In his "Statement on the President's Debt Plan," Speaker Boehner perfectly summed up the likely effects of Obama's plan in a nutshell:

... The President's proposal would raise taxes on both small businesses and on private capital, which is the essential ingredient for job creation in our economy. By declining to support structural improvements to strengthen our entitlement programs, the President has chosen to ignore the warnings about our debt crisis sent by the markets in August -- leaving Americans exposed to the possibility of further downgrades that will further damage confidence and make it harder for our economy to grow and create jobs.

Meanwhile, Jim Geraghty puts Obama's stance on raising taxes on the verge of a recession into an enlightening perspective:

Barack Obama, August 5, 2009:
The last thing you want to do is to raise taxes in the middle of a recession because that would just suck up -- take more demand out of the economy and put businesses in a further hole.
The news, Friday:
Economists see a one in three chance the U.S. will slip into recession over the next twelve months and doubt any steps the Federal Reserve might take at its meeting next week can change that.
The news, today:
President Barack Obama called for $1.5 trillion in tax increases over the next decade, largely targeting the wealthy, to help trim the deficit, saying U.S. prosperity depends on paying down the federal debt.

As for why the White House wants to raise taxes during a recession, Ira Stoll suggests that Mr. Obama may want to ask himself why he keeps having to reassure Americans that he's not engaging in class warfare and that he doesn't want to punish success.

Posted by Richard at September 19, 2011 8:07 AM

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