President Obama Visits North Carolina, Where His Policies Have Taken a Heavy Toll

ATR ^ | 2011-09-13 | Patrick Gleason

[92nina]

President Obama will be using taxpayer dollars to do what is effectively a campaign event tomorrow in North Carolina, not coincidentally a place which many consider to be a must-win state for him in next year’s election. While in the Tar Heel State, President Obama will be touting his new "Jobs Act," which entails another round of “stimulus, but don’t call it stimulus” spending in excess of $400 billion, mostly funded by tax increases. In a recent column in The Daily, the NRO’s Reihan Salam laid out some good reasons as to why Obama’s new proposal, in addition to being simply more of the same, is the wrong prescription:

On Obama’s proposal to raise taxes on energy companies –
“Incredibly, the president used a jobs speech to make the case against ‘tax loopholes for oil companies.’ To translate this into language we can all understand, the president is calling for increased taxes on drilling new oil and gas wells. This is despite the fact that we’ve only just unlocked vast amounts of domestic shale gas, an energy source that could reduce our dependence on oil imports and spark a jobs boom. If the central problem facing our country is that we have too many blue-collar jobs in the energy sector and that we rely too heavily on domestic energy sources, one could make a strong case for closing these tax loopholes. But if the opposite is true, as I think it is, this is a counterproductive step.”

On Obama’s continuation of class warfare by calling for higher taxes on upper income households...

Read more: http://www.atr.org/president-obama-visits-north-carolina-his-a6447#ixzz1Xxvjx1Cz

[92nina]

In advance of President Obama's visit to North Carolina tomorrow, a quick look at the local impact of his policies and those of his lapdog Gov. Bev Perdue

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