Posted on 09/10/2011 5:09:42 AM PDT by jacknhoo
The president used the occasion of his address to a joint session of Congress to propose $450 billion in spending and tax cuts, 3 percent of GDP, to bring down the 9.1 percent unemployment rate that threatens his reelection chances. Supporters say the proposalssome new, some a continuation of existing policies due to expirewould create 4 million jobs; opponents note the president hasnt said how he will pay for all of this, and that past such packages have proved a waste of taxpayer money. No matter: There is little chance that the Republican-controlled House of Representatives will pass most of this package.
And Democrats believe this gives them a stick with which to beat Republicans, the real purpose of the presidents speech, according to his critics and, indeed, many neutral observers. To which Republicans respond: If the president wants to reduce unemployment, he should abandon the policies that are destroying jobs. Summoning their inner Churchill, Tea Partiers are prepared to fight the presidents plan for more spending on the beaches of Florida, the hills of crucial Rocky Mountain states, and in the streets of cities in key electoral states.
First among these job destroyers is his pandering to the trade unions. Although union members account for less than 8 percent of the work force, the unions have money and foot soldiers that will be essential to a president who is trying to persuade voters to reelect him in the face of low ratings for economic competence. The Labor Department is investigating home builders to see if they are violating the law regulating hours and pay: most use contractors who employ non-union electricians, carpenters, and plumbers. Nothing like a government investigation to put a CEO in an optimistic, hiring frame of mind.
(Excerpt) Read more at weeklystandard.com ...
We shouldn't be fooled, for one instance, about the progress we're making under the guidance of both of the major political parties in the U.S. - the truth is, we have been fools for generations.
What is the average flying speed of a swallow?
Never before have I had trouble finding a job.
Can we change it back now? Unemployed since zero took office.
With or without coconut?
Thou Freepers shalt not disparage Sir Wee Wee of Nairobi, Lord
Booby of Rats, Varlet to Teleprompter, Defender of the Sacred
Libtard Screed, Sire to the Royal Wookie, and Wearer of the Garter.
“opponents note the president hasnt said how he will pay for all of this, and that past such packages have proved a waste of taxpayer money”
Didn’t he mention that he would release some of the details on how he would pay for it in 10 days or so but that Congress must pass the bill now? What a jerK!!
Gosh all this gnashing of teeth and all Barry’s trying to do is launder some money for union payoffs and his 2012 campaign. How hard can it be to grasp that.
Here’s a clue ‘Bammy...
Warren Harding figured it out in 1920...
Congress and the Executive Branch have lots to do.
So far theyre not doin it right..
Harding cut the governments budget nearly in half between 1920 and 1922. The rest of Hardings approach was equally laissez-faire. Tax rates were slashed for all income groups. The national debt was reduced by one-third. The Federal Reserves activity, moreover, was hardly noticeable. As one economic historian puts it, Despite the severity of the contraction, the Fed did not move to use its powers to turn the money supply around and fight the contraction. 2 By the late summer of 1921, signs of recovery were already visible. The following year, unemployment was back down to 6.7 percent and was only 2.4 percent by 1923.
http://www.firstprinciplesjournal.com/articles.aspx?article=1319&loc=r
BTW..ole Warren ALSO fixed immigration...
Mr. Harding signed into law the Emergency Quota Act[3] which sought to control immigration following World War I and preserve the distinctive American culture by ensuring the majority of immigrants came from the historically compatible cultures of Northern Europe. This law aimed to bring wages of hard working Americans under control by limiting immigration to 3% of the 1910 census. It was followed on by a similar act in 1924, after Mr. Hardings death.[4]
A Warren Harding prescription...if filled ...would ignite the afterburners on the US job machine and the economy. However DC would have to yield on a tremendous amount of power. Our job as We the People...is to persuade them of the utility ..shall we say..of doing so. In all probability the same minds that made the mess...arent capable of the solution however.
BTW any takers that Bammy couldnt even tell you that Warren Harding was one of his predecessors in office?
Even more telling about what our betters in the RinoCracy think of a Constitutional President..
http://www.usnews.com/listings/worst-presidents/warren-harding
Nobody has commented on one feature of his speach hat I found so mind boggling that I just left the room and didn’t bother with the rest of it.
He carried on about failing infrastructure. We expected that. But, then he launched into the need for better education. He carried on about “crumbling classrooms”. Then, he proposed rebuilding and modernizing classrooms, thereby providing jobs for additional teachers. Huh? The teachers are currently teaching in the outdated classrooms. Refurbishing the classrooms won’t create NEW jobs for teachers. Just a fresh environment. I’d wager not one new job would be created by modernizing classrooms and schools — unless it is a job for a remodeler, Certainly not a teacher.
But, I have not heard one commentator point out that hole in his economic plan.
Crumbling roads and bridges are repaired by union workers.
His whole speech was about funding more union workers.
-PJ
$100 Billion to Education in Obama’s Stimulus Package
http://www.edutopia.org/economic-stimulus-education-school-budget
Bingo...we have a winner....
Go back a few years for all the sob stories about "leaky school roofs"...no bathrooms".....no "science facilities"..."fire house crumbling"......etc etc...
and you find all sorts of bond initiatives to address these issues...
Take a look at your property tax bill...
enough is enough
Stop the Spending NOW.
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