July 9, 2011

There’s no way even “Mr. Hope and Change” can spin his way out of today’s bleak news on the jobs front. Obamanomics – the rapid exapansion of the federal government in terms of size, spending, and regulatory oversight – has been proven a dismal failure, and no amount of finger-pointing, class warfare, or weekend rounds of golf are going to change that growing perception:

The evidence that Obamanomics has failed — long-term unemployment is higher now than at any time in more than 60 years — is overwhelming. Even the White House senses its “stimulus” mantra won’t wash any more. After publicly chuckling that the much-vaunted “shovel-ready jobs weren’t so shovel ready,” [ha-ha!] the president can’t very well maintain that prosperity is just around the corner if only we keep spending ourselves deeper into debt.

Thus, we see two new messages emerging. First, the 1970s-esque acknowledgement that, yes, the economy stinks, but there’s nothing the president or anyone else can do about it. Why? Because there has been a “structural change” in the economy. The moral of this argument: “Get used to 10 percent unemployment, 15 percent underemployment, and bid a fond adieu to the American dream.”

It’s a message of resignation. Yes, it says, we’re doomed for economic decline no matter what, but trust us to manage it more gracefully than anyone else.

So what options are left for Barack Obama and his treasury secretary Tim “Tax Cheat” Geithner? Print more money for another so-called “shovel-ready” stimulus plan? Like, the last one worked so well, right? But that would be a disaster, and while they talk a good game, even they know it’s not an option given the mountain of debt we’re already under. No, they’re stuck and they know it. They gambled all their money and political capital on the big government solution to recession-busting and came up bupkis.

I think it’s time for the grown-ups to take command of the ship.

The only real solution, as Florida Senator Marco Rubio has so aptly puts it, is to create new taxpayers, not new taxes:

To be clear, new revenues are an essential component of any viable debt reduction deal. We can’t simply cut our way out of this debt; we also need to grow our way out of it. The best way to do this is by increasing the number of taxpayers gainfully employed in our economy and by easing burdensome regulations, not by raising taxes.

We can generate lasting economic growth and trillions in new revenues for the federal government through pro-growth tax reform. Sen. Pat Toomey has a budget proposal that lowers top marginal tax rates to 25 percent in a revenue-neutral way and eliminates loopholes and deductions, resulting in $1.5 trillion of additional real growth over the next decade and millions of new private-sector jobs, according to the Heritage Foundation. His budget recognizes that tax cuts and an overhaul of our 70,000 page tax code will create jobs and generate trillions in new revenue.

Net tax increases are poor economic policy. Will raising taxes on manufacturers make it easier for them to hire new workers? Will raising taxes on American energy companies make it easier to create jobs? Will raising taxes on the businesses that Democrats refer to as “millionaires and billionaires” allow those businesses to expand? Across the board, the answer is “no.” Instead, these tax increases will kill jobs in every district, state, and industry in the country. Regardless of the rhetoric coming from Washington politicians, these taxes will also have a mathematically insignificant effect on deficit reduction.

So what’s wrong with that? Too bad the Democrats (who have nothing left in their playbook except class warfare – this year they call it “shared sacrifice” – and tax-and-spend economics), and the Clueless Oneder in the White House (who thinks that reading speeches off of a TelePrompTer, playing the class warfare card, and blaming everyone else but himself for his dismal economic record and failures counts as leadership) won’t listen to reason.

But that’s what makes them Democrats in the first place.

Filed in: Politics & World Events by The Great White Shank at 00:02 | Comments (0)
No Comments »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a comment


goodboys.jpg


Search The Site



Recent Items

Categories

Archives
October 2020
September 2020
August 2020
July 2020
June 2020
May 2020
April 2020
March 2020
February 2020
January 2020
December 2019
November 2019
October 2019
September 2019
August 2019
July 2019
June 2019
May 2019
April 2019
March 2019
February 2019
January 2019
December 2018
November 2018
October 2018
September 2018
August 2018
July 2018
June 2018
May 2018
April 2018
March 2018
February 2018
January 2018
December 2017
November 2017
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006


Blogroll

Syndication

4 Goodboys Only

Site Info