Memo To Obama: The Best Thing You Can Do For The Economy Now Is Keep Your Mouth Shut
This isn’t helping, Barry:
Now, I know that Obama is a liberal and that liberals think government fixes everything. I know that Obama, in his recent address to a joint session of Congress, said that he “rejects” the idea that the government should do nothing in the current economic crisis. And, frankly, I reject that notion too. I think there are things the government can do to help the economy recover.
But I would argue that what Obama is doing is worse than doing nothing.
Because what has he done to date? He’s promised big new taxes for people who already pay the most in taxes. He’s promised more regulation of our nation’s industries that company’s must pay dearly out of their own pockets to comply with. He’s spent and spent and spent with a “stimulus” program he claims will create jobs, but is really just going to create more government that must inevitably be supported by more tax dollars on the state and federal levels. And those taxes will be paid by the same people who are supposed to be creating the jobs. What’s more, despite his claims to the contrary, Obama’s budgeting is going to create big new deficits that will further fuel our already flaming national debt.
Debt that will, at some point, have to be paid off. With even more taxes. And we’re not done with the taxes yet either. Obama wants big new taxes on the energy industry. Meaning, despite his read-my-lips-esque promise not to raise taxes on any American making less than $250,000/year, we’re all be paying for his new taxes on the energy industry when we get our fuel and power bills.
What Obama could have done is unburden our economy by cutting taxes. He could have made government less of a burden on the people who actually create jobs in this country (business owners). But he didn’t. Instead he all but declared war on those people, promising to make their lives miserable with big new taxes and expanded regulations.
So yes, if Barack Obama would just stop – if he’d promise not to raise taxes any further at all – we’d likely see the stock market stop its plunge and level off. We’d likely see more investor and consumer confidence. We’d likely see a healthier economy all the way around.
But we’re not going to do that. Because Barack Obama is so arrogant as to literally think that he, and not all the people who go to work and invest and start businesses and employ other people, is our national economy’s savior. Tags: Asshats, Domestic Issues, Economy, Politics
