A Spot-On take from Michael Prell... The definition of insanity (hat-tip to Albert Einstein) is doing the same thing over and over and expecting different results. So, what do you call it when a flailing U.S. administration, with a 26% approval rating for its handling of the economy, keeps trotting out the same failed economic policies? Do they honestly expect different results? The government tried to jumpstart the economy with a fiscal stimulus, which didnt work. So they tried a second stimulus, which also didnt work. They tried QE1, which didnt work, so they tried QE2, which also didnt work. Which naturally led them to where they are now: laying the groundwork for a QE3. What do all these Qs and Es mean? The long answer is: quantitative easing. The short answer is: invented money. The real answer is: all these Qs and Es matter far less than the ability to count to 3. If this idea didnt work the first time, and if it didnt work the second time, then why on earth would anyone believe it would work a third time? The Obama administration has tried everything that doesnt work in some cases as many as 10 times all with the same results. At best, America is stuck in a jobless recovery. At worst, America is stuck in a jobless non-recovery, made deeper and more painful by a government that keeps doing all of the things that are proven to not work over and over and over. Like trying to fix Americas debt problem by raising the debt ceiling and incurring even more debt. Which is a failure of leadership that shift the burden of bad choices today onto the backs of our children and grandchildren, as Senator Barack Obama noted back in 2006 when he spoke out against raising the debt ceiling. But that didnt stop Barack Obama, as president, from raising Americas debt ceiling not once, not twice, but three times while in the White House. Why? According to President Obama, If we dont come to an agreement [to raise the debt ceiling a third time], we could lose our countrys AAA credit rating. So, what happened after he came to an agreement to raise the debt ceiling a third time? America immediately lost its AAA credit rating. The presidents laser-like focus on jobs keeps leading him back to tax hikes, even though weve repeatedly seen that higher taxes kill jobs and lower taxes spur job growth. Exhibit A: America in its recent past. Exhibit B: Canada in its more recent past. Exhibit C: Texas, now. Exhibit D: Common sense that tells us that if you want less of something, you tax it more, and if you want more of something, you tax it less. The president also tried to encourage job creation by insulting and demonizing job creators not once, not twice, but six times in one speech alone as greedy fat-cats who fly in hateful corporate jets. Im no Einstein or Harvard law professor. But, unlike President Obama, I have created jobs. And Rule #1 about job creators is: Do not speak ill of job creators. At the very least, try not to hold several nationally televised addresses from the White House to demonize job creators when you want them to save your presidency. This helpful Rule #1 operates under the same basic principle that says: Dont punch a girl in the face if you want her phone number, and dont call half the country hostage takers who cling to guns or religion or send your vice president out to call them terrorists if you want them to re-elect you. Im not saying the president is insane. Im just saying that he keeps doing the same failed things over and over and over again and expecting different results. Read more: http://dailycaller.com/2011/08/26/t...ity-president-obamas-jobs-plan/#ixzz1WRAyt9TI
Everyone already knows what BoBo's 'Jobs' plan will be 1. A speech 2. Bush or the evil republicans did it 3. 'Balance' meaning tax increases 4. New 'investments' meaning spending and vote buying 5. Green nonsense 6. Imaginary numbers and BS 'facts' 7. When it fails, as it will, blame Bush and the republicans and give another speech. 8. Take no responsibility
Return of the WPA?... Infrastructure bank could be part of jobs package Sep 1,`11 WASHINGTON (AP) - A national infrastructure bank that would entice private investors into road and rail projects could be a major part of the jobs package that President Barack Obama hopes will finally bring relief to the unemployed.
Meet the new 'Plan',same as the old 'Plan.' Socialists/Progressives don't have the answers. The people who created this awful mess are not the people who can clean it up. Time to look to 2012 for change.
The definition of insanity is thinking that Obama is doing anything different now than any President has done in the past 70 years. The definition of insanity is trying to do something different with out even being able to mathematically explain how that will be better off for the economy. Now that is insanity!!
Dont forget about the psuedo stimulus packages called tax cuts stemming from reagan to Bush2.. those cost us more than any stimulus package the present idiot has thought up himself... although he did extend the Bush tax cuts.. costing the government another 2-300 billion a year. Trade policy, Securities exchange regulations, Banking regulations all need to be overhauled before any change to tax policy will make any difference in the economical health of this country. In order for those things to be overhauled.. we would need Campaign reform and Lobby regulations.. that will never happen so we are all (*)(*)(*)(*)ed
This President is clearly out of answers. His Left Wing kook followers have painted him into a corner. You can't declare War on "Evil Business" and then expect Job-Creation. The Socialists/Progressives have it all wrong. They're not going to be the ones to clean up this awful mess. Look to 2012 for change. That's the only answer left.
