Thursday, September 8, 2011

Obama's SwindleUS Plan IV - Same Old, Same Old

Socialist President Obama already borrowed and spent a trillion dollars, added to the National Debt on his SwindleUS Plans I, II and III that did not restore economic growth, or create any private sector jobs.   Now, the President is proposing that we spend another $450 billion for what will be his SwindleUS Plan IV, which Obama has entitled the American Jobs Act.  And, Obama keeps saying Congresss should pass it "right away" kind of like when they enacted ObamaCare without reading it.   The word Stimulus is no longer in vogue and has been stricken from the political vocabulary by former Speaker of the House Socialist Congresswoman Nancy Pelosi, so of course Obama followed the party line and never used that word in his speech.  

Obama claims that this time there will be no borrowing because he wants to pay for this new SwindleUS Plan by closing corporate loopholes and raising taxes on the "rich" that he typically defines as those earning more than $200,000 a year.    Raising taxes will only take money away from the 50% of the people that pay all the taxes in our country and give it to Obama's PEEP's, those that pay no income taxes at all, those on the dole, public employee union members, illegal aliens and favored industries benefiting from crony capitalism.  This is just a shell game that will result in no net gain, just more redistribution of income. 

Of course, there are all the usual pay-off's and bail-outs in this deal, which is same old, same old.   $25 billion to remodel schools that need remodeling because the teacher unions have bled school districts dry, feeding at the trough for years, making it impossible to properly maintain our public schools.  $35 billion to pay off the teacher unions to prevent the lay off of 280,000 teachers, been there done that, which would not be necessary at all if teachers received compensation and benefits in line with private sector practices, instead of pensions and other benefits that are 20 - 40% greater than typical in the real world.  $175 billion would go to extend the payroll tax holiday for another year, which is nice, but not consequential related to creating jobs in a $14 trillion economy.  

The President also wants to extend unemployment benefits from the current 99 weeks, by another 52 weeks even though many studies show that these extensions are preventing many unemployed people from taking jobs that are "beneath" them.  Normally unemployment benefits are just 26 weeks.   If these extensions were working, we would not have 25 million Americans either unemployed, under employed working part time that want full time work, or who have just given up looking for work altogether.   This is just more people on the dole dependent on government for longer than necessary.   It is just welfare for many of the unemployed that are under educated and lack job skills.   There are 3 million job openings in the US; but specific education and job skills are needed to fill those jobs, which is the reason for these openings.   The private sector often can't find the talent needed to fill these jobs. 

There are various tax incentives for small business, which again are nice; but will do little to create economic growth and jobs.   Small companies do not hire employees because of incentives, particularly because ObamaCare is sitting out there like a job killing anvil pushing more jobs overseas.  Unfortunately, President Obama and his Socialist pals in Congress just do not get it.   Government cannot create economic growth and jobs.  Only the private sector can create economic growth and jobs.    And, as long as Obama's Gestapo's, the Environmental Protection agency, the National Labor Relations Board and other Obama agencies continue to add new regulations by the day that are job killers, any new stimulus plan is a complete waste of money.  Most of these Socialists have never worked in the private sector so they are just plain clueless.  

We need a pro-growth economic plan that includes limited government, lower corporate income taxes,  a balanced budget, the ability to repatriate overseas profits without double taxation, less regulations that are stifling business, tort reform to prevent frivolous lawsuits, reasonable employment practice laws,  preventing the environmental wackos and NLRB from killing jobs and a 50 year energy plan designed to make the United States energy independent.    We need the Reagan economic pro-growth, free market capitalism plan that created 22 million new jobs, not the Roosevelt Socialist New Deal plan that resulted in unemployment that never went below 12% and was often more than 20% from 1932 to 1940.   We also need the Federal Reserve to stop printing money, which is destroying the value of the dollar and causing inflation. 

Socialist President Obama's SwindleUS Plan IV is just the same old, same old gimmicks and just another big government, tax and spend plan that has failed for the last three years and also failed throughout the Great Depression.    Obama is proposing his SwindleUS Plan IV out of desperation for political reasons.   The President knows very well that Congress will not pass this new SwindleUS Plan, "right away" because it will not work.   Obama gave this speech to rally his PEEP's for the 2012 election and nothing more; hence the reason Obama is back out on the campaign trail.    Rather than take responsibility for his failed economic plan, Obama will now attempt to blame Republicans for the job loss in our country when they refuse to enact another failed SwindleUS Plan.   This is all just a big political game and a bunch of baloney.   I would say worse; but I am a gentleman.   Remember, cards talk and numbers don't lie; but Socialists like Obama do lie. 

We have to make Obama a one term President to restore economic growth and job creation in our country.   We will not see a real economic recovery until Obama is gone, assuming we elect a rock solid, common sense Conservative that understands Economics 101.   We need a pro-growth economic plan, not more big government Socialist Schemes.   We have to take back our country in 2012 and 2014.   We can do it.   We must do it to preserve our freedom, our nation and way of life.   President Obama is man in an empty suit who looks and sounds good, but has nothing new to say.   Obama is incompetent and proves every day that he has to go. 

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