More jobs lost; fewer mortgages written; National debt explodes.
Yes, I repeat myself. In this day and age, do people even get the "broken record" metaphor?
But seriously, this country needs to come to the realization that this stimulus ain't happenin'. We are witness to the 1930s redux. The American Left is as enamoured of FDR as the Right is of Reagan, and so today's Left is making all the same mistakes that FDR made. The scary part is that we've barely broken the seal on the Great Recession, but FDR's Great Depression ran nearly an entire decade. It's clear from history that FDR's actions during the 1930s did little to cure the Depression, and in many cases, made things worse.
And, yet, Obama is following the same path. And paving it!!
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Showing posts with label obama. Show all posts
Showing posts with label obama. Show all posts
Wednesday, July 1, 2009
Thursday, June 25, 2009
A Duty to Die... Revisited
Years ago, they called Colorado Governor Dick Lamm, "Governor Death."
Lamm had the temerity to tell the elderly they had a "duty to die" to mitigate excessive health care costs for the rest of society. A highly debatable position to take, and not helped by Lamm's blunt delivery.
Now, years later, President Obama is echoing Lamm's controversial sentiments.
Will this position be as reviled as Lamm's was? There is really not much difference between Lamm's statements and Obama's, except Obama is smooth!
This is what we have to look forward to in American health care under Obama. We have become accustomed to our doctors taking heroic measures to save and extend lives. Undoubtedly, these heroic measures are a key contributor to the high costs in our overall health care system. But, how will Americans react when the doctors can no longer do "whatever it takes"?
How can anyone doubt that lowering costs in health care will also lower the level of care delivered?
Lamm had the temerity to tell the elderly they had a "duty to die" to mitigate excessive health care costs for the rest of society. A highly debatable position to take, and not helped by Lamm's blunt delivery.
Now, years later, President Obama is echoing Lamm's controversial sentiments.
Will this position be as reviled as Lamm's was? There is really not much difference between Lamm's statements and Obama's, except Obama is smooth!
This is what we have to look forward to in American health care under Obama. We have become accustomed to our doctors taking heroic measures to save and extend lives. Undoubtedly, these heroic measures are a key contributor to the high costs in our overall health care system. But, how will Americans react when the doctors can no longer do "whatever it takes"?
How can anyone doubt that lowering costs in health care will also lower the level of care delivered?
Tuesday, June 9, 2009
Reality smacks Obama in the face
Well, okay... not REALLY!
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Oh, this is FANTASTIC!
Obama demands "pay-as-you-go," unless it's for his pet project, in which case, massive deficit spending is A-OK!!!
Seriously, why does anyone listen to this guy???
Seriously, why does anyone listen to this guy???
Monday, June 8, 2009
Sunday, June 7, 2009
Unemployment: The Good, The Bad and the UGLY
The Atlantic shows there is good and bad in the latest unemployment numbers. There is also really scary if trends don't change.
A stimulus plan that would actually stimulate
If I were king...
Oh, if only.
These days, we have to ask ourselves, what really are we trying to stimulate? "The Economy"? That seems awfully nebulous to those of us out beyond The Beltway. No, what the government should be stimulating in employment. The main reason for the lack of consumer spending over the past several months is job insecurity. Why in the world would anybody spend anything in an environment of contracting incomes, and the very real potential of job loss.
Obama's plan has clearly done very little to stimulate job growth (courtesy Gateway pundit), despite his promises. Now reaching over 9%, it is more than a point higher than the Administration predicted when his stimulus package was signed into law. "Accelerate the stimulus," answers Joe Biden.
My answer: The really simple one. If you want to stimulate jobs, then stimulate actual employers. Companies big and small in America must be incentivized to hire new workers. And how best to do that? Yeah, you know! Cut taxes on employers, cut payroll taxes... if I were king, I would do whatever it takes to drive corporate income taxes to zero. After all, companies don't pay income taxes, their customers do. Taxation is just another cost of doing business, costs which, by necessity, must be passed on to the customer, the consumer... to you and me!
The Left would argue that we can increase taxes with mandates that the increased cost of taxation not be passed on to consumers, by law if necessary. But what does that accomplish, if it could be realistically done? It reduces profitability... and therefore reduces share prices... and therefore hammers people in their 401k's and mutual funds. Nice.
Obama is hunting where ever he can to increase tax collections from corporations. But you see where this leads. Higher prices and/or lower stock markets.
They should have elected me king.
Oh, if only.
These days, we have to ask ourselves, what really are we trying to stimulate? "The Economy"? That seems awfully nebulous to those of us out beyond The Beltway. No, what the government should be stimulating in employment. The main reason for the lack of consumer spending over the past several months is job insecurity. Why in the world would anybody spend anything in an environment of contracting incomes, and the very real potential of job loss.
Obama's plan has clearly done very little to stimulate job growth (courtesy Gateway pundit), despite his promises. Now reaching over 9%, it is more than a point higher than the Administration predicted when his stimulus package was signed into law. "Accelerate the stimulus," answers Joe Biden.
My answer: The really simple one. If you want to stimulate jobs, then stimulate actual employers. Companies big and small in America must be incentivized to hire new workers. And how best to do that? Yeah, you know! Cut taxes on employers, cut payroll taxes... if I were king, I would do whatever it takes to drive corporate income taxes to zero. After all, companies don't pay income taxes, their customers do. Taxation is just another cost of doing business, costs which, by necessity, must be passed on to the customer, the consumer... to you and me!
The Left would argue that we can increase taxes with mandates that the increased cost of taxation not be passed on to consumers, by law if necessary. But what does that accomplish, if it could be realistically done? It reduces profitability... and therefore reduces share prices... and therefore hammers people in their 401k's and mutual funds. Nice.
Obama is hunting where ever he can to increase tax collections from corporations. But you see where this leads. Higher prices and/or lower stock markets.
They should have elected me king.
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