Obama's New Economic Plan Will Be More Of The Same
By Carole on Sep 2, 2010
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President Barack Obama will speak tomorrow on the August unemployment numbers (expected to be bad) and has scheduled two big speeches next week that will focus on the economy. In other words more false claims of recovery, more finger pointing, more threats of higher deficit spending and higher taxes and more empty promises.
Continued...
With the president's party facing a potentially catastrophic Election Day in November, there is precious little time for Mr. Obama and his congressional accomplices to con voters into believing they can accomplish in 60 days what they've been unable and unwilling to do in over a year and a half. But it looks like the Campaigner-in-Chief is going to try. Senior White House aides have confirmed that the president recently asked his economic team to come up with various proposals he could roll out to show the nation that he’s working hard to jump-start the economy. (source) But don't expect more than the usual partisan blame, proposed deficit spending and class warfare baiting.
In comments on Monday, Mr. Obama may have given us a sneak peek at the upcoming speeches when he said ""My economic team is hard at work in identifying additional measures that could make a difference in both promoting growth and hiring in the short term, and increasing our economy's competitiveness in the long term. Steps like extending the tax cuts for the middle class that are set to expire this year. Redoubling our investment in clean energy and R & D. Rebuilding more of our infrastructure for the future. Further tax cuts to encourage businesses to put their capital to work creating jobs here in the United States."
Translation: Letting the Bush tax cuts for those who actually create jobs expire, pushing unaffordable energy legislation under the guise of being "green", spending more non-stimulating stimulus dollars and attaching small tax cuts to legislation that would create a $30 billion government-run fund to deliver cheap capital to community banks. In short, more taxpayer dollars for pet projects and institutions, more debt for businesses and individuals, a higher deficit for future generations and of course, no new jobs.
Meanwhile the president's cronies in organized labor are calling for a second stimulus bill. AFL-CIO President Richard Trumka said this morning that Congress needs to approve a second stimulus program and allow former President George W. Bush's tax cuts to expire at the end of this year as scheduled. "Our fear [is] that people in government will begin to pull back too quickly, and threaten the recovery," Mr. Trumka said. "They have begun to pull back too quickly, not necessarily voluntarily, but because of the [partisanship] that we see up in the House, so the recovery right now is in jeopardy." (source)
Translation: Organized labor would prefer that the president and the Democratic Congressional majority continue to ignore the American people and keep pushing through obscenely expensive and hugely unpopular legislation that favors the power players within organized labor.
White House spokeswoman Amy Brundage responded to second stimulus speculation by saying, "The options under consideration build on measures the president has previously proposed, and we are not considering a second stimulus package. The president and his team are discussing several options, as they have been for months, and no final decisions have been made." (source) Not considering doesn't really mean out of the realm of possibility, does it? And "no final decisions have been made" doesn't give any assurances that the administration won't just continue its under achievement via over spending ways.
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