And now there can be NO question about it.
The Dictator’s REFOCUSING on the economy is nothing but ANOTHER attempt to take taxpayer money and spend it on silly, ineffectual government debacles.
Stimulus 2.0.
Obama has proposed a “GRAND BARGAIN” in which he will graciously lower corporate taxes and, in return…HE will be granted MORE STIMULUS dollars to spend as he sees fit.
The LAST thing we need now, with a national debt rapidly approaching 17 TRILLION dollars, is MORE government spending.
Spending on WHAT exactly?
Oh…The usual Obama suspects…Infrastructure…Manufacturing and Community Colleges because those shovel ready jobs from the FIRST stimulus WEREN’T…BRIDGES are primarily built by GOVERNMENT workers, UNION workers or GOVERNMENT UNION WORKERS and Community Colleges can, with proper government taxpayer assistance, turn out indoctrinated graduates in HALF the amount of time as 4 YEAR colleges.
That’s the exact same line of crap he was shoveling that gave us stimulus 1 and it was a failure.
Last time around we got…
$100,000 IN STIMULUS FUNDS USED FOR A MARTINI BAR & BRAZILIAN STEAKHOUSE in St. Joseph MO.
$390,000 TO STUDY MALT LIQUOR AND MARIJUANA CONSUMPTION at the State University in Buffalo NY.
$210,000 TO STUDY LEARNING PATTERNS OF HONEYBEES at the University of Hawaii.
$1 MILLION TO STUDY ANTS at Arizona State University. They studied the genetic makeup of ants to determine distinctive roles in ant colonies; $450,000 went to the University Of Arizona to study the division of labor in ant colonies.
Must have been a Union study.
$15,551 TO STUDY DRUNK MICE at Florida Atlantic University in Boca Raton.
$219,000 TO STUDY THE SEX LIVES OF FEMALE COLLEGE FRESHMEN at Syracuse University.
A study I did for FREE in the early 1980’s.
$325,394 TO STUDY “MATING DECISIONS” OF CACTUS BUGS at University Of Florida.
Were they FRESHMAN Cactus Bugs???
All of this and so VERY much more absolute waste of taxpayer dollars including HUNDREDS of MILLIONS of OUR money wasted on GREEN ENERGY crap that went bankrupt.
The U.S. Government, which always knows best, “invested” nearly a MILLION dollars of YOUR money to PRISON inmates…$250.00 at a time.
Grand Bargain or BLACKMAIL?
Here’s an idea that Obama has yet to try.
How about reducing the corporate tax rate and doing away with the biggest jobs and economy killer ever instituted by the U.S. government, OBAMACARE and get the hell OUT OF THE WAY while the PRIVATE SECTOR…SMALL BUSINESSES and JOB CREATORS stimulate the economy?
If one needs a case study, one need look no further than Detroit to see what liberal/socialist control and idea will bring to an entire nation.
In fact, the 10 poorest cities in America have ALL been under the liberal/socialist idea thumb for DECADES.
What we have now, in fact, is Obama holding hostage lower corporate tax rates and the ransom to be paid is STIMULUS spending.
This IS Blackmail simple and clear.
There are other problems as well.
The current corporate tax rate is 35% and ranks at the top worldwide. Obama wants to lower it, if and ONLY if the ransom is paid, to 28% BUT…He will ALSO insist that deductions, credits and exemptions are DONE AWAY WITH.
That, in effect, will KEEP the corporate tax rate at 35%-38%.
Where is the plus side for businesses and manufacturers?
THERE ISN’T ONE which means that OBAMA GETS EVERYTHING HE WANTS…A 35%CORPORATE TAX RATE AND MORE OF YOUR MONEY TO SPEND…ANYWAY HE SEES FIT TO SPEND IT!!!
The elimination of deductions, exemptions and credits could, even with a rate of 25%… Result in businesses paying MORE taxes than they do TODAY.
That’s only a bargain of you’re Obama.
What Conservatives need to do is propose a 20% corporate tax rate with the closure of exemptions, deductions and credits thus providing an effective rate of 24%-25% which would allow for business growth and provide an incentive for more businesses to STAY in the U.S. rather than seek greener pastures elsewhere.
Also, Conservatives need to take a page from the Ted Cruz playbook and put forth a continuing resolution that completely defunds Obamacare thus forcing Obama to either sign it or shut down government altogether.
The choice would be SQUARELY on OBAMA and nobody else.
True, the senate wouldn’t pass such a continuing resolution but, with 41 solid conservatives unwilling to bend or surrender, a filibuster could well turn the tide and, let’s not forget the blue dog democrats up for election in 2014.
Are THEY willing to allow a government shutdown over the growing burden of Obamacare?
Are THEY willing to move FORWARD with an Unaffordable Care Act which would have to be administered and enforced by the publically corrupt IRS???
Still think the defunding of Obamacare is too hard a sell to make?
Consider this…
Obama HIMSELF put Obamacare on life support with the delay of the business mandate…A move supported by many liberals in the senate and…The UNIONS are turning against Obamacare because they see THEIR revenues shrinking because of it.
It seems the bigger obstacle to the defunding of Obamacare may well be Republican establishment RINOS in the house and senate.
WE need to let THEM know, in no uncertain terms, that THEY can and WILL be replaced if THEY don’t get onboard with this move.
With Obamacare OUT of the way and a LOWER corporate tax rate, businesses small AND large would be free to expand, grow, hire, invest and plan for the future.
The economy would GROW…Not BECAUSE of Obama, rather…In SPITE of Obama.
Defunding Obamacare would ALSO pave the way for a comprehensive overhaul of ALL tax codes and quite possibly, eliminate the IRS altogether as there would be no further need of the proposed Obamacare ENFORCEMENT wing OF the IRS.
So…In my scenario, what’s in it for Obama? Where’s his stimulus spending cash?
Simple…Give the Dictator “stimulus” money to spend with the direction that it be spent on STARTING THE KEYSTONE XL PIPELINE PROJECT.
Guess what?
There ARE shovel ready jobs THERE.
Yesterday, Obama claimed that the pipeline would only create 50 permanent full time jobs.
The State Department said it would create 42,000 jobs.
I think the truth lies somewhere in between but MUCH closer to 42,000 than 50.
Let’s say…30,050.
Toss in the Keystone XL Pipeline as a way to create jobs and start the process of energy independence and watch the price of a barrel of OPEC drop faster than Felix Baumgardner.
Good LORD…THAT would leave MORE money in the pockets of the MIDDLE CLASS wouldn’t it? That would create MIDDLE CLASS jobs…Wouldn’t it???
What we’re getting is Obama’s “Grand Bargain” of Recycled CRAP.
The solutions are there. Bold and bright. Ripe for the picking.
What’s lacking is the leadership on BOTH sides of the aisle to IMPLEMENT them.
Harry Reid?
John Boehner?
Obama?
Pelosi?
McConnell?
Cantor?
Ryan?
Bigger government and more government spending at the expense of businesses and workers is never going to fix this anemic economy.
Getting government the hell out of the way will.
Very good analysis as usual. Now IF only the numbnuts in DC would heed our voices…