Daily Rant – February 5, 2010
February 5, 2010
When you and I run out of money in our checking account, we do not write any more checks. But that is exactly what Congress and the President are proposing. I understand that Bush did this too, but he is not president anymore. It was a bad idea then, and it’s a bad idea now. Besides, weren’t Democrats complaining about Bush’s deficit? Where are they now when Obama has the pedal to the metal?
“Oh, but he’s so clean and articulate,” they say, “his intentions are good.” The road to hell is paved with good intentions.
By cutting the budget to a $1.56 trillion deficit this year, liberals are patting themselves on the back for fiscal conservatism. Next year it will be a $1.27 trillion deficit and goes down each year afterward. How is that anything to cheer about? It’s still DEFICIT SPENDING! In fact, about the only place they are cutting is the defense budget… the one place where the constitution gives them authority to spend!
What Obama fails to realize in offering a $5,000 tax incentive to businesses who hire new employees, is that it does not increase jobs that were not already going to be created. It just gives a little kick back to an employer who was already going to hire anyway. Just as most politicians have never been out of the public sector, how would they know this until we business people tell them? Remember, and you business owners out there already know this, companies do not hire people because they get a $5,000 tax break from the government. They hire because they have goods or services that customers want and need and it will help them make a profit. For the most part there is no need to hire people because the economy sucks.
The way to turn things around is for Obama and Congress to give everyone a tax break and reduce regulations, even if it is temporary. The proposal on the table punishes those making over $250,000 with higher taxes. Who in the heck do they think is creating the jobs? It’s sure not that fellow on the corner with the “will work for food” sign. And like I said above, employment won’t come back until the economy comes back. They are tied together.
Everyday I hear liberals on the talk shows saying that government is spending money to boost the economy. Some Florida politician said we need to spend our way to prosperity. How has that been working for those people who go to debt consolidation companies for counseling? It can’t be done. The interest on the borrowed debt alone is staggering. As we’ve pointed out here before, the government can only spend what it taxes or borrows from the private sector. It produces nothing of its own, so like the bucket of water from the swimming pool analogy, taking from one end and dumping it into another does not raise the level of the water.
Liberals have successfully demonized big corporations for years about being greedy. Nobody who agrees with them ever seems to stop and think, “Hey, I work for a big company. If we shut them down, where will my paycheck come from?” Or, “My (father, mother, brother, neighbor, friend, etc.) works for a large corporation. They will be hurt if that company goes out of business.” After all, wasn’t this the reason Obama and the Democrats just had to save the banks or the auto companies? At least, that’s what they said. Now corporations are the bad guys? Besides, most big businesses started as small businesses. Look at HP and Microsoft, for example.
For a solid year this president has been blaming just about everyone he can think of for his failures. Judging by his recent speeches (more than one day so far. Who’s running the white house while he’s out of the oval office? I want to know!) that is not going to end any time soon. At some point, he has to stop blaming Bush and start taking credit for his terrible policies. We warned everyone that this guy was too inexperienced to run the country. Nobody would listen. And if it is not his inexperience that is causing him to make such terrible decisions, I have to think he’s doing it on purpose. It is something I am loathe to consider. Judging by the direction the country is going and the fact that Obama is not changing direction, what else should I think?
- FedUpEditor
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