Saturday, September 10, 2011

Obama's Job Speech - or - Failed Stimulus 2

Shot Down In Flames
Obama's "long-awaited" job speech - you know the one he went on vacation before giving it - was really nothing more than what many label as a "Stimulus 2".  Please see here what we thought of Stimulus One.  It's just a hodge-podge of temporary fixes and mild incentives that will not create one single job.  A $4,000 tax credit to hire somebody won't actually hire somebody - not with Obamacare looming and the rest of the economy throttled by uncertainty.  He also asked for more money for a sundry of infrastructure projects - you know the ones that weren't even "shovel ready" the first time around.  More of the same old policies - except this time he said it louder - and asked 27 times to pass his "jobs bill" that doesn't really currently exist.  All in front of an uprecedented full assemblage of Congress. And he didn't say how he would pay for it, but "wait until next week".

In his ever contradictory 20-minute speech, he claimed he was giving tax breaks to companies to hire people and in the next sentence proclaimed he was going to pay for it by raising taxes on those same companies!  He is as incoherant a man as any.  And a fool to think any of this will create jobs.  He could have just said I will start exploring for oil in the US and he would create an enitre industry - but that's not in his vocabulary.  Gimmicks are.  And he's now busy "taking it to the the people".  As clearly stated here, President Obama does not have a clue.  In fact, even the the left is now shaking their heads in disbelief.  It's another case of not Being There.

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