So many are hurting, losing employment, losing their businesses, helpless as their dreams, and lives, are crushed, as we slowly sink into another recession. Recovery!? More like permanent decline.
You are not helpless. You can end this misery and idiocy on November 6. Help save the dreams of a great nation. Rescue America 2012!
Saturday, October 27, 2012
Help Save the Dreams of a Great Nation
Saturday, July 21, 2012
Obama: 'If You've Got a Business — You Didn't Build That. Somebody Else Made That Happen'
So insulting…that a president would demean success…the very people that pay taxes to keep his corrupt, government waste machine running. The government would not exist without them. Government services would not exist without taxpayers. Infrastructure would not exist without taxpayers. Taxpayers pay for and build infrastructure. A lot of it contracted out to private sector business.
Obviously we all have help, we are all in this together, but he has no idea how much work and long hours it can take to develop an idea, and start and build a business. Many dreamers fail a few times before they succeed. Others work a full time job and then work after hours to plan and build their idea. Once you have your business running it often takes long hours, including weekends, to keep it going. Often there are no vacations for you or your family. Sometimes after a small business has several employees, the owner may make less and be paid last. If there is not enough for payroll that week, they may have to put their paycheck aside until there is enough in the bank to cover it. It can be a real struggle to build a successful business. These days it is often not worth it. In fact, because of Obama's economic policies, more small businesses are going out of business than are being created. There will never be a recovery as long as this continues. Small businesses create the jobs that fuel a recovery and Obama's economic policies decimate small businesses.
Everyone who pays taxes is already paying for government services. They are also paying to fund the corrupt government waste machine. They pay for the good and the bad. They don’t owe anything more back to government. They’ve paid taxes and fees all their working lives. They will continue to pay taxes and fees until they die. Even after they die the government takes a sizable chunk of whatever they have. In 2013 the ‘death tax’ will jump to fifty percent. These days one has to overcome the hardships placed on them by government to become successful. Government has its hands out and takes at every level. Excessive regulations are hidden taxes, unnecessarily increasing the cost of doing business. Not only did the entrepreneur build their business, create jobs, wealth and prosperity for themselves and others, but they also pay for the roads, bridges, school teachers, fire fighters and everything else. This should be encouraged and celebrated not denigrated and punished.
Most people want to give back, so they fund charities and help in other ways including funding venture groups that help others start-up their businesses or venture capital firms that help failing businesses. It would be poor judgment, and a waste of your money to pay more to a government that would waste it. If you want to help others, give money or time to charity not government. Maybe start a charity or a foundation of your own. The free-market people of the United States of America spend their money a thousand times better and more efficiently than corrupt and incompetent politicians. Until they cut corruption, spending and balance the budget they don't deserve our money. Everyone must pay the least amount possible and whatever you do, never vote for a politician who would raise taxes on anyone. We must hold them accountable. One great benefit of cutting government spending and keeping taxes low is that the economy will actually grow and recover. This will drastically lower the number of people who 'need' government handouts. Why give your hard earned money to a government that not only hurts you and others but makes it more difficult for everyone to succeed?
Does Obama despise business, success, the American dream? This would explain why his policies are not helping you grow your business. In fact his policies are punishing individuals, entrepreneurs and businesses. Individuals, entrepreneurs and businesses are the job creators. They create the wealth that keeps America growing.
To all the young people out there just starting out, anyone out there toiling away, you may have an idea, a dream and you are ready to take the next step and turn it into a service, a business. Obama and this administration do not have your back! In fact, they are out there denigrating you, criticizing success. They are trying to make you a victim, held down, content to live off of whatever they think you deserve. Are they trying to make it a stigma to be a prosperous citizen, to turn the rest of America against you? Is it now heroic to be a victim, heroic to NOT be a contributing member of society? Is this the America we have become?
It is not too late! Rescue America 2012!
Excellent Must Read Articles Below.
Small Business Success without Government Help
The dedication of small business owners. Must Read!
Private Businessman Responds to Obama Re: Creating Business
Small Businesses Slam Obama For 'You Didn't Build That' Comment
Small Businesses, Big Sacrifices
You didn't build it, Mr. President, but you can destroy it
Government Plays Big Role in Business, Just Not How Obama Meant It
Obama to American business: You're welcome
Must Read! Also, Barry Kearns, Bill Huber and Niall made excellent comments to this article. Read Them.
'You Didn't Build That!'...Oh Yeah?
...the federal government did everything it could to prevent the Golden Gate from being built. ...the personal wealth of A.P. Giannini — came to the rescue. Must Read!
Presiding over a Nation with No 'Class'
...outrage rippled through the nation as middle class business owners suddenly realized they are 'the rich'.
Business Owners Hit Back at Obama in 'I Built This' Video
72% Believe Small Business Owners Primarily Responsible for Their Own Success
'Oh Yes We Did': 3 of 4 Americans Believe Small Business Owners Did It Themselves--Rasmussen
If It's So Easy to Run a Business on Leftist Principles, Why Don't Leftists Do It?
Who Really Invented the Internet?
Refuting Obama: The Story of Henry Ford
Obama 'Didn't Build That': Hawaii Residents Were Forced to Build Their Own Road in 2009
Deconstructing the American Dream
Obama shows he's clueless about small business
More Big Government Shilling in Obama's 'You Didn't Build That' Speech
Obama Obliterates The American Dream
Obama - 'If you've got a business -- you didn't build that. Somebody else made that happen'
Obama: "If you've got a business — you didn't build that. Somebody else made that happen."
President Obama: 'If You've Got a Business — You Didn't Build That. Somebody Else Made That Happen'
Krauthammer on Obama's Political Philosophy
'He Is Mocking People': Krauthammer Takes on the 'You Didn't Build That' Philosophy
Obama: Banks Must Be Regulated Because They Make Profits
Obama channels Elizabeth Warren
'You Didn’t Build It' Illustrates the Liberal Collective's Dreams and Tactics
Obama - 'If you've got a business -- you didn't build that. Somebody else made that happen'
Big Networks/CNN Finally Notice Obama's 'You Didn't Build That' Remarks
Explaining Obama's Ressentiment
New Romney Web Ad: Whose Hands Built These Companies?
New Romney Web Video Highlights Small Business in Swing State
Obama Ad Knocks Romney For Accurately Quoting Obama
Obama Ad Accuses Romney of 'Launching a False Attack' for Quoting Obama
This blog is full of resources that show how this has worked throughout history and resources that explain these economic principles.
A comprehensive list of Must Read Articles on Unemployment
A comprehensive list of Must Read Articles on Economics
A comprehensive list of Must Read Articles on Taxes
Saturday, March 3, 2012
The Obama Administration and the Left Demonstrate Why Obamacare Must Be Repealed
The statists of the left and the Obama administration are demonstrating why Obamacare is unconstitutional and must be repealed. This must be done to protect the American people from their and other’s power hungry tyranny.
It is absurd that someone would even have the thought process that others (taxpayers) need to pay for their birth control. It is absurd that anyone would ask American taxpayers to pay to provide for their sexual activities. It is absurd that someone would go bankrupt because they are having so much sex. Please! If that is true, then they need financial management classes and they need to learn personal responsibility. Most people have the ability and common sense to change their personal behavior in order to avoid bankruptcy.
Representative Pelosi and others that exhibit laughably ridiculous behavior do not deserve to serve the people. Keep it up. Keep showing us who you really are. You will not be in office much longer. You will be laughed right out of office. You are denigrating and using women for political gain.
Why does the 'left' keep injecting us into their bedrooms? We do not want to be there! Stop screwing the taxpayer! Take responsibility for your own lives! Taxpayers should not have anything to do with others’ private lives. They are asking us to take away their freedom! They are asking government to control their lives! This is sad and pathetic.
This is a made up 'crisis' to divert attention from President Obama's economy and to subvert the Constitution. No one seeks to or is denying anyone access to birth control. There are programs available to provide birth control without a federal mandate. The only entity seeking to give the federal government and the President the power to dictate or ban anything is the left. Obamacare gives the federal government and the President this power. The federal government and any future president will have the power to dictate or ban contraceptives or anything else, for that matter, once they have successfully usurped the Constitution. Do we want the federal government or a president in our homes and bodies? I say, definitely not!
The only threat to your freedom or your birth control pills or whatever else is the Obama administration and the "left"!
America, do not buy into their insanity! It is absurd! It is based on false premises and lies! People have a choice. We are not entitled. We must be responsible for our own actions and choices, not taxpayers. We should be proud to pay our own way and not take handouts from taxpayers. Taxpayers should not be forced to pay for the sexual activities of law students at Georgetown University or anyone else. There are cheap and even free contraceptives available. If a person is not able to find these options and resources, they have no business becoming a lawyer!
If you really cannot afford contraceptives, then your best solution is to vote President Obama out of office in 2012. It’s Obamanomics, stupid! I would suspect most people have food and gas as a higher priority since most people have access to free contraceptives.
The solution to this faux "crisis" is to get the economy going. There are some steps the American people must take for this to happen. Fire the Obama administration in 2012, repeal Obamacare, cut government spending 'across the board', cut oppressive federal, state and local regulations and lower/simplify taxes. The economy will soon recover, jobs will come back, unemployment will drop, wages will increase, and people will find employment or make their own opportunities. You will then be able to afford contraceptives. More importantly you will be able to afford food, gas and a place to live. You will be able to control your own life.
There is also the First Amendment and the moral issue of the state forcing, against its or their will, a church or private citizens to pay and provide for something that is against its or their church doctrine or conscience.
There is also the moral issue of the state forcing taxpayers to pay or provide for something that increases the risk of breast cancer. These things should be left to the individual to choose what is right for them.
Your insurance should provide for 'birth control' prescribed for a medical condition by a doctor. Tax payers should not pay or be involved in health insurance. This should only be between the patient and doctor.
If this issue really burdens you then start and/or fund some charities or businesses to supply free contraceptives to all. Do this in the private sector where your idea can also create opportunities, jobs or wealth for others.
Why does almost every "solution" from the Obama administration and the left make "the problem" and everything worse? Why must the statists’ solutions to every "problem" or "crisis", made up or real, trample the Constitution and take away our freedom? In the end, the statist's "solutions" end up hurting everyone. Rescue America 2012!
The excellent sources below go into greater detail, some from those that have and do attend Georgetown University.
This blog is full of resources that show how this has worked throughout history and resources that explain these economic principles.
The Five: Sandra Fluke vs. Chick-fil-A Employee
Overreach: Obamacare vs. the Constitution - Charles Krauthammer
WSJ: The Fluke Distraction - James Taranto
WSJ: The War on Fertility - James Taranto
WSJ: Limbaugh and Our Phony Contraception Debate - Cathy Ruse
Apology, Ashmology: Rush Is Still Right - AWR Hawkins
Sandra Fluke Does Not Speak for Me - Angela Morabito
IBT: Sandra Fluke is Wrong in Contraceptive Debacle - Kayleigh McEnany
Shocking Video! Contraceptives Obtained Without Federal Mandate! - Eric Scheiner
Sandra Fluke’s choices - Ekulf Ardnas
Sebelius: Decrease in Human Beings Will Cover Cost of Contraception Mandate - Fred Lucas
GOP: Dems 'played games' over Sandra Fluke - Byron York
Exposed: Sandra Fluke’s Appearance Is No Fluke
Sandra Fluke: A Fake Victim of Georgetown’s Policy on Contraceptives? - Metheos Holt
Freedom and Health Care Reform (Previous Post)A comprehensive list of Must Read Articles on Health Care Reform
Saturday, October 29, 2011
'Occupy' Government
It is really sad and tragic that after almost four years this still has to be said. That after almost four years many people still do not know the true story behind the financial crisis. Do you not see America? Do not be misled by the politicians, political folk and the media who continue to hide the truth about the financial crisis and the resulting recession.
Government and ill-conceived regulations caused the financial collapse and the resulting recession. Most mortgage lenders would never have taken this amount of risk if government had not taken that risk away. That is the reason why government became involved in the first place. Government not only lowered lending standards but they set the quotas via the 'Community Reinvestment Act', for giving bad loans. When lending institutions did not meet these quotas they lowered the lending standards even more through Fannie Mae and Freddie Mac. Mortgage backed securities (MBS) were devised to satisfy the ever increasing demands of government. Government through Fannie Mae and Freddie Mac bought the bad debt from the lending institutions. They then bundled the bad debt into MBS to trade, thus spreading the toxicity throughout the system. Through its incompetence government took all the bad lending risk away. What is worse is that so called 'community organizers' went in and coerced many lending institutions to do this. The people they thought they were helping ended up losing their homes. Everyone is paying for this massive government incompetence and corruption. The tragic thing is many of the same people who were intimately involved in this giant scam, Barney Frank to name just one, are still in government. They should have been thrown out long ago. Many politicians were corrupt, they ignored the problems, they covered up the problems and they quieted the regulators that warned of impending problems.
What may be an even greater tragedy is that Chris Dodd and Barney Frank designed the financial bill that was supposed to fix this. It is ironic that the clueless and/or incompetent politicians passed a bill that is supposed to fix the problem they do not even think they created. The Dodd/Frank financial bill just institutionalizes the problems that created the financial crisis and 'too big to fail' which will ensure more bailouts. The little guy is already seeing the bad results of this bill. Debit cards are more expensive. It will get worse.
The government through the FHA, Fannie Mae and Freddie Mac, who by the way, we the taxpayer continue to bail out, are still giving out bad loans. Government continues the stupidity.
So yes, it is sad and unbelievable that this has to be said. The 'Occupy' protesters are occupying the wrong location. They should be occupying government. It is even more sad and tragic that those that know better are misleading the occupiers.
This will continue to happen until we all know the truth. Only then can we ensure this never happens again.
Unless your agenda is to destroy the system, the solution is not giving millions of people something they cannot afford thereby destroying the whole system and everyone in it. The solution is to ensure everyone has the opportunity and tools to be able to afford a home. They will also be able to create jobs and wealth for others to have the same opportunities they had.
The excellent resources below go into greater detail.
The Financial Crisis: Is Anyone Telling Us the Truth? (Previous Post)
Smoking-Gun Document Ties Govt Policy To Housing Crisis
Making Homes Affordable Makes Others Poor
Shocking YouTube Video showing Housing Scandal Cover-up That Led to our Economic Crisis
Barney Frank in 2005: What Housing Bubble?
Bush, McCain warned of Fannie & Freddie problems, tried to fix, Barney Frank helped block & cover up
A list of Must Read Articles on the Financial Crisis
If you want to understand the financial crisis, you must see this FNC Special Investigation: Saving Our Economy - What's Next? (Hulu)
Monday, August 17, 2009
Freedom and Health Care Reform
In a society founded on individual freedom, most of the health care plans currently in Congress should not even be an option. If we have a shred of decency, most of the bills being worked on in Congress will be tossed out and reforms based on the individual freedoms our country was founded on will be devised. Most of the bills in Congress will do exactly what they claim will happen if things are not fixed, except it will happen even faster. There are very few people who say nothing should be done. Do not buy into that straw man argument.
Many jobless Americans would rather have the economy be the number one priority. This does not diminish the health care problems. But first show you can help the economy or at least not make it worse. A growing, healthy economy will alleviate many health care problems. Believe me there are many people and small businesses that are sitting back waiting for fear that cap & trade, all the taxes being talked about to pay for ObamaCare, the health coverage penalty taxes, surtaxes and others will be enacted. This uncertainty will keep jobs from being created and keep the recovery from happening. Many businesses have done all the cuts they can do. Some still offer their employees health insurance, especially those that have found the high-deductible variety with an HSA. Cap & tax, other taxes and the current health care bills in congress, with their included massive tax increases, will cause layoffs and most likely put many out of business, even if they dump health care onto a public option. There are so many in this situation. Small business should be fueling the recovery. Instead they are struggling. This is a bad sign for a recovery.
Many have read the bills that are in Congress and they have deemed them to be disastrous. Yes, many of the claims are exaggerated, however, those writing the bills and those who advise the President have said publicly they want a single-payer system. Those who devised the public option admit publicly that it was designed as the first step to a government-run single-payer system, and even the President has publicly said several times in the past he is in favor of a single-payer system. These facts just make people uneasy and wary of what is in the bills. The ideas the President’s advisers espouse and the fact that he would surround himself with these advisers is troubling. These ideas may be watered down or taken out of the bills. But I believe they should not be advising on something this personal. The bills in Congress have many aspects i.e. taxes, employer taxes and penalty fees, surtaxes, coverage mandates in the exchange and many other things in HR 3200 that will cause many to be dumped onto a public option or co-op if it is available.
Mandates will just raise health care costs. These bills do not address high costs; they just build on the problems without fixing them. Even a deficit neutral ObamaCare plan would cost more. Higher taxes would only pay for part of the trillions in cost. Costs would skyrocket year after year, like Medicare, Medicaid and other government entitlements, because these plans do not address the high costs, they just build on these crumbling foundations. If you have to raise taxes to pay for health care, you are not saving any money; you are making it more costly. The plans in Congress spend trillions and raise taxes, yet they still leave 17-34 million uninsured. This is not a good investment, especially considering it will slow the economy and lower the quality of health care.
You cannot dismiss the plans that are in congress just because they are a work in progress. They are similar and they represent the direction those in congress wish to go. Do not allow yourself to be deceived. Do not dismiss anything until you have vetted it out. Just because you hear it on TV does not make it true. In fact, those pushing the reforms in Congress and sometimes even the President have made wild claims.
Don’t forget the original plan was to get a bill done before the August break. Which means a bill similar to the House HR 3200, Baucus or Kennedy plans would have been voted on with an included public option. One could say that is what they really want. This is far too important for that amount of speed and deception. The American people should have been included from the beginning. That has added to the distrust and related falling poll numbers of Congress, the President and the current health care plans. This has added to the frustration that is now being released at town hall meetings across the country.
The framework for a panel to curb costs and build guidelines for treatments for doctors to follow has already been set up in the stimulus bill and it is in HR 3200. In medicine there is no one size fits all. Everyone is different, everyone responds differently to various treatments. The same form of cancer, for instance, responds differently to the same treatment from patient to patient. Sometimes there has to be fine-tuning or a combination of treatments. If certain treatments are mandated and others are deemed too expensive or take too long to be certified, many patients will not receive the care they deserve. A centralized panel would lower the standard of care. A panel or bureaucracy making these decisions would by their nature arbitrarily discriminate against some, with no recourse for the patient. For those who think health care is a right, this would infringe on that right. In any case, with real reforms there is no need for a panel to curb costs.
Rationing already happens in Oregon, MA (just started because of costs) and the VA. The pharmaceutical companies often pay for drug treatments for cancer patients themselves when these states will not cover it.
There were amendments introduced to add to the bills that would prohibit rationing etc. These amendments would have put to rest those rumors once and for all. They were defeated.
I urge everyone to take more time to research material even if only to debunk it.
A centralized, government mandated and controlled health care system with a “public option” that will lead to single payer health care will lead to disaster. This statement taken on its own is a true statement. I do not make this claim, rather history and current systems around the globe show this. The health care plans in congress have to be studied to make sure they are not going in this direction.
Until there is a plan that is going in the direction of true reform, many Americans will continue to fight for rational reforms and against what currently is in Congress.
Links to Must Read information & resources.
A comprehensive list of Must Read Articles on Health Care Reform
What The Health Care Bill Actually Says
Physicians for Reform
Fix Health Care Policy Project
How To Fix the Health-Care 'Wedge'
Health Reform Requires Lawsuit Reform
Health Care - Heritage (Comprehensive Research)
The WSJ Guide to ObamaCare
Condition Critical: What Doctors Think About Health Reform, IBD Series
Health-Care Reform: How the Bills Stack Up
Hold The Mayo
The Whole Food Alternative to ObamaCare
We Don't Spend Enough on Health Care
Open Letter On Health Care
Deadly Doctors
CBO Expert Says Preventive Care Will Raise - Not Cut - Costs
FACT CHECK: Obama's health care claims adrift? -AP
Obama & the Practice of Medicine
Deception is at the Heart of Dems' Plans (Part 3) - Sowell
Whose Medical Decisions? (Part 2) - Sowell
Whose Medical Decisions? (Part 1) - Sowell
No Compromise On Health 'Reform'
A Federal Health Insurance Exchange Combined with a Public Plan: The House and Senate Bills
The Pelosi Jobs Tax
House Health-Care Reform Bill Oversteps on End-of-Life Issues
Europe’s free, state-run health care has drawbacks
Freedom & Taxes
The more profitable a business, the more taxes it pays. When people get paid more and find jobs; they pay more taxes or start paying taxes. Government will then get more tax revenue. When businesses close and when people lose their jobs, their tax contribution stops. When people get paid less, they pay less in taxes. The government’s tax revenue will be lower.
A profitable business is self-sustaining and creates jobs and prosperity for many people and doesn’t need the government to wastefully spend tax dollars on it and on welfare.
The same goes for industries like the auto and health industries. There is no need for government to waste trillions of taxpayer money on health care. It can be done through a self-sustaining profitable private sector that supplies a very valuable service and provides incredible opportunity and prosperity for millions.
You would think Mr. Obama and Congress would want more tax revenue. You would think they would want more businesses and more successful ones that create jobs that help people make more income. So why does this Administration and Congress want to take away profits and kill jobs which will shrink the tax base and lower tax revenue? Why are all their policies slowing the economy and hurting businesses and jobs? Is it all about freedom and control?
You pay more taxes; you have less individual freedom to provide for yourself and your family. You then depend more and more on the government to provide for you. You are also giving more and more control over to the government.
Most of the money they take from you they squander and give to others. Those in power are buying their votes. They don’t realize it yet, but in exchange, they’ve given up their freedom for government control. Slowly as taxes go up, the government takes more control. Higher taxes equal less freedom and more government control. Lower taxes mean more freedom and opportunities for all.
Government is punishing the achievers and job creators, and rewarding the unproductive. It is human nature for the productive and job creators to therefore be less productive. That means there is less to go around and everyone has less, including government. They tax more and get less. There are fewer goods and food with less money to buy goods and food. You have more poor and starvation. Everyone is slowly becoming equally poor except the elite and those they pay off to support their power.
Of course, without a productive tax base, this is not sustainable and it crumbles. It can only limp along if a corrupt outside source, like the United Nations, IMF, World Bank or a nation props it up. This can be seen throughout history. The USSR, Cuba, Venezuela and others.
This can be a long process as well, like many countries in Europe. Socialist type policies slowly drag them down, an election happens, then they go the other way for awhile, sort of an ebb and flow. Suddenly a deep recession or worse happens, and there is a sizable shift to the “right,” towards fiscal responsibility. They have to or they won’t survive. They never learn though. They will eventually forget, ignore history and turn back.
This is why the situation in the U.S. is so absurd. While many in Europe have moved to the "right" to survive, those in power in the U.S. have moved to the "left," at the worst possible time. Is it that they would rather hurt this country than to look past their ideology and quest for power and save this country? That is their weakness and freedoms’ tragic advantage. It will make the results of their destructive policies happen much faster and also be more easily seen. People will wake up quicker and in greater numbers.
More individual freedom equals more prosperity. Less individual freedom means less prosperity. That is why the United States in only a little over 200 years has become the most prosperous and powerful nation on earth, while it has taken other nations hundreds of years longer to get where they are. Our freedom and values keep us from conquering the world and instead we help and defend the world, bringing hope and freedom to all.
Sadly, the power hungry and those who’ve forgotten or ignore history have taken over. They are now misleading many. Those of us who have not forgotten are spreading the truth of freedom, and now many wake to join the fight to save our republic, our freedom and prosperity. Slowly more and more eyes are being opened and they are now seeing the results of the destructive policies of those in power.
A government that takes away liberty and free will is a government that is not owned by the people. It is a government that goes against our founding documents. It goes against what our founders and patriots fought for, to win their independence. All men are created equal with inalienable rights, rights that are grounded in natural law not bestowed on us by government. That is why we continue to fight for freedom and liberty for all. To fight for the freedom and opportunity for everyone to become all they can be.
Truth, liberty, freedom, prosperity and the pursuit of happiness were given to us. We must guard and protect them, even fight for them, as many have throughout the years. We must not throw it all away or they will have died in vain. God bless the United States of America.
Links to Must Read information & resources.
Historical Economics (Previous Post)
Taxes: Election 2008 & Beyond (Previous Post)
The Keynesians Were Wrong Again (Excellent-Must Read!)
Big Government, Big Recession (Excellent!)
Tax Increases Mean Less Revenue: Your Common Sense Guide
Sunday, August 16, 2009
The Productive vs. The Unproductive
Now is the perfect time to streamline government and cut spending. When times are good they will never do it, but now that times are tough, with huge budget shortfalls, we should take advantage of it.
We need to make government more efficient and less wasteful. Get rid of the waste and inefficiencies, streamline pensions and welfare, clean up fraud and corruption, and layoff the unproductive government worker. Layoff the two or three people it takes to do the job of one person. All this will allow deep spending cuts. Combine all this with real tax cuts, not just token tax credits, and it will put money back into the private sector causing people and business to spend and create jobs.
The out of work unproductive government workers can then find productive private sector jobs and create goods and provide services. This will bring in more income that will create even more jobs and allow even more spending. The economy will grow exponentially, the GDP will skyrocket, and everyone will be able to provide for themselves, their retirement, health care, etc.
The small number of those that have legitimate needs can finally be helped. We would not need government bailouts, handouts, welfare, social security, Medicare, Medicaid, pensions and definitely not government health care.
The fraud, waste, inefficiencies and unproductive government workers combined with the resulting higher taxes and spending, just drag down the economy. The economy will increasingly slow and unemployment will rise.
Links to Must Read information & resources.
How to Shut Down the Welfare State (Must Read!)
Phantom Jobs
Sunday, August 9, 2009
Stimulus Failure
The stimulus has failed in many ways. It does not stimulate. History tells us it will actually prolong the recession. It is not pro-growth policy but rather job kill policy. It is irresponsible, massive deficit spending and generational theft. It takes revenue away from the private sector and uses it to prop up public sector waste, failure and irresponsible spending.
The fact that only 10% has trickled out and the rest was designed to be spent in 2010 and beyond is a failure in and of itself. It is also a failure of those who wrote the bill.
Because it is government spending, the process of getting the money out is slow and it is subject to fraud and waste with no accountability, which we have already seen. Most of it is wasteful government deficit spending that ramps up in 2010 and will do more harm than good anyway. Even Keynesian's dropped their support for the bill before it was enacted. Most believe spending should be upfront and on infrastructure make-work projects, which are temporary. A Congressional Budget Office (CBO) report on the stimulus bill said that "in the longer run, the legislation would result in a slight decrease in gross domestic product compared with CBO's baseline economic forecast." Government spending does not grow the economy.
The tax credits are too small and the dispersal method makes them unnoticeable. The tax credits also increase your tax liability. They are also temporary and people know this. Real tax cuts would stimulate without being filtered through the bureaucratic waste machine. More bang for the buck. A $400 tax credit cost the taxpayer close to $800 in taxes. It basically amounts to the federal government taking close to $800 from the taxpayer and giving them back $400 which they then tax.
It will increase the deficit by a trillion or more by the time it is all done. Borrowing or raising taxes to pay for the stimulus has a negative job-killing impact on the economy as well, not to mention the inflationary impact of weakening the dollar by printing to pay for spending.
The economy will eventually start to recover despite the prolonging effect of the stimulus. But with the trillion dollar budget plan, the trillions this administration is adding in spending, debt and to the deficit, and if cap & tax, ObamaCare and other destructive bills, many which have built-in trade protectionism, are passed the economy will get worse. Indeed, a malaise that will last for decades. These bills will hurt many people and small businesses which will cause many to make less and lose jobs. They will also cause jobs to be shifted overseas.
The uncertainty caused by the unpredictability of this administration and congress i.e. “how bad will future taxes be and what other harmful bills and regulations will be enacted?” is causing businesses and consumers to not create jobs or spend. This administration’s and congress’ policies will do more harm to the economy than even the recession.
This didn't have to be. America will learn once again what history could have taught them, insane tax rates and spending will slow the economy and kill jobs. The progressive policies of CA, NY, NJ and many others are examples of how to destroy an economy. These examples can teach us what not to do. If everyone would study history with a basic understanding of economics this could be avoided.
The rest of the stimulus should be scrapped and real pro-growth policies like marginal tax-rate and spending cuts, and others should be implemented. Consistent, confidence inspiring policies will enable Americans to keep more income and businesses to create jobs, small business being the usual job creators that fuel the economy out of a recession.
Rather than tax income out of the economy, with the resulting bureaucratic waste, only to redistribute it back in mostly to non-productive public sector areas that do not grow the economy, why not leave it there in the first place? Real tax cuts. People would instantly have more income, business would have more to grow and create jobs. This would actually stimulate, cost less, and have quicker, more permanent results with smaller deficits and debt by trillions. There would be no need to spend money they don’t have on bailouts, cash for clunkers, more entitlements and extending unemployment and welfare. This would mean they don’t have to borrow and print trillions either. Combined with spending cuts, the economy would boom, bringing freedom & prosperity to all Americans.
Most of us know the economically illiterate in this Administration and Congress would never do this. There is only one other option, 2010 - 2012.
Links to Must Read information & resources.
The Pelosi-Obama Stimulus Plan
Historical Economics
Taxes: Election 2008 & Beyond
The Utter Failure of Government ‘Stimulus’ (Update)
Washington & the Jobs Market (Excellent-Must Read!)
Stimulating Failure (Excellent-Must Read!)
More Stimulus Equals More Unemployment (Excellent Read!)
Industry Evidence on the Effects of Government Spending (Must Read!)
The Man Who Predicted the Depression (Excellent-Must Read!)
Phantom Jobs
Stimulus Spending Doesn't Work (Excellent-Must Read!)
Stop The Spending And Cut The Taxes (Excellent-Must Read!)
The Stimulus Didn't Work (Excellent-Must Read!)
The Keynesians Were Wrong Again (Excellent-Must Read!)
Big Government, Big Recession (Excellent!)
What's the Stimulus Have To Do With It?
A Jobs Bottom
The Lessons of the 'Stimulus' Bill
Obama Is Only Digging The Hole Deeper
Let's See What U.S. Economy Can Really Do
A Third Stimulus? Don't Repeat the Same Failures
Stop The Madness That's Killing Jobs
Why the Obama Stimulus Plan Must Fail
Another stimulus will have same result as first
Blue-State Stimulus?
The Stimulus - The Anatomy of a Failure
The Albany-Trenton-Sacramento Disease
Welcome Back, Carter
Not Everyone Guessed Wrong About Stimulus
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