Yesterday, Jay Carney, the White House’s press secretary irritatedly proclaimed that the President was digging in his heels on his decision not to extend Bush tax cuts for those he considers to be rich. When reporters pressed further, Carney got huffy to say the least, as though he was tired of answering that line of questioning. This was Obama’s response to a continually fledgling economy, but there is more.
Incredibly, today the White House announced that it will be seeking to hire half a million federal government jobs back in order to make a dent in the failing unemployment figures. In what is assuredly a political move, the President, against all rational thinking, would rather hire on 500,000 employees that will be paid for by taxes at a time when the government has already strapped on 5 trillion in deficit spending in little more than 3 years with no relief in sight. Why, to temporarily make the unemployment statistics improve in time for the presidential election. At what cost to American society? I ask.
Chris Matthews blames American employers for withholding trillions of dollars to reinvest into the American economy so that they can make President Obama look bad. Consider the logic of such rationale by Matthews, as leftist as any reporter can get. With the current corporate tax level at 35% the highest in the world, why would American companies want to bring their capital into the United States just to get taxed more severely than in any other jurisdiction on earth? Their stockholders would be outraged! That American corporations don’t want to subject their assets to higher taxes is one thing, but the fact that Obama’s lack of economic expertise and unwillingness to compromise, indicates the lack of faith American companies have in the future of the US economy under Obama’s flawed stewardship. That absence of confidence speaks volumes for how our current economic recession can be attributed to the failure of federal government policies.
Anyone now doubt Obama is a statist? More government jobs.................. Unbelievable...