President Obama
President
Obama’s jobs speech before the congress left me reeling. The economy
is stalled because there is a profound lack of confidence in the ability
of the economy to recover under more regulation, higher taxes and
higher cost of health care. Hiring workers for a tax credit will not
happen if there is no work for them to do. And you can’t buy a new
employee for $5,000. Pay their fair share means tax increases on the
producers which are always passed along to the consumer. Trade
agreements have not been held up by congress but by the White House. He
talks well but does the opposite. Employers can’t win the race to the
top with shakles on their feet The only thing that will work, and has
worked in the past, is an overall tax reduction, especially on
businesses, repealing the high cost of Obamacare, and cutting spending
which will restore the confidence of the population that a recovery can
happen. The president’s jobs program will not do that.
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