Lies My President Told Me

http://news.yahoo.com/s/ap/20091126/ap_on_bi_ge/us_obama_economy
Obama and GOP differ over recipe for jobs, economy

Barack Hussein Obama claims that he is working to save the middle class. He claims he is cutting taxes on the middle class. Too bad he has never had a job in his life where he actually worked for someone NOT employed by the government. To bad all of his advisers also have the same lack of knowledge and experience.

Tax on the wealthy? There is no such thing as a tax on the wealthy. This is also know as trickle down poverty. The people who got wealthy did it by understanding how the system works. And any tax applied against the wealthy, they can easily recover by raising the prices on the goods and products they sell. If they can't pass the tax on to the consumers, they will shortly go out of business. So while the tax may initially be raised against the wealthy, they always pass it on to the less wealthy.

Job Creation? Somehow I don't think that creating extra government jobs is any help to the economy. Who pays the salaries for government employees? Anyone who is still employed. And taxes must be raised to cover their salary. (Unless you debase the currency-make it worthless, which our government is doing, but that is a whole another story.) So raising taxes to pay for extra government employees puts more business into bankruptcy, and more people out of jobs. So I don't think he is creating jobs.

Extending unemployment benefits? This increases jobs? Only if you believe it is work to go get your unemployment check. Extending unemployment benefits is an admission that a lot of jobs went away and are not coming back any time soon. No matter how long you extend unemployment benefits, this does not create jobs.

Stimulus Packages? The government stimulus package was as carefully planned as any other piece of government legislature. Meaning there was no concern for how the funds would be eventually used. There was no oversight and no requirements that the money be used in any way to help the economy recover. Some of the stimulus went to employee bonuses at companies that couldn't afford to pay the expected bonuses. These same companies were going bankrupt. So the stimulus money went to prop up the companies that were incapable of planning for the future and were going down in flames. Giving these companies money to keep them afloat so they can create more economic turmoil (they created the current crises repackaging worthless loans) is not helpful to the economy.

Health Care Deform? Adding extra taxes on the shoulders of the few remaining workers does not seem like a good idea to me. And then forcing people who can't afford room and board to pay their unfair share of health care doesn't seem like a good idea to me.

Helping the economy? I don't think so. It takes a special kind of person to believe that closing down all business and hiring everybody into a government job is an improvement over what we currently have.