Thursday, October 13, 2011

Jobs Plan Fails, but Obama Doesn’t Get the Message

Heritage  "Take Senator Jim Webb (D-VA), for example. The Hill reports that he opposes raising taxes on ordinary income during a time of recession and that the federal government should encourage people to invest in the economy instead of raising their income taxes. In Webb’s own words:
I strongly believe that the way to bring good jobs back is to improve our economy in the private sector, and that means more capital investment. Winston Churchill once said something to the effect that you can’t tax your way out of an economic downturn any more than you can pick up a bucket if you’re standing in it.
And he called a joint session of Congress for this plan! The man is not only incompetent, he is eccentric and immature. Didn't he have any staff people who could caution him against these silly decisions?
More of Obama's class warfare demagoguery here.
"Rather than heeding to the palatable call from the majority of Americans weary of continued federal spending to grow the economy, including many in his own political party, President Obama is convinced that Hispanics will continue to support his policies by simply employing scare tactics."



Gibson Guitar CEO warns that jobs may be sent overseas in aftermath of DOJ raid 
  "On Wednesday, he told The Daily Caller there could be casualties from the DOJ’s actions, first of which he said may be higher guitar prices.
"“It’s a zero-sum game,” he said. “You don’t create money out of thin air. So a dollar goes to lawyers in Washington, D.C. is a dollar that comes out of our consumers’ pockets, period.”
"But he also cautioned that American jobs could be lost and sent overseas."

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