Well, it's a new week, and we had a new jobs report out recently. Things kinda sorta turned around...a bit. Maybe. I'll let the professionals at Heritage explain (my emphasis):
Not to mention the staggering debt that Obama's policies (including the useless 'stimulus' package) have heaped onto future generations of Americans, of course. That's not a particularly savvy investment, either.
But the real problem is slightly different. We're now entering what Obama really wanted to create: a perpetually dependent state.
Why does he -- and liberals like him -- want more dependents? Because it means more power for whoever runs the government. It's a simple implementation of the second 'golden rule': whoever owns the gold makes the rules. When the government provides everything you get, you pretty much have to do whatever the government tells you to do.
Of course, the alternative to this dependent state is the unleashing of the American spirit of innovation and productivity through free markets. Heritage reports that the job losses were actually worse in the recession of 2001 (after the WTC was destroyed), but the reaction of the Bush administration was essentially the opposite - cut taxes, and create an environment where businesses could experience growth. We came out of that recession relatively quickly, and experienced several years of 4-6% growth. Obama's policies are doing exactly the opposite, and businesses are now seeing an environment which is increasingly hostile to success and growth. Thus, little job creation exists, and little will change as long as these policies are in effect.
Gateway Pundit reminds us of the cold, hard, facts:
Expect at best a pretty flat red line until such time as Obama changes his policies or Republicans take back control of the government.
On a related note, VP Joe Biden is out there running his mouth without supervision again, whining about how unfair it is that rich people make sooooo much money:
True, but what share of all income taxes is paid by that same 1%? Try 40%. If any claims are to be made of fairness (or lack of), I think they should be going the other direction! For a refresher on who pays how much of our taxes, go here. If you've never seen this information, I strongly encourage you to check it out - it's an eye-opener, to be sure!
Heritage pins the tail on the donkey with this one short little paragraph:
This is the tax tipping point we've discussed a number of times here. When a majority realizes they can vote themselves all kinds of goodies, rebates, stimuluses, and tax exemptions at the sole expense of the minority, the country is finished. It's not a question of remaining financially viable, but it becomes a question of how long it will be until the majority destroy the minority, and then there is absolutely NO money left to be spread around. What good is fairness going to do anyone then?
If we went to some kind of a flat tax system, however, fairness would reign supreme - everyone would pay the same percentage of taxes, regardless of how much income they made. Recall that when the one rich guy gets taken out of the picture, no one gets any beer.
Unbelievably, Obama is still out there saying that the country would have gone bankrupt without passing the multi-trillion dollar spending program that is DemCare! Hot Air reminds us of an outstanding sketch by SNL on this very subject which you really must check out (the key phrase: "I am noticing that each of your plans to save money involves spending even more money.").
The NRSC offered this video last week that nails the point pretty well, too:
When it comes to economics, it doesn't take a genius to understand the basics. What Obama is doing to America is destructive, and simply cannot last, even when factoring in the incredible resilience and productivity of the American people. If we value this country and want to pass it along to our children as a free and prosperous nation, we've got to make a change, and fast. Unfortunately for all of us, the change Obama provides isn't the correct one.
There's my two cents.