When President Obama proposed “son of stimulus”, any remaining doubt about his intentions was removed. He doesn’t care about jobs; his overriding concern is to massively increase government spending and raise taxes to pay for it. One member of Obama’s staff famously said a crisis should never go to waste. That’s what this is all about - Obama using the economic situation as an opportunity to further his agenda. He doesn’t want to solve the problem; he wants to exploit it. He and his enablers are statists who want most of all to increase government control of every aspect of our lives. To them, only the elite ruling class is competent enough to know what’s good for the masses.
If Obama wants jobs, why does he prevent more off-shore drilling and the thousands of high paying jobs that would go with it? Why does he want to bankrupt the coal industry (as he was caught on tape saying)? Why has he delayed the Keystone pipeline project that would create more thousands of jobs? Why is he letting the EPA put forth even stricter standards that will cause AEP to have to close six power plants (including Glen Lyn). Why is he pushing cap-and-trade that will send thousands of jobs overseas? Why is his administration going after Gibson Guitar? Why did he let his NLRB sue Boeing to keep them from building a new factory in South Carolina? Why is he continually talking about higher taxes? Why is Obama doing so much to kill jobs if he wants jobs?
The facts show that the first stimulus was an abject failure. Unemployment is stuck at 9%, and the real unemployment rate that covers the underemployed and those who have given up is estimated to be at 16%. The economy is still on life support and the housing market is not recovering at all. These are the results that Obama and crew have achieved with all of their massive government spending.
What is their response to the failure of the first stimulus and all the other government spending? Spend more!
The government has no money of its own. It only has money that it takes from us as taxes, or it can borrow.
How can the government stimulate the economy by taking money from one citizen (as taxes) and giving it to another citizen? There is no net gain in that.
Or even worse, as is now happening, how can the government stimulate the economy by spending borrowed money. The national debt is now close to $14 trillion, which will all have to be paid back with interest. This will be a burden to the federal budget and the economy for generations. You can’t continually borrow your way to prosperity.
The Republicans tried to provide some adult supervision in the recent debt ceiling issue, but the Democrats fought it tooth and toenail. The Democrats don’t care about trillions of debt and all of the bad effects of that; they demand more of it.
If you want to look back at the Great Depression, it is actually very instructive. President Roosevelt and all of his massive government spending and government make-work jobs did not solve the unemployment problem. What got us out of the Great Depression was World War II and the real jobs in the private sector that came from that.
If Obama wants to create jobs, he needs to learn how to do it.
Steve Jobs literally started Apple Computer in his garage, with his high school buddy. After some initial success with his fledgling company, Steve Jobs was fired from the company he founded by the person he himself had recruited to take over as President so that Steve could focus on the technical innovation side of things. He then founded another company, sold it to Apple, returned to Apple again as part of the deal, and the rest is history, as they say. Today, Apple Computer is wildly successful, has revolutionized the way we get and use information, employs 46,000 people, has created thousand of other jobs in suppliers, has made millionaires of hundreds of its employees through stock option grants, and has more cash on hand than the U.S. government!
This all happened without one penny of government stimulus money. There are untold more such examples. That is how you create jobs - provide an environment where companies large and small can flourish, grow, and hire people because they need them. Obama does the exact opposite; he punishes companies and incites class warfare.