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President Obama’s American Jobs Act Guarantees Only One Term

Thursday, September 8, 2011

There was drama in the way our King President demanded to make a speech before a joint session of Congress. The details are traditionally worked out behind closed doors and most importantly, the request is formally made by the Speaker of the House, not the other way around.

So why the need for a “big” speech before a joint session of the House? President Obama has been hinting that he was going to make a speech for well over a month. We have a jobs crisis, but this one has been with us for over two years and all due to the stifling economic policies of Barack Obama.

President Obama has the lowest approval numbers of his term and he can’t find his ass with two hands. This was only a campaign speech and an enormous waste of time for the American people and the members of Congress. This was Grand Kabuki Theater.

Obama’s speech can be summed up as desperate. “You should pass it right away.” Like a nagging child, Obama used it over 15 times. Some pundits called Obama’s tone urgent and forceful —  my take; it was panic. Barack Obama is frightened to death that he will not be re-elected. Campaigning is all he knows and that’s all he is capable of doing.

“The people of this country work hard to meet their responsibilities.  The question tonight is whether we’ll meet ours.  The question is whether, in the face of an ongoing national crisis, we can stop the political circus and actually do something to help the economy; whether we can restore some of the fairness and security that has defined this nation since our beginning.”

The start of the “political circus” began with Barack Obama, who consistently uses class warfare and demagoguery to make his political points.

This is a $450 Billion spending bill and Obama’s claim that it will cost us nothing is playing his old three card monte game. This is Stimulus 3, another half a trillion dollars in deficit spending.

“Pass this jobs bill, and starting tomorrow, small businesses will get a tax cut if they hire new workers or raise workers’ wages.  Pass this jobs bill, and all small business owners will also see their payroll taxes cut in half next year.  If you have 50 employees making an average salary, that’s an $80,000 tax cut.  And all businesses will be able to continue writing off the investments they make in 2012.”

That is only a tiny $1600 per employee and doesn’t even cover the cost of the paper work involved.

“The American Jobs Act will repair and modernize at least 35,000 schools.  It will put people to work right now fixing roofs and windows; installing science labs and high-speed internet in classrooms all across this country.  It will rehabilitate homes and businesses in communities hit hardest by foreclosures.  It will jumpstart thousands of transportation projects across the country.  And to make sure the money is properly spent and for good purposes, we’re building on reforms we’ve already put in place.  No more earmarks.  No more boondoggles.  No more bridges to nowhere.  We’re cutting the red tape that prevents some of these projects from getting started as quickly as possible.  And we’ll set up an independent fund to attract private dollars and issue loans based on two criteria:  how badly a construction project is needed and how much good it would do for the economy.”

The government funding of school repairs and modernization is only a payback to the unions in the construction industry. That’s a small number of potential employees as only 13% of all construction workers are unionized. The President’s proposal is a boon to the Teacher’s union, where they represent 37%. The Teacher’s unions traditionally gives large amounts of their hard earned money to Obama and the Democratic party. Their PAC, American Federation of Teachers donated $2,348,750 to Democrats in 2009-10.

“Pass this jobs bill, and companies will get a $4,000 tax credit if they hire anyone who has spent more than six months looking for a job.”

That saves an employer $77 a week per new hire. This will not get employers to suddenly start hiring. The roadblock is the thousands of pages of new federal regulations and the unknown traps of Obama Care.

“Pass this jobs bill, and the typical working family will get a fifteen hundred dollar tax cut next year.  Fifteen hundred dollars that would have been taken out of your paycheck will go right into your pocket.”

This amounts to only $29 dollars a week per working family, enough for about seven gallon of gasoline in their automobile per week.

The rest of Obama’s speech was a wash-and-repeat of his campaign proposals he has been making all over the country since June. A Veterans job plan, a mortgage refinancing gimmick, an internship, training and community college tuition incentive. Typical Democratic party entitlements to make workers reliant on the government, instead of themselves. The bill is a program for more spending, a democrat’s wet dream.

No speech from Barack Obama would be complete without imparting class warfare and an attack on corporations and the wealthy. Obama of course, never sees it that way through his Saul Alinsky contact lenses.

“Should we keep tax loopholes for oil companies?  Or should we use that money to give small business owners a tax credit when they hire new workers?  Because we can’t afford to do both.  Should we keep tax breaks for millionaires and billionaires?  Or should we put teachers back to work so our kids can graduate ready for college and good jobs?  Right now, we can’t afford to do both.

This isn’t political grandstanding.  This isn’t class warfare.  This is simple math.  These are real choices that we have to make.  And I’m pretty sure I know what most Americans would choose.  It’s not even close.  And it’s time for us to do what’s right for our future.”

So there it was, all the pomp and circumstance of a “State of the Union” address or an emergency that suddenly threatens the security of the nation. It was neither; we’ve known about the state of our economy for the three awful years of the Obama presidency.

The only urgency we have is that Barack Obama is scared shitless that he will lose the election in 2012. I say, Yes He Can and Will.

Posted: 1800PT


One Comment leave one →
  1. Friday, September 9, 2011 9:59 am

    Obama desperate to win a second term is promising unions that which he cannot deliver by offering to throw small business less than a bone but paying hundreds of thousands/millions to his buddies. No doubt Barack, Michelle, Valerie, Nancy among others will laugh and slobber all the way to the bank if they’re allowed to pull this one off.

    It won’t happen and like everything else, Obama will fail but then, that is his plan. Isn’t it?

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