Or as GuyH, a commenter, said, “eat sweets to cure his diabetes.”
That’s what Barack HUSSEIN Obama (mmm, mmm, mmm) plans to do as it relates to our economy: he will spend us into propsperity.
President Barack Obama outlined new multibillion-dollar stimulus and jobs proposals Tuesday, saying the nation must continue to “spend our way out of this recession” until more Americans are back at work.
Without giving a price tag, Obama proposed a package of new spending for highway, bridge and other infrastructure projects, deeper tax breaks for small businesses and tax incentives to encourage people to make their homes more energy efficient.
“We avoided the depression many feared,” Obama said in a speech at the Brookings Institution, a Washington think tank. But, he added, “Our work is far from done.”
For the third time in a week, Obama sought to focus on job creation, noting that the unemployment rate was still at 10 percent in November, though down slightly from its 10.2 percent peak. He said “a staggering” 7 million Americans have lost jobs since the recession began two years ago.
While his proposal did not include the kind of direct federal public works jobs that were created in the 1930s, he said government could set the stage for more job creation by private businesses.
A major part of his package is new incentives for small businesses, which account for two-thirds of the nation’s work force. He proposed a new tax cut for small businesses that hire in 2010 and an elimination for one year of the capital gains tax on profits from small-business investments.
These sound commendable on the surface but the devil is in the details. “tax cut for those who hire in 2010?” OK, tax cuts for how long? Just a year…during which no benefit would accrue a company that takes on an employee only to fire them the next.
“Elimination of capital gains tax?” For how long> What percentage of cuts? What is considered a “small business?”
I don’t trust this MFCSPOS as far as I could throw him.
You should not either.
I’m still workin’ on the Family Size bag of chocolate covered raisins from WalMart. When I finish, it’s on to the Bubba Sized bag of Pork Rinds.
I expect great things momentarily. The fact that my fasting serum glucose this morning was 800 is just negative thinking.