Remember the good old days when, under the George W. Bush administration, the average annual rate of unemployment between 2001 and 2008 was 5.26%? (Though, according to the MSM and rabid Democrats, the economy was in shambles.)
As the cacophony of the debt ceiling brawl subsided this past week, President Obama has decided to “pivot,” once again, to the issue of job creation.
Now, in true campaign fashion, he’s on a 3-state bus tour designed to convince people that this time, he’s focused like a laser beam on job creation.
It’s too bad Obama’s campaigning doesn’t create jobs. We’d have zero unemployment.
Last Monday, Obama gave as a glimpse into some specific policies which could be advanced to help spurn real economic growth. It’s instructional to go back just a week ago to help us realize the wondrous workings of a policy-wonk’s mind. However simulating and hopeful his prescription for our ailing economy may have sounded to him, after listening for a while, it is quite apparent that his slick delivery and gilded speech no longer exist. The mesmerizing populist barn-burners of old have been replaced by canned, sterile speeches, filled with platitudes made to sound as if it’s content were focused toward a citizenry processing a third grade comprehension level. At every chance, he dusts off the tired, moldy Democratic playbook consisting of class warfare, employing the phrase that rich people “pay their fair share,” as if what they now pay to the government has contributed in some way to the loss of jobs, or has been a catalyst for the trillions in new spending implemented under his reign. And though this phrase is now nothing more than a weak and disingenuous display of desperation, today, he again trotted it out as if it contained merit:
“At the Cannon Falls meeting, Obama hit on recent themes blaming economic problems in part on turmoil in the Mideast, debt problems in Europe and the earthquake and tsunami in Japan, but he said the biggest problem was intransigence in Washington, particularly among Republicans unwilling to accept any tax increases to help solve the nation’s budget problems.”
(‘Cause until our current dire economic situation, there’s never been any turmoil in the Mideast, and those damn natural disasters in Japan produced a miracle of physics, complete with a time-traveling effect on the millions of jobs lost in this country before they actually occurred.)
Yup. More taxes on the “rich” will help release the shackled Kraken of U.S job creation.
Does he not realize how lame this tactic has become? That it has rightfully morphed into nothing more than a tired cliché for the majority of Americans? (Though it is scripture to his far left base of loons.)
After last Monday’s peek into what we can expect from Obama and his tax-payer funded jobs/campaign tour, The National Journal had a particularly scathing reaction:
“Nearly halfway into his speech from the State Dining Room on Monday, President Obama finally launched into what amounts to his core job-creation message these days. He ticked off a familiar trio of policy initiatives – extend unemployment benefits and the temporary payroll tax cut, and spend more on infrastructure – and then blamed congressional Republicans for not enacting them.
“These are all ideas that, traditionally, Republicans have agreed to, have agreed to countless times in the past,” Obama said. “There’s no reason we shouldn’t’t act on them now. None.”
Congressional Republicans have not acted on them?
Um, Mr. President, Republicans did not gain control of the House of Representatives until January. That’s 7 months ago. Everything you just rattled off was approved before they had the majority to block any of those examples. And they were all passed with your Democratic Congressional toadies.
Unemployment benefits do not help create jobs which have been lost. They are a by-product of jobs already lost. While these benefits help people who, due to the triumvirate of Obama/Reid/Pelosi’s failed economic policies, lost their jobs (through no fault of their own) to pay for necessities (mortgages, food, utilities, etc.), they are not used as disposable income. Disposable income is spent on products and services that, though may not be essential to one’s life, are things which, due to hard work, a person has extra money and a right to purchase if they so desire.
That is the kind of money which creates demand for products which necessitates job growth.
The temporary payroll tax cut (Which he again mentioned today.): A transparent, pathetic gimmick made to link the words “tax cut” with Obama. While ANY money not delivered into the hands of the black hole of government is a good thing, the high prices of gas, consumer goods, and health care erases any paltry benefit which could otherwise be gained by this.
With this tax cut, a person making $40,000 a year retains a windfall of $60 a month. $15 dollars a week. $2.14 per day. If he/she/it is lucky, that’s about 4 gallons worth of gas in a week for their vehicle.
Very aggressive policy, creating confidence abound, Mr. President.
His third priority of more spending on infrastructure, is nothing more than robbing Peter to pay Paul. Money from the government (i.e., our taxes dollars) would be funding highway and transportation projects. So the government spending more tax dollars to pay people to work on government projects will stimulate the economy? It seems to me the same money forked out by the government will just be recirculated right back into the government’s pocket book. That is not meaningful, sustainable, or real job creation. The government cannot “create” jobs. They create entities which exist to serve themselves, and justify swollen budgets. No new money is created, only transfered and eventually consumed by the prime mover.
This President, and his gaggle of yes people, does not know what to do.
“The president believes we need to tackle our deficits over the long term so we have more room to implement key proposals, including investments in education and innovation, that will help the economic (sic) grow faster,” Jen Psaki, the White House deputy communications director, said. “But there are also bipartisan steps we can take now” – including patent reform, the payroll-tax-cut extension, three pending free-trade pacts, and infrastructure spending – “and it is in the hands of Congress to act on moving these forward.”
Yes, this President, who, for the first two years of his term, had some of the largest Democratic majorities in congress in recent memory, had in those two years quadrupled the national deficit, now expects us to believe that he believes in deficit reduction. If this is the case, why did he not “tackle” the deficits in his first two years when he had the majority votes to do it?
It’s all just so sincerely believable, isn’t it?
Next aggressive policy initiative: Patent reform. (Sheesh.)
While reforming the patent process is itself a worthy endeavor, it is hardly what is keeping jobs from being created. Fillings of patents for new inventions are down, but, that is a by-product of a bad economy, not a broken patent system. R&D, inventions and technological advances cost money to fund. With an economy bogged down in a financial sea of molasses, people are either holding back filling out of fear of taking on too much risk or they are financially unable to fund their creations. And it seems as if the reason for this reform has more to do with how filling fees are collected, and which government entity gets those fees.
The three free trade pacts Ms. Psaki speaks of are with South Korea, Panama and Colombia. When I hear “free trade pact,” I think of access to cheap labor. I think of outsourcing. Even if that outlook is absolutely wrong, does anyone really believe that not having free trade agreements with these countries is damming up a torrent of U.S. job creation? Does anyone really have any faith that enacting these agreements will have a truly profound positive effect on the economy, creating substantial American jobs, making a dent in the 9.1% unemployment rate?
And again with the infrastructure spending. It has officially become moot. Remember the Stimulus bill? The one which cost $789 billion and was supposed to create 3.5 million jobs? Well, a big chunk of that, $100 billion, was allocated for infrastructure. He also allocated $554 billion in infrastructure spending in his 2012 budget.
What. Is. He. Doing?
This man is devoid of any ability to think of, successfully sell, or implement any policy or plans which will benefit the U.S. worker and our economy in a meaningful, secure manner. He is impotence, personified. His tenure has been, by any simple or stringent standard, a failure of monumental proportions.
His base has been marginalized to “bat-shit-crazy” land. And ordinary Americans who experienced “Bush fatigue,” who were sucked in by his fresh, youthful speeches, electric smile, and false-prophet rhetoric are simply no longer mesmerized.
Anyway, just remember: As you’re standing in the unemployment line, circling embarrassingly inadequate employment ads in your local paper, Obama’s “patent reform” is just around the corner!
“Happy Days Are Here Again!”