President Obama has turned the will of the American people against him. In one rookie mistake after another, his decisions have shaken even the majority of his supporters. His insisting to not listen to his employer--We The People--is now adding arrogance to his unsteady hand. His policies involving political payback instead of finding genuine solutions are now demonstrating to all of us that the vagueness of his campaign speechmaking was merely the work of a hollow wordsmith after all.
It's been a tough three weeks on the job Mr. President.
In breaking news on Friday afternoon, CBS News reported the startling conclusion. Mr. Obama's 97% federal spending stimulus was exactly the opposite of how most Americans think the economic crisis should be handled. In their findings they reported that 55% of the nation believed the relief package should focus primarily, if not entirely, on tax reductions. We all do remember that he campaigned on this right? Under the Obama economic plan, he would begin the economic recovery by cutting the taxes of 95% of Americans? (Never mind the funny public school math he was using to get to the 95% number--just give him the benefit of the doubt). In the same findings, CBS News poll found that only 22% believed that more government spending would solve the crisis.
Despite economic advisors telling him so, despite the Reagan biographies he "read" following his election, despite the fact that the brightest economic minds in the nation advocate differently, and now despite the fact that the American people have so advised, Mr. Obama, Nancy Pelosi, and Harry Reid believe it is more important to spend nearly 1.3 trillion in stimulus allocation than to do the only thing that would allow the economy to recover.
This is likely their prescribed goal.
An economy that heals by allowing the workers and producers in this nation to keep what they have earned, invest it in new growth, the adding of jobs, and the expansion of production in America, would be the greatest thing liberal party leaders fear.
For the record, I've opposed all of our bailout and stimulus efforts from the very first ones in mid-2008. I've repeatedly written and advocated on Fox News, radio, and elsewhere that bailouts (artificial props under poorly performing companies) never succeed, and the price of not allowing failure merely extends the long term losses.
But let's give Obama and company benefit of the doubt for the moment, just for the sake of argument. Let's argue that the Government taking from us 1.3 trillion dollars in taxes will turn things around. How then should it be spent? What has emerged from the House and Senate proceedings is a slab of pork spending so large in scope the average tax-payer will gasp with offense when the final list is revealed. (Among the items, millions for condoms, hundreds of millions of STD awareness, even rumored water parks for Florida.)
But since this is imaginary land and we're pretending that taxing us 1.3 trillion dollars will solve the problems let's consider another way of using the money.
Most people do not realize that 1.3 trillion dollars is more money than if you spent one million dollars a day since the birth of Christ right up to present day. If you break it down across the raw population of America (not voters, not taxpayers, not even just adults - but EVERYONE) it would average out to be roughly $4290 per person. A married couple would garner a touch more than $8500. A family of four comes in at just over $17,000.
At a dinner party in Chicago this past friday evening I asked the four couples gathered around the table what they would do with that amount of money coming back to them from the government. Each of them mentioned housing projects, fix-me-up stuff, goods they were in need of, and some mentioned paying off debt. There were also mentions of new home electronic big ticket items, and the ladies around the table all day-dreamed momentarily of being able to do a spa day. Long story short, every item they talked about would have employed someone like a contractor, plumber, or electrician. They would have added to the welfare of commerce--big ticket items, new transportation, etc. And some would have even helped solidify the crumbling credit market by paying off credit card balances and putting cash back into the system.
If this was the case with merely five couples of very modest means, imagine the heat that would warm the economic engine from an entire nation responding this way.