New Steps for Job Growth -- 2

After my post yesterday lamenting the fact that the only response from president Obama to the worsening employment outlook has been speeches saying everything is peachy, I got an e-mail from a frequent reader who told me that he hears that the White House is considering a reduction of 2% in the employers portion of social security taxation. When I asked for the details, I learned that the rumors do not include when the cut would take place, if it would be retroactive for the year or how long it would last. In other words, someone has put out a trial balloon to see if there is positive reaction to a cut like this. It is not a real proposal; not surprising, it is just another political game from Obama. Indeed, if Obama thinks this is a good idea, then why doesn't he have the courage to come forward and propose it?


Two things are certain: 1)the state of the economy has been deteriorating. 2)nothing so far indicates that there will be a change in direction.

So what can one take away from these two facts? Only this: it appears that if nothing is done to change the dynamic, the economy is only going to get worse. And what is Obama doing? Nothing!

The sad thing is that the biggest economic/political news of the last week was the plan for growth put forward by Tim Pawlenty. A little known Republican candidate has the ability to enunciate a comprehensive growth plan for the economy. The media response has been to try to shoot holes in the plan, and there are ways to criticize what Pawlenty proposes. Nevertheless, where is the media when it is time to look at the inaction of Obama? Where is the criticism of his "plan". (Sorry that I called doing nothing but talking a "plan".) Pawlenty deserves major kudos for coming forward with a plan. Indeed, his goal of 5% growth in the economy is just the sort of thing we need. All of the handwringing from Obama about how 2% is actually great is just CYA talk from a man who obviously has no idea what to do now.

In 2008, we were told that Obama was a genius. He was so smart that he could lead us out of the economic mess that the country was in. Not only that, but Obama would have the services of economic geniuses from large institutions and Ivy League universities. With all that brain power, how could we lose. Indeed, it was so important that Obama have his brain trust around him that we also were told to ignore the tax evasion practices by Tim Geithner who just had to be Secretary of the Treasury.

So what has this genius and his brain trust done in nearly three years? They made it all much worse!! Hopefully, the American people will remember this in 2012 no matter how hard the media works to try to cover up the truth.