According to an article in the Washington Times, president Obama wrote a letter to House Speaker John Boehner in which Obama stated that there are seven regulations under consideration for passage by government agencies that will cost the US economy between $38 and $100 billion. There are a batch more that will each cost at least $100 million. Think about that! Right now, Obama is supposedly finalizing a plan to create jobs by boosting the growth in the economy. One idea that has leaked is to extend the payroll tax holiday for another year. That will put about $120 billion into the ecnomy in 2012 above what is currently expected. It is the single biggest part of the Obama economic plan. Of course, if the proposed regulations go into effect, that $120 billion will be sucked right back out of the economy. That means no growth, no jobs and stagnation.
Boehner has done the country a service by asking the question of Obama which has forced the president to reveal these job killing regulations. How can Obama believe that Americans will ever take his proposals to create jobs seriously when he is still busy destroying jobs at the same time?
I haven't said it for a few weeks, but it is time for repetition: Obama has got to go!!!!!
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