In today's weekly radio spot, president Obama asked Americans to read his new "jobs" bill for themselves and judge whether or not it will help. Okay! I read the bill, all of the bill. My guess is that puts me in the company of probably a few thousand folks who made their way through all the legalese and other nonsense crammed into the Obama bill. Guess what? I did not like it, Mr. President. In fact, I think that the basic premise of the bill is flawed. It simply does not make sense to impose permanent large tax increases on some people and companies just to reduce taxes on other folks temporarily in the next year. This is particularly true when one adds in the fact that those who will get hit with the major tax increases are the same companies and people who do the bulk of hiring in this country. The rule of thumb with taxes is that when government taxes something, it gets less of what is taxed. In other words, if the federal government increases taxes on those who create jobs, we will all get fewer jobs created as a result.
The argument for the Obama bill is not even a close one. Obama's bill is based upon faulty logic; it will not work, and most people can understand that. Indeed, even after all the hoopla put forth by Obama and the Obamacrats, a recent poll found that a majority of Americans said the Obama bill would not help create jobs.
Seems like Obama is discovering that P T Barnum was correct: you cannot fool all of the people all of the time.
No comments:
Post a Comment