I'm on the edge of my seat. Obama says he will unveiling a new economic plan.
Obama says his plan will:
1) Increase infrastructure spending
2) Reduce deficit even more than promised
3) Not raise taxes
How will he spend more (another "stimulus") and cut the deficit without raising taxes? Obamath is why we are in this mess.
If the Trillion Dollar stimulus failed the first time, how will it succeed the second time? Do we need to gamble another trillion dollars?
If Obama wants to help the economy, he should reverse everything he's done in the past few years. Obama policies are failures:
1. Obamacare hinders hiring. Companies dont' know what's fully in it, so they hesitate.
2. The National Labor Board will sue you if you open a plant in a right-to-work state (like it is doing to Boeing)
3. The EPA's policies are shutting down manufacturing and preventing new ones from opening due to many burdensome regulations.
4. Dodd-Frank bill hurts small businesses from getting loans.
5. The ban on oil drilling forced thousands out of work.
6. There is tax uncertainty beyond 2012, with Obama saying he wants to raise taxes (which will effect small businesses, not just millionares)
7. The stimulus did nothing but funnel money into slush funds, payback supporters, and hire more bureaucrats, but it left the country with a $1T in more debt to pay.
8. Obama's crony capitalism: government subsidizing certain industries gives those industries an unfair competitve advantage. Companies receiving your taxpayer dollars will funnel some back to Obama's reelection.
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