As we wait for President Obama’s big new jobs plan, which will be the same as the old failed stimulus plan, in tonight speech to a joint session of Congress, it would behoove us to take a few minutes to watch the video below from the Cato Institute.
If we want to get out of these recessions we need to listen to what the businesses say will work for them. If it is a payoff to anyone like the unions it wont work. Growing government and our debt make the problem even worse. Do no harm.
The Republican plans put into effect what businesses say will help them grow. Obama's plan will most likely be a piecemeal of union and state bailouts and tax breaks. We can't afford to go into deeper debt. Do no harm.
Obama needs to stop trying to buy votes with gifts of tax payer money. If his jobs speech becomes a campaign speech loaded with political rhetoric and payoffs it will further turn off the country and the economy.
I wish he would get us cheep and domestic forms of reliable energy. In other words, "drill here, drill now". We will have a need for oil for some time now since green energy isn't even close to being ready. This will create jobs in many ways and help manufacturing make money with cheep energy.
We also need a new tax structure that takes the focus off of productivity and puts it on consumption. The private sector unions should love this one since it puts more profit in the companies hands to share. It will also help keep the jobs here instead of overseas.
Obama has built up this speech. Now lets see what he delivers. His future in politics is riding on it. If the Democratic Party tries to distance themselves from Obama after the speech we will know if it was successful or not. We need to start listening to what businesses and their owners say about the Obama jobs plan. If they like it all it will work. If it is a give and take then it will fail. Obama can't please everyone. If he pleases his "I want free stuff" constituents it will fail. If he gives us more of the same old stimulus that didn't work then we know he is crazy.