Tuesday, August 17, 2010

SAY IT AIN'T SO, JOE!

That expression, “Say it ain’t so , Joe” was attributed to a young baseball fan as “Shoeless” Joe Jackson, of Chicago “Black Sox” fame, was leaving the court house after telling his story to the Grand Jury in 1920, about his role in a betting scandal involving baseball, and Joe supposedly said, “Yes, kid, I’m afraid it is”.

Can you imagine if “Joe” Biden, of Vice-Pres. fame, would say that same phrase to someone asking him about his and the Messiah’s policies about what they are trying to shove down the throats of the American people? The answer would probably be, “Like a snowball in hell” as neither Biden nor Obama would admit that their policies would be considered detrimental to our country’s well-being. You wouldn’t expect a sensible answer from these two lawyers with a minimum of practical business and economic experience, since there isn’t an ounce of humility left in either one of them.

Joe Biden and Barack Hussein Obama are pushing policies that are so devoid of economic common sense and reason that it is mind-boggling, to say the least. We should be on the fast track to recovery by now, but due to the inane and unworkable policies put forth by this duo and the Democrats in Congress, our recession has a good chance of becoming a full-fledged depression as of the beginning of 2011.

Economist Arthur Laffer, in his article that appeared in the Wall Street Journal recently, is predicting that if we don’t change our present economic policies, we will be headed for an economic collapse in 2011. He points out that on or about Jan. 1, 2011, federal, state and local tax rates are scheduled to rise quite sharply. President George W. Bush’s tax cuts expire on that date, meaning that the highest federal personal income tax rate will go to 39.6% from 35%, the highest federal dividend tax rate pops up to 39.6% from 15%, the capital gains tax rate to 20% from 15%, and the estate (death) tax rate to 55% from zero. Lots and lots of other changes will also occur as a result of the sunset provision of the Bush tax cuts.

It is a fact that only 8% of the people in the Obama Administration have had any kind of practical “Business” experience, as most are lawyers, professional politicians, academics, or various and sundry bureaucrats. This lack of hands-on business experience could explain why the policies that could and should give the private sector business a boost have not been put into effect due to this economic and business ignorance on the part of the President and his Administration. You don’t grow GNP by expanding government and its bureaucracy, as they don’t produce goods or services, thereby generating revenue for the government and by creating tax paying jobs to produce those goods and services. The “stimulus” package enacted by the Obama Administration has not had the effect on jobs they predicted when proposing it, in fact the unemployment rate has gone up to 10% when they said it wouldn’t go above 8%. It has been a monumental failure. A basic economic principle is that you can’t create prosperity by the over taxing of its citizens and over spending by the government. Tax incentives to encourage businesses to hire workers and to expand its operations is what is needed, not government handouts to the favored few.

It seems like everything the Obama Administration proposes is anti-private sector business. Most of their efforts seem to be going to their labor union friends and to government employees, both of whom support the Democrats overwhelmingly come election time. You could say its payback time.

It boggles the mind why the Obama Administration continues on their disastrous economic policies when history tells us that by reducing taxes and easing onerous regulations that strangle business, it would turn around this economy almost overnight. It must be ideology, on the part of the Democrats and Obama, and their propensity to embrace failed European socialist policies, that is driving them toward a major electoral defeat this coming November.

For our country’s sake, let’s clean the HOUSE (and Senate too) this coming November and vote the tax and spend incumbents out and put into place some free enterprise capitalists in place of the pseudo- socialists that are now screwing up our economy.

Unfortunately, the candidness of a “Shoeless” Joe Jackson will be missing and not be heard, in the halls of Congress or in the White House, as the political spin will take precedence over truth and candor, if we leave these miscreants in office. Let’s start by voting the bums out in November!

Conservative comments by Chuck Lehmann


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2 comments:

Jck Kurty said...

The "Keystone Kops" of Obama, Biden, Pelosi, and Reid are in favor of trickle-down immorality as practiced by the Democrats as opposed to the trickle-down economics as practiced by the Republicans. The old adage that you don't help the people riding in the wagon by punishing the people pulling it certainly applies to these false prophets of "hope and change".

Conservative Blogger said...

The answer should be easy this November. Every Democrat must go! They have supported the Regime tearing up our Constitution. Our founding Fathers would be sick to their stomachs with the condition of our once great Nation.