Wow! President Obama just announced temporary(!) tax cuts and other actions designed to help small businesses because that's the real jobs engine in America (70% of jobs in America). Why does that approach sound familiar? Hmmmmm.
Oh yeah! That's what Republicans have been pushing hard for ALL YEAR! It is exactly what Republicans, especially we conservatives, have been saying ALL YEAR is a much better way to revive the economy than bailing out and stimulating big companies.
Hmmmm. All the government bailouts and 'stimulus' spending hasn't done anywhere near what Democrats said it would do because it left out stimulus to the largest jobs sector. Our 10% unemployment rate has proven the President didn't understand what really stimulates jobs. His concession to do what Republicans have wanted all year vindicates their arguments and is a defacto admission that he let PARTISAN politics and agenda get in the way of a more balanced and more effective solution.
If he thinks that stimulating small businesses really IS a good approach after all, imagine how much better shape we'd be in if he had involved ALL parties in the original solution rather than shutting Republicans out of the legislative process. I said it then in my blog and I'll say it again. These are serious problems we face and we need the ABSOLUTE BEST FROM EVERYONE BEING INVOLVED. No one person or party has all the best solutions. We continue paying a BIG price for Dems shutting Republicans completely out of the legislative process all year. And they have the nerve to say Republicans are being partisan? That's pretty funny now that even Obama admits the Republican approaches are also needed. I'd laugh if I weren't in so much economic pain. Thanks guys!
One rather amazing thing about Obama's new jobs initiative is that, now admitting that tax cuts and other incentives to small businesses are essential to getting our economy back on track, he INEXPLICABLY says he'll not only limit these tax cuts to one year, but he'll actually INCREASE taxes above current levels on small businesses then! If he really believes that tax cuts stimulate small business growth in proposing the new incentives, what does he think will happen when he raises them back up (even beyond current levels!) in a year?
I don't know about you but this makes absolutely no sense to me. The only way to connect these dots is to say that his liberal agenda is more important than a healthier ecomony (that he needs to pay for his 'stuff'). In effect, HE is admitting that reducing taxes leads to growth so increasing taxes obviously leads to killing jobs doesn't it? Talk about a bizzaro world!
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