Common Sense vs. Obamanomics If you caught Steve Wynn on FoxNews Sunday with Chris Wallace today, perhaps like me, you thought of the image above. Mr. Wynn is right! Barack Obama's entire domestic agenda is based on a false premise. In fact, in all that Obama is pushing his fatal flaw is that he has put the cart before the horse. The cart being comprised of health care reform, economic stimulus, cap-and-trade, tax increases, wealth redistribution, ....etc....etc... And the horse being job creation.
The false premise being that you cannot redistribute what you don't have. If 7 to 16 million Americans are jobless, giving them health care reform that they cannot afford is meaningless. Solving the problems of the universe through cap-and-trade by raising utility bills for those on government assistance will only increase the amount needed for such entitlements. In fact without the ability to provide for ourselves, life itself is pretty much meaningless.
Last week 35,000 Americans lined the streets of Detroit hoping for a one time handout. If the government provides this one time handout, what will those people do next month? When the government provides a one time stimulus of $600, how far does that go?
Mr. Wynn is right in saying that without job creation there is nothing. Obama is creating a blackhole wherein an ever shrinking workforce will be forced to pay an ever increasing amount of taxes to support the ever expanding base of unemployed. And it won't end until the government listens to people like Mr. Wynn and starts to implement tax policies that promote incentives for businesses to expand and hire.
The only way this is going to happen in a timely manner is for the priorities to change. Left and Right must join together as one, and demand that Congress change its priorities. Cap-and-trade, health care reform, so called economic stimulus, tax increases, and wealth redistribution need to be tabled. The number one priority today is job creation and the way to do it is through tax policies.
I live my life one day at a time. As a business owner myself, my revenues are directly affected by the economic condition of my customers. If my customers can't afford my services, then my business suffers, and those who depend on me suffer. This is something that can't wait. We can't wait 4 years for Obama to impose his agenda while people are suffering daily. The uncertainty this administration has imposed on the business community is so thick you can cut it with a knife. We need action today.
"Hey Congress! The horse goes in front of the cart." Jobs, jobs, jobs, and then you can talk to us about your utopian fantasies.
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What have we learned in 2,064 years?
"The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance." Cicero - 55 BC
So, evidently, nothing...
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