Political Hay
Obama’s Job-Killing Agenda
You ain’t seen nothin’ yet.
“You ain’t seen nothin’ yet” was Ronald Reagan’s standard rally-ending line during his 1984 reelection campaign. He won 49 states, losing only his opponent’s home state, Minnesota, 49.7 percent to 49.5 percent.
Obama could truthfully use the same “ain’t seen nothin’ yet” line, except Reagan was referring to more jobs, smaller government and more individual freedom, while Obama is pushing a job-killing agenda that promises to expand an already bloated government while simultaneously shrinking individual freedom.
In its latest official tally of jobs being lost per month, more than seven months after Obama’s $787 billion non-stimulating stimulus bill was rushed through Congress, the Labor Department reported that 263,000 more jobs were lost in September, increasing the unemployment rate to 9.8 percent and bringing the total number of unemployed to 15.1 million.
That doesn’t count the so-called “discouraged” workers who’ve quit looking for work and are no longer considered part of the labor force. By the Labor Department’s count, the U.S. workforce is currently 615,000 workers smaller than it was a year ago, even though the working age population is expanding.
Also uncounted in the 9.8 percent unemployment rate are part-timers seeking full-time work. Add these underemployed part-timers and the “discouraged” to the official jobless rate and the real unemployment rate in September was 17 percent.
In January, urging quick passage of the stimulus bill, President Obama called the legislation “the most sweeping economic recovery act in history” and said it would “save or create 2.5 million jobs” — and quickly, via “shovel-ready” projects.
Instead, most of the shovels are still hanging in the garage and the economy has lost 2.7 million jobs since the “most sweeping” stimulus bill was signed into law in February.
“In my wildest dreams,” declared Vice President Joe Biden, painting the stimulus as an unqualified success in a speech to the nation’s governors on September 24, “I never thought it would work this well.”
What will also work well in creating jobs, according to Obama and the Congressional Democrats, is their real clunker of an economic recovery agenda that includes a carbon tax, higher energy prices for consumers and employers, the cancellation of secret ballots for workers in union organizing drives, mandated hikes in the minimum wage, higher payroll taxes on businesses to fund the administration’s health care schemes, and higher tax rates on the incomes of the nation’s key job creators.
Under tax hikes now being considered, the top federal tax rate on income would climb to 45 percent. In states with top tax rates, the combined federal, state and local tax on income would exceed 50 percent.
“Three fourths of those affected by these rate changes are small-business owners,” says Sen. Sam Brownback, R-Kansas, meaning that funds will be drained directly from “the sector of the U.S. economy that’s producing 63 percent of all the new jobs created.”
Adding to this capital drain from the private sector and the subsequent job destruction is the Obama administration’s cap and trade proposal to address the supposed dangers of global warming, even with kids in Idaho this year enjoying the earliest no-school snow day in history.
As Obama explained in January 2008 during an interview with the editorial board of the San Francisco Chronicle, “Under my plan of a cap and trade system, electricity rates would necessarily skyrocket.”
An analysis by the U.S. Department of Treasury estimates that the cost of cap and trade law per American household could run as high as $1,761 per year. On top of seeing no problem with skyrocketing prices for electricity, Obama explained during the same interview how bankruptcy is the answer for the disobedient: “So if somebody wants to build a coal-powered plant, they can; it’s just that it will bankrupt them because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted.”
When he took office on January 20, 1981, Reagan inherited a zero-growth economy with unemployment and inflation rates, respectively, of 7.4 percent and 10.4 percent in the final quarter of 1980.
By the end of the Reagan’s presidency in 1988, the unemployment and inflation rates had dropped, respectively, to 5.4 percent and 4.2 percent, an economic success that particularly benefited those at the bottom who could least afford double-digit price increases, an economic success that especially helped the jobless, the millions who moved from unemployment to a paycheck.
Reagan’s economic achievements were produced by tax cuts and a program of smaller government. Obama, advocating an agenda that’s exactly the opposite, is likely to get a result that’s the exact opposite of Reagan’s successes.
About the Author
Ralph R. Reiland is the B. Kenneth Simon professor of free enterprise and an associate professor of economics at Robert Morris University in Pittsburgh.
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Michael L. Hauschild| 10.12.09 @ 6:37AM
It's the economy, cognizant! Great piece.
Alan Brooks| 10.12.09 @ 6:41PM
the dignified are of a previous generation: Reagan's.
See, the economy WILL grow, because no one will go broke underestimating taste. Porn, general trashiness; this that the other. Some of you have the notion another Reagan will come along and bring back dignity. Guess again. The future is soma, sex, 20 somethings acting like teenagers.
Young in mind but not at heart.
You don't want to accept that brave new world is here and now.
But soon you will have to.
Alan Brooks| 10.12.09 @ 6:46PM
Your 'mistake', an entirely understandable one, is thinking Obama is a cause. He is merely a symptom. He has to play with the dystopian cards he has been given to deal. I have no family anymore so I can afford to dwell on all this.
How sad we can have anything we want except dignity!
Alan Brooks| 10.12.09 @ 6:57PM
Swear, there is no schadenfreude on my part, I don't enjoy anyone's misfortune; in fact, now the jokes that we make on this burgeoning dystopia are at our own expense(s).
Not to belabor it too much, but my conscience is a guilty one, everything DOES eventually come back to haunt us. It can't be denied any longer.
It's as real as anything. I am experiencing what the vernacular calls 'payback'.
The wages of 21st century sin are dystopia.
Deborah D | 10.12.09 @ 7:04AM
But, I thought Reaganism has died a deserved death? Because Reagan is just so 1980's!
As Charles Krauthammer has said: "Decline is a choice." And it's a choice Obama and the leftists in his administration and Congress have made intentionally. Read Krauthammer here: http://www.weeklystandard.com/.....r.asp?pg=1
It's not enough for Obama to tear his country down internationally. He fully intends to tear it down economically as well. Perhaps eventually, even those people in the MSM might start getting nervous about their children's future. If they don't (and soon), I hope they live to experience the revulsion their children will have for them when they realize what their parents have done to their country.
Olivia| 11.9.09 @ 7:49PM
thanks for the link. It helps explain what people mean (I assume) when they say Obama intends "to destroy capitalism, freedom, and the Constitution" or he "hates our entire way of life." While I don't think these statements are quite accurate, I can see how you can interpret his policies to have those eventual effects and meanings.
Also, on a different, but related subject, the following article looks at American exceptionalism not from the nation's POV, but from the citizens. I wonder how people feel about that?
http://www.boston.com/bostongl.....?page=full
mickeymat| 10.12.09 @ 7:07AM
There are so many other things this president has done to discourage jobs-the taxes on imported goods that spawned retaliation from Mexico and China which lost thousands of jobs in key industries, his bad mouthing of trips to Las Vegas, the demonization of various industries and of making money in general, accusations of corruption in respected professions like medicine, and on it goes. It is beyond understanding that Americans seem unable to put everything together based on the statements of this man. He hates Capitalism and thus hates our entire way of life. He hates plain and simple. When will we as a nation return the favor?
Shamus| 10.12.09 @ 7:25AM
When your friend loses his job it's a recession. When you lose your job it's a depression. When Barrack Obama loses his job it's a recovery.
Scamus| 10.13.09 @ 4:19AM
No, when 0 loses his job that's just a bear market rally. It's when the rest of his pals in Congress lose their jobs that we have a recovery!
Jim O'Brien| 10.12.09 @ 7:47AM
Obama has announced that he will let the Bush tax cuts expire. That alone will result in the loss of millions of jobs, not to mention lower GDP and lower tax revenues. Add cap & trade, and Obama will kill a few million more jobs, drive businesses out of the U.S., further reduce GDP, and further reduce tax revenues. Obama's agenda is idiotic, unless his intent is to destroy capitalism, freedom, and the Constitution.
Bill J| 10.12.09 @ 9:41PM
That last sentence is the correct analysis!
Melvin| 10.12.09 @ 8:04AM
There is one way to stop this insanity. The lifeblood of government is revenue. If we don't pay taxes government picks us off one by one and exhibits us to others, "This is what happens to those who don't pay."
But, if we don't spend, conduct work slowdown and even go so far as a national strike, this would go for the juggler of government. Will there be pain with this approach absolutely, will Americans have to sacrifice, absolutely, but no more sacrifice than we're already living with such as high taxes, losing jobs, ect.
If the producers conduct a national strike, what is the government going to do? We are not breaking any known laws.
Just something non-violent to think about to jerk government's chain.
Big J| 10.12.09 @ 8:22AM
We're with you, Melvin.
Come join us at www.myteamusa.org. We are planning such a strike, in a LEGAL manner. We just need to gather enough participants to make a TRUE difference.
As for my business, we are going to apply for a payment plan for last year's tax bill (what we didn't already pay - absolutely astounding that the government feels good about taking 35 cents from every dollar we make). I'm thinking maybe $25 per month?
By the way, wait for it:
Bob will be here shortly clamoring about graphs and charts and no evidence that Reagan's tax cuts had anything to do with the largest period of peace-time economic growth in American history.
With the true unemployment rate around 16%, how's that Hope-N-Change™ workin' for ya, Bob?
JimJam| 10.12.09 @ 12:00PM
This would play right into the hands of Obama and his masters. He hates the US, thus anything that furthers it's destruction will work right along with his plans. This is what the socialists in Britain did in the 70s and it virtually destroyed their economy. Every move Obama makes is with the thought out intention of hurting this country. Watch for the 2010 elections to be ripe with fraudulent results favoring the Dems or suspended altogether by these Marxists.
Mattled| 10.12.09 @ 8:06AM
Of course killing jobs and the economy are part of his agenda.
The Cloward-Piven Strategy is working perfectly.
Kill capitalism and then create the illusion of creating jobs, have a compliant press and the sheeple will vote him in again.
The only thing we have going for us is his health is not good.
Lawrence Boccardi| 10.12.09 @ 8:26AM
I'm almost amused bt your consternation. This is exactly as we thought this Marxist muslim would govern. That, by the way, is the reason we cannot see his birth certificate or college records. It states his religion as Islam. What does trouble me however, is that I do not know one Obama voter that expresses regret. So, my friends, we are peeing on our own legs, for the warm feeling.
Pingback| 10.12.09 @ 8:52AM
Twitter Trackbacks for The American Spectator : Obama's Job-Killing Agenda [spectato links to this page. Here’s an excerpt:
Mattled| 10.12.09 @ 9:00AM
Lawrence,
My in-laws still claim that Jimmy Carter was a great president.
Liberals are delusional and do not base anything on facts.
My mother-in-law has no friends anymore. My father-in-law claims it's because her friends in recent years have become too "cliquey".
No. Spend half an hour with her and you'll see why she has no friends.
She thinks every Michael Moore movie is fact-based and true.
She thinks ABC's Chris Cuomo is a fair and balanced "journalist".
And if you don't agree with her---she screams at you. Literally.
Why bother with such people?
Ken (Old Texican)| 10.12.09 @ 9:39AM
DEBORAH D, Thank you so much for linking the article by Krauthammer above. I had missed it.
Everyone, please take the time to read it through. There is some regurgitation, true, but the overall point by point PRESCRIPTIONS are precisely on point.
Deborah D | 10.13.09 @ 6:24AM
You're welcome, Ken. When an intellectual in D.C. (who is respected by left and right) starts stating the truth about Obama, then perhaps people in D.C. will actually pay attention. Those normal Democrats who really didn't envision this destruction might finally open their eyes a bit. That's my hope anyway -- but I fear they are all delusional in thinking that "when you tear the pillars down the roof will continue to hover in the air." (David Warren -- Ottawa Citizen).
Pingback| 10.12.09 @ 9:55AM
Obama’s job-killing agenda… « Jacksonian Lawyer's Blog links to this page. Here’s an excerpt:
Ken (Old Texican)| 10.12.09 @ 10:39AM
10-12-09
We at Team America honestly believe we have the tools to cripple the communist agenda being enacted by the administration. We now have a base of membership to begin a "telephone tree" across 21 "Swing" States and we could surely use your help.
In the next few days, our entrance gateway to our site will be modified to allow new team mates at no charge. We hope each of you will join us. As Big J. mentioned above, we must help the "Tea Parties" groups move from simple demonstrations, to actual POLITICAL LEVERAGE, and very quickly.
Ladies and gentlemen, our goals are very simple and very "big tent".
1. We want to preserve our Constitution from destruction.
2. We want to protect our country from external threats.
3. We want to preserve our unique Liberty and freedom.
See, as Mr. Krauthammer points out in the article above, we are the only country in the world that is made up of citizens rather than subjects. Help us maintain our citizenship.
Please, put our site in your favorites or book marks and keep checking in to join and see OUR agenda. See for yourself if our efforts are worthy of you.
www.myteamusa.org
Mary Louise| 10.12.09 @ 11:20AM
I don't see how you can bring the Nation back from the brink without a thorough examination of these last two decades. Maybe even more.
At some point you really do have to have someone willing to tell the American people the truth, and be willing to lose because of that.
Look at Steele. The only thing he's doing successfully is pandering, most especially to our Senior Citizens.
We've been bleeding good jobs for a very long time. We're not all equipped or even desirous of attending College. Republican best and brightest advocate providing a stipend for a certain class of men in order to make them better propspects for marriage. I've ridiculed that, but the inability to find a good job is a huge problem. I live in an area that is relatively stable, but there are no jobs replacing the great ones we lost. We've been waiting for that lagging indicator to materialize for the last 20 years.
Very few want to go back in time, but we do need to start making some greatthings again.
We can't just shop.
Katie Hussein Couric| 10.12.09 @ 11:48AM
I've wondered too, about the MSM,,,sooner or later they're going to have to take a paycut, unless Obingo nationalizes CBS too. But seriously, conservatives should'nt let this crisis go to waste. This is actually a gift, a chance to galvanize themselves, to ignore the Crists and the McCains, because I don't think anyone out there (except maybe in San Francisco) is actually FOR bigger government and higher taxes.
Grzmlyk| 10.12.09 @ 12:53PM
I read the exchange between Mattled and Lawrence and will just throw in my two cents:
Mattled, I'm surprised you mother-in-law has no more friends. I should introduce her to everyone I know. They'd welcome her with open arms. In the three or four circles in which I travel, I am the one who is alone.
Virtually all of my colleagues and peers really believe Obama is a great man and an even greater president. They believe that capitalism (for everyone but them) is bad, and that government in the hands of liberals is beneficent. The more that is owned by the government (except for THEIR stuff), the better.
I will never understand why liberals refuse to see what is right in front of them. Every day brings a new outrage on the part of our jester-in-chief, and I always want to email a few of these folks and scream, "NOW DO YOU UNDERSTAND?" But I don't because they never will.
Not until they are in bondage, and maybe not even then.
Campy| 10.12.09 @ 4:13PM
Grz,
Understand what you mean about feeling politically alone, and wish I knew you in person. Have you noticed a more vehement negative shift towards capitalism per se of late? Seems that frustration is building up with libs and they're looking for a target....but, of course, it can't be O...
Big Leo... you MUST be a saint!! Laughed my head off!!
Tim| 10.12.09 @ 1:25PM
I could just see it now,
It's 2011 and a strong capitalist leader from another country comes to address a huge rally in the Washington Mall and shouts out in the middle of his speach to a million plus people gathered...
"Mr. Obama, tear down this wall which is choking the working class......lower the taxes so that the USA will create private sector Jobs and so the working people can once again have money to buy things"
martin j smith| 10.12.09 @ 1:38PM
The notion that obama's economic policy is destructive is what I have been hearing about on Talk Radio so its good to hear more "moderate " pundits see the light But ( and I know this is a foolish question so its Rhetortical ) where are the leaders of the party of capitalism ? And where are those voters who thought that they were voting of moderation are getting exactly the opposite. ?
The response to any criticism of Obama consists words of about 4 letters in fact if not in spririt. its getting to be time to think about another 9/12
Ed| 10.12.09 @ 2:42PM
The only thing that is "shovel ready" is the Augean Stables in the White House. Even Hercules would despair at finishing that job.
Big Leo| 10.12.09 @ 2:55PM
Mattled - " She thinks every Michael Moore movie is fact-based and true. She thinks ABC's Chris Cuomo is a fair and balanced "journalist". And if you don't agree with her---she screams at you. Literally." I just spent a week with your mother-in-law-- actually, my stepmother-in-law, but the same person.
Those who doubt that I am a living saint should only note that we went deep sea fishing in Mexico and she came back.
Marc Jeric| 10.12.09 @ 3:50PM
Abu Hussein from Kenya, our Community Organizer-in-Chief, is a disciple of Karl Marx. We may be in the 70-year span of a communist USA just like Russia. Everythig Marx said was wrong - but our intelectual elites think he was right; it's only that Lenin-Stalin implementation was wrong and they will do it better. I am glad of being too old to see this conspiracy being executed. Maybe we will all stop being "citizens" while being trained to become "subjects".
Ken (Old Texican)| 10.12.09 @ 4:07PM
Marc
Not me. They will have to kill me....and several dozen million other patriots. Lock and load.
(smile).
The thing you must remember is that they(communists) are essentially cowards.
martin j smith| 10.12.09 @ 5:36PM
Here is an example of the problem: ABC Radio news is suggesting that "experts" think the recession is ending. Not a word about the high unemployment rate and not a word about potential future high taxation. I am not an economist nor an expert on the stock market but many can be fooled about the higher market numbers mean the economy is better or getting better. Here is the irony: they forgot that when the market numbers were tumbling so were layoffs. The market is rising yet layoffs are rising.
So--there is not a direct connection between employment and the market but this is too complicated for the Obama adherents to see except perhaps when they too get the pink slip .
As for elections: I agree that I would not trust the Democratic Party at all to not pull fast ones. The equally greater problem is that the Republican Party leadership does not get it or at least act as though they are clueless. This combination of factors troubles me. The Republican Party appears to be shooting itself in the foot. Why--? --This is an excellent topic for investigative reporting.
Margie| 10.12.09 @ 9:45PM
I can relate, except mine are not only the in-laws, but my entire family are Dems. Well, ok, my one Sister in law is a registered Repub. but she "doesn't agree with me." My Mom actually said to me, "I can't believe we raised you to be a Republican!" To which I laughed and said that she didn't. I desired, like usual, to try and explain to her just how I became a Republican, and why, but as usual she didn't want to talk about it. My Mom & Sis like "The View" t.v. show. They think Rush should be shot, and that he hates America. To which I said if they shoot Rush they'll have to shoot me too, to which they were horrified. The only "free speech" when I go to visit, is theirs. Unless of course I am willing to talk about the weather or any other subject other than reality. I scare my Mother, she has said, but Joy Bahar doesn't scare her. Katie Couric and Diane Sawyer don't scare her. Art Bell doesn't even scare her. Then there's my Sis. No longer on speaking terms, as it is with my brother and his wonderful Wife. I don't even have to say one word, they just KNOW what I think, and therefore to make sure that they never hear a word I speak, I am not welcome. My Sister once told me that she risks being excommunicated from the family by talking to me. Yes, the Liberals are all about free speech. Just as long as they are the ones speaking.
The one good thing about all of this is that if anyone can understand the mind of a Liberal, it's me.
Well folks, you can't change people's minds. But you can pray that God does.
I vote Republican because it's the party closet to what the Founding Fathers wanted and is the best form of government. Liberalism in the form of RINO'S has overtaken the GOP but we need to back conservatives and make sure to vote in the Primaries and not sit home. Third parties don't work and that is a fact. If we don't want Obama II you have to vote Republican, that's the way I see it.
Margie| 10.12.09 @ 10:04PM
Apologies for the above at length post, remove it if you wish, I just thought I'd add to the "fun".
As to the article, Marc Jeric is correct. Obama is a Marxist, just read his autobiography to see what he believes. The sad thing is that because of the people who chose to live in a fantasy world and believe Obama is saving them are the same people that will vote for him again. Hey what happened to all the trolls? Today must have been a Holiday or perhaps they are having a revival meeting to better plan their attacks because more and more of us are taking them on. LOL, there is yet hope!
Margie| 10.12.09 @ 10:07PM
P.S. Sarah Palin IS the ultimate conservative Reagan Republican. Prayer, we need to pray that she is part of the retaking of the GOP.
rebel| 10.13.09 @ 7:55AM
I am truly amazed at the delusional on this comment section. Apparently most of you have decided that it's liberal vs. conservative or even worse - Dem. vs. Rep.
Of course Marxism will never work. He left out a fatal factor in his (Marx) theory.
Greed.
And if you admire the fuel of capitalism because it seems to run so well, just remember that fuel is the same.
Greed.
Those poor misguided people longing for the days of Reagan have poor memories. Yes, he cut taxes, but he forgot to cut spending. So the end result is what we continue today. More and more debt, so we don't have to suffer the recession of belt-tightening. Only now, our credit cards are all maxed out! If you don't believe me, just look up the nat'l debt when Carter left office and look at it now. Both parties have had turns doing the exact same thing.
We had a choice for a brief moment in 1992 when Perot stood on stage between the two thieves that sold us NAFTA.
But did we listen?
NOOOOO!!!!!
Margie| 10.13.09 @ 2:02PM
LOL rebel! In reality, they did listen. They voted for Perot, and we got Clinton! So much for third parties.
Message to voters: They don't work! Do you want Obama II? If so, vote third party!
Bram| 10.13.09 @ 8:40AM
rebel - Two problems with your analysis:
Reagan, as President, can only sign or veto legislation. It was the Democrat controlled Congress that passed the tax cuts and set spending levels. Just as today's Congress is putting bad legislation on Obama's desk to sign,
That said, the tax cuts worked since revenue steadily increased through the 80's due to rapid economic growth. The supply-siders were right. Unfortunately the S&L meltdown came along, Bush Sr. decided the feds should bail them out and the deficiet ballooned again in the early 90's.
rebel| 10.13.09 @ 10:34AM
Bram,
"preciate the comment and you are right. That's why I noted that it was BOTH parties' fault. It took Reagan and Tip O'Neil to tango. But tango they did.
The fact is The Gipper didn't lift his veto pen when he should have. That is IF he truly believed in smaller gov't.
All I'm saying is Republicans need to take him off the pedestal and put him away. He wasn't all that and a bag of chips.
I feel the same way about Slick Willy. Most of his success was smoke and mirrors, too.
It would be nice if we could wave the magic tax cut wand and fix everything with that, but it's too late now.
At 10+ trillion nat'l debt now (we had 1 trillion in 1980) I'm afraid the answer is higher taxes AND deep, deep spending cuts.
All right, all in favor, raise your hands!..............
.........................................................................
See? That's what I'm afraid of.
No one that wants a political future would run on that campaign and you would need a bullet proof vest for a town hall meeting.
But I'm afraid that's the only way out of this hole we started digging 30 years ago.
Margie| 10.13.09 @ 2:08PM
"I'm afraid the answer is higher taxes"
~Oh yeah, that'll sell.
"All I'm saying is Republicans need to take him off the pedestal and put him away. He wasn't all that and a bag of chips."
~Sorry, not gonna happen, chappy. I do believe you are barking up the wrong tree if you could even possibly begin to think that it would.
rebel| 10.13.09 @ 4:15PM
Well Margie. you left out the "deep, deep cuts in spending" when you quoted me, so I thought I'd make that clear.
And you're right - it won't sell.
Unfortunately, that means that debt will doom us.
That's the alternative.
When 2011 comes and we have to start paying those 30 year bonds that were sold in 1981 at nearly 20% interest - you'll find out what I'm talking about.
Margie| 10.13.09 @ 10:53PM
I left it out because I agree with it. I wasn't protesting that part of your statement. Now, if we had DEEP tax cuts and DEEP spending cuts, we'd have a flourishing economy.
THAT is something the Left refuses to ever do, and That's why the debt will doom us.
rebel| 10.13.09 @ 4:27PM
For those who aren't familiar with the way the U.S. finances its debt, we do this by selling bonds.
Back when Reagan took office unemployment was high, inflation was high and the prime rate was close to 20%. That's how bonds are priced. If you bought $100 bond back then, at maturity it would be worth $1200.
Now do the math on $2 trillion. That was the debt accumulated between 1980 - 88. The interest won't be that high on all of it, but you get the picture.
Our debt is now over $10 trillion, without interest. So you can see where we're heading - like it or not.
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Hey there, I usually don't comment but figured I would do it now. Plain and simple I like your website.
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