His jobs plan is all about how stupid he thinks you — and the Republicans — are.
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The Foolish Politics of the Jobs Plan
Obama said in his weekly radio address on Saturday,
But rather than listen to you and put folks back to work, Republicans in the House spent the past couple of days picking partisan ideological fights. They’re seeing if they can roll back clean air and water protections…. They’re not focused on the concrete actions that will put people back to work right now. Well, we’re going to give them another chance to spend more time worrying about your jobs rather than keeping theirs…. And if they vote no on that, they’ll have to tell you why.
But the people elected the historic, landslide Republican majorities of 2010 precisely to stop the sort of foolishness in the Obama jobs plan. And I just explained above the economics of why Republicans should vote no on that plan. That basic economics is why the people sent the Republicans to Washington to vote no on the plan.
Moreover, even most Congressional Democrats know this is true. That is why Obama’s Jobs Plan cannot pass even the Democrat-controlled Senate, and no House Democrat has even introduced the plan in legislation. They know what the people said in 2010, and fear what they will say in 2012. So Obama needs to get his own Democrats in order before blaming the Republicans. But Obama thinks the public is too stupid to notice that even Congressional Democrats have failed to support the obviously foolish Obama jobs plan.
But Obama has answered his own question as to why the Republicans oppose his plan. As quoted in the Washington Post on October 7, the President explains: “Each time, what we’ve seen is games-playing, a preference to try to score political points rather than actually get something done.” The Post helpfully elaborated on the President’s message as, “while he has worked to improve the economy, the Republican opposition has chosen a strategy focused on denying him a second term rather than putting the country back to work.”
Note that Reagan never accused his Congressional opponents of opposing him in bad faith, rather than over disagreements of principle. But that accusation of bad faith opposition from the Republicans is the centerpiece of Obama’s desperate campaign now to avoid fatal political responsibility for the increasingly 1930s style results of Obamanomics. Instead of supporting what will work to get the country back to work, it is Obama who is pursuing a political strategy to blame the Republicans for the bad economy if they don’t support yet another warmed over version of his repeatedly failed, braindead, Keynesian economics, which the voters elected them to stop in 2010.
If Obama cannot understand the economic reasons why Republicans must oppose his wasteful and ineffective jobs plan, then he doesn’t have the smarts to lead the country after all, and all he could do to help end the misery is resign. And if Obama is just playacting that he cannot understand any reason for opposing his jobs plan other than political bad faith, then he should be asked to resign for that disgraceful political manipulation in the midst of this dramatic national crisis.
The smartest thing the Republicans could do is pass not the Obama Jobs Plan, but instead what will work to create jobs and get a real, way overdue, economic recovery underway. Then they can demand that if President Obama stands in the way, he must explain to the public why. Fortunately, Congressional Republicans have already proposed a great alternative of their own, which would create an economic boom. They just need to pass it out of the House now, and challenge the Democrats.
The Republican Alternative
Last week, Senate Republicans led by Senators John McCain (R-AZ), Rand Paul (R-KY), and Rob Portman (R-OH) introduced the Republican jobs plan, the Jobs Through Growth Act. House Republicans have already supported or even passed several components of that plan.
That plan includes both personal and corporate tax reform, closing loopholes in return for reducing rates. The top rate for both the personal and corporate tax would be reduced to 25 percent. The Ryan budget already passed by the House would apply that rate to family incomes over $100,000, with a 10 percent rate below that. These lower tax rates are crucial to incentives for increased production, because lower rates allow producers to keep a higher percentage of what they produce. That 25 percent corporate rate would restore international competitiveness for American companies, as most industrialized countries maintain rates at or below that.
The plan would also involve a Balanced Budget Amendment to the Constitution with firm caps on government spending, and a supermajority requirement for raising taxes. In addition, the plan would increase the President’s power to cut spending, with a line item veto. The plan would also cut future taxes and spending by trillions by repealing Obamacare.
The plan would also slash runaway federal regulation through the REINS (Regulation from the Executive In Need of Scrutiny) Act. That would require Congressional approval of any regulation costing $100 million or more, consistent with the framework of the Constitution, which grants the legislative power to Congress. The plan would also repeal Dodd-Frank and all of its new regulatory burdens on the finance industry, freeing it to provide essential credit to businesses and consumers. Those regulatory burdens are estimated to destroy nearly 5 million more jobs by 2015.
The EPA and other federal agencies are required to consider the impact on jobs and the economy before issuing any new regulation, with an estimate of the jobs to be lost. It also frees farmers from costly new dust regulations. In addition, the plan would require the Interior Department to allow offshore drilling exploration, and the entire Administration to expedite permits and leases for energy production. It also removes EPA’s authority for costly, economically destructive, and unnecessary greenhouse gas regulation.
The plan overall includes 28 components likely to create an overall economic boom if enacted. There’s your Republican alternative, President Obama.
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