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During his press conference tonight, Obama made claims on taxes and jobs that invite rebuttal:
“We began by passing a Recovery Act that has already saved or created over 150,000 jobs and provided a tax cut to 95% of all working families.”
First, cutting taxes for “95% of all working families” is mathematically impossible. Obama is referring to the “Making Work Pay” refundable tax credit, which took effect on April 1. According to IRS data, one-third of all income tax filers don’t have a federal income tax liability. About 15 percent of all working families don’t even have a FICA tax liability, and these numbers are before taking into effect all the new refundable tax credits of the Obama budget. For these “working families,” all Obama’s budget will do is cut them the equivalent of a welfare check.
Second, there is no intellectually honest way to measure “saved or created” jobs. As Senate Finance Committee Chairman Max Baucus (D-Mont.) said on March 4 to Tim Geithner: “You created a situation where you cannot be wrong. If the economy loses 2 million jobs over the next few years, you can say yes, but it would’ve lost 5.5 million jobs. If we create a million jobs, you can say, well, it would have lost 2.5 million jobs,” Baucus said. “You’ve given yourself complete leverage where you cannot be wrong, because you can take any scenario and make yourself look correct.”
A man of faith in a godless age is hitting Americans where it hurts.
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
In Britain, defending your property can get you life.
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
Was the President done in by the economy, or by the politics of the economy?