Kevin McCullough : Why Hope & Change Isn't Working Economically - Townhall.com
Two significant promises have been broken by the administration on the issue of jobs.
1. That they would prevent the unemployment number from ever breaching the 8% barrier.
On two levels, President Obama intends to tax the American people and then turn around and give them "free entitlements." On health care, his administration is willing to spend upwards of $17,000 per breathing individual in the nation, to offer universal health care coverage to those people who could purchase it for less than $6000 per year. In the process he is willing to bankrupt the competitive nature of health care by running private insurance out of business.
In addition, he is also attempting to pass on the single largest tax increase ever allocated against the poor in this nation through his dastardly cap-and-trade legislation. Through smoke and mirrors he pretends to punish corporations. But companies never pay taxes. They never have. And they will not under cap-and-trade. They will either pass the cost on to their customers, or they will go bankrupt. They have no other options.
2. That 90% of the new jobs created by the Economic Recovery Act (Stimulus) would be private sector-based jobs.
Additional tax burdens, wasteful use of stimulus funds, and merely creating more government control are exactly the opposite of things any administration should be doing when needing to create more jobs.
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