Obama's Economic Stimulus Omissions?
The cornerstone of magic acts revolves around the magicians’ ability to hide the deceptive elements that create the illusion. President-elect Obama’s American Recovery and Reinvestment Plan speech was brilliantly delivered. As intended, it blurred reality.
The audience heard him state that he will create 3 million jobs in the energy, education, and the healthcare sectors, which will be augmented by infrastructure projects. The cost of his vision will add another $775 billion to the national debt.
Improving the energy grid and computerizing medical records will indeed benefit the nation. And we need safe bridges. But adding 600,000 bureaucrats to the federal payroll, as promised, sounds like assault and battery on America’s taxpayers.
He also promised that 95% of Americans will receive a $1000 tax cut, the doubling of alternative energy resources and the federal bailout of states that have incurred huge deficits. He believes that all of these initiatives will be handled in the “spirit of responsibility.”
There were a few subjects that he failed to address. This was probably an oversight. For example, he didn’t mention that dumping another trillion dollars into the bailout will all but make China the defacto Secretary of the US Treasury. It’s possible China will keep our best interests in mind, when it decides what we should spend on national security.
Nor did he mention the reduction of capital gains and corporate taxes which would encourage the rebirth of manufacturing in the US. Maybe this is a green issue. Creating good paying jobs in the private sector would require people to drive to work, which in turn, could harm the environment.
And pardon the confusion over his definition of a tax cut. Forty percent of the targeted people pay no income tax. Sending them a check for $1000 smells a lot like fattening the Earned Income Credit (EIC), which is already the largest welfare boondoggle, with the greatest incidence of fraud, ever created.
He failed to mention a couple of options which would reduce the cost of private healthcare. Again, it was probably just an oversight. Illegal immigrants add $900 to the annual cost of every family’s healthcare premium. And state regulations, which outlaw inter-state competition among healthcare insurers, inflate the cost of medical coverage about 20%.
Maybe he didn’t mention these facts because he is a big supporter of the State Children’s Health Insurance Program (SCHIP), which includes free medical care for all children and all illegal aliens under the age of 25. For good measure, the bill throws in unrestricted access to Medicare for border jumpers.
How many illegal aliens are in this country? The number twelve million has been bandied about for years. Not to put to fine an edge on it, how many illegal aliens are working in the trades? Give or take, does 3 million sound about right?
If the E-Verify legislation was passed, which demands employers verify Social Security numbers before hiring new employees (or suffer fines), within five years 3 million jobs would open to Americans. It’s a real shame he didn’t have the time to explain his opposition to this legislation.
It’s great that Obama wants to double the amount of green energy consumed in America. That will service about 2% of the national requirement. Where does he plan on getting the other 98%? Maybe he forgot to mention “Drill Here, Drill Now.”
And darned if he didn’t forget to mention that each illegal alien costs this nation about $19,500 a copy. Most the cost is absorbed by the states. Any state that offers sanctuary to illegal aliens can quickly reduce its deficit by enforcing the immigration laws. Most state budgets would be in the black if they obeyed the law.
The last question: Who wrote his speech? My money is on Nancy Pelosi, Barney Frank and the President of Mexico.
The audience heard him state that he will create 3 million jobs in the energy, education, and the healthcare sectors, which will be augmented by infrastructure projects. The cost of his vision will add another $775 billion to the national debt.
Improving the energy grid and computerizing medical records will indeed benefit the nation. And we need safe bridges. But adding 600,000 bureaucrats to the federal payroll, as promised, sounds like assault and battery on America’s taxpayers.
He also promised that 95% of Americans will receive a $1000 tax cut, the doubling of alternative energy resources and the federal bailout of states that have incurred huge deficits. He believes that all of these initiatives will be handled in the “spirit of responsibility.”
There were a few subjects that he failed to address. This was probably an oversight. For example, he didn’t mention that dumping another trillion dollars into the bailout will all but make China the defacto Secretary of the US Treasury. It’s possible China will keep our best interests in mind, when it decides what we should spend on national security.
Nor did he mention the reduction of capital gains and corporate taxes which would encourage the rebirth of manufacturing in the US. Maybe this is a green issue. Creating good paying jobs in the private sector would require people to drive to work, which in turn, could harm the environment.
And pardon the confusion over his definition of a tax cut. Forty percent of the targeted people pay no income tax. Sending them a check for $1000 smells a lot like fattening the Earned Income Credit (EIC), which is already the largest welfare boondoggle, with the greatest incidence of fraud, ever created.
He failed to mention a couple of options which would reduce the cost of private healthcare. Again, it was probably just an oversight. Illegal immigrants add $900 to the annual cost of every family’s healthcare premium. And state regulations, which outlaw inter-state competition among healthcare insurers, inflate the cost of medical coverage about 20%.
Maybe he didn’t mention these facts because he is a big supporter of the State Children’s Health Insurance Program (SCHIP), which includes free medical care for all children and all illegal aliens under the age of 25. For good measure, the bill throws in unrestricted access to Medicare for border jumpers.
How many illegal aliens are in this country? The number twelve million has been bandied about for years. Not to put to fine an edge on it, how many illegal aliens are working in the trades? Give or take, does 3 million sound about right?
If the E-Verify legislation was passed, which demands employers verify Social Security numbers before hiring new employees (or suffer fines), within five years 3 million jobs would open to Americans. It’s a real shame he didn’t have the time to explain his opposition to this legislation.
It’s great that Obama wants to double the amount of green energy consumed in America. That will service about 2% of the national requirement. Where does he plan on getting the other 98%? Maybe he forgot to mention “Drill Here, Drill Now.”
And darned if he didn’t forget to mention that each illegal alien costs this nation about $19,500 a copy. Most the cost is absorbed by the states. Any state that offers sanctuary to illegal aliens can quickly reduce its deficit by enforcing the immigration laws. Most state budgets would be in the black if they obeyed the law.
The last question: Who wrote his speech? My money is on Nancy Pelosi, Barney Frank and the President of Mexico.
Labels: illegal aliens, president-elect Obama, stimulus
posted by David at
5:46 AM
