Jobs Summit Reveals: Stimulus Hype Was Dishonest
Below see the Liberty Works Jobs Stimulus Program.
Last week President Obama delivered some unscripted remarks to kick off his “Jobs Summit,” a confab of CEOs, liberal economists, liberal academics, liberal politicians, and a few small business representatives. Notably uninvited were the National Federation of Independent Businesses, National Association of Manufacturers, and the US Chamber of Commerce, the three largest associations of employers in the nation. Apparently they were black-listed for not supporting the Global Warming, Cap and Trade legislation pending in Congress.
The President began his opening remarks with a rehash of his worn out, it-was-already-horrible-when-I-got-here justification. He claimed credit for “stabilizing” the economy by enacting the “stimulus” or Recovery Act, $787 billion in new government borrowing and spending.
Then Obama blurted out this stunning disclosure:
We knew from the outset of this recession, particularly a recession caused by a financial crisis rather than the usual business cycle, that it would take time for job growth to catch up with economic growth – we all understood that. That’s always been the case with recessions.
This was a stark contradiction of numerous, daily promises made by Obama back in January and February when he was promoting the $787B recovery act. He and Congressional Democrats promised repeatedly that if enacted the stimulus would immediately halt job losses and immediately create three to four million new jobs! At the time, skeptics who opposed the bloated “stimulus” said job growth was always the last indicator of post-recession, economic recovery, but Obama shouted them down. For example, in a January 8 speech he said:
I have moved quickly to work with my economic team and leaders from both parties on an American Recovery Act that will immediately jumpstart job creation and long term growth.
Obama proclaimed the central question and mission of today’s Jobs Summit:
How do we get businesses to start hiring again? I am open to every demonstrably good idea and I want to take every responsible step to help job creation.
We at Liberty Works have an answer for the President, a “demonstrably good idea” we call The Liberty Works, Guaranteed Stimulus Program
Small businesses create most of the new jobs in America, and have led the economy out of all past recessions. But President Obama and the Congress, passed a massive “stimulus” that mostly funded more government, while ignoring small businesses. Further retarding job growth, Obama continuously threatens small businesses with punitive tax increases, costly new health care mandates, an artificial energy shortage imposed by government, and looming inflation due to massive government borrowing.
Below is the Liberty Works “stimulus.” Retroactive tax relief to all employers, with special emphasis on small businesses is a stimulus that would create jobs.
Hear !! Hear !!
Call me crazy, but you can’t stimulate small business job creation by terrifying small business owners with the prospects for increased tax and increased employment costs you cite.
Based on the summit guest list, they aren’t listening. But I’ll bet you the proposed solution will be: more government spending.
And I’m sticking with my prediction: you won’ts see that 8% unemployment rate Obama was talking about for a long, long time.
As usual Drew is out of touch with reality. Health Care reform is about a subsidy to help small businesses buy health insurance for their people, not “terrifying” cost increases.
98% of small businesses would see no tax increase.
There is no reason a few of the richest small businesses can’t step up and do their part for better health care. Health care is in crisis and must be reformed now. No more delays so the big corps can pad their profits.