Monday, August 9, 2010

Blaming Bush Doesn't Create Jobs

In January of 2009 after it became clear that the leftist majority in congress would pass President Obama's $862 billion economic stimulus bill without a single vote from a Republican, Speaker Pelosi (D-Ca.)
defended her partisan approach, telling Politico "Yes, we wrote the bill.  Yes, we won the election." Last friday, some 19 months after the stimulus bill became law, the Labor Dept. issued it's monthly jobs report showing the U.S. economy shed 131,000 jobs and unemployment at 9.5% as 181,000 workers left the work force entirely.  These numbers are so terrible that the Federal Reserve is expected to downgrade it's assessment of the U.S. economic outlook when it meets tomorrow.  Desperate to shift blame away from her economic policies,  Speaker Pelosi released a statement Friday blaming president George W. Bush for the economy's anemic recovery: " Today's report shows our teachers, police officers, firefighters, and nurses are still feeling the worst of the Bush recession."

Notice how Speaker Pelosi is only concerned about about the economy's effect on government and unionized workers: teachers, police officers, firefighters and nurses.

If you happen to work for the government, speaker Pelosi is prepared to move heaven and earth to make sure your pay isn't cut.  But if you work for the private sector, Speaker Pelosi has nothing to offer you but higher taxes.  That is why she is calling back the house to vote on another state bailout.  This time the price tag is $26.1 billion,  funded in part by the $11 billion in tax hikes on U.S. companies that compete internationally.

Speaker Polosi can try to play the blame game all she wants but the facts of her economic record are rapidly catching up with her. Since becoming Speaker in 2007, Pelosi has embarked on an unprecedented deficit spending spree, including a $700 billion financial bailout, the first $186 billion stimulus, a second trillion dollar stimulus, a $1.5 trillion health care expansion, a $447 billion omnibus spending bill and a 1.5 billion docfix/Medicade bailout.  All told, since Speaker Pelosi first took the gavel, discretionary spending has jumped 25%.  The results of the Speaker Pelosi Spendapalooza?  Since Pelosi became speaker in 2007, the nations unemployment rate has risen from 4.6% to today's 9.5%.

What Speaker Pelosi and her leftist colleagues in Congress just do not understand is that government spending does not reduce unemploment. The resources the government spends do not materialize out of thin air_ they are taken from the private sector.  Government spending substitutes for private sector investment;  it does not supplement it. Increased government hiring does not increase the total number of jobs in the economy.  Money spent on government jobs creates new jobs in government, but it also takes jobs away from the private sector.  The result is fewer jobs overall.  Studies of Sweden's labor market show that for every 100 new jobs the government creates 114 jobs in the private sector are eliminated.  Other studies have shown that countries with greater government spending and larger public sector payrolls have higher unemployment.

The only thing worse than Speaker Pelosi's accomplished spending spree is her hoped-for record tax hike. Despite a 9.5% unemployment rate, Speaker Pelosi wants to raise taxes on those businesses that earn 72% of all small business income and pay 82% of all small business income taxes.  Speaker Pelosi doesn't seem to care that small businesses generate about two out of three new jobs during recoveries, and why should she?  As long as unemployment remains high, she'll just blame Bush.

This 26 Billon is a payout to states to keep unions happy, note all union!

Sunday, August 1, 2010

Amnesty for Illegal Aliens

The internal draft written by officials at U.S. Citizenship and Immigration services out lines the way Government could use a backdoor system to allow amnesty to thousands. By providing relief such as: delaying deportation, perhaps indefinitely, granting Green cards to others, in absence of legislation revamping the process. The 11 page memo written in April by the Agency's Director offers administrative relief options to promote family unity, foster economic growth, achieve significant process improvements and reduces the threat of removal for certain individuals present in the U.S. without authorization.
It's obvious that the Obama administration wants to give amnesty to 12 million Illegals in order to get that vote. His lack of interest in closing the border, his suing Az. clearly shows the intent.