Monday, September 6, 2010

Obama's Plan to Boost the Economy-- Tax and Spend

No surprise; it was expected that Obama, while refusing to take action that will aid the economy, would announce proposals that will almost certainly cost private sector jobs.  He will likely ask for a 50 billion dollar stimulus plan and increased taxes on the oil and gas industry.  He cannot admit his errors and call for repeal of the health plan  and support the extension of the tax cuts of 2001 and 2003.  Obama is committed to tax and spend, with much of the spending wasteful and directed to favor certain groups that are favorable to him.  If he would get out of the way, the private sector, including oil and gas, will begin hiring.  If we only had some congressmen with enough gumption to do what they know is right for the economy.

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