Wednesday, February 16, 2011

Obama's Budget Would Cause More Hardship for Our Country

I have not read Obama's budget proposal for 2011 or 2012 but from what  I have learned  Obama proposes to continue the  failed policy of  his first two years -- spend recklessly and tax painfully.  H e claimed his stimulus bill of almost one trillion dollars would hold unemployment to less than 8 per cent and would create 2 million jobs.  Talk about total failure.  The jobs created turned out  to be  200,000 federal jobs  when   the federal payroll should have been cut. I wish we could have an accounting of where each dollar in the stimulus boondoggle was spent.   Basic jobs are created almost exclusively in three ways -- agriculture, minning and manufacturing.  All other jobs are secondary, including doctor, lawyer and Indian chief.   Action must be taken to add value to a product  for a basic job to be created,   Retail giant Wal-Mart doesn't create jobs; it replaces some of the jobs lost by other retailers.  The chain does not  even support manufacturing in this country, buying  more than 90 pr cent of its goods from outside the United States.   We need the jobs only the private sector can provide through growing products, mining, and manufacturing.  For prosperity and high employment, we must produce what others need and will buy.  If we  mine more coal, oil and natural gas the nation will benefit economically and millions of jobs will be available.  Yet, Obama seeks to penalize these industries while spending billions in support of ethanol and electric powered cars.

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