Friday, September 24, 2010

Change in Tone Depends on Obama - WSJ.com

WRONG FROM SQUARE ONE: Change in Tone Depends on Obama - WSJ.com: "

Whatever else might be said about the Administration - the bottom line is their economic policies are making things worse for adding jobs and building up the American economy. And they just don't believe this is the case. So, one can only suggest the apropos word would be 'deluded'.

That the Administration believes that by borrowing and taxing money from anyone other than the poor or middle class to expand entitlements and benefits will revive and build the economy is also clear from actions, statements and priorities.

Where the Administration focus on the middle class and ignorance of the overtaxing of the economy is evident in states like Michigan where a once extremely vibrant business sector and economy is now more of a ghost - as evident in Detroit.

So, the choice is to do what the Asian success stories do - rely on entrepreneurs, cut back on government and invest for the future; or, do like the US is doing now - tax and beat up on investors and business and hope they aren't so terribly beaten up that they will still be able to pay the country's bills.

2 years in on this policy would strongly suggest that it not only isn't working, but that things are getting worse.


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