Obama Attempts to Quell Democratic Unrest on Tax Deal - WSJ.com

GOLDEN GEESE: Obama Attempts to Quell Democratic Unrest on Tax Deal - WSJ.com

Yes, customers are good; however, the producers of typical goods are likely to be Asian or Chinese.

As for American producers, the incentive is still to produce offshore (e.g. tax rates on corporations, etc.).

If you think of the 'platform' business model, it still doesn't support adding jobs to the US.

All the things the US needs to do to create jobs are being left alone with a blind attempt at Keynesianism.

The question guiding all these tax policies should be will it improve conditions for investing and building businesses in the US?

Somehow the Democrats think the credit lines will last indefinitely so, like taxpayers with credit cards, they buy what they want - all the time. Never do they consider the end game of paying off the cards!

As an insightful commentator mentioned on tonight's news - by breaking the relationship between social security taxes and social security benefits, the Republicans have just handed the Democrats a golden apple - i.e. all taxes can be used for social benefits and social benefits come first.

No one is looking at the example of where the Democratic social model policies have been in effect.

The most outrageous examples were communist states in Eastern Europe. Then there are the socialist states - let's particularly look at Greece.

It's clear the Republicans have really lost this round.

Job seekers have also been dealt a harsh blow. Most of them will probably buy into Obama's claim that the 2% savings in SS employee withholding will encourage jobs. As a result, things will have some negative surprises.

As Einhorn said, the US avoided dealing with the problem in the last round and pushed a solution forward. Thus, the solution will be more difficult and the events to force the solution will have to be that much more severe.

But heck - believe the glass is half-full and Obama has it right or not. But, an objective look around at where these policies have been tried before should raise eyebrows. There is no place I know of where socialism has added jobs and improved living standards.

It's like children are taught with the goose that laid the golden egg - i.e. you may think killing the goose will get you lots of eggs, but instead you get none.

The US should want to have golden geese want to be in America; yet, instead, it is doing everything to chase them away.