Washington
(Nov 30, 2009)
From the Obama Administration, which produced a trillion-dollar ‘stimulus’ that didn’t create jobs “immediately” as promised, comes a “jobs summit” that won’t actually help create jobs. Lacking credibility and public confidence, the Obama Administration is already conceding Thursday’s meeting won’t involve “concrete proposals.” Instead, attendees are expecting only “symbolic gestures” at a time when unemployment has hit double-digits and the national debt has topped $12 trillion for the first time in U.S. history. What’s worse, America’s businesses – especially the small businesses that create most of the economy’s new jobs – are holding off on hiring due to uncertainty surrounding Washington Democrats’ job-killing agenda, including a government takeover of health care, a national energy tax, and card check.
Out-of-touch Washington Democrats believe piling more debt on our kids and grandkids is the answer – it isn’t. House Republican Leader John Boehner (R-OH) discussed Republicans’ better solutions to help create jobs and make government live within its means in an op-ed for BigGovernment.com:
Families are asking ‘where are the jobs?’ but all they are getting from out-of-touch Washington Democrats is more spending and more debt piled on our kids and grandkids. The American people deserve a government that lives within its means and fully commits itself to creating good-paying jobs, and only Republicans have proposed solutions to give them exactly what they want. Now more than ever, America needs more jobs, not more debt.”
WHY BOTHER? REASONS WHY WHITE HOUSE ‘JOBS SUMMIT’ WON’T HELP:
Obama Administration, Democratic leaders and attendees all admit it’s just a PR stunt. Paul Krugman, who will attend the “jobs summit,” wrote in his New York Times column today, “Later this week, President Obama will hold a ‘jobs summit.’ Most of the people I talk to are cynical about the event, and expect the administration to offer no more than symbolic gestures.” “‘Before we talk about new jobs initiatives, I think we need to do a better job of letting people know that we’ve gone from a total freefall to some stability in a very short period of time,’ said Representative Chris Van Hollen of Maryland, who leads the House Democrats’ campaign committee.” (The New York Times, 11/30/09) “Other officials say Mr. Obama is seeking ways to work with the private sector but will offer no concrete proposals at the event.” (Wall Street Journal, 11/30/09)
No White House credibility on job creation. A growing “credibility gap” is plaguing the Obama Administration as it continues to defend the trillion-dollar ‘stimulus’ that has produced countless examples of wasteful or unaccountable government spending while more than three million Americans have lost their jobs. One recent survey found that fewer than one in 10 Americans believe the ‘stimulus’ has helped create jobs. Congressional Democrats have criticized the Obama Administration for misrepresenting the ‘stimulus’ and failing to keep track of taxpayer dollars at a time when the national debt has topped $12 trillion for the first time in U.S. history. From a recent Christian Science Monitor editorial: “Mr. Obama’s caution … may come from a reality check on his previous actions. He predicted the $787 billion stimulus package passed in February would keep unemployment below 8 percent. It hasn’t, with most of the saved jobs being in local and state government. He also promised to keep an accurate count of jobs ‘saved or created’ by the spending. Alas, the numbers turned out to be highly inflated. The count lacks credibility.”
America’s businesses – the target audience for Thursday’s event – are holding off on hiring due to uncertainty surrounding Washington Democrats’ job-killing agenda. The Obama Administration is holding this event to “hear from the private sector,” but economists warn businesses are holding off on hiring due to uncertainty surrounding Washington Democrats’ job-killing agenda, including a government takeover of health care, a national energy tax, and card check. One CEO recently told The Wall Street Journal, “‘Companies large and small are saying, ‘I am not going to do anything until these things -- health care, climate legislation -- go away or are resolved."
Out-of-touch Washington Democrats believe piling more debt on our kids and grandkids is the answer. “Americans could be ready to ‘absorb’ increases to the deficit if it means higher employment, Speaker Nancy Pelosi (D-Calif.) said Tuesday.” (The Hill, 11/24/09) “‘There’s sort of an anomaly here — people want us to do stuff on jobs but they don’t want to see a lot of government spending,’ said Senator Charles E. Schumer, Democrat of New York.” (The New York Times, 11/30/09)
REPUBLICANS’ FISCALLY RESPONSIBLE SOLUTIONS TO HELP SMALL BUSINESSES CREATE JOBS INCLUDE:
• Allowing small businesses to take a tax deduction equal to 20 percent of their income;
• Letting small businesses join together to purchase health insurance for their workers the way large businesses and labor unions do;
• Enacting genuine legal reform and policies that incentivize wellness to reduce health care costs for small businesses;
• Lowering taxes for all taxpayers by reducing the current 15 percent rate to 10 percent and reducing the current 10 percent rate to five percent. This will provide an immediate increase in income to every taxpaying family in America and free up capital to help small businesses hire more workers;
• Expanding health savings accounts (HSAs) to provide additional flexibility to small businesses in providing health care to their employees; and
• Increasing the net operating loss carry back from two to five years to provide struggling employers with additional resources to keep their doors open.
NOTE: These proposals, some of which were presented to President Obama as early as his first week in office, were developed by House Republicans' Economic Recovery and Health Care solutions groups. Republican Whip Eric Cantor (R-VA), who leads the Economic Recovery Solutions Group, will deliver a speech at the Heritage Foundation on Wednesday, Dec. 2 regarding Republicans’ better solutions to address the nation’s economic challenges.