Obama 'jobs plan' [Stimulus-2] is as fatally flawed as was his Stimulus plan

Subject: txt mny -
President Obama, in his weekly radio address Saturday (2-6-10) called for Congress to immediately pass his "jobs bill." He did so as 20,000 more jobs were lost in January and the government revised the 2009 jobs data showing that 8.4 million jobs have been lost since 2008, and even more since Democrats took control of both houses of Congress in 2006...

Every dollar of taxes the Federal government collects is a dollar that businesses no longer have to grow their business. Then when the government spends that dollar for something that will not produce as much economic productivity as the business would have produced, had it not had to pay that dollar in taxes, you have a net loss. And that is exactly what has been happening and will happen even more as the "Bush tax cuts" expire...

So what's a better idea?

The better idea, first and foremost, is for the President and Congress to cut government spending. That would be both symbolic and substantive...

READ MORE

image toon - mny = Oby pours fuel on engine to make it go