Wednesday, September 7, 2011

The Cluelessness of the Obama Administration

President Obama could use a good lesson in economics.  If I was the instructor, the first thing I would tell him is a President is not a jobs creator.  However, he can be a job destroyer and that's exactly what his expansion of federal regulation, his imposition of ObamaCare and the threat of raising taxes on the rich is doing to America.  Obama is releasing information about his new "jobs" plan that includes extending unemployment benefits, increasing aid to local governments and prolonging the reduction in payroll taxes.  But the basic principle Obama doesn't understand when it comes to the economy is that the solution to prosperity in this country is ensuring that entrepreneurs can keep the fruits of their labor and can operate in an environment friendly to business.  This exact reason is why Obama's "jobs" plan will do absolutely nothing for our country.  If I was his instructor he would receive a pretty terrible grade.  In reality, the American people are the instructor and their grade of him is being reflected in his diminishing job approval numbers every week.   

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