Catching up after being in Disney for the past week celebrating the end to one of the crappiest years in recent memory and I read and watched Obama's American Recovery and Reinvestment plan. And while I want to give him a chance there are just a few things that make me very skeptical.
- We must demand vigorous oversight and strict accountability for achieving results. Hmm like the TARP bill he voted for?
- create three million new jobs, more than eighty percent of them in the private sector. 3 million * 20% = 600,000 public sector jobs. That's just more politics of the same.
- we must restore fiscal responsibility and make the tough choices so that as the economy recovers, the deficit starts to come down. Hiring 600K new Government employees will kill our chances at ever digging out of this spending mess. How will you get rid of them.
Tax cuts are a good idea and so is providing relief to businesses who we hope will not just pocket the money but actually add jobs (see TARP and Bank of America as the primary example of how this didn't happen). However, adding 600K people to Government payrolls will kill our chances going forward. The rest of these plans while HUGE are temporary expenditures, hiring people and putting them on payroll will cause HUGE problems for the future.
OK, so you want to fixing crumbling bridges, roads, and school. I get that. That spurs contractors, banks, and etc. You want to invest in green technology. Check, get that too (BTW - I'm hoping for bigger tax credits so I can update my building in Union, NJ). 600K Government jobs - HORRIBLE IDEA. Just visit NJ for a perfect bad example. Oh, I forgot, you like our Governor.
Sorry Obama, you won't get credit for meeting your 3 million new job goal by sticking it to the taxpayer. That's just more politics of the same and offers no CHANGE.
PardonMyFrench,
Eric
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