Wednesday, November 18, 2009

Facing Reality or Paying Cheap Lip-Service?

I know I may be a little off on my regular posting schedule, but I have come across another absurd article that I simply could not wait to comment on:

President Barack Obama says he's worried that spending too much money to help revive the economy could undermine a fragile U.S. recovery and throw the economy into a double-dip recession.

A pragmatic mind in action. If spending "too much" (how much?) money to help revive the economy would actually harm it, then why would he go so far as to think that stimulus packages would be economically healthy in any degree? If stimulus spending is sound in theory then it should be helpful in any degree in practice, but, of course, it is not. In theory and practice it merely amounts to taking money away from those that make it and giving it to those that break it.

Obama told Fox News in an interview Wednesday that his administration is weighing tax breaks that could encourage businesses to begin hiring again.

And this is coming from the one president that perhaps has initiated the greatest tax increase ever in the entire history of America, whether by direct taxation (like when he tried to push a 90% "punishment tax" on the AIG insurance employees) or by inflation (his trillion dollar stimulus, which could actually put us at risk for hyperinflation). After this massive taxing spree, now is the time he admits that perhaps, just maybe, easing up on taxation might be good for the economy?

The reality of things gets some lip-service, but is once more betrayed in action.

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