Just wow.
After swearing that he was ready to cut back on federal spending, that it was time to reduce the deficit, after Democrats were ready to tax the American people in order to fund the Afghanistan War, Barack Obama today announced that he had discovered the solution to America's jobs problem:
President Barack Obama called for a major new burst of federal spending Tuesday, perhaps $150 billion or more, aiming to jolt the wobbly economy into a stronger recovery and reduce painfully persistent double-digit unemployment.
He did not give a price tag for the new package but said he would work with Congress on deciding how to pay for it.
On Capitol Hill, estimates of a potential jobs bill range from $75 to $150 billion, said Rep. Steny Hoyer of Maryland, the No. 2 Democrat in the House.
"100 billion, 150 billion, 75 billion — those are all figures that are being talked about," Hoyer told reporters.
Some lawmakers put the total cost of the new proposals at $200 billion or more.
Once again, the words of Obama prove to be empty. He never intended to actually reduce federal spending. Many of us saw through that initial announcement, and now we've been proven right. Over and over again, Obama has touted government as the solution to all of our problems. Government is not the solution to our problems. Government cannot create real jobs. Earlier today, GOPToast linked to a National Review article about the jobs Obama has claimed his government has created. Let us repeat the very valid points made by Thomas Sowell:
President Obama keeps talking about the jobs his administration is “creating,” but there are more people unemployed now than before he took office. How can there be more unemployment after so many jobs have been “created”?
Let’s go back to square one. What does it take to create a job? It takes wealth to pay someone who is hired, not to mention additional wealth to buy the material that person will use.
But government creates no wealth. Ignoring that plain and simple fact enables politicians to claim to be able to do all sorts of miraculous things that they cannot do in fact. Without creating wealth, how can they create jobs? By taking wealth from others, whether by taxation, selling bonds, or imposing mandates.
However it is done, transferring wealth is not creating wealth. When government uses transferred wealth to hire people, it is essentially transferring jobs from the private sector, not adding to the net number of jobs in the economy.
Any job created with government money is not a true job created. Whether $1 or $1 trillion are spent to artificially create jobs, the government is wasting America's money. Jobs are created through demand. There has to be a need to create jobs. Taking money from the American people, taking money from the business that truly create new jobs doesn't help the economy.
Just last week, Mitt Romney was in Provo, Utah, to attend the opening of a new business there. That business and those jobs were created because the business needed to hire new employees and because they had the money to do so. Sadly, the Obama job summit was held without having true business leaders and innovators like Romney in attendance. We knew it was a sham to begin with and today's announcement by Obama only reinforces that. Did we really need to hold a jobs summit for Obama to reach the conclusion that he should spend hundreds of billions of dollars? That's been his solution to every problem so far – what was the point of the summit?
Our nation cannot bear the weight of another $200 billion of debt stacked upon it. While the majority of Americans see that we need to reduce spending or at the very least spend wiser, Obama and his inept economic team are going to continue upon their reckless course of out-of-control spending.
Let's all hope Congress is wise enough this time to say 'no.'
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