I find it interesting and funny the way the Statists try to justify the stimulus and all their other spending plans by saying, "Yeah, but it would have been a lot worse if they didn't pass it." They saved the US from going into a depression. They also say the Stimulus "Saved or Created" jobs, and now they are resorting to "Lives Touched." These statements cannot be quantified; they are a figment of their imagination.
Obama claims the country is headed in the right direction under his plan. The Stimulus plan was sold by the Statists by saying with the passage of it unemployment would not go above 8%. It rose to above 10% and is now at 9.6% and that is by using the new accounting methods. The GDP was at 5+%, a few quarters ago, then it was 3+ percent the next quarter, and is 1.6% the latest quarter. Let’s see, GDP is shrinking and unemployment is rising and Obama tells us the country is headed in the right direction. I don’t think he “Gets It.”
One of the reasons for the high unemployment is the "UNCERTAINTY" coming out of Washington with all the new TAXES and REGULATIONS. I do not believe they have begun writing some of the regulations in the new Financial Regulation (Coercion) Bill. They also mishandled the housing crisis. Then there is Obamacare, Cap and Trade and more taxes and regulation coming in the future. In December, Obama's financial Committee will be giving their recommendations on how to reduce the debt and deficit, watch for the "Value Added Tax."
Another reason for high unemployment is some corporations are trying to do more with less. They can do that for a while, but eventually the overworked employees begin to burn out and productivity suffers. The corporations would then begin to start hiring again, if they are “Smart.”
A good way to get the economy going would be to reduce taxes. I’d prefer to go to a “Flat” tax, but for now a reduction would do. Let the people keep more of their money, to spend as they see fit. Then cut government spending and reduce the burdensome and duplicitous regulations imposed on businesses. Repeal Obamacare and rework Healthcare, eliminate Cap and Trade Legislation and redo the financial regulation bill. Take away the CLOUD of UNCERTAINTY that is hanging over the heads of businesses and the economy will improve.
Republican Candidate for MO Senate 22