President Obama last night proposed a campaign plan posing as a jobs plan that would raise taxes on net to increase spending. Nothing new there — he maintained the same basic fallacy of Obamanomics that the way to promote recovery and economic growth is to increase government spending.
We live in a country where even before President Obama was elected, the top 1 percent of income earners paid more in federal income taxes than the bottom 95 percent combined, while the bottom 40-plus percent pay zero. Yet the president told us last night that the solution was for the rich (translation: the nation’s job creators, small businesses and investors) to pay their fair share. Either President Obama was not being honest with the American people, or he doesn’t understand his own country well enough to lead it.
What drives the economy is not government spending, but incentives to increase production. What House Republicans must do is not negotiate with the president over his misleading fallacies, but follow Newt Gingrich’s advice by passing what would work, implementing that essential truth of Reaganomics. They should pass corporate- and individual-tax reform, closing loopholes in return for sharply lower rates. They should pass the appropriations bills to implement the Ryan budget, which provides for highly desirable tax reform. They should pass legislation to repeal Obama’s regulatory tsunami, which is killing the economy.
Then they should fan out across the country to explain to the American people what they have done and demand that the Democratic Senate pass their bills and the president sign them, or else admit they really do not care about jobs after all.
— Peter Ferrara is director of Entitlement and Budget Policy for the Institute for Policy Innovation.
Barack Obama spent two years running for president. He was very good at it.
He has now spent almost three years running for president again. He has not yet stopped to take a moment and actually be president.
Tonight’s speech was a good political speech about hope and plans for the future. It was a ridiculous speech to give three years into one’s presidency to the Congress.
Worse, Obama gave half a speech . . . the spending he wants Congress to pass. The tax hikes to pay for this will be unveiled later. Some other time. Are they not yet written down — or are they known and simply hidden?
Why yell at congress to Pass this plan now . . . when the plan isn’t written down?
This was a speech. Not a plan. This is a campaign, not a presidency.
— Grover Norquist is president of Americans for Tax Reform.