The Corner

Newt’s Take

From last night’s Hannity.

On Reaganomics vs. Obamanomics:

Ronald Reagan understood that if you wanted to encourage jobs and you wanted to encourage economic growth, you had to encourage the people who invented jobs and the people who created economic growth.

And he understood that liberalism’s effort at big taxes, big regulations, big litigation were just wrong….Now what are we seeing today? First of all, in a way that should really bother people, this administration is turning out to be very systemically dishonest….

We’re told on the one hand we’re at the edge of catastrophe which by the way I think we could be with these policies. We’re told on the other hand the economy is going to grow next year. They can’t both be right, and I’m afraid that what’s right is the bad warnings because the Obama plan is so destructive for those who want to create jobs.

On why the Obama administration has failed to restore investor confidence:

Everywhere I go people who are successful say to me they do not think this administration has any idea the level of damage it’s doing to the market, to jobs, to investment, and — now let me give you an example. Would you want to live in a country where Chris Dodd is the guy, the senator from Connecticut, who decides what the salary cap is?…Where John Kerry, the senator from Massachusetts, gets to say he doesn’t like golf outings so businesses shouldn’t do them, where President Obama, I think without any realization of what he was doing, drove a Goldman Sachs conference out of Las Vegas.

Now, if you’re the restaurant workers, if you are the hotel workers, if you’re the people who are going to make a living with that conference, you’ve got to wonder what is this administration thinking as they go around doing this?

If you were a would-be investor and you knew that you had an administration that believed if you made over $250,000 you should be punished with tax increases. And remember, this year’s tax increase could be followed by next year’s tax increase, followed by the following year’s tax increase.

Why would you invest in America with an anti-jobs, anti-business, anti-investors government, and that’s why for the last month what we have seen is would it have been a problem with George W. Bush is now in the process of becoming a crisis because of Obama’s policies.

And make no doubt about it, with the passage of that stimulus bill, President Obama owns this economy. The Democrats and Congress have done what he asked, and this is rapidly going to become his mess.

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