Pres. Obama “Blamer-in-Chief”
Last night, President Obama delivered a rather accusatory speech to the American people. In it, the President reiterated his desire to destroy jobs and redistribute wealth in our country by calling for more tax hikes. All of this is odd considering earlier in the day he backed the Reid debt limit plan, which does not include tax hikes.
What the President actually wanted to accomplish last night was to remove himself from any blame that may come from either not raising the debt ceiling, or raising it via one of the two poor plans now being considered. According to liberal publication The New Republic’s Jonathan Chait:
“I’m not really sure what Obama was trying to accomplish in his speech. I thought he would try to find some kind of lowest common denominator between the Reid and Boehner plans that would stand a chance of passing Congress. He didn’t. Instead he appealed once again to the Grand Bargain. If Obama thinks Congress will pass something like that, he’s nuts. … The most rational explanation for Obama’s speech is that he’s positioning himself for failure. He’s explaining his position so that when Congress fails to lift the debt ceiling, Americans will blame the Republicans and not him. … I expect a week from now we’ll be bracing for disaster.”
Because of strong conservative opposition, President Obama failed to get House Republicans on board with tax hikes. The fact the President is willing to accept a plan (Reid) with no tax hikes included is a sign of just how weak the President and his big-government allies are on the debt ceiling issue. Instead of offering a detailed, physical plan that outlines a path forward out of our fiscal crisis, the President pumped up his class warfare rhetoric and continued his tired old scare tactics:
“Most Americans, regardless of political party, don’t understand how we can ask a senior citizen to pay more for her Medicare before we ask corporate jet owners and oil companies to give up tax breaks that other companies don’t get. How can we ask a student to pay more for college before we ask hedge fund managers to stop paying taxes at a lower rate than their secretaries? How can we slash funding for education and clean energy before we ask people like me to give up tax breaks we don’t need and didn’t ask for?”
This continued assault on oil and gas companies really needs to stop. Energy companies pay far more in taxes than any other type of industry, even though many other industries (like technology and pharmaceutical companies) make far more in profits. The President and his liberal friends have singled out oil and natural gas companies simply because they don’t like their product (you know, cheap, domestic, abundant fossil fuels) and it’s politically popular among liberal elites to attack such companies.
As for slashing funding for education and clean energy, the federal government shouldn’t be micromanaging these things anyway. Education should be left up to the states and clean energy should be left up to the free markets. When the government gets involved, we get programs ethanol or a bunch of bureaucrats in Washington making more than teachers in schools.
The President is calling for singled-out tax increases based on rhetoric that probably does well in focus groups, but suffers when it comes to job-creation. A reform of the tax code is needed, but it is unfair to allow partisan politics decide who pays what. The President went on to say:
“Keep in mind that under a balanced approach, the 98% of Americans who make under $250,000 would see no tax increases at all. None. In fact, I want to extend the payroll tax cut for working families. What we’re talking about under a balanced approach is asking Americans whose incomes have gone up the most over the last decade — millionaires and billionaires — to share in the sacrifice everyone else has to make.”
So the President claims that only people making over $250,000 (remember, that is THOUSAND) will see a tax increase. Just two sentences later he refers to those getting tax hikes as millionaires and billionaires. He can’t even keep his rhetoric straight.
People making less than a million dollars are not millionaires and billionaires. Many of them are small businesses owners, family farmers and successful hardworking families. Until this President learns the differences between thousand, million, billion, and trillion, we’re in for a long fight.
So yet again we get the same story from this President, raise taxes, and “invest” more. He claims to be the adult in the room yet he stands before the American people and says “don’t blame me, blame them.” It’s behavior not becoming of an adult, especially the President of the United States.
Saying your number one priority is jobs and then promoting “job-destroying” (his words, not mine) tax hikes on the people who are supposed to create jobs, is not being the adult in the room. Comprehensively dealing with the future of our country by reining in government spending – which is the actual problem – is being the adult in the room. Raising a trillion dollars in new taxes when we’ve spent 14 trillion more dollars than you brought in does not solve the problem, it doesn’t even help the problem. The problem is spending.
You don’t give a gambling addict more money so that he can try and win back what he already lost.