The TrueSoldier Rants

The Thoughts of a Conservative mind.

Obama Cites Re-Hiring of 25 Police Recruits as Proof the Stimulus is Working

I saw this and nearly laughed out loud.  Fox News.com has a story posted about stagnant or lower wages to be expected (no surprise there) that had this little tid bit in it:

While aknowledging an “astounding” number of job losses in February, President Obama told critics of his $787 billion economic recovery plan Friday that it is saving jobs and said, “I know we did the right thing.” He suggested that critics talk to 25 police recruits in Ohio’s capital city who owe their jobs to stimulus spending and “talk to the teachers who are still able to teach our children because we passed this plan.”

I knew it would only be a mater of time till the Libs tide the stimulus into the “it’s for the children” mantra.

Here is more of Obama’s fuzzy math at work:

News that 651,000 jobs were lost in February brings to “an astounding 4.4 million” the number of jobs lost since the recession began, Obama said. 

But Obama touted the 114th police recruit class as proof that the stimulus plan, which drew scant Republican support in Congress, is paying dividends.

Now I am no mathematician, but if we have lost 4.4 million jobs since the begging of the recession and he cites the 25 police cadets that have been rehired (the story states that they were laid off in Jan before they could even start patrolling) then according to his own words he still has a net loss of 4,299,975  jobs.  Now I know he mentioned teachers too, so lets add in all the teachers who became unemployed last year, which is 185,000.  You would still have a net loss of 4,114,975 jobs.

Yet Obama said this stimulus package would create or save between 3 to 4 million.

So President Obama, not only has your stimulus bill not saved or created the 3 to 4 million jobs you claimed it would, but it continues to loose jobs and now will cause wages to go down.  Why is this so, because this bill is not and never was a stimulous bill.  It was a pork laden product wrapped in a socialistic agenda.

I urge everyone to attend the closest Tax Day Tea party you can and tell these pompus fools running Congress and the White House that we the people still own this country and like our forefathers before us we will stand up for our rights and demnad to heard!!!

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March 7, 2009 Posted by | Economy | 2 Comments

The Fight for America’s Economic Soul‏

I received this email from the Freedom Foundation.  It is pretty good and has some good links with information and an entrepreneurial contest:

In her classic novel Atlas Shrugged, Ayn Rand describes a battle for the soul of the U.S. economy. The nation’s “producers” work hard, innovate, and create prosperity, while the “looters” and “moochers” live off of the work of others.  Sound familiar?

Atlas Shrugged was written over 50 years ago, but the battle at the heart of that story is still raging today. In fact, things are turning for the worse as the Congressional “looters” hand out seemingly endless bailout to growing list of “moochers” from Wall Street, to Detroit, to your neighbor who bought a house he couldn’t afford.

We are in danger of forgetting that American prosperity is built on hard work and innovation, not taxes and government spending. Now, as we face a recession and financial panic, is the time to remember that our system prospers from private action, not public handouts.

That’s why FreedomWorks is launching a new project to celebrate and reinforce the role that entrepreneurs play in our society and having the “I am an Entrepreneur” competition.

We want to call attention to the good work and solutions from people in all walks of life who innovate, initiate, and create. The people about whom Ayn Rand said: “Throughout the centuries there were men who took first steps, down new roads, armed with nothing but their own vision.”

At this moment in history, America needs to look to entrepreneurs, not government, as providing the solutions to today’s challenges.

Unfortunately, our political leaders seem to have lost confidence in America. John Maynard Keynes, the Depression-era economist, is back in favor as Congress grapples with the economic crisis (which was created largely by government subsidies for housing and debt, but that’s another story). Keynes was a leading proponent of government intervention in the economy, and it is Keynesian logic that Democrats are using to justify their federal deficit of $1.5 trillion—a deficit nearly equal to all federal spending in 1996!

Keynes also offered misguided ideas about taxing entrepreneurs, writing:

“Thus we might aim in practice…at a scheme of direct taxation which allows the intelligence and determination and executive still of the financier, the entrepreneur et hoc genus omne (who are certainly so fond of their craft that their labor could be obtained much cheaper than at present), to be harnessed to the service of the community on reasonable terms of reward.”

Keynes is saying that government should raise taxes on determined entrepreneurs, because they will do the work anyway and the government can take a larger share without deterring their activity.

Keynes is right to recognize the passion of entrepreneurs, but his solution to “harness” them with exceptional taxes is wrong. It is wrong morally and it is bad economic policy—clearly higher taxes reduce risk-taking and discourage hard work.

This is dangerous logic, especially at this time.  Yet we see the same idea resurfacing in Barack Obama’s proposals for higher payroll, income, and capital gains taxes on the “wealthy”.

It is time to stand up and defend private enterprise and initiative. If you agree that the battle for America’s economic soul is entering a new phase, I’d like to invite you to join our Entrepreneur Circle and participate in our “I Am an Entrepreneur” video and essay competition.  Please click here to find out more.

I hope you’ll join us in this important effort to fight the looters and moochers.

Sincerely,

Dick Armey

P.S.  In addition to participating in our “I am an Entrepreneur” competition, do you want to do more to encourage people to pursue the freedom-enhancing path of entrepreneurship?  If you or someone you know is an aspiring entrepreneur, there is valuable guidance, inspiration and wisdom from master entrepreneurs at www.ActonGuides.org.

March 7, 2009 Posted by | Uncategorized | Leave a comment