The President's "jobs plan" is really just another speech. It's short on details, contains no specifics that could be "scored" by the CBO, is not in the form of legislation that could actually be passed, or even taken up, by Congress, is alleged to be "fully paid for" but contains no offsets to pay for it. So it's really no plan at all. And instead of staying in town to work on it with Congress, to actually write some legislation, get it scored, identify offsets and get it passed, he is out on the campaign trail excoriating Congress for not passing it. It's the same as complaining that Congress has not passed the free trade agreements when he has not even bothered to send them to the Hill to be voted on. And I haven't even addressed the substance of the "plan" which is only warmed-over Stimulus II. How stupid does he think we are?
And it is reported that the offsets, if and when they are finally proposed, will be in the form of tax increases. How exactly do we get any benefit from cutting some taxes and raising others, particularly when the taxes to be raised are the ones which decrease the expected profit from, and thus the incentives for, business investment, expansion and formation?
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