Wednesday, September 14, 2011
Republicans Should Block This Jobs Bill! Block it Immediately!
The President's same old regurgitated Jobs Bill has officially been sent to Congress. I'm happy to tell you that the bill is likely dead on arrival in the House of Representatives. It ought to be too, because it's a bad bill that will cost billions and do nothing to help create jobs. The Republicans are going to block this bill, and they should block it. To paraphrase the President, the Republican Party should block this bill immediately.
Reason #1 why the Republican Party needs to block the Jobs Bill: It's not really paid for, like the President claims. There's an IOU in the bill that instructs the Congressional Super Committee to find another $400 billion and change in cuts. That's not paying for the bill. That's like me buying a vehicle that I can't afford and then telling the dealer that it's ok, I'll ask my boss for a raise in the morning. For this bill to be paid for it would have required specific cuts included in the bill. This does not do that. It just promises imaginary cuts someday in the future. It's a lie. The Republicans should block this bill. Block this bill immediately.
Reason # 2 why the Republicans need to block the Jobs Bill: It calls for raising taxes. The President calls it "asking the wealthiest among us to pay their fair share," and of course, he defines "fair share" as "whatever liberals demand." It of course ignores that the wealthiest 10% already pay 50% of the taxes (that's five times their share, for those of you from Palm Beach County, FL). It also ignores the fact that $250,000 per year in salary is not a "millionaire." If you flunked math, $250,000 is ¼ of a million dollars. It takes four of those people put together to make Obama's millionaire. Finally, it ignores the fact that raising taxes on these people involves raising taxes on small business owners who file as sole proprietorships, thus taking investment capital out of the pockets of business owners. That will likely cost jobs. The Republicans should block this bill. Block this bill immediately.
Reason #3 why the Republicans need to block the Jobs Bill: The tax credits contained for hiring and giving raises to employees aren't going to do anything to encourage hiring. The President has shown, once again, how little he understands the decision of businesses. You see, business owners don't hire employees to get a tax credit and they don't hire because they have spare money. They also don't hire to be nice or to give a person medical benefits. See, what the President does not understand is that hiring an employee is an investment. A business owner performs a Cost-Benefit Analysis to decide if hiring that new employee will yield a sufficient profit. This may be because they believe that if they have more product to sell they can lower prices and undercut their competition and steal market share. However, the most likely reason for a business owner to hire is because they have so many orders that they can't keep up, and they need more employees to fill those orders. In short, businesses don't need tax credits to hire…they need customers.
There are instances, however, when government is intruding upon a business financially, say with tax rates that are too high (see Reason # 2) and businesses end up making due with less employees than they need. This usually means the business owner works more hours to not fall behind. However, tax credits don't make up for these government intrusions. Set tax rates will make a difference. Yet Obama failed to make the current tax rates permanent, which would have eliminated this barrier. The Republicans should block this bill. Block this bill immediately.
Reason #4 why the Republicans need to block the Jobs Bill: It squanders more taxpayer money on liberal pie in the sky "green energy" that is not sufficient to meet our needs. It's also not financially sound. Don't believe me? Solyndra, an American solar energy company, filed last week for bankruptcy. This company was given government money from the last Stimulus package. Even with government funding it's bankrupt. "Green Energy" is not sufficient to make a difference in our lives. The only type "green energy" that works sufficiently is hydroelectric, and we're already using every available source to its potential. If Obama was offering subsidies to promote further oil exploration that would be a solution, but continuing to peddle green energy subsidies is a joke and a waste. It's flushing money down the toilet, and it will not create jobs. The Republicans should block this bill. Block this bill immediately.
Reason #5 why the Republicans need to block the Jobs Bill: It won't create jobs. I believe I've outlined this above pretty well, but I'll give you one more reason; in 2009, Obama successfully passed into law over $1 Trillion in Stimulus spending. Do you know how many jobs we got? Answer: -1.9 Million Jobs. (For those of you from Palm Beach County, FL, that means we lost 1.9 million jobs after Obama passed the Stimulus.) Unemployment went up by as much as 3% above pre-Stimulus levels. Remember, we were told that if we passed the stimulus, unemployment wouldn't go above 8%. It went above 10%.
Liberal have told us that the Stimulus failed because it wasn't big enough. Now let's set aside the erroneous logic of that statement for a moment, and ask our friends on the left to explain that if they needed more to succeed, how is half as much going to work? Answer: It won't work. If we're lucky, it'll only lose half as many jobs. Its predecessor, the Stimulus bill, cost $1 Trillion and lost jobs. Obama proved that this sort of Keyensian Stimulus could not create jobs. (I'm not just saying that as a devoted member of the Supply-Side Economics School.) History proved this doesn't work, and it's not going to work this time. The Republicans should block this bill. Block this bill immediately.
Reason #6 why the Republicans need to block the Jobs Bill: We've already proposed many bills that will help the economy. Cut, Cap and Balance, for example, which 66% of Americans wanted to see passed into law. We have passed the repeal of Obamacare, which would remove the huge barrier of its requirements of that law that cost so much that it cuts into the profitability expectations of a business owner's Cost-Benefit Analysis for hiring. The Democrats in the Senate have stopped the Republicans from passing these helpful bills. I am not saying don't pass the bill out of spite. I'm saying don't pass this bill because there are better plans to be put into practice than this lousy bill. The Republicans should block this bill. Block this bill immediately.
Ultimately, the definition of insanity is doing the same thing over and over again and expecting different results. Obama tried this once and it failed so miserably it belongs in a museum next to the Titanic, the Hindenberg, and the 2007 New York Mets in the huge embarrassing failure display. The Republican Party owes it to America to not let this bad policy see the light of day. We put the GOP back in power to stop Obama from doing further damage. Now they need to make it happen. The Republicans need to block this bill. Block this bill immediately.