When stock prices were plunging earlier this month, President Obama strode to the teleprompter and utterly failed to calm the markets or the American people. Sadly, they saw what I saw - and have come to exactly the same conclusion: Mr. Obama does not know what to do. He never did.
Since taking office in admittedly tough economic conditions, the president has taken America 180 degrees in the wrong direction. His failed $825-billion stimulus, Obamacare, Dodd-Frank and the explosion of his administration's other job-killing regulations have combined to put a stranglehold on our economy. Until these policies are reversed, the lack of confidence that dampens consumption, business investment and job creation will be the order of the day. Unfortunately, Mr. Obama is blinded by ideology and refuses to acknowledge the harm his agenda has wreaked on America and our economic future.
Fortunately, some in Congress understand the harm his agenda is causing and are working hard to reverse course.
As a thought experiment, imagine how much uncertainty would be removed and the level of confidence that would return if the entire Obama agenda were repealed tomorrow. A pretty pleasant thought, isn't it?
We can't repeal the additional $4 trillion that has been added to our nation's debt during his tenure, but we can repeal his agenda - the sooner the better. I can't think of a more effective first step in any "jobs program," and I challenge anyone to come up with a better one. I'm confident the president's umpteenth attempt at a jobs program will be nothing more than a slight variation on already-tried-and-failed themes. Why would we expect anything different or think he has any personal knowledge on how to create jobs?
Wednesday, August 31, 2011
Ron Johnson - The Wisconsin Way Redux
I wrote earlier this month about "the Wisconsin Way" -- the pragmatic conservatism of Governor Scott Walker and Representative Paul Ryan. I should have mentioned a third, newer, but just as strong voice for common sense, pro-business conservatism: newly-elected Senator Ron Johnson. Johnson, a businessman who ran for Senate without any political experience and beat three-term Senator Russ Feingold soundly, has a great article today in the Washington Times, talking about what we need to get the economy going. Read the whole thing; he has a great list of bullet points, all of which would be great to enact. Here's the introduction, which hits all the right notes: