284. O Talk, Talk, Talk ... Time For Action

Will O finally begin to see the light? According to this article, the answer is yes. But, let's not forget that the November elections is coming up. Is O separating himself from the party -- hasn't worked the other way for him! Yet, his proposals are still TALK and still NOT the lowering of business capital tax rates that are needed. Let's consider why businesses are not hiring, like maybe they are uncertainty of the future given the chaotic economy both domestic and worldwide. So, will giving new business tax credits for the year 2011 spur job growth or simply allow the businesses to replace old equipment with new equipment? Should make their after-tax income look good at the expense of generating government tax revenue. So, the companies will LOOK good and the government collects less keeping the economy uncertain. The businesses will jump and suck money out of the government (whoops, us) via tax credits for ONLY 2011 and still run into the business tax rate of 35% going UP! This is like holding a carrot in front of a donkey (pun intended). Will we see new small businesses jump up some? Possibly yes since there are always people wanting to start there own business. How many will make it given higher capital tax rates and higher health insurance? Following me? More than the normal number of losses will cut the cords resulting in no net job gains. How about large businesses? As I mentioned they have been holding back on all expenses (equipment and personnel). Give them an investment tax credit and they will suck it up; but that won't mean adding jobs!

My conclusion is like always. Too little too late O! You need to clean house and stop campaigning to your choir. You need to see the long term solutions, not play with your rusty pogo stick which will only squeeze out a squeaky rise followed by the same 'ole fall as before. I don't know why I give advice the ego-centric O; I certainly can't believe him or ever rely on him and want him out! Bring back the elephants; point the donkeys with their carrot vision towards the cliffs.