"The President himself said that you 'don't raise taxes' in a downeconomy, yet he's brought up the tired idea of taxing families and businessesby billions of dollars, while spending billions more on untold projects ofdubious value," said Steve Ralls, Executive Director for CapitolWatch.
After almost three years in office and a fluctuating unemployment ratewhich now hovers at 9%, President Obama
has decided to solely focus on jobcreation.
For those with short memories, the month after he
was inauguratedwith the help of a Democrat controlled Congress, the President passed atrillion dollar stimulus bill.
This bill was also supposed to create jobs and"keep the unemployment rate below 8%" according to White House economists.
Nowcomes a second pass, this time being branded as a "jobs" (not "stimulus") billat a price tag of $447 billion.
"How much more do we have tospend on the failed 'stimulus' experiment to realize that this is an idea bestreserved for the classroom and not Main Street.
The true path for job creationis creating incentives for small businesses and reigning in the out of controlgovernment spending which has been crowding out investment by the privatesector," added Ralls