Friday, October 7, 2011

Obama's Jobs Plan - #3306 - VIDEO: Bill O'Reilly -Jobs vs. Debt - Fox News

Bill O-Reilly - Jobs vs. Debt - Fox News - BARACK OBAMA, PRESIDENT OF THE UNITED STATES: And the reason I keep going around the country talking about this jobs bill is because people really need help right now. Our economy really needs a jolt right now. This is not a game. This is not the time for the usual political gridlock.  The problem for Mr. Obama is spending another half trillion dollars in order to create more jobs. That's what he wants to do.  As the national debt approaches $15 trillion, the CNS News Service reports that the Obama Administration has added more debt in less than three years than every President from George Washington to Bush the Elder added. Think about that -- three years versus 204 years. To be fair, the debt analysis has not considered the inflation factor, but everybody should be getting the message: Mr. Obama is the biggest spending president in history.  But he is correct when he says the American economy needs jobs. It does. No question. Republicans believe tax cuts on consumers and business, combined with deregulation in some industries would stimulate the economy without more spending. So that's the impasse, the gridlock. Democrats and President Obama want to spend tax dollars to create jobs. Republicans want to assist business and promote consumption.  It is true as the President said that the payroll tax cut provides American workers with more money but it also increases debt. And increased taxes on the rich will not mitigate that very much. "Talking Points" has said many times the feds have to tighten up their crazy spending before raising taxes on anybody.  Another example Thursday, there are now accusations that a Justice Department official Darryl Foster spent thousands of dollars dating and charged it to the taxpayer. This goes right alongside the $16 muffins we told you about last week.  And then there is Solyndra and the green jobs money pit in general. According to the Department of Labor, the U.S. government spent about $170 million on green jobs training but very few people actually got jobs.  So it comes down to this: Billions of taxpayer dollars spent, very little to show for it. Nevertheless, Mr. Obama is not changing course.  AW:  This is one of the most concise and clear explanation of why Obama's Job's Plan will make our current economic situation much worse, and why taxing the rich will not help create jobs.  Please watch.  Read entire transcript of video clip.......

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