I have a daily email message, the DAILY CALL. On reflection, yesterday’s should have been a post here. And now it is; without addition or subtraction.
According to the New York Times:
“President Obama plans a major speech on jobs after Labor Day in which he will lay out new proposals for jump-starting the economy and specific plans for legislative efforts to cut spending, White House officials said.”
“In early September, we will put forward proposals for jobs-creating ideas and economic growth ideas,” Mr. Carney said Wednesday morning. “We want to be aggressive with deficit reduction that helps pay for things you need to do in the near term to grow the economy.”
A major jobs speech by the president could help set a campaign narrative for Mr. Obama as this Republican challengers increasingly focus their attacks on his handling of the economy. Top aides to the president are eager to show that his ideas are being stymied by a recalcitrant Republican Congress.
Did you get that? This is a proposal with “new” ideas, not “old” ideas. (Go ahead and laugh.) 32 months into his term, the President will have proposals to “jump-start” the economy. My question is, “Why didn’t he do something to “jump-start” the economy 32 months ago?” Oh, you’re right. He did: $787 billion of “jump-starting.”
The President will, “[P]ut forward proposals for jobs-creating ideas and economic growth ideas.” The Times didn’t report if this is to keep unemployment below 8%. Oh, you’re right again, the $787Billion stimulus of 2009 was spent to do that. Well, we can all be sure these new ideas will work at least as well as the old 2009 ideas. If they do, unemployment will likely not rise more than 2% or so to more than 11%.
Then the President wants to “be aggressive with deficit reduction that helps pay for things you need to do in the near term to grow the economy.” What could that mean? Oh, massive tax increases. I’ll bet that is his new idea. But wait, we may not have to worry. The President’s new idea may be to only raise taxes on the wealthy (small business owners).
The last point, “Top aides to the president are eager to show that his ideas are being stymied by a recalcitrant Republican Congress.” But, if I recall correctly, those mean “recalcitrant Republicans” didn’t stymie any of the President’s moves to “jump-start” or “grow” or “reduce deficits” in 2009 or 2010.
Speaker Boehner’s response was, “We don’t need another speech. Tell him to put it in the mail.”