Saturday, January 22, 2011

The upcoming State of Confusion address

Obama's economic agenda: Boost US competitiveness

"By JULIE PACE  Associated Press
WASHINGTON (AP) -- Under pressure to energize the economy, President Barack Obama will put job creation and American competitiveness at the center of his State of the Union address, ..."


How astute! It only took, what, 2 years to figure this out?

"... promoting spending on education and research while pledging to trim the nation's soaring debt. Obama hopes this framework will woo Republicans as he searches for success in a divided Congress and will sway a wary private sector to hire and spend money it's held back. The economy is on firmer footing than when he took office two years ago, and his emphasis on competitiveness signals a shift from policies geared toward short-term stabilization to ones with steady and long-term growth in mind."

You don't say! When will this administration, and the new Congress, figure out that small business is the key to a strong economy. Taxing small businesses out of business does NOT raise any revenue or create any jobs. It is short sighted and foolish, and onerous regulations such as the hidden 1099 tax change due to kick in for 2012 is a classic case of Congressional stupidity.

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