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Saturday, June 25, 2011

Obama: 'We can't simply cut our way to prosperity'

still wants to spend his way to prosperity?
source: http://thehill.com/homenews/administration/168457-obama-we-cant-simply-cut-our-way-to-prosperity

Obama says:
"It’s a partnership that brings our federal government together with some of America’s most brilliant minds and some of America’s most innovative companies and manufacturers," he said.

"Their mission is to come up with a way to get ideas from the drawing board to the manufacturing floor to the marketplace as swiftly as possible, which will help create quality jobs, and make our businesses more competitive."

I says:
Obviously Mr Obama has not learned from his mistaken 3/4 Trillion dollar failed stimulus package. Mr. Obama the U.S. government has been a "partner" with the American auto industry for almost 2 years(?). How many jobs have been created in that partnership?

Mr. Obama you can't spend your way to prosperity. That's been proven time and time again. Only the private sector creates jobs. The public sector creates jobs that cause budget disasters and create overpaid bureaucrats with ill-defined responsibilities, overlapping responsibilities, and no profit motive forcing efficiency and reduction in duplication.

Mr. Obama what business skills are you and your administration bringing to the table, what business experience, and what ideas do you and your administration have that need to get from the drawing board to the manufacturing floor?

Mr. Obama your advisors are not business experienced. They have experience in academia which is notorious for unrealistic notions, poor work ethic, sloth, and the inability to understand the concept of making a profit.

Mr. Obama the private sector is supposed to create jobs, and the public sector  is to reduce spending, costs, remove restrictions and regulations on businesses, and cut taxes and costs of doing business wherever possible to help business to be more efficient and productive.