- White House: No choice but to act now on climate change
- HHS: ‘Donut hole’ reforms saved Medicare enrollees $11.5 billion since 2010
- Boston-area tornado rips 100 homes: ‘Are we in Kansas?’
- Rush Limbaugh: ‘There is no journalism anymore’
- Scott Brown struggles for political traction in New Hampshire Senate race
- California’s Jerry Brown cites God, ‘religious call’ to embrace illegals
- Hamid Karzai’s cousin killed by suicide bomber at Eid al-Fitr party
- Obama thanks Muslims for ‘building the very fabric of our nation’
- Israel flattens home of top Hamas leader, takes out power plant
- Texas man arrested for powder-letter hoax
NUGENT: ‘American Con Job Act’
President’s stimulus do-over is credibility-free
Question of the Day
The president is out and out campaigning for re-election while promoting his latest half-baked half-trillion-dollar “American Con Job Act,” which he says will generate jobs and jump-start the sluggish economy, which continues to slide south.
When I sat down to write this, there was no bill for Americans to read and digest. In my America, the president would have had the bill to present to Congress when he spoke to its members last week. What happened to all that transparency, Mr. President?
So now we are supposed to believe that another $500 billion plan will get the economy moving. Didn’t the president already push through a $1 trillion stimulus bill that was supposed to do the same thing?
This sad chapter in America is going down as the “Are you kidding me?” era. Are you kidding me?
The actual result of the trillion-dollar stimulus bill was the exact opposite of what the president said would happen. Unemployment rose, the stock market plunged, home values plummeted, and 2 million more homes are in foreclosure.
Are you kidding me?
What the president and his band of liberal anti-business cohorts don’t understand is that real-world business demand, not artificial Fedzilla scams, are what drive business. Throwing stacks of taxpayer dollars at the problem only increases our addiction to borrowing and spending and puts America further in debt. Stacks of taxpayer dollars do little to drive business demand. In fact, piling on $1.5 trillion in new debt has smothered the economy and caused long-term problems.
A few tax breaks here and there on the margins are not going to cause businesses to hire. What ultimately will inspire businesses to hire is Fedzilla stepping out of the way and quitting its practice of rewarding people to not work. Genuine leadership would end the scourge of do-nothing government jobs, and real businesses would heat up the economy.
But that’s anathema to liberals like the president, as he believes the engine of growth and change is directly linked to an ever-expanding, micro-managing Big Mama federal government. This, of course, is the definition of idiocy to anyone with any private-sector experience.
The president claims to have launched an initiative to cut Fedzilla red-tape regulations. The result of this initiative will be zilch. In fact, the illogical, counterproductive regulations that stifle growth in the free market are on the rise under the Obama administration.
So now the president is running around the country trying to drum up support for another, relabeled half-trillion-dollar stimulus package that we are supposed to believe will finally get the economy moving again. “Once bitten, twice shy” is my motto. But once it has been proved that votes can be bought, the president will continue to promise the impossible for those foolish enough to believe him.
What happens when this half-trillion-dollar fantasy doesn’t work? Will the president push for another half-trillion? At what point do we finally turn away from big-government blowhards and embrace those proven private-sector ideas that created the greatest quality of life in the history of the world? These are fundamental questions Americans need to be asking and debating. But when the president’s manipulated constituency is made up of so many dumbed-down sheep, I can see how an entrenched power abuser can become addictive to his herd.
You have to hand it to Mitt Romney for publishing his 160-page jobs plan, which contains much more substance for Americans to chew on and debate than anything Mr. Obama has put forth. Like his plan or not, Mr. Romney is putting it on the line. That’s to be respected.
Politics, like the economy, is ultimately about the fundamentals. The 2012 race is shaping up perfectly to illustrate the stark, fundamental contrast between a president who believes Fedzilla is the engine that moves America forward and a GOP candidate who believes the free market is the engine that creates jobs and grows the economy.
Are you kidding me?
About the Author
Ted Nugent is an American rock ‘n’ roll, sporting and political activist icon. He is the author of “Ted, White, and Blue: The Nugent Manifesto” and “God, Guns & Rock ‘N’ Roll” (Regnery Publishing).
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