President Barack Obama is set to give his highly publicized jobs speech before a joint session of Congress on September 7.
The dwindling number of Americans who still view him as The Chosen One will probably love his speech even though he promised to give one last summer and only proposed one concrete policy at the time: capital gains cuts for small businesses, which is hardly a Progressive/Liberal idea.
This time around, expect Obama to lurch to the left by proposing or at least paying lip service to failed liberal projects such as clean energy.
But unless he was being serious last summer about capital gains cuts – highly unlikely seeing as him and his Progressive supporters wanted to let the 2003 tax cuts, which included capital gains cuts for small and big businesses alike, expire – don’t expect anything in the way of actual pro-growth legislation.
The same night Obama gives his jobs speech, there will be a televised GOP debate going on.
Eight GOP candidates accepted invitations to the debate, and while some of them are moderate Democrat-types posing as conservatives (Rick Perry, Mitt Romney, and especially Jon Huntsman), three Tea Party heroes will also be there. They are Michele Bachmann, Herman Cain, and Ron Paul.
Bachmann, Cain and Paul obviously have differing beliefs on certain issues. But when it comes to the economy, those three candidates plus Rick Santorum – who unfortunately is too obsessed with issues like the “sexualized culture” that most Americans emphatically don’t care about – are really the only ones participating in the GOP debate who have the right ideas and the right attitude.
Specifically, those four candidates all strongly support a repeal of crushing regulations on job creators as well as tax cuts on yearly marginal income, capital gains, and other forms of hard earned wealth by individuals and businesses.
The Tea Party movement stands for all these policies as the means to revive the economy. The Tea Party knows, for example, that a regulatory environment favorable to entrepreneurs is what allows amazing new things to be invented.
The Tea Party also knows that tax cuts of the nature described above create millions of new jobs and cause economic growth to boom.
Simply put, the Tea Party is about common sense when it comes to the economy, and common sense means “what works is right.”
Deregulation and tax cuts work. Therefore, they are the right policies for America.
Conversely, Progressives like Obama are hard core ideologues who refuse to adapt common sense policies because they are under the deluded, non-sensical belief that “what’s right, works.”
To them, enormous tax hikes, obscene levels of spending, and anti-capitalist regulations from totalitarian administrations like the EPA are justified because they are somehow morally right.
Thus it is that Progressive economic policies failed miserably in both Detroit and the entire state of Michigan, especially FMR Governor Jennifer Granholm’s absurd clean energy initiatives, which punished success and rewarded failure.
Michiganders will probably hear a lot of meaningless, far left drivel from Obama’s mouth in his jobs speech.
Meanwhile during the GOP debate, it will be the three Tea Party candidates who have the right ideas to return America back to economic prosperity.
EDIT: Obama moved his jobs speech to September 8 after strong protests and a thoughtful letter from House Speaker John Boehner.
