President Obama met with the GOP today, and was angry at them because they've opposed his initiatives. For the most part they've had good reason to oppose them, they aren't the ideals they were elected to congress to support.
Quick note, Prez, maybe you should get your own party in order before you start whining about the "opposition party" opposing you. You've had a year with a super majority in the Senate, and a big majority in the House, yet you've gotten nothing of consequence passed. You can't get your own party behind your ideas, and you are angry the other party isn't supporting them?
You are angry the GOP wouldn't support you on health care reform? They offered over 400 amendments between the two chambers, every one of which was shot down on a party line vote. They attempted to work with your party, your congressional leaders would have none of it. And now they have no bill. Mr. President, when you can't get a single RINO in the Senate to vote on your bill, you know it's too far to the left.
You are angry they wouldn't support the stimulus? CBO now says the bill will cost 850 billion dollars, not 787 billion, and you've had to change accounting methods three times to make it look like it's creating jobs. Yet every independent study so far says it hasn't. Maybe they understood that the bill wasn't about jobs, and that's why they didn't support it.
You don't like extending the Bush tax cuts because "billionaires don't need tax breaks". Here's the truth, Mr. Obama, when rich folks get a tax cut they invest it, providing the capital for other businesses to expand and create jobs. They don't stuff it in mattresses or lock it in a basement to count nightly. Venture capital doesn't materialize out of thin air, it's money that the investor class uses to take a chance on some small start up becoming the next Oracle or IBM. When you confiscate more of that money, that's less start ups that have a chance to suceed.
When you give the same amount to a group of a hundred million people the money is watered down. Some buy things which stimulates the economy, but as was seen last time, most paid their bills which doesn't do the same thing as tossing a hundred million bucks to businesses.
Labels: Barack Obama, Economic Stimulus, GOP, Health Care, Taxes, Venture Capital