Get used to the phrase, “Balanced Approach,” friends, because that is all you are going to hear from Obama and his minions for the remainder of his, hopefully, single term as President of the United States. Obama used the Debt Deal as a stump to roll-out his campaign strategy for re-election today. He called for the joint committee that is due to report on budget deficit ideas to take a “balanced approach” which is Obama-code for increasing taxes. He stated, in no uncertain terms, that we cannot close the deficit with just federal government spending cuts….revenue inhancements (more taxes) must be part of the equation. Once again, he railed on the oil/gas subsidies and tax shelters, presumably used only by the wealthy! The wealthiest among us must pay their fair share; and we must not put all the responsibility on the backs of working middle class families! And, we must have more money for “infrastructure” and jobs created by the government! At least, Obama’s message has not changed! Once an ideologue, always an ideologue! His message continues to be rooted in his fundamental, progressive belief that America is best served by the “redistribution of wealth” and big government to save us from ourselves!
Of course, the conservative ideology is that government cannot create jobs…..real jobs come from the private sector; and bureaucracies that hinder industrial development should be eliminated or substantially reduced! And, one can easily understand the problem when the jobs created by Obama’s stimulus package came at a cost of almost $300,000 per job….and the unemployment rate is still 9.2%. (Let’s not forget that the underemployment is about 20%.)
Can Obama really turn to the center and focus on creating real jobs in America? Not unless he forsakes his left-wing base! And, that will not happen! Look for the unemployment rate to stay above 8.5% until Americans wise up and elect a Republican President and a Republican majority in the US Senate. Only then will Obamacare become a sad historical note and businesses can get on with prospering through hiring employees and increasing our GDP!
Finally….good luck, Mr. President, in getting any substantial tax increases through the House. The conservative landslide in the mid-terms has changed the conversation in Washington….and they are not going away!!!