Filed under: Capitalism, Democrat Corruption, Domestic Policy, Economy, Media Bias, Taxes | Tags: An Unserious President, Collapsed and Useless Talks, Speaker John Boehner
House Speaker John Boehner (R-OH) held a news conference at the Capitol today to talk about how the White House’s insistence on raising taxes led to a breakdown in discussions over increasing the debt limit. In a letter to colleagues, Boehner announced he would instead work with congressional leaders of both parties to pursue legislation that avoids default, reflect the will of the American people, and is consistent with the principles of the Cut, Cap, & Balance Act that passed the House with bipartisan support.
Speaker Boehner has written a letter to his Republican colleagues, explaining that the President is simply not serious, and dealing with him is useless. Obama was back again yesterday claiming that 80 percent of Americans want a balanced approach with more taxes and, well, no restraint on his investment. Obama makes up facts on the fly.
Another Democrat talking point is that the House Republicans’ proposal would reduce real GDP growth by 0.5% and 2012 growth by 2%, and cost the economy 700,000 jobs. Economist John Taylor, looking at actual data rather than Keynesian computer models, said “Some argue that the economy would have been worse off without these stimulus packages, but the results do not support that view.
Kill jobs? The GOP plan would potentially be a powerful job creator.
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American Elephants 
What the hell does Obama and other democracts know about GDP growth anyway? Cut, Cap , and Balance passes the House, and Harry Reid/Senate Dems vote it down on a pure partisan vote. Harry Reid gives me heartburn!!
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Comment by Douglas Allen July 22, 2011 @ 7:39 pmI’ve toyed with ideas getting masses of people to send Obama copies of Henry Hazlitt’s little economics book, but ideology trumps common sense. Democrats avoid writings and thought by Republicans as if it were a noxious plague and might be catching. They move in like-minded groups, and like Obama, have never had to defend their ideas or really be exposed to those who disagree. Early on, David Axlerod warned Obama that he hadn’t encountered people who completely disagreed with him, and he was going to have to learn how to deal with that. They get their history from Howard Zinn, think Che Guevara is a romantic figure, and they have certainly never read The Black Book of Communism.They’ve never read about Reagan’s accomplishments and how his policies created a long boom. They wouldn’t believe it if they had.They are completely unfamiliar with Kennedy’s economic policies, but caught up in the romance of Camelot. Coolidge? Who’s he? And since they took over academe, there’s little hope they will ever learn anything.
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Comment by The Elephant's Child July 22, 2011 @ 8:02 pm