Why the Rush To Pass the American Jobs Act?
Copyright 2011 Susan Stamper Brown
As the Democratic National Committee (DNC) launches an ad campaign in battleground states to promote rapid passage of President Barack Obama’s “American Jobs Act,” I cannot help but to ask, “Why the rush, Mr. President?”
While proposed payroll tax cuts would be useful to hard-working coupon-clipping Americans, common sense suggests that something is wrong, if, during a Joint Session of Congress, the president demands 14 different times to “pass this bill now.”
My father taught me well; high-pressure sales pitches never end well for the consumer. Another wise father, Lord Chesterfield, also taught his child well in 1749, when he said, “Whoever is in a hurry shows that the thing he is about to do is too big for him.”
Considering the abject failure of the administration’s previous mammoth-sized stimulus “jobs” bill, why would anyone with common sense consider a similar bill, about half the size, could create jobs? In what can only be perceived as a slick Chicago-style political maneuver, the administration is attempting to divert attention away from past failures and place the responsibility of excessive debt and unemployment in Congress’ corner.
Americans should think twice before hopping on the Democrats’ bandwagon bound for bankruptcy, and instead urge elected representatives to pass a bill to disable regulations that are strangling business owners and entrepreneurs. Much like the “jobs saved or created” in the previous stimulus bill, the American Jobs Act, will only put a bandage over the gushing artery that is our economy; a frightfully expensive gimmick to drive down unemployment numbers temporarily, and thereby bolstering Obama’s re-election chances in 2012.
America learned the costly lesson of jumping headlong into a cement pond before checking first to see if it had water. Taxpayers (and future taxpayers) have not yet recovered from injuries suffered from the last Stimulus bill which was supposed to settle unemployment at or below 8 percent. And, only heaven knows the economic ramifications of Obamacare.
The original Stimulus bill has proven to be a “gift that keeps on taking.” The Congressional Budget Office’s (CBO) August 24, 2011, Annual Summer Update, reported that the unemployment rate “will remain above 8 percent until 2014.”
Nearly $800 billion was “invested” chasing shiny objects to no avail. A prime example is the recipient of a $535 million U.S. Treasury loan guarantee who just went belly up – sending upwards of 1100 workers to the unemployment lines and leaving taxpayers with the tab. The solar panel company, Solyndra, was the third U.S. solar company to go bankrupt in recent weeks due to apparent subsidized competition from China.
Back in 2010, Obama stood in Solyndra’s plant avowing the “future is here.” If it is, the future looks a bit dismal. And, once again, we are expected to trust the president’s judgment and blindly march to cliff’s edge as mindless lemmings. It may be a better time to slow down to consider the danger of haste and the value of deliberateness. And, maybe pause to pray – before we plunge.