Saturday, January 9, 2010

"Does anyone in Washington have any common sense"?

Wow is that a dumb question?

It is uttered in a recent article by Lawrence Kudlow, a National Review Online Economics Editor.

Passing up Kudlow's recitation of the miserable position we are in economically and the things still on the leftist agenda to stomp on the economy even more, here are the Conservative approaches Kudlow recommends to get the economy back on the right course to build growth and thus create jobs and individual wealth:

So my point is this: Get rid of all this government spending, taxing, regulating, and meddling. De-stimulate. Let us keep our own money as workers, small-business owners, and corporate employees. Stop any future tax hikes. Stop them. And bring down business tax rates for large and small companies, from 40 percent (federal, state, and local) to something around 25 percent. And take a cue from FedEx CEO Fred Smith, who wants to revive the manufacturing and transportation industries with immediate cash-expensing tax write-offs for investment in new equipment.

Instead, what have we seen in the last few days?

1. Interior Secretary Ken Salazar recently announced that he is closing down federal lands for oil and gas drilling. This with the price of oil hovering around $83 a barrel and retail gas at the pump moving in the direction of $3 per gallon.

2. EPA is now going to penalize manufacturing America — or what’s left of it — with tougher standards to reduce smog. Of course, smog has already fallen 25 percent in the last three decades. And the EPA’s projected smog savings are so miniscule compared to the new costs for business that the National Association of Manufacturers, the petrochemical makers, and others are screaming bloody murder.

3. And not to be out done by his minions, President Obama announces a new green-jobs program that will cost taxpayers $2.3 billion. He predicts targeted tax credits for all of his faddish “energy savers” — presumably determined by hoards of EPA bureaucrats — will create 17,000 new jobs. This is out of a total workforce of 153 million

I wonder if Obama ever wonders why his poll numbers continue to head for the basement?

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