However, whatever your sentiments about the government’s bailout of General Motors, for every job Barack Obama ‘saved-or-created’ in the U.S. there were two jobs off shore.
During the campaign for re-election, Barack Obama at least made vague references to a willingness to accept $3 trillion of reduced spending in exchange for a $1 trillion dollar tax increase.
After the Democrats shoved the 2700 pages of ObamaCare down our throats – and we did find out how expensive, controlling, and coercive the legislation was – a majority of Americans wanted the Supreme Court to toss it aside as unconstitutional.
The inescapable conclusion, however, is that the primary driver of the short-term deficit is not tax cuts but the lack of any meaningful economic growth over the last half decade.
Although it was created with the best of intentions, the federal government’s Renewable Fuel Standard (RFS) program has become one of the worst and most costly boondoggles ever foisted on the American public.
Every time Washington regulators pass down another heavy-handed rule or levy another hefty fine, Colorado loses potential jobs, revenue, and economic security.
What Democrats haven’t focused on are the kind of policies that would promote economic growth – such as making permanent the 2001/2003 tax cuts, opening up federal lands to more energy production, and reforming government to reduce its burden on business.
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