There He Goes Again

Posted by on Feb 13, 2013 at 8:20 am
Barack Obama

As his aides had promised, Obama did “pivot” to the issues of economic growth and jobs. Yes, he has a plan to “reignite” the engine of a booming economy. Since it’s an Obama plan, it emphasizes what government can do far more than what the private sector can.

Part of the plan is to raise the minimum wage to $9 an hour, that would then index to increases in the cost of living – that is, making the country less competitive. His administration will host a Select USA Investment Summit “to attract jobs and investment to our shores.” He would pump more money into clean energy despite the whopping failure of green subsidies in his first term. He even lists renewal of the Violence Against Women as an economy booster.

My guess is the Obama economic plan has little or no chance of working. But maybe I missed something.

Full story.

One Response to “There He Goes Again”

  1. Blue Hen on 13/13/13 at 10:15 am

    “Select USA Investment Summit ”

    Which will have the exact same purpose and chances of success as the Jobs council and the Simpson-Bowles deficit reduction commission.

    But they sound nice, and it avoids being fiscally respsonsible. To be fair, he’s little different than almost any politician in the EU, Japan or China. All of them face sobering truths, and none see the benefit (to them) of being mature. They look at what has happened to the governments of Greece (and there have been several recently) and correctly realize that (to them) there is absolutely no upside to being mature.