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Thursday 20 August 2015


As a capitalist and entrepreneur, I would have preferred to see a concentration of tax incentives aimed at the purchase of housing and autos, and tax cuts for small business and capital, rather than the current plan, which emphasizes bolstering federal and state welfare programs. The reality is that the millions of jobs President Obama’s “stimulus” supposedly creates are government jobs. But what happens when those jobs are completed? Is everyone laid off again? Does Obama pass another “stimulus” bill?

The theory is that the “stimulus” will bring back everyone’s confidence, and those of us who are in the business of creating jobs and wealth will be inspired to hire and grow.

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