Op-Ed: Stimulus 2 Won't Save Democrat Jobs

Barack Obama and his minions are poised to announce a four-fold Stimulus 2 package they say will add to the already successful 'summer of recovery'.

Step one is a $50 billion investment in long-term infrastructure projects that will create jobs and refill the exhausted highway trust fund. A statement from the White House press office reads "the plan builds upon the infrastructure investments the president has already made through the Recovery Act, includes principles the president put forth during the campaign and emphasizes American competitiveness and innovation". The problem with this idea is that once again, this is an attempt to create make-work jobs, which are temporary and completely unnecessary. As Stephen Hayes, a senior writer for The Weekly Standard said in a speech delivered on June 6, 2010, during a Hillsdale College cruise from Rome to Dover aboard the Crystal Symphony regarding the first wave of the stimulus, "overnight, the federal government had, as one of its highest priorities, weatherizing government buildings and housing projects. Streets and highways in no need of repair would be broken up and repaved. The Department of Transportation and other government agencies would spend millions on signs advertising the supposed benefits of the American Recovery and Reinvestment Act". Hayes is correct. Most of these projects were not needed. Perfectly good roads and highways were torn apart for the purpose of creating temporary employment and touting this phony Recovery Act. And now Obama wants to do more of the same. Another band aid on a ruptured artery. Step two is the regime's plan to reduce mortgage balances for homeowners who are underwater. Didn't they already try this? And didn't it fail miserably? It was called the Home Affordable Modification Program (HAMP). The idea was to encourage loan services to renegotiate the terms of delinquent mortgages, so that residents might remain in their homes rather than be foreclosed upon.But it didn't quite work out that way. Instead, many of them were strung along for months, before ultimately either losing their homes anyway or remaining in limbo. So what makes Obama think doubling down on this plan will help homeowners this time? It's called living in a fantasy world. Step three is the regime's proposal to ask Congress to increase and permanently extend research and development tax credits for businesses while asking them to close corporate tax breaks for multinational corporations and oil and gas companies. Isn't this a case of wealth redistribution? Robbing Peter to pay Paul? Sound familiar? Step four is to allow the Bush tax cuts to expire for those making over $250,000 a year. That should be a real incentive for many small business owners to create private sector jobs, since it is those in that income bracket that generate most of the employment (and wealth) in this country. Republicans such as House Minority Leader John Boehner are calling for Obama to fire his entire economic team. Not gonna happen. And even if it did, it would be too little too late. The lackluster economy, which is teetering on the verge of a Depression, combined with a 9.6 percent unemployment rate, have the Democrats in panic mode. They are already planning a triage move to throw some of their own under the bus by taking some campaign cash earmarked for some candidates and redistributing it to those they feel have the best chance of retaining their seats. It's not going to help them one bit. There is a tsunami coming this November which will sweep away the leftists and replace them with conservatives who will restore this nation to what the Founding Fathers intended. And although the economy may still suffer for the foreseeable future, steps will be taken which will put us on the road to recovery. Obamacare will be repealed, the Bush tax cuts will be extended, and deficit spending will be severely reduced. Unemployment, however, will take its toll on one group. The Democrats in Washington. Listen to America Talks weekends at 9 am Eastern Time at www.blogtalkradio.com/americatalks or at www.americatalks.com.