What To Do About The Economy

Hawkeye knows...

June 03, 2011

What To Do About The Economy

On Amy Proctor's blog site, I read the following comment about the current weakness of the U.S. economy...

Can I hear 1 idea from the right winger/conservatives/republicans that would bring an immediate lowering of the unemployment rate (and by immediate i mean like within 6 months to a year). And by lower i mean back down to 4-5%.

I tried to post the following response, but for some reason I was unable to do so (must be Obama's henchmen who "View" my post as a cyber-attack. Anyway, here is my response...

Sure, I'll take up your challenge. Here we go:

First, repeal Obamacare. Since businesses have the weight of those unknown costs and regulations looming over their heads, they are scared to invest and hire because they don't know how much it's going to ultimately cost them. Uncertainty breeds fear. Fear leads investors to stay on the sidelines until they know what's going on.

Second, eliminate the corporate business tax. This is nothing but a double tax...

"There has always been considerable tension between the corporation income tax and the individual income tax, because corporations are owned, directly or indirectly, by individuals who (ultimately) receive a share of the corporations’ incomes. This can result in the same income being taxed twice..."

Stockholders are every day people, and it is they who own corporations, not just those "greedy fat cats" that liberals love to bash. Pension funds are stockholders too. When the government taxes businesses, it reduces the return on investment to the pension fund and ultimately threatens those senior citizens who rely on their pension.

It should be noted that there were no corporate business taxes in the United States until 1894. In fact, that first corporate business tax of 1894 was ruled unconstitutional. Crafty (and no doubt liberal) legislators managed to find a "constitutional" way to tax businesses in 1909. However, the United States arguably enjoyed its greatest period of economic expansion and manufacturing innovation during the period following the Civil War until the beginning of the twentieth century when the so-called "Progressives" began to influence the government (and hence, the economy).

Since the beginning of the twentieth century, the "Progressives" (tongue-in-cheek), have done nothing but continually effect measures that have retarded the U.S. economy. [Please note that I am in no way suggesting that liberals are "retards", or attempting to demean people with Downs Syndrome. The word does have another meaning. If you're not familiar with it, look it up.]

Now that was just the start...if you will click here, you can read the whole thing.  Every voter in every part of the country should read this post and think on it!

When unemployment surpasses 9 per cent, when the government is expressly blocking energy resources from our own shores and buying from foreign sources instead, when it seems that this administration is trying to create another Great Depression, we need informed people who understand some of the problems and how to fix them.   Hawkeye knows more about the economy than Barack Obama does.   One thing Barack Obama knows how to do?  Go on vacations and play golf.

My grandsons and Marlin Stutzman's sons watching Marlin speak and making a really fine mess out of lunch!   They ate most of the stuff and built some kind of spaceship with the plates.  I've met Marlin's family and many of his friends and I am thrilled to pieces that he is in Washington representing Indiana.   He also makes sure to come home on a regular basis rather than putting down roots in the Beltway.

Congressman Marlin Stutzman issued a plea today and I want to share that with you as well...

A Roadmap For America's Future
My Fellow Hoosier, We are living under the burden of a crushing debt of almost $14 Trillion that threatens the security of our nation and robs future generations of Americans of yet uncreated wealth.
We must not be content with future solutions to present challenges. While it will take time to build our way out of the fiscal hole we have dug for ourselves, there must come a point in time when we decide to stop digging. The time for choosing the right course of action is now. As a nation, we are faced with two differing philosophies which both claim to hold the answer to our nation's woes. The philosophy put forth in Rep. Paul Ryan's budget says we ought to cut spending and reform entitlements so we can responsibly reduce and eliminate our debt. The other philosophy, put forth in President Obama's budget, suggests that increased spending on government programs and expanding an already bloated bureaucracy will provide new and needed jobs for Americans. Should we cut our spending to reduce our debt, or should we increase our spending to reduce our debt? This really boils down to an even simpler question: will we start climbing, or will we keep digging? We must decide to start cutting government spending and begin to climb.
The government does not contribute to our nation's wealth; the government runs on our nation's wealth. Because of this fact, the federal government expands at the expense of the private sector. If we buy into the philosophy that says we need an ever-increasing government, we must eventually address the problem of where the wealth will come from to fund this massive government. Where will the government's revenue come from when the majority of Americans are employed by the United States Government? In the words of Ronald Reagan, "Government is not the solution to the problem; government is the problem." How do we get government out of the way, so that ordinary Americans can once again make America extraordinary? What can be done to stem the tide of government spending that has stifled our economic growth, paralyzed our nation's job creators, and put us on a path to national financial ruin? I believe the first step is following a budget that makes sense and does several things:
ECONOMIC GROWTH AND JOB CREATION: Fosters a better environment for private-sector job creation by lifting debt-fueled uncertainty and advancing pro-growth tax reforms. SPENDING CUTS AND CONTROLS: Stops Washington from spending money it does not have on government programs that do not work. Locks in spending cuts with spending controls. REAL SECURITY: Fulfills the mission of health and retirement security for all Americans by making the tough decisions necessary to save critical health and retirement programs. PATIENT-CENTERED HEALTH CARE: Repeals and defunds the President's health care law, advancing instead common-sense solutions focused on lowering costs, expanding access and protecting the doctor-patient relationship. RESTORING AMERICA'S EXCEPTIONAL PROMISE: Tackles the existential threat posed by rapidly growing government and debt, applying the nation's timeless principles to this generation's greatest challenge. Ensures that the next generation inherits a stronger, more prosperous America. (Taken from Paul Ryan's budget proposal.)
We need to get our message out. Liberal spenders in Washington have many platforms from which they can voice their message. Fiscal conservatives need to be creative and fight this advantage. If you'd like to help get this message out, please consider what you may be able to do to help me support Congressman Paul Ryan's budget, by making a contribution today of $25, $50, $100, $250, or more. Standing For Conservative Values in Washington, Marlin Stutzman P.S. Please forward this message to 5 of your friends , thank you for your support!

Marlin, I can do better than that, I can post it on the internet for all to see!