For seemingly the umpteenth time in the last 3 years, Barack Obama will present an economic plan before Congress on Thursday evening. Advisers to Obama indicate that he will call for $300 billion more in spending, which he terms 'creating jobs.' He also plans unspecified targeted tax cuts.
But the details so far have been few. We do know, however, that the country does not have $300 billion to spend, particularly since Obama demanded and got an increase in the debt ceiling, which sent the national debt soaring once again.
How many times over the past 3 years have Americans heard Obama promise 'shovel ready' jobs if only he could get his proposals passed by Congress?
The thing is, he got ALL of his proposals passed by a Democrat-controlled Congress that was all too willing to give Obama anything he asked for. Yet there are still no jobs.