Thursday, January 28, 2010

President Obama and Government Policy Should Spur the Economy and Inspire Programs for Private Industry

Government policy should always be helping the economy and inspiring programs for creation and support of jobs in the private (not public) sectors of our US and local economies.
What President Obama said during his State of the Union speech on January 27, 2010:
“Jobs must be our No. 1 focus in 2010, and that is why I am calling for a new jobs bill tonight. … I’m proposing that we take $30 billion of the money Wall Street banks have repaid and use it to help community banks give small businesses the credit they need to stay afloat. ... Let’s also eliminate all capital gains taxes on small business investment and provide a tax incentive for all businesses, large and small, to invest in new plants and equipment.” 
What I believe:  He was right in saying that he will expand programs for credits to small businesses, but he didn't give enough specifics about what he wanted in a jobs bill.  
His mistake:  Saying again that he inherited the deficit the nation is facing, and people are tired of hearing that blame it on the other guy stuff.
What he should do:  Stimulate private industry by cutting taxes and reduce size of government.

Posted via email from Explore OC Homes


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