The plain simple truth about the Obama administration is that they have been thoroughly anti-business now for the last two years. All of that seems to have changed with the new latest and greatest proposal. Basically the Obama administration wants to give small businesses a tax break ( finally ) however they are using fuzzy math once again in order to accomplish it ( see the AP Story here ) promising a $200 billion credit package which will only ultimately cost the american ‘tax’ payer $30 billion in 10 years as the economy improves.
Is this from the same economic team that said we were going to have a recovery summer? Do they actually know how math works and that while investment does help companies grow that this kind of ‘investing’ is about as passive as you can get? Why not create something long term in which companies and the people that invest in them could rely on LONG TERM, like say a reduction in taxes? Giving companies a short spending spree will not create sustained manageable long term growth. Instead it will prop up short term stability followed by instability once the program ends.
Examples that have occurred thus far of this same mentality are the housing credit and cash for clunkers program, both short term shot in the arm followed by stagnation. Short term economic rigamarole’s end in no true gain for anyone except those that take advantage of them for the short time they exist. The plain simple truth is these kinds of economic stunts get ‘ratings’ on a political level but are nothing more then headline grabbing attention getters and show an administration more bent on popularity then actually fixing this nation.
