There’s nothing like experience when choosing a leader, a president. We now are stuck with a “community organizer” as president. For the uninformed, a “community organizer” is one who ferments dissent, promotes dissension, and organizes one community against: “the man,” other communities, and perceived injustice otherwise undefined. Perhaps that’s why Hussein Obama has us in the mess we are in. He is and was simply unqualified for the job. But that’s water under the dam.
Mitch Daniels in the governor of a state, Indiana. It’s a well run midwestern state. Has a AAA credit rating, as contrasted to say the bankrupt state of California. Mitch offeres the Community Organizer in Chief some advice in today’s WSJ, “Time for Emergency Economic Reform.”
Like any good leader he assesses the situation: dire. “Funneling borrowed billions to government workers hasn’t stimulated anything where it counts in the private sector.” Yep, that’s right Obama still thinks the government creates prosperity! He goes on to state that the impending and yet uncertain regulatory and tax regiemes are holding back investment and jobs. This is like the announcement of an impending rule change in the midst of a chess match. Damn if the match doesn’t stop until certainty of rules is restored!
He emphasizes the lack of growth necessary to get us even to break-even, to avoid national bankruptcy. We are currently at half the growth necessary to achieve disaster “with debt rising to 90% of GNP.”
Mitch offers a few specifics to counter the impending catastrophe:
- Payroll Tax Holiday of one year offset easily by a combination of the following:
- Impoundment Power: the president spends less than Congress has authorized on any number of programs which the taxpayers would never miss.
- Recall federal funds. Rescind unspent TARP funds, now in the hundreds of billions.
- Federal hiring and pay freeze. Cut the fat cats by 10% and freeze going forward. This may get the bloated bureaucracy more in line with the private sector that really produces wealth!
- Initiate a “freedom window” of regulatory forbearance in which job killing regulation is stopped.
- And, encourage business investment with accelerated write offs.
All, save for the frist and last, could be permanent reforms which get us back on track. Suffice to say we are in deep trouble and emergency solutions are in order and way overdue.