Tonight, President Barack Obama will ride down Pennsylvania Avenue with his sinking approval ratings, to stand beside our most unpopular Congress ever, so he can give a speech about jobs (before the football game starts). Our prez is a good speaker, but I doubt this speech will do any more to soothe our economic stress than have past speeches.
Speeches don’t create wealth — or jobs.
But image can entice votes, and with the election year rapidly approaching, he needs to look like he has a plan.
Or at least a clue.
So, the White House back room boys have been busy re-packaging. News reports say the president will suggest spending $300 to $400 billion to stimulate the economy. But he won’t use the word “stimulus.” For some reason, that word rings hollow.
Rest-assured, his non-stimulus stimulus will be “revenue neutral.” In other words, the spending will happen now while the offsetting spending cuts (or tax increases) will happen . . . later.
Not every provision of whatever plan Obama orates will be a terrible idea, but the thrust of it — the notion that with proper central planning and fiddling by our wizard-in-chief the federal government can create prosperity — will be tragically mistaken.
We need a president who understands that Americans could pick themselves up, dust themselves off and get moving economically . . . if only Washington politicians would stop stage managing the whole show.
This is Common Sense. I’m Paul Jacob.