The Snooty, Bourgeois Buffett Tax - Page 1 - Jeff ... - Townhall Finance

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Everyone told me in 2007-08 that Obama was ?pragmatic?, ?different?, ?smart?. I knew better.

His economic programs might have more appropriate adjectives to describe his persona and style of leadership. You might call him, ?unimaginative?, ?dense?, ?fixed?, or ?bourgeois?.

The new economic package combined with today?s speech on what?s being called the Buffett tax is just more evidence of how backward Obama really is.

The economic package he announced last week is simply more stimulus. It does nothing for anyone, except state and local governments allowing them to shore up short term budgets. The multiplier effect of government spending is 0. It will have no effect, and the targeted tax cuts he offers with regard to hiring will have no long lasting, or even short term effect on employment. In February of 2009, we tried stimulus. It didn?t work. We have tried payroll tax cuts. They haven?t worked. As many have said, ?My dog has created more shovel ready projects than Obama?. Instead of pivoting and trying something different, we get more of the same.

Source: http://finance.townhall.com/columnists/jeffcarter/2011/09/20/the_snooty,_bourgeois_buffett_tax