Buying American Votes

Scathing article in the American Thinker by Dr Jeffrey Folks about the American Jobs and Closing Tax Loopholes Act*.

The irresponsibility of the left is on display daily as one piece of self-serving legislation follows another. The latest example comes in the form of the American Jobs and Closing Tax Loopholes Act of 2010. Sponsored by Rep. Sander Levin of Michigan — a state certainly in need of jobs, if not of loophole-closing — the bill is one more exercise in political cynicism on the part of the most cynical Congress in history. Coming just five months before the all-important November elections, the bill is a blatant exercise in vote-buying paid for with money we don’t have. But since the Democrats have added $1.75 trillion to the national debt in 2009 alone, what’s another $190 billion tacked onto the national debt? Especially since its intent is to energize the liberal base (and quiet the unease of a 9.9% unemployment rate) by transferring another $2,000 to every adult Obama-supporter — and this on top of the $787-billion stimulus of 2009 and the $410-billion omnibus spending bill that followed shortly after. Given the choice of ruinous spending versus short-term political gain, the left always chooses political gain.

The act doesn’t really create jobs nor closes loopholes. But, then haven’t we come to expect Orwellian doublespeak from the Obama administration? The bill increases the deficit by $134 billion.

The Washington Post breaks it down for us.

But the bill comes larded with millions of dollars worth of tax subsidies whose main economic impact is not to create jobs but to shift them from one place to another: an extension of Recovery Zone bonds; more breaks for biodiesel; and, our favorite, extended rapid depreciation for “motor sports entertainment complexes.” On the spending side, the big-ticket items include yet another postponement of a scheduled reduction in doctor payments under Medicare, at a cost of $65 billion through 2014 — the “doc fix.” Then there’s a six-month extension of federal Medicaid relief for state governments ($24 billion over 10 years), an extension of unemployment benefits ($47 billion) and an extension of health-insurance subsidies for the unemployed ($8 billion). These measures reflect understandable concern about the lingering impact of the recession. But tucked into the $1.5 billion agriculture disaster relief section of the bill are $21 million for a Hawaiian sugar cane cooperative and $75 million for America’s hard-pressed chicken producers. These are national priorities?

I’m looking for the “Jobs” part of this job bill, and I’m not really finding it. Here’s the government to help us out. Can someone please explain to me how bailing out pension funds creates jobs?

*what genius came up with THAT name?

Explore posts in the same categories: Uncategorized

2 Comments on “Buying American Votes”

  1. agiledog Says:

    I guess we need a “Truth in Bill Naming” law, just like the Truth in Lending ones. How many votes would a “Bailout the union pensions” bill or a “Cover Nancy Pelosi’s husband losses” bill get, ya think?

  2. Vmaximus Says:

    Lassie rescues Bob the idiot! Good girl Lassie!

    Well maybe not, Bob is a Idiot!

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: