On Friday, President Obama stated that “The private sector is doing fine. Where we’re seeing weaknesses in our economy have to do with state and local government.”

I would respectfully urge the President to take a serious look at the painful unemployment numbers and then visit Americans cities and towns; visit our nation’s factories and farms; visit unemployment offices and talk to Americans beyond those at his staged campaign rallies and photo ops.

What we are seeing writ large not just in this comment, but in the President’s greater reactions to the economic crisis throughout his presidency, is his worldview.

President Obama appears to believe the economy is driven by the government, not the private sector. That the government can rescue the private sector if enough money is pumped into governments at all levels.

I hate to break it to the President after all this time, but it’s actually the other way around. Keynes was wrong. The private sector in fact drives the economy, and only a prosperous private sector can support necessary and Constitutional governmental functions.

Mr. President, the private sector is not “doing fine” at all, and the solution is for government to just get out of the way and let the private sector rebuild our nation.   –  by Peter Thomas, TCC Chairman

Where we’re seeing weaknesses in our economy have to do with state and local government.”

I would respectfully urge the President to take a serious look at the painful unemployment numbers and then visit Americans cities and towns; visit our nation’s factories and farms; visit unemployment offices and talk to Americans beyond those at his staged campaign rallies and photo ops.

What we are seeing writ large not just in this comment, but in the President’s greater reactions to the economic crisis throughout his presidency, is his worldview.

President Obama appears to believe the economy is driven by the government, not the private sector. That the government can rescue the private sector if enough money is pumped into governments at all levels.

I hate to break it to the President after all this time, but it’s actually the other way around. Keynes was wrong. The private sector in fact drives the economy, and only a prosperous private sector can support necessary and Constitutional governmental functions.

Mr. President, the private sector is not “doing fine” at all, and the solution is for government to just get out of the way and let the private sector rebuild our nation.

by Peter Thomas, TCC Chairman

 

What Was the Important Message from the CBO?

On June 8, 2012, in Uncategorized, by consinfo_user

New reports have highlighted the claim by Congressional Budget Office Director Douglas Elmendorf that the Obama stimulus bill increased employment by 3.3 million jobs. Getting much less attention is his statement that fewer than half of the economists consulted by CBO believed that the long-term benefits of the stimulus would be greater than the long-term costs.

Elmendorf was testifying before the House Budget Committee regarding the CBO’s most recent long-term projections. There is no question that the stimulus bill successfully stimulated the growth of the Federal budget and the national debt. The CBO warns that the debt burden can be expected to reduce economic growth by from 4 to 13 percent.

 

No, Obama Is Not Really That Popular

On June 8, 2012, in Uncategorized, by consinfo_user

Jay Cost has written an excellent piece on why the current polls do not show that Obama is popular and favored for reelection. It is well worth reading. Here is the link.

http://www.weeklystandard.com/blogs/morning-jay-media-doesn-t-understand-race-states_646779.html

 

“We’ve Got Your Back”

On June 6, 2012, in Uncategorized, by consinfo_user

The message of the Wisconsin recall election is the citizens can still rule over special interests.

Governor Walker won the recall with more votes and a greater percentage of the vote than in his initial election—in spite of a deluge of media attacks and millions in union and liberal spending.

In the pivotal battle between union bosses and the citizens of Wisconsin, the message indeed from the citizens was “we’ve got your back, Governor.”

This voter affirmation will encourage legislatures in other states to buck union pressure to implement similar reforms, and The Conservative Caucus urges citizens to tell legislators and governors in other states that “we’ve got your back” on this and other important reforms. Peter Thomas, TCC Chairman