The American Dilemma and How We Can Fix It

BILL CLINTON SPEAKS

As the second most elder statesman of the Democratic Party (Jimmy Carter holding the place of honor at the top), former President Bill Clinton has made an ad for President Obama.  I suspect that you might have seen it as it has been aired a great deal.

I will say that the ad is a substantial improvement over other ads of the Obama campaign.  There is no mention of Bain Capital (which Clinton told Obama to leave alone), no mention of Mitt Romney causing people’s death by denying them health insurance benefits, just a generally positive and, on the surface reasoned ad why the former President feels we should entrust our vote to giving the incumbent another four years in the White House.  At least that’s how it starts out.

The ad begins with Clinton saying, “To me this election about who is most likely to get us back to full employment.”  My ears perked up the first time I heard this opening line.  Had Clinton gone over to the Romney camp?

Well, that’s about as much as the former President has to say about why he supports an Obama second term until the end where he talks about “Obama’s plan – rebuilding America from the ground up and investing in education and innovation.”  For some reason, when I heard that line an image of Nuremberg, Germany after the British bombing came to mind.  In order to build it “from the ground up” you have first to destroy what is already there.

NurnbergBombDamage[1]

President Obama is well on his way to accomplishing the destructive part during his first term in office.  Perhaps President Clinton has more faith in his “plan”  to accomplish the second part if given another four years than the evidence would suggest.

The body of the ad contains an assertion that attacks, although more subtly than other Obama ads, Gov. Romney’s “plan” to ease the tax burden on the wealthy than is now the case and to do so at the expense of the middle class.  Of course, that statement is simply untruthful.

Governor Romney’s plan is merely to leave tax rates unchanged for ALL taxpayers.  Those rates, commonly known as the Bush tax cuts, have been extended several times by both Democrat and Republican majorities in Congress and signed into law.

The truth is that President Obama’s tax plan is merely to increase taxes on our wealthiest tax payers without any consequent reduction in taxes on the middle class or anyone else.  And as everyone knows, this is a great campaign point but it serves to accomplish nothing in terms of actually balancing the Federal budget.

If you were to confiscate 100% of the income of the wealthiest tax payers representing the top 10% of all personal income reported, it would be insufficient to balance the budget.  And even Obama hasn’t come up with that proposal – yet.

Additional tax revenues would help balance the budget.  A growing, rather than the stagnant Obomaconomy which we have had delivered to us by the man in the White House would naturally increase the amount of revenue the Federal government received – whatever the rate at which it would be taxed.

But at the same time, we have to make cuts to the money that we spend – deep cuts – in order to get back to a place of fiscal order and responsibility.  It amazes me that with every economist from the far left to the far right in agreement on this point, it seems to escape President Obama’s attention and the attention of Democrat legislators in general.

Sadly, government has a very bad habit.  No matter how much money it receives it finds a way to spend more.  That can work for awhile, but eventually you run out of people who are willing to lend you money.  Check out modern Greece for an example from current events.

I do appreciate the fact that this ad is, as I have said, more subtle in its attack approach than the previous efforts from team Obama.  The President has apparently come to the realization that as Dinesh D’Souza points out in his movie, “2016, Obama’s America,” that the greatest asset he has is that he is likeable and that people want to help him.

I’d like to help him too – by allowing him to find a new job for which he is better qualified.  The removal of his meandering and indecisive policies would be the biggest shot in the arm that America could receive.

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