Wednesday, November 25, 2009

Opinion

John Aloysius Farrell

Barack Obama Needs to Cut Taxes as He Promised

November 06, 2008 11:20 AM ET | John Aloysius Farrell | Permanent Link | Print

Reader Comments

AMAZING JOB MAKING MACHINE?

Johnny where have you been? You've got to get out of the office more. America is bankrupt, the Big 3 auto makers are on the verge of collapse and the jobs have been "outsourced".

There's plenty of blame to go around;

1. Everybody, and I mean "everybody", wanted to believe that the Ponzi Scheme of a never ending, appreciating, real estate market. Ever increasing home equity and credit became a substitute for GDP.

2. Politicians (Obama and ACORN among them) greedy for votes and CEO's greedy for cash, fed the flames.

3. Whacky environmental regs and laws and trial lawyers have increased the cost of doing business in the U.S..

4. Illegal immigrants have pulled down wages for all Americans.

Obama will do nothing about these things...He will simply over heat the printing presses and further devalue the currency.

Obamatrons chanting "change" ain't gonna cut it.

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John Aloysius Farrell is a contributing editor at U.S. News & World Report. An award-winning Washington reporter, he has written for The Boston Globe and The Denver Post and is the author of Tip O’Neill and the Democratic Century and an upcoming biography of the great American defense attorney, Clarence Darrow.

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