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Posted on 02/26/2009 11:54:48 AM PST by quesney
US Chamber of Commerce just put this out. As far as I can tell, it's the hardest they've come down on Obama thus far. Better late than never.
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Obama Budget Wrong Prescription for Economic Recovery, Says U.S. Chamber Josten: You Don’t Build a House by Blowing Up Its Foundation
WASHINGTON, D.C.—U.S. Chamber of Commerce Executive Vice President for Government Affairs Bruce Josten today issued the following statement on the Obama administration’s proposed budget:
“While we have not seen all the details, the president’s disappointing budget proposal appears to move in exactly the wrong direction. More taxes, heavy-handed regulations, and command-and-control government will not hasten recovery. Instead, it will delay it and do so at a terrible cost to taxpayers, businesses, and working families.
“You don’t build a house by blowing up its foundation. Small businesses and the entrepreneurs who lead them have been the primary drivers of job growth over the past decade. This plan would punish them with higher taxes, resulting in less government revenue, less economic growth, and fewer jobs—not more.
“If the administration wants to spend a record $3.6 trillion and run up a $1.75 trillion deficit this year alone, we need a good return on that money. This budget proposal doesn’t provide it. We strongly support financial aid to our citizens who are hurting now, but a ‘taking from Peter to give to Paul’ strategy won’t work for long. It upsets Peter and doesn’t equip Paul with the tools he needs to become a productive member of society. That’s why we hope that the administration’s plans for energy, infrastructure and education reform—once fleshed out—will help our most disadvantaged citizens to lead more productive and prosperous lives.
“Since the onset of this financial crisis, the U.S. Chamber has said that every proposal must be judged on whether or not it speeds economic recovery. By those measures—and many others—this budget proposal fails. And while we recognize and support more government involvement in the economy to help address our worst economic crisis since the Great Depression, we can’t forget that real growth comes from the doers, dreamers, and risk takers who run America’s millions of small businesses. If we take away their incentives to take risks, grow, and succeed—as this budget does—we will be unnecessarily shooting ourselves in the foot.”
The U.S. Chamber is the world’s largest business federation representing more than 3 million businesses and organizations of every size, sector, and region.
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Robbing Peter to pay Paul? Its more like ganging up with Chang to rob Peter and Paul’s children.
Big deal, Obambi will but the CofC off with his upcoming SuperAmnesty.
Shut up and follow the piper! /s
Obama is more concerned about his legacy and assuring that the DemParty power continues, then he is with helping to revive the US economy. Obama’s Presidency is full blown euro-socialism.
As Rush predicted, NObama will overplay his hand.
Thank you for your courage in saying the truth Mr. Josten!
Pretty soon Peter will be using point-click-delete on Paul.
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Been feeling the same way the past few days. He keeps pushing it and everything keeps going to pot, some whack-job will try it.
Yep, plus amnesty, plus the bailout Oct bailout, plus Fannie Mae/Freddie Mac/AIG bailout in Sept
Sounds to me that their chickens are coming home to roost. Maybe even a case of buyers remorse. I will glad for their resistance to the usurper One now, but they should have been fighting him tooth & nail all along
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Yes, and it is also an outspoken advocate for illegal aliens.
How can they object to the budget, but not the stimulus, which is far worse????
Chamber of Morons.
Nice Job! BRAVO. We need many more of you.
Get that little punk away from me!
Why must it be some “whack-job” and not a coordiated effort? (disclaimer: of course, I wish the man no harm either.)
correction: coordinated
Many of us have had this same intuition, that he will resign, due to mental or emotional causes.
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