Posted: 11/04/11 19:22, Edited: 11/04/11 19:23
by Dave Mindeman
Congressman John Kline is a fountain of nonsense. Here is his reaction to today's jobs report..........
?Today?s jobs report reflects the lack of confidence overwhelming America?s job-creators. During a recent regulation tour across parts of Minnesota, employers continually expressed their desperate need for certainty. Efforts to grow and hire new workers are being hamstrung by threats of higher taxes, more deficit spending, and new regulatory burdens. It is time we worked together to remove these unnecessary roadblocks to new jobs."
Yeah, those job creators sure have a mess of uncertainty.
How about those 30 Fortune 500 companies that paid ZERO taxes on over 160 billion dollars in profits? What is uncertain about that?
As for deficit spending, the Congressional impasse has made it impossible for the government to do much of anything. A bit of spending on infrastructure would be absolutely welcome in this economy. If they would do that, it would mark one of the few actual instances that jobs really have been created. But aside from that, how is deficit spending hurting business? Interest rates are at all time lows. Inflation has been well controlled. And a number of high profile businesses, like Defense, are dependent on government contracts. What uncertainty is involved with that?
As for regulatory burdens, the only really new area is in bank regulation. Is John Kline, the TARP supporter, going to tell us that banking regulations weren't needed? for a financial system run amuck? that nearly bankrupted the country? Uncertainty? Bogus.
In addition, Kline seems to be missing the fact that environmental restrictions have been eased or scaled back during Obama's tenure.
Congressman Kline continues to stonewall on what our districts need. Infrastructure for commerce. Government partnerships. A JOBS BILL!
In reality, Congressman John Kline doesn't have a clue about what is needed to make this economy work. All he wants right now is to make sure everything remains stagnant till the 2012 election.
The only uncertainty here is how long Kline can keep that up.