What the Obama administration's policies have really been oriented towards have always been towards providing benefits continuing consumption. What this country needs really is a policy which stresses investments.
Sentiment: NEGATIVE
President Barack Obama talks about the need to 'invest' in alternative energy sources. But the reality is that he is not investing his money - he's spending yours.
A long time ago, I watched President Reagan repeat a few simple points about the benefits for everyone of lower taxes, light regulations, and limited government. Successful policies are sold by repetition, not unrelated tangents.
Subsidies are hugely important; they represent America's de facto energy policy.
A comprehensive national energy policy is critical to our nation's economy and our national security. Energy expenditures account for about 7% percent of our total economy and influence pricing in the much of the rest of the economy.
Obama's plan for higher taxes and more spending is a blueprint for perpetual poverty. The last thing America needs is more of the Democrats' class warfare that has left our economy a barren landscape.
What Democrats haven't focused on are the kind of policies that would promote economic growth - such as making permanent the 2001/2003 tax cuts, opening up federal lands to more energy production, and reforming government to reduce its burden on business.
I tend to agree with many aspects of President Obama's policies.
The policy of the Obama administration is to employ regulatory strangulation to drive up the price of energy. This must be exposed and opposed for what it is: a policy of forced economic contraction.
Economics is all about consumption. People either spend money now or they use financial instruments - like bonds, stocks and savings accounts - so they can spend more later.
Increased revenues, meaning higher taxes, will be a central element of any successful long-term budget plan, and President Obama is right to insist that the wealthy - the slice of America that has come through the recession in by far the best financial health - should provide those funds.