8:02 PM
a dose of reaganism
Unknown
illinois jobs , obama , qe2 , reagan
I was watching Lawrence Kudlow's show on CNBC and he mentioned that the country needs a dose of Reaganism. I agree, and for the record Mr. Kudlow could be biased, he was President Reagan's senior domestic economic adviser for just over six years. So Mr. Kudlow served President Reagan, he was "in the room" when President Reagan made most of his important economic decisions. Mr. Reagan had a variety of business and market leaders at his disposal and called upon them to aid in his decision making. Even President Carter did this. Unfortunately, President Carter made decisions that were contrary to the advise he was getting. But I think you get the point.
Has President Obama brought in the best and the brightest to seek their advise and guidance in dealing with this economic crisis? Well, I'll let you answer that in your own way. But if he hasn't he needs to start. His decision that led to QE2, which basically printed trillions of dollars, but created no jobs, was not a good one. In the President's defense, he should have slowed the printing press down, but I have to wonder if he received the proper suggestions to do so. He still had the majority of the Democrats in the U.S. House and the Senate, when QE2 proposals were made. But QE2 failed as far as job creation goes. The Republicans got the House back and the President's cap and trade was unveiled by the Republicans as bad policy. The Republicans cut, cap and balance bill proposed in the House and passed, was not called for a vote in the Senate, much to the chagrin of "a few" Republican senators led by John McCain.
So that brings us to the point where we are now. No jobs bill, but the President has said one is coming after Labor Day during his recent bus tour. What the President needs now is a political miracle. He needs to call in the best and the brightest to help forge a jobs bill. He has just a small amount of time. President Reagan put a proactive plan together for America, not a reactive one. Now is the time, but I get the feeling that time is wasting away, as Lawrence Kudlow brought up.
Has President Obama brought in the best and the brightest to seek their advise and guidance in dealing with this economic crisis? Well, I'll let you answer that in your own way. But if he hasn't he needs to start. His decision that led to QE2, which basically printed trillions of dollars, but created no jobs, was not a good one. In the President's defense, he should have slowed the printing press down, but I have to wonder if he received the proper suggestions to do so. He still had the majority of the Democrats in the U.S. House and the Senate, when QE2 proposals were made. But QE2 failed as far as job creation goes. The Republicans got the House back and the President's cap and trade was unveiled by the Republicans as bad policy. The Republicans cut, cap and balance bill proposed in the House and passed, was not called for a vote in the Senate, much to the chagrin of "a few" Republican senators led by John McCain.
So that brings us to the point where we are now. No jobs bill, but the President has said one is coming after Labor Day during his recent bus tour. What the President needs now is a political miracle. He needs to call in the best and the brightest to help forge a jobs bill. He has just a small amount of time. President Reagan put a proactive plan together for America, not a reactive one. Now is the time, but I get the feeling that time is wasting away, as Lawrence Kudlow brought up.