Monday, July 06, 2020
Hawai'i Free Press

Current Articles | Archives

Thursday, October 25, 2012
Obama's "New Economic Patriotism"
By Heritage Foundation @ 3:30 PM :: 3516 Views :: National News, Ethics

Obama's "New Economic Patriotism"

www.Heritage.org

President Obama has a new booklet—a glossy, 20-page spread called “The New Economic Patriotism: A Plan for Jobs and Middle-Class Security.” The title is completely Orwellian, since the plan—which is nothing new—would actually kill jobs, harming the middle class.

As expected, the “new patriotism” means paying more in taxes for those small business owners who create many of the nation’s jobs.

This isn’t the first time the President has invoked patriotism to describe economic plans.

When he was running for President, Obama condemned George W. Bush for adding $4 trillion to the national debt over eight years, calling it “irresponsible” and “unpatriotic.” Now—in less than four years—Obama’s Administration has already added almost $6 trillion to the debt. And he's on track to add another $4 trillion over the next decade.

So the definition of what it actually means to be an economic patriot is still a bit confusing. But as for the President’s plan, it hasn’t been changed or updated. CNN’s Jessica Yellin reported that “there’s not anything significantly new in here. It’s just all compiled in a nice booklet now.”

The nice booklet starts off with the claim that President Obama has overseen the creation of 5 million jobs—which Heritage has debunked.

It touts the plan to raise taxes on small businesses that create jobs and reminds us that the President already has plans for the “money saved from responsibly ending wars in Iraq and Afghanistan.” But spending “war savings” is simply an old budget gimmick. It would be like saying we have new "savings" when the temporary, failed stimulus plan ended, and then spending the same amount of money on...more stimulus. These savings are phony.

Not only does it have a phony definition of “savings,” but the nice booklet also includes the familiar refrain of “investing” in things like roads and bridges. Don't be fooled, though—this is just more stimulus spending. As taxpayers and American workers painfully learned during the past few years, stimulus spending is good for racking up deficits and debt, but not so good at growing the economy or creating jobs.

Other ideas? More teachers and green jobs!

The “New Economic Patriotism” recycles the President’s plans for the future that we’ve heard hundreds of times. And its version of the past four years is pretty rosy, despite persistently high unemployment. Let’s examine a few of its claims:

  • Has the President created 5 million jobs? No.
  • Has the President “strengthened Medicare”? Definitely no.
  • Is the President “leading the fight to safely and responsibly develop all sources of domestic energy”? No and more no.

President Obama’s plans do nothing to address the major problems with the U.S. economy. He does not tackle the fundamental budgeting problems, which would require reforming entitlement programs and halting out-of-control federal spending.

The Heritage Foundation has a real plan that makes the hard choices and puts American workers first. The Saving the American Dream plan would do just that—keep the American dream alive for the next generation and generations to come.

It would reform entitlement programs to strengthen and preserve them and make them affordable. It would return to limited government by focusing on the core functions of government, ensuring that national defense is fully funded while returning productive resources to the private sector. It would consolidate and reform duplicative programs. It has a real growth agenda with its New Flat Tax, a fundamental tax reform plan that would set us back on a path to economic growth.

This is the type of plan America needs—one that is truthful about our circumstances and offers concrete solutions. How about a permanently balanced federal budget, without tax hikes? A tax system that is simple, stable, fair, and pro-growth? Actual reductions in the debt? These are all possible, and Heritage’s experts have laid it out here.

We have a booklet, too. But it steers America on the right course to freedom and prosperity, not rehashed ideas that have failed the nation.

---30---

FEATURED POSTS

QUICK HITS

  • Representative Jim Moran’s (D-VA) son has resigned as his campaign field director after an undercover reporter for Project Veritas exposed Patrick Moran conspiring to commit voter fraud.
  • New email evidence regarding the attack in Libya contradicts the President’s earlier claims.
  • The U.S. has sued Bank of America alleging mortgage fraud.
  • Hurricane Sandy slammed into Cuba with 105 mph winds and is continuing toward the Bahamas.
  • In Monday’s debate, President Obama said the defense cuts in sequestration “will not happen.” Really? Check out our new video.
Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

808 Silent Majority

808 State Update AM940

ABCDEFG Blog

ACA Signups Hawaii

ACCE

ALEC

Alliance Defending Freedom

Aloha Life Advocates

Aloha Pregnancy Care Center

American Council of Trustees and Alumni

American Mothers of Hawaii

AMVETS-Hawaii

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Astronomy Hawaii

Audit The Rail

Ballotpedia Hawaii

Better Hawaii 

Blaisdell Memorial Project

Broken Trust 

Build More Hawaiian Homes Working Group

CAFR Hawaii

Castaway Conservative

Children's Alliance Hawaii

Children's Rights Institute

ChinaTownWatch.com

Christian Homeschoolers of Hawaii

Citizens for Recall

Cliff Slater's Second Opinion

Coffee Break

CSIS Pacific Forum

DAR Hawaii

DeedySupport.com

DVids Hawaii

E Hana Kakou Kelii Akina

E Māua Ola i Moku o Keawe

Farmers For Choice Hawaii

FIRE

Fix Oahu!

Follow the Money Hawaii

Frank in Hawaii

Front Page Magazine

Frontline: The Fixers

Genetic Literacy Project

Get Off Your Butts!

God, Freedom, America

Grassroot Institute

Habele.org

Hawaii Aganst Assisted Suicide

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii Coalition Against Legalized Gambling

Hawaii ConCon Info

Hawaii Credit Union Watch

Hawaii Crime Victims' Rights

Hawaii Crop Improvement Association

Hawaii Debt Clock

Hawaii Defending Marriage

Hawaii Defense Foundation

Hawaii Family Advocates

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federalist Society

Hawaii Federation of Republican Women

Hawaii Firearm Community

Hawaii Fishermen's Alliance

Hawaii Future Project

Hawaii Gathering of Eagles

Hawaii History Blog

Hawaii Homeschool Association

Hawaii Jihadi Trial

Hawaii March for Life

Hawaii Meth Project

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Right to Life -- Big Island

Hawaii Right to Life -- Oahu

Hawaii Shield Law Coalition

Hawaii Shippers Council

Hawaii Smokers Alliance

Hawaii State Data Lab

Hawaii Together

Heritage Foundation

HI Coalition Against Legalized Gambling

HIEC.Coop 

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Homeless Crisis

Honolulu Navy League

Honolulu Traffic

Horns of Jericho Blog

House Minority Blog

House Republican Caucus YouTube

HPACC

Hump Day Report

I Vote Hawaii

If Hawaii News

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

Investigative Project on Terrorism

Iowa Meets Maui

Jackson v Abercrombie

Jihad Watch

July 4 in Hawaii

Kahle v New Hope

Kakaako Cares

Kau TEA Party

Kauai Co GOP

Keep Hawaii's Heroes

KeyWiki

Land and Power in Hawaii

Legislative Committee Analysis Tool

Lessons in Firearm Education

Lingle Years

Malulani Foundation

Managed Care Matters -- Hawaii

Malama Pregnancy Center of Maui

Mauna Kea Recreational Users Group

MentalIllnessPolicy.org

Middle East Forum--The Legal Project

Mililani Conservatives for Change

Military Home Educators' Network Oahu

Missile Defense Advocacy

MIS Veterans Hawaii

Muslim Brotherhood in America

NAMI Hawaii

NARTH

Natatorium.org

National Christian Foundation Hawaii

National Parents Org Hawaii

National Wind Watch

New Hawaiian

New Zeal

NFIB Hawaii News

No GMO Means No Aloha

Northwest Economic Policy Seminar

Not Dead Yet, Hawaii

Now What I Really Think

NRA-ILA Hawaii

Oahu Alternative Transport

ObamaCare Abortion Hawaii

Obookiah

OHA Lies

Opt Out Today

OurFutureHawaii.com

Pacific Aviation Museum

Patients Rights Council Hawaii

PEACE Hawaii

People vs Machine

Pritchett Cartoons 

Pro-GMO Hawaii

P.U.E.O.

RailRipoff.com

Rental by Owner Awareness Assn

Republican Party -- Hawaii State

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

Robotics Organizing Committee

Save Dillingham Airfield

School Choice in Hawaii

SenatorFong.com

SIFE Remington

SIFE W. Oahu 

Sink the Jones Act

Smart About Marijuana--Hawaii

St Marianne Cope

State Budget Solutions Hawaii

State Policy Network

Statehood for Guam

Tax Foundation of Hawaii

The Harriet Tubman Agenda

The Long War Journal

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

Truth About Trade & Technology - Hawaii

UCC Truths

Union Members Know Your Rights

US Tax Foundation Hawaii Info

Valor in the Pacific

VAREP Honolulu

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii

Yes2TMT