To even write a column with this title risks being classified as someone out of touch with average Americans. Nevertheless, I’m confident in my conviction on this issue; and, furthermore, it is clear evidence – as if we needed any more – that this President will say or do whatever is necessary to stay in power.
You may remember that this “temporary” payroll-tax reduction was passed in a last-minute bill by the previous Democrat-controlled Congress. It was part of their economic program, which originated with the philosophy of John Maynard Keynes, advisor to our government during the Great Depression. His policies may have sounded good, but they simply did not work. Unfortunately, they are part of Democratic legend that it was FDR’s deficit spending and public-works programs that got us out of the Depression. But you can’t really blame them – after all, they were educated first in our pathetic public school systems and then in universities riddled with leftist professors.
There were several problems with this “temporary tax reduction.” First, it did nothing to stimulate new employment. The only reason for the recent modest reduction in the unemployment rate is because people have given up looking for jobs. Second, we have never before reduced the money paid into the Social Security System to provide a fiscal stimulus. As I have written previously, Democrats refuse to admit that Social Security is not a retirement plan. If Democrats actually believed that it is a retirement plan, they would never have done this.
Alternatively, they might have said “We’re going to let you pay less money in now, but you’re going to get less money when you retire.” Had they been honest – instead of telling Americans that they would magically get $80 more in every paycheck – the country would have roundly rejected this. But truthful and pandering politicians don’t inhabit the same planet. In the end, it gave working folks a small, year-long tax break, but did nothing for those seeking a job.
Flash forward a year: a tax holiday that was supposed to end has now became the focal point of the Democrats’ propaganda. Other than the assassination of Osama Bin Laden, the President has done nothing to justify his re-election so he tries to convince middle-income Americans that he’s their friend. They may be losing their jobs, losing their homes, and paying higher prices for everything. But in Obama’s twisted world, if you give them a fabricated tax reduction out of their own future retirement fund, they’ll be suckered into voting for him (again).