Let's also be clear about one other thing. Both Democrat John F. Kennedy and Republican Ronald W. Reagan implemented the same solution to the recessions they faced. Note that both the Democrat and Republican chose exactly the opposite action that the current administration seems determined to fulfill. Kennedy and Reagan lowered the top marginal tax rates. When they did, small businesses hired more people, expanded the middle class, and brought the U.S. Treasury record revenues the years following the implementation.
If President Obama wishes to genuinely solve the joblessness problem, all he has to do is embrace the historically proven solution.
Thursday morning two people in the Fox News building asked me, "What rate would you suggest?"
I would today, as I did in my first hardback, lower the rates across the board. End discrimination in the tax process by ceasing the punishment of those who succeed. Institute a tax rate of 10% across all economic spectrums. Job creation would explode in response, the economy would burn white hot back to health, and it would make President Obama not only a popular figure, but someone whose policy decision solved multiple issues for families in the process.
For if you fix the economy, health care, retirement, and independent planning for investing relieve much of the burden of medicaid, medicare, and Social Security.
The White House is now going silent on the impact of breaking their campaign promises, the first of which was to return to only the tax rates of the Clinton era, and secondly to not raise the tax load on Americans making under $250,000 by "one single dime."
The White House's smarmy Robert Gibbs promises, "It's a process that we're watching" or worse yet, that the administration is "going to let the process, work it's way through." These are not convincing arguments, even to the White House press corps.
And while Gibbs smugly leaves the West Wing, stagnation, joblessness, and lack of opportunity continue to bite at the administration's heels.
But they probably didn't notice, because President Obama was too busy campaigning on Thursday.