Obama: The Cure For The Economy Is Thingamajigs

Via The Lonely Conservative, who points out that we’re going to have to listen to this crap from this babbling SCOAMF for the next five months. Hey, just wait till he loses in November. We’re going to have to listen to a different set of whiny crap. Anyhow

(The Blaze) While stumping in Golden Valley, Minn., President Obama told a group of Honeywell employees that his proposed tax breaks would help them afford “thingamajigs” for their furnaces.

“There are some folks here who could use $3,000 a year,” President Obama said. “If you got $3,000 dollars a year extra, that helps you pay down your credit cards, that helps you go out and buy some things that your family needs — which is good for business.”

Maybe some of you will be replacing some thingamajig for the furnace,” the president said to laughs and applause.

“They’ve been putting that off! But if they got that extra money, they might just go out that and buy that thing, right?”

Strangely, what Obama is proposing is private sector economics. If you have that $3,000 extra, you spend it on something, which puts money in someone else’s pocket, who then spends it on something else, helping out another person, and so forth. At each step, a portion goes to the government, particularly the state and local level through sales tax. Which means there is money for those governments. Which means that they have to rely on the Central Planning Office, er, federal government, less. And all this gets the economy moving……ah, who am I kidding? This “tax break” is simply a way to patronize the American voter by giving them a temporary change in the the tax code, which disappears soon after.

BTW, why would anyone need a furnace when climate change is going to give the Earth a fever? Plus, should we really be taking hot showers? If the water was cold, we’d stay in for a shorter time, which would help save Gaia.

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One Response to “Obama: The Cure For The Economy Is Thingamajigs”

  1. […] He’s bereft of ideas beyond spending, and he’s not even good at that.Update: Linked by The Pirate’s Cove – thanks!google_ad_client = "ca-pub-1395656889568144"; /* 300×250, created 8/11/08 */ […]

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