Cincinnatus BLOG *** Political Commentary - Social Commentary

  The first lesson every President learns is that in trying to please all his constituents he pleases no one, including himself. President Obama sold the $800 billion Stimulus Plan to the American people as a strategy to create untold infrastructure jobs. If fact, President Obama said the stimulus plan would save or create 3.5 million jobs in the next two years and that he hoped to limit the unemployment rate to a peak of 8% this summer. In typical political bait and switch fashion his democratic Congress allocated 8% of the stimulus money to infrastructure projects. Instead of infrasturture jobs Congress gave us cornucopia of social programs that have been on their wish list for decades, leaving the President with egg on his face. The unemployment rate has already reached… Continue reading | 30 Comments

  Tax havens! Greedy Wall Street bankers! Hedge fund money lenders! Speculators! Shameful profiteers! President Obama's populist demagogic outcries against America's 200-year history of free market capitalism seem limitless. My immigrant grandparents are undoubtedly turning over in their graves to hear such blasphemy from the mouth of the President of the United States. Obama's most recent target - those evil Caribbean tax havens. The current tax-deferral system is merely a ban-aid on a tax system that is openly hostile to American multinational companies. No other major industrial country treats its international business interests with such disdain and puts its companies at such a competitive disadvantage in the global economy. Then we wonder why we have such a large trade deficit. A German firm doing business in Ireland, say, pays no German income… Continue reading | 8 Comments