In my last post, I mentioned how President Obama had emphasized that the Americans who are out of work couldn’t wait until the next election. So we need to pass this jobs bill ’right away’. This way, we can put America back to work. Economically speaking, it will take 6 months to a year for this job bill to really have an impact, if it is to work at all. Just in time for next year’s election.
Naturally, everyone believes that they do a good job. I am certain that President Obama believes this as well. And naturally, he wants to be re-elected. And if he were able to get the economy roaring again, the prospect of his re-election would be much higher, if not assured. So passing this job bill is doing two things at once: President Obama believes that it will work and create many new jobs. At the same time, it will help his re-election campaign immensely. I do not blame him for this. As a capitalist, I understand the motivation to protect and improve ones position as well as improvement of your property. In fact, I encourage it. Nobody can take care of your property better than you can. Where I differ from President Obama on this issue is that he does not believe that what his jobs bill does is actually the opposite of allowing the individual to take better care of his/her property. The Health Care bill is a case in point. This Health Care bill shows that government can run the system better than if it is privately owned and managed. And we needed to pass it so that ‘YOU can find out what is in it.’ The American jobs bill sounds like the Health Care bill and the stimulus that was passed in 2009 all wrapped up in one.
President Obama is pushing for the bill to be passed without any changes and is refusing to compromise. I do have to give him credit for being consistent. What is different in this case is that his political position is much weaker. Republicans now control the Congressional House and the public view of his effectiveness is VERY low. I believe that he called a joint session of Congress and is pushing this bill to be passed ‘right away’ in order to save his own job.