Obama’s Idiotic Grand Bargain: ‘If GOP Raises Corporate Taxes, I’ll Spend More on Public Works and Obamacare’

Photo Credit: Getty ImagesBy Wall Street Journal. In Chattanooga on Tuesday, the latest stop on his economic inequality tour, President Obama made himself an offer he couldn’t refuse. If Congressional Republicans agree to a corporate tax increase, he said, then he’ll agree to spend more money on his favorite public-works projects. If Republicans bargain hard, will he also offer an expansion of ObamaCare as a sweetener?

We know this sounds like an exaggeration, but that’s the essence of what the President proposed as what he called a new “grand bargain.” Mr. Obama will agree to reform the corporate tax code—a GOP priority and one even the President claims to support—but only if the reform raises more revenue and only if he is allowed to spend that windfall on his priorities.

A White House press release clarified that the President would also like to raise taxes on individuals, not just businesses, while allowing federal spending to rise still higher. But showing they retain a sense of humor in the West Wing, the press release suggests that the President is willing to forgo this tax increase for now because he wants to “work with Republicans.”

This isn’t a serious proposal, and he knows it. It also isn’t bipartisan, since he is offering a compromise with appeal to the ideological spectrum running from Elizabeth Warren to Chuck Schumer. Perhaps these are the only Members of Congress whom Treasury Secretary Jack Lew has in his iPhone.

The real bipartisan reform opportunity would be to get behind the chief Senate and House tax writers, Democrat Max Baucus and Republican Dave Camp. They’ve been holding hearings on tax reform for years, and Mr. Baucus has even invited all Senators to send him a list of tax provisions they’d like to retain and why. Read more from this story HERE.

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Take your jobs plan and shove it, Mr. President: Your policies have harmed Chattanooga enough

By The Free Press.

President Obama,

Welcome to Chattanooga, one of hundreds of cities throughout this great nation struggling to succeed in spite of your foolish policies that limit job creation, stifle economic growth and suffocate the entrepreneurial spirit.

Forgive us if you are not greeted with the same level of Southern hospitality that our area usually bestows on its distinguished guests. You see, we understand you are in town to share your umpteenth different job creation plan during your time in office. If it works as well as your other job creation programs, then thanks, but no thanks. We’d prefer you keep it to yourself.

That’s because your jobs creation plans so far have included a ridiculous government spending spree and punitive tax increase on job creators that were passed, as well as a minimum wage increase that, thankfully, was not. Economists — and regular folks with a basic understanding of math — understand that these are three of the most damaging policies imaginable when a country is mired in unemployment and starving for job growth.

Even though 64 percent of Chattanooga respondents said they would rather you hadn’t chosen to visit our fair city, according to a survey on the Times Free Press website, it’s probably good that you’re here. It will give you an opportunity to see the failure of your most comprehensive jobs plan to date, the disastrous stimulus scheme, up close and personal. Read more from this story HERE.