Chamber of Commerce Blasts Obama’s Policies, Predicts Double Dip Recession
ByThe job creators are revolting. Good.
The Hill: U.S. Chamber of Commerce President Tom Donohue warned the U.S. faces a double-dip recession because of the taxes and regulations under consideration by the Democratic Congress and President Barack Obama.
“Congress, the administration and states must recognize that our weak economy simply could not sustain all the new taxes, regulations and mandates now under consideration. It’s a sure-fire recipe for a double-dip recession, or worse,” Donohue said in a speech providing the Chamber’s outlook for 2010.
Donohue said the lawmakers should not let former President George W. Bush’s tax cuts expire at the end of year and lambasted Democratic efforts on healthcare and financial regulatory reform as well as climate change.
If the tax cuts are allowed to expire, “we will likely end up with even bigger deficits and greater economic misery,” Donohue said.
Many tax lobbyists expect Congress to extend the cuts for people with lower tax rates, but to allow higher rates to be reimposed on those in the top bracket.
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He also promised the Chamber would be more involved in the 2010 midterm election than it has been in any other before, and will hold accountable lawmakers who vote against the group’s priorities.
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On healthcare, Donohue said the legislation under consideration by Congress would do nothing to rein in costs and was a prescription for “fiscal insolvency and an eventual government takeover of American healthcare.”
He said the House climate bill would raise energy costs and kill jobs.
Donohue also blasted the administration’s policies on trade, hitting it for not sending to Congress pending deals negotiated by the Bush administration with South Korea, Colombia and Panama. …..
Donahue’s right. Not that anything a group representing American businesses says will change the mind of Barack Obama. But it will resonate with Americans who are sick of Obama and Company’s failed policies.
Via Weasel Zippers, via memeorandum
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I saw the CEO of the parent company (CKE) of Carl’s Jr. on Cavuto’s show this afternoon. At the end of the interview he asked Neil if he could give President Obama a message. Neil approved, so he went on and said that if he (the president) wants us to grow our businesses, “leave us alone”, we’ll do just fine.
I saw that too. It’s really quite simple.
What can the average American do to make this government accountable to the citizens. How can one person make a difference. Many people are fed up with the government, but how can I make a difference.
Thanks