Obama: We Need the Buffett Rule to Boost Growth


President Obama is still pushing hard for the Buffett Rule. Now he’s saying it will boost job growth. Pretty soon he’ll say it will provide care for the sick and jobs for the jobless while slowing the rise of the ocean.

“As many Americans rush to file their taxes this weekend, it’s worth pointing out that we’ve got a tax system that doesn’t always uphold the principle of everyone doing their part,” Obama said in the address posted online Saturday.

“This is not just about fairness, this is also about growth,” he added. “It’s about being able to make the investments we need to strengthen our economy and create jobs. And it’s about whether we as a country are willing to pay for those investments.(Read More)

By “making investments” he means spending money. Do you remember when they promised that spending nearly a trillion dollars on stimulus would boost job growth and keep unemployment under 8%? How did that work out? This is just a drop in a bucket compared to the stimulus, and the money they take out of the economy will mean less job growth, not more.

Update: During the same weekly address, Obama also trashed Ronald Reagan and “trickle down” economics. Funny, seeing that just the other day he was pretending he was Reagan reincarnated.

Update: Smitty gave Dear Leader’s address a proper fisking.

Update: Linked by Twitchy – thanks!