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October 14, 2008

Obama’s Ohio jobs speech sounds great, doesn’t add up

First, to lessen the blow, he had some great points.

A moratorium on foreclosures, for example. Too bad neither House nor Senate included this, along with the more “posturing” issue of CEO pay caps that will be largely unenforceable, in the bailout bill.

VERY GOOD to include people on Main Street as well as Wall Street as living on greed.

Very good rhetoric about the challenges ahead, and how the American response will reflect on American character.

We just don’t have the money to do everything Obama promises. Seems to me that, after he gets in the White House, Obama needs to put on Jimmy Carter’s sweater and turn down the thermostat.

First, zero income tax for seniors making less than $50K? Well, by age group, senior citizens are the lowest-poverty group in America.

Making college affordable? I’m all for that, but only if it’s done, somehow, through federal tuition caps. You through more federal grant money in the mix, and universities, being run on the big biz model today, will just raise rates.

Renewable energy research is great, but won’t create close to five million jobs.

Jobs and Growth Fund? Jobs tax credit? What’s the price tag?

And, no, if you’re honest, you can’t talk about “all the savings” from getting out of Iraq, since that’s an off-budget war. And, before the election, at least, Obama refuses to talk about getting out of Afghanistan.

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