Once again, Obama showed up 15 minutes late for his much awaited economic speech today about the $800 billion federal spending boondoogle. In his speech, he took a page out of the Carter textbook, sans sweater, and bemoaned the state of the economy. He painted a bleak picture and warned that if the government did not come to the rescue with hundreds of billions of dollars in stimulus, we would face "dire consequences" for years to come. It sounds like he is trying to paint as bleak a picture of the economy as he can so he can manage our expectations!

Geez, I'm glad I watch that speech live. How uplifting! In this package is the usual nonsense about spending for infrastructure, alternative energy, updating most federal buildings to improve energy efficiency, making medical records electronic, expanding broadband networks, and rebuilding schools. And of course, a $1,000 tax cut for 95% of working families, including the ones that do not pay any income taxes.For this crap we have to spend $800 billion? What, no Man on Mars program thrown in to round it up to $1 trillion?

In the speech there was NO mention of:

Drilling for Oil

Freezing federal wages and reducing benefits to bring them in line with the private sector

Spending money on upgrading our military weapons systems

Corporate tax relief to spur real private sector job growth

DEEP spending cuts in the existing federal budget.

Yesterday, Obama had lunch with Bush 41 & 43, Clinton and Carter (who seemed to be quarantined in the photo-op).  It's too bad that Ronald Reagan wasn't there to tell him about his eight years in the Oval Office. Doesn't anybody remember in the late 70's and early 80's unemployment over 10%, interest rates in the 20's and stagflation? We didn't have 24/7 cable and the internet in those days so we couldn't obsess about how bad things were all the time. We got through those times with positive leadership from Reagan and tax cuts. And it didn't hurt to throw a few billion at the Defense Department either.

The times are tough right now but do we really need to spend close to $1 trillion on top of all the other billions we have already "invested"?

We do not need to hear from our President-elect how BAD things are. Instead we need to hear how things will get BETTER with tax cuts for people who pay taxes and corporate tax cuts to make us competitive with the rest of the world. Stop painting such a bleak picture of the economy while telling us you will SAVE or CREATE three million jobs with this stimulus nonsense.

Most of these stimulus jobs sound like union paying, construction-type jobs. Only 7.5% of the work force is unionized.  What about the rest of the unemployed who do not work in construction? The numbers just don't add up with these type of projects, unless we are going to create another 1 million government bureaucrats. (Wait, make that 999,999 -- Obama hired a new bureaucrat yesterday, a Chief Performance Officer).

Of course, he promised there would be no waste, because all the projects would be on the internet for all to inspect. No waste? Remember he has the likes of the following Beltway Blowhards to appease:

Nancy Petulant Pelosi, Barney Blather Frank, Charlie Rangel, Clueless Harry Reid, Chris Coxcomb Dodd...these people have been part of the problem for years.  
                                                                                        
                                                                                             

Do you expect these clowns to be part of any stimulus solution?

Obama needs a dose of reality. Stop talking to these DC Dullards and call an economic summit with REAL BUSINESS PEOPLE. Invite 25 to 30 business leaders into the White House and ASK them what  the government can do to create jobs and then LISTEN to their answers. Get GREAT PEOPLE from GREAT COMPANIES. Who would you rather talk to, the CEO's of great companies like Johnson and Johnson, Exxon Mobil, Wal Mart,  and Verizon or the loser CEO's from the Shrinking Three automakers who only  know how to destroy jobs and ask for government bailout money?

In the summit mix should be CEO's from smaller companies too, like Stanley Steemer, the Dollar Store, as well as 4 or 5 small businesses that employ 25 to 100 people, companies like your local Oil Supplier or "Joe the Plumber" Inc.These people will give you an honest earful what is wrong with the economy and they will most likely tell you to CUT TAXES and reduce the mindless regulation. And make sure you invite companies that are incorporated in the high tax and spend states like California and New Jersey, if there are any left.

There is a trillion dollars worth of  state and federal bureaucratic stupidity built into the economy already.  Listen to these business people and you will come out of this summit with a clear, correct  message for economic CHANGE. Our future depends on it. Do not rely on the mindless members of Congress who are accountable to no one, since most of them come from "safe" gerrrymandered districts.

Once the Beltway Blowhards get their hands on this stimulus package, it will be unrecognizable from the original flawed proposal so why bother. Keep it simple - CUT TAXES and watch the economy grow!