Issue Position: Economy

Issue Position

Economy

President Obama's "Stimulus Bill" was poor public policy sold to the American people under the pretense of saving them from an economic collapse. This was an attempt to stimulate economic growth through government spending, which succeeded in increasing our debt and deficit but failed to stimulate the economy in a measureable way.

The Obama Administration is operating from the wrong economic philosophy. Borrowing and spending results in an inescapable and inevitable obligation to service the expanded debt. Higher interest payments and principle payments will delay the recovery. Government borrowing and spending crowds out private investment and reduces private sector job creation. The current ruling, one-party leadership team of the President, Nancy Pelosi, and Harry Reid needs to understand government doesn't create jobs. If job creation is truly desired, voters know government just needs to get out of the way and let businesses be productive so new hires can come on board.

We need to reduce taxes and excessive regulation on business. Business needs predictability. Right now, the only thing businesses are certain of is that more taxes and regulations are coming their way - which means their ability to be profitable and create jobs will be curtailed significantly.

We must end the federal government's support for, and involvement in, Fannie Mae and Freddie Mac; putting them on the fast track to privatization. And we must divest the federal government's share of private entities like GM, Chrysler, and AIG -- then return any unused stimulus funds to the federal treasury.

The American people know better how to spend their money than government can any day. It is an arrogant thought for Washington bureaucrats and politicians to believe otherwise.

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