In a recent campaign ad, President Obama talks about four promises that will come to fruition in a second Presidential term. However, given what has happened in his first term, one could have suspicions the second term may not be quite as rosy as the President claims. Katrina Trinko spells it all out:
In a new ad, President Obama makes four promises:
First, we create a million new manufacturing jobs, and help businesses double their exports, give tax breaks to the companies that invest in America, not ones that ship our jobs overseas.
Well since Obama’s been in office, the nation has actually lost nearly 600,000 manufacturing jobs.
Second, we cut our oil imports in half and produce more American made energy–oil, clean coal, natural gas; and new resources like wind and solar; biofuels, all while doubling the fuel efficiency of cars and trucks.
You know what would help with this? Building the Keystone pipeline.
Third, we ensure that we maintain the best workforce in the world by preparing a hundred thousand additional math and science teachers; training two million Americans with the job skills they need at our community colleges; cutting the growth of tuition in half and expanding student aid so more Americans can afford it.
As I’ve previously written, expanding student aid is problematic: it’s likely to increase college costs, which are already astronomical, instead of helping people who couldn’t otherwise afford college. Right now, we’re in danger that college, like health care, is going to become something where government funds so much that the market forces are completely skewed and it’s next to impossible to keep costs under control.
Fourth, a balanced plan to reduce our deficit by $4 trillion over the next decade. On top of the $1 trillion in spending we’ve already cut, I’d ask the wealthy to pay a little more. And as we end the war in Afghanistan, let’s apply half the savings to pay down our debt and use the rest for some nation-building right here at home.
…When properly counted, $4 trillion in new alleged deficit reduction becomes less than $400 billion. There is no policy change to alter our disastrously unsustainable path. As the Washington Post’s Glenn Kessler points out, “the repeated claim that Obama’s budget reduces the deficit by $4 trillion is simply not accurate… virtually no serious budget analyst agreed with this accounting.”
When it comes to the future of our country, these four areas of public policy are absolutely critical to our nation entering that future successfully. Unfortunately, Obama has spent his entire first term adding to the debt, watching poor jobs report after poor jobs report trickle in, blocking energy expansion, and expanding the role of the federal government in education. Do any of these sound like a recipe for success?
The fact is that we need to balance the budget through elimination of overspending and tax reform. This will also help speed up the economic recovery, which will add jobs. Eliminating certain regulations on energy production would help reduce the deficit and add jobs, especially projects like the Keystone Pipeline that are all but ready to launch. And, of course, lowering the cost of education by reducing the role of the federal government in education certainly can’t make things worse.
These four goals have already failed under this President. Perhaps he will consider a change of course?