Lest anyone believe this blog will be soft on Obama...

Ever since this blog began five years ago, I have very often broken bad on George W. Bush. Because he has consistently proven himself to have been the worst President of the modern era (and quite possibly the worst ever). There have been a few times when I have not hesitated to praise his actions, but those have been few and far between. It will be decades before the damage that he has done to America can be fully repaired, if at all.

But don't think that The Knight Shift is going to be a safe harbor for pro-Obama sentiment either...

This blog and the admittedly off-kilter guy behind it do not cotton to any ideology. If anyone enters my dojo with the sad notion that I should admire or fear them because they are a self-styled "conservative" or "liberal", then they are wrong... and I won't hesitate to land them square on their ass for their assumed bravura. People can have conservative or liberal opinions about a given issue, but to deride others as blanket "conservative" or "liberal" is to not give those people the respect that they deserve and to give such a label to one's entire identity is the acme of shallowness.

So Bush is finally going away, and it can't come a moment too soon. How much confidence do I have with incoming Barack Obama? If this next story is any indication: not much at all.

According to a video that Obama had posted on YouTube, as part of "economic stimulus" he wants to create three million new jobs, with 80% of those being in the private sector.

But that translates into 600,000 jobs that will be in government. In other words: more bureaucrats. What these new employees on the federal dole will be doing that government employees are not already busy with, I haven't a clue. And I would be remiss if I did not mention that no nation in history ever created prosperity for itself by increasing the size and scope of its own government. The George W. Bush years alone proved that.

What I'd love to know even more though, is how exactly does Obama believe he can create 2,400,000 employed positions in the private labor force? The most robust way that I can recall that ever being possibly done, is for there to be wartime conditions like World War II, when vast segments of the population went to work for defense contractors.

There is only one way that Barack Obama can help create economic growth and recovery for America's finances: cut taxes - especially slashing income taxes and corporate taxes so as to encourage more domestic industry - and cut spending. Not just one and not just the other, but both together.

If Barack Obama does that, he will truly go down in history as one of the greatest American Presidents of all time.

We'll see what happens, over the next four years or eight...

Categories: barack obama, economy, finances, george w. bush, government, industry, taxes