Should we laugh or cry over the president’s latest proposed solution to the country’s economic malaise?

Michael Medved likens it to the “Wimpy” philosophy of fiscal irresponsibility: “Wimpy” Logic Rules Washington

Monday’s dramatic revelation of President Obama’s brilliant plan to pay for his priorities (“Tax the Rich—and then tax them some more!”) did nothing to dethrone Wimpy as the administration’s chief economic advisor. Even if he gets all the tax increases he seeks, they are projected to generate only $1.5 trillion over ten years—or just $150 billion a year –while the cost of his jobs bill would be $447 billion next year alone!

 
And after all that profligate spending will Americans be back to work? No – we’ll probably be facing even higher unemployment. That’s what happens when you punish job creators, as Curtis Dubay at Heritage Foundation points out: Obama’s Jobs Plan: Permanent Tax Hikes on Job Creators
 

This tax hike would negate any benefits of the President’s jobs policies. Capping deductions as President Obama’s plan does would raise the marginal effective tax rate of these important job creators and therefore reduce their incentives to invest and take on new risk— permanently. Less investment and less risk-taking means fewer new jobs created.
 
Since it is likely President Obama’s job proposals would create few, if any permanent, positions, taken together with the tax hike on job creators, his plan would likely reduce employment in the long term.

 
For a taste of the real impact of job-killing big government overreach and over-regulation check out this video from MRCtv ~ I Was Fined Because I Hired Too Many People:

 
This administration’s foolishly destructive policies are no joke.
At least Popeye cartoons were entertaining. But even as kids we were able to recognize the absurdity of “Wimpy Logic.”