With 2.5 million jobs lost since the start of the year, you'd think a new course of action would be under discussion. Instead, Democrats talk about a "second stimulus," apparently oblivious to the failure of the first.
In addition, the Democrat-controlled House has passed a 5.4% surtax on "millionaires" to fund health care. It's really an entrepreneur tax. This would be on top of the higher taxes the Democrats want on those with incomes over $250,000 and small businesses — the very engines of growth responsible for 80% of our new jobs.
Hasn't anyone noticed that despite a 20% jump in spending over the last year, tax revenues have plunged 18% — largely because many of the "millionaires" Congress is going after are going broke?
So are the rest of us. Web site E-forecasting.com estimates the U.S. has lost over $108 billion in real GDP since the stimulus began.
Our poll and others show a deepening disgust with radical policies that have resulted in out-of-control spending, over-the-top debt, looming tax hikes and an ever-tightening grip on the private economy. Anything, in other words, but economic growth.