Obamas Policy Could Hurt Job Creation
with Terry Savage, Nationally Recognized Expert on Personal Finance, the Markets and the Economy, Author \u2013 The Savage Truth on Money (Amazon.com bestseller)
The danger is in the details. It's enticing to believe that government can \u2018help\u2019 middle class Americans. But where will they get the money to do that? Terry Savage says that despite Obama\u2019s rhetoric of "taxing the rich", it's pretty apparent that the middle class will do most of the paying. She questions many of Obama\u2019s policy proposals on their long-term merit and on how they might be financed \u2013 issues such as tax credits for childcare, job creation, taxes on capital gains, free Community College, sops that forgive student loans and the American education system. Savage sees Obama\u2019s proposals as channeling behavior through government initiatives which will really end up hurting job creation, the American economy and the middle class.