AUDIONETDAILY

Obama's job claims 'obnoxious and outrageous'

Economist blasts stimulus bluster, possible European-style sales tax

Posted: May 30, 2009
12:01 am Eastern
© 2009 WorldNetDaily

President Barack Obama says his mammoth 787 billion dollar stimulus plan has saved or created 150,000 jobs in the first 100 days since it cleared Congress.

J.D. Foster, a senior fellow in economics at the Heritage Foundation, argues Obama's claims of job creation are "obnoxious and outrageous." and that despite the spin, the U.S. has lost some "2 million jobs" since Obama took office.

"When the economy is contracting as rapidly as it is and we're losing jobs as rapidly as we are, it is just outrageous for the president to stand up and say that his program has created any specific number, or any number of jobs at all," he added.

Foster spoke with Greg Corombos of Radio America/WND. The audio of the exchange is embedded here: http://www.worldnetdaily.com/index.php? ... geId=99657

"Whatever happens with employment we know the stimulus had nothing to do with it," he continued. "You can't create jobs by the federal government spending money ... you can create jobs in specific sectors ... but for every job you create in a specific sector ... there's a job lost somewhere else."

Foster isn't surprised Obama is said to be considering "a very sophisticated national sales tax" to pay for the ballooning deficit and to fund his government-run health care program.

The European-style value-added tax is "a money maker of the first order."

According to Foster, if the value-added tax were implemented, along with the other tax hikes proposed in Obama's budget, the U.S. "would begin to make France and Germany look like low-tax countries."

"This is a very dangerous place to be in, the economy cannot sustain that, the American family cannot sustain that," Foster said.

"The problem is the president wants to make government the dominate force in our economy and in our lives, that's wrong, we should shrink the government."

http://www.worldnetdaily.com/index.php? ... geId=99657