Obama's economic policies are likely to fail. Unemployment will remain high. National deficits will bankrupt us without entitlement reform and a reduction in Obama's spending.

The first thing Obama did when he started his term of office was pass the economic stimulus package. A $787 billion waste of money.

It focused the stimulus on the wrong portions of the economy and pushed most of the spending into 2011 and beyond. The money is needed now in 2009 and 2010, but most of it is back loaded. [This was done to help Obama's reelection prospects in 2012, but has backfired.]

The second mistake was ignoring the "job creators". Small businesses produce over 70% of jobs in our economy. But Obama's stimulus didn't provide incentives for small businesses to create jobs.

In February of this year Obama said if the stimulus package was passes unemployment would peak at 8% in the downturn. In May it was already at 9.4% and rising. It will be in double digits by the fall and could be 11 or 12% by year end.

So why didn't Obama try to create incentives for small business to create jobs?

Obama promised to lower taxes on 95% of wage earners and increase them on the top 5%. But the top 5% includes the small business owners, those who create all those jobs. Not only has Obama not passed incentives for small business owners to create jobs, but he has promised to "increase" their taxes [by letting Bushes tax cuts on them lapse.]

Obama is also planning to increase the financial burden on small business through his environmental bill [increasing the cost of energy], his health plan [there will be new fees and mandates for small business to provide health care to employees] and other regulatory activities.

All of this ignores Obama's deficits. The deficit this year will be over $1.8 trillion. At no time in the next 8 years is Obama planning to get deficit spending below, Bushes highest level which was last year at $500 billion. Obama's average deficit for his two terms (if reelected), by his own accounting, is approximately $1 trillion per year. Bush's was approximately $300 billion. And Obama's numbers are optimistic. It will probably be much higher than $1 trillion per year average deficit.

But borrowing and spending so much the government drives up interest rates for all others including for the private sector. Small businesses the job creators are facing higher taxes, higher costs and higher interest rates. All of their financial incentives are to shrink not create jobs.

Your generation will be left with a much weaker economy, high deficits, a high jobless rate and the high taxes necessary to pay the deficits.

You have to get your generation "riled up" about the theft by my generation from yours. Thats what deficits are, intergenerational theft.

Young people like you must sound the alarm and stop Obama before he destroys our economy under his stewardship.

If you think I'm right, tell me. If you think I'm wrong tell me why?Obama's economic policies are likely to fail. Unemployment will remain high. National deficits will bankrupt us without entitlement reform and a reduction in Obama's spending.

The first thing Obama did when he started his term of office was pass the economic stimulus package. A $787 billion waste of money.

It focused the stimulus on the wrong portions of the economy and pushed most of the spending into 2011 and beyond. The money is needed now in 2009 and 2010, but most of it is back loaded. [This was done to help Obama's reelection prospects in 2012, but has backfired.]

The second mistake was ignoring the "job creators". Small businesses produce over 70% of jobs in our economy. But Obama's stimulus didn't provide incentives for small businesses to create jobs.

In February of this year Obama said if the stimulus package was passes unemployment would peak at 8% in the downturn. In May it was already at 9.4% and rising. It will be in double digits by the fall and could be 11 or 12% by year end.

So why didn't Obama try to create incentives for small business to create jobs?

Obama promised to lower taxes on 95% of wage earners and increase them on the top 5%. But the top 5% includes the small business owners, those who create all those jobs. Not only has Obama not passed incentives for small business owners to create jobs, but he has promised to "increase" their taxes [by letting Bushes tax cuts on them lapse.]

Obama is also planning to increase the financial burden on small business through his environmental bill [increasing the cost of energy], his health plan [there will be new fees and mandates for small business to provide health care to employees] and other regulatory activities.

All of this ignores Obama's deficits. The deficit this year will be over $1.8 trillion. At no time in the next 8 years is Obama planning to get deficit spending below, Bushes highest level which was last year at $500 billion. Obama's average deficit for his two terms (if reelected), by his own accounting, is approximately $1 trillion per year. Bush's was approximately $300 billion. And Obama's numbers are optimistic. It will probably be much higher than $1 trillion per year average deficit.

But borrowing and spending so much the government drives up interest rates for all others including for the private sector. Small businesses the job creators are facing higher taxes, higher costs and higher interest rates. All of their financial incentives are to shrink not create jobs.

Your generation will be left with a much weaker economy, high deficits, a high jobless rate and the high taxes necessary to pay the deficits.

You have to get your generation "riled up" about the theft by my generation from yours. Thats what deficits are, intergenerational theft.

Young people like you must sound the alarm and stop Obama before he destroys our economy under his stewardship.

If you think I'm right, tell me. If you think I'm wrong tell me why?