Georgia Shows Washington How to Stimulate the Economy
Want to know what the Democrats and President Obama should have done to stimulate the economy? They should have done what Georgia is going to do. Looks like Georgia figured out that Washington and their piss-poor budgets and spending plans weren’t going to be much help so they decided to take action on their own.
The Patriot Post reports:
The Georgia House of Representatives passed the Jobs, Opportunity, and Business Success Act of 2009 (J.O.B.S. Act) last week, by a 164-to-4 vote. According to economic analyst Stephen Moore, “The bill provides tax credits to employers for hiring new workers and suspends other business fees and taxes. A second bill, which passed 166-to-0, will eliminate the state tax on business inventory if voters approve it through a statewide referendum.”
Georgia House Majority Leader Jerry Keen and his colleagues know the bill will be a “job creator.” Rep. Tom Graves said, “For some reason people in Washington seem to think that only big government spending programs can lift us out of this economic recession.” According to Moore, encouraged by former Reagan economist Arthur Laffer, the Georgia Senate is considering “an even more ambitious plan of phasing out the state’s corporate income tax.” Laffer says, “Georgia will be dramatically increasing its competitiveness relative to other tax-raising states.”
I can’t tell you how much I love this. This is exactly what Obama should have proposed as part of his “stimulus” plan. Obama could learn some valuable lessons from the states on how to govern. As it is he is floundering with his Socialist agenda that will prolong the current economic crisis. At least states like Georgia, South Carolina, and Indiana are taking matters into their own hands.
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