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<\/p>\nRUSH: Heritage Foundation today, the Morning Bell blog: “Why Would Obama Veto Job Creation? — Today, the U.S. House of Representatives is set to vote on a bill that would, among other things, open the door for the creation of thousands of new jobs, prevent a tax hike on American workers, and help reduce the crippling deficit. However, President Barack Obama has promised that he would bring the legislation to a halt with a veto — all because of his opposition to the single measure in the bill that would create jobs.” And this of course is the Keystone pipeline.<\/p>\n
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“It includes some positive measures that could bring comfort to the millions of Americans who are struggling under the Obama economy and are looking for hope this holiday season. Camp said of the bill, ‘With its passage, Americans can be confident that these programs and provisions will be available next year, that they will not result in decades of debt and that they will be paid for with fiscally responsible reforms, not job-killing tax hikes.'” Obama\u2019s vetoing it. Notice Obama is threatening to veto a bill that would both lower taxes and create jobs. Aren\u2019t those two of the things that he claims to want, that he claims to be focused like a laser on? Cutting taxes and creating jobs, and he\u2019s going to veto it.<\/p>\n
I know why. Very simple why. There are two reasons. I don\u2019t know which one is more of a priority with him than the other. It\u2019s a toss-up. One, he does not want an improved economy. He does not want tax cuts. He wants tax increases. He does not want new jobs unless they\u2019re union jobs or government jobs. He doesn\u2019t want that. Secondly, by holding out the possibility for as long as he can that he will or maybe not “okay” the pipeline he gets campaign contributions from both interests. Right now the environmentalist wackos are donating heavily to try to influence him to not approve the pipeline.<\/p>\n
On the other side of it, Big Oil and other energy companies are also donating to Obama and the Democrats, hoping to influence a decision to legalize the pipeline. By making a decision, he cuts off half of his campaign contribution flow, half that revenue stream. (interruption) Damn straight I\u2019m being serious! It\u2019s not cynical at all. It\u2019s exactly who the guy is. The Heritage guys are asking here, “Why would Obama veto job creation?” The only part of the bill that would significantly create jobs is the only part he\u2019s threatening to veto. The president of the United States is running for reelection by vetoing lower taxes and more jobs. It\u2019s just that simple. Now, here\u2019s Dingy Harry yesterday afternoon in Washington. He was on the Senate floor talking about the payroll tax.<\/p>\n
Now, the payroll tax… Dingy Harry is holding the budget and Congress hostage over the payroll tax cut extension, which is also part of this. According to the National Journal — this is what they say — “Reid, in conjunction with Obama, is insisting that he will not permit a final vote on the spending package containing nine annual spending bills that were due on October 1st until the payroll tax cut and the unemployment insurance are extended, both set to expire at the end of the year.” So it sounds to me like Dingy Harry is threatening to shut down the government if he doesn\u2019t get his way on the payroll tax cut — and just to be clear, just so you know, the payroll tax cut has nothing to do with saving the middle class any money.<\/p>\n
All that is is the Democrats latest attempt to raise taxes on the rich, because the way they\u2019re gonna pay for the payroll tax cut is with a tax on the rich. That\u2019s why they won\u2019t accept any other plans. That\u2019s what they want is a tax increase on the rich. They\u2019re out there trumpeting this fact that they want a big payroll tax cut extension. It\u2019s the only funding mechanism for Social Security, by the way. But the real reason they\u2019re so excited, they\u2019re orgasmic about it, is because it gives them a tax increase on the rich. “Reid may tie the fate of a separate, massive $900,000 billion plus spending plan to finance most government operations in 2012 to the successful passage of the extender bill. That, even though the House Republicans say a handshake deal with congressional Democrats was secured.” So here is Dingy Harry along the same lines on the House floor yesterday.<\/p>\n
REID: They call our plan time after time “a tax on job creators,” and I say “so-called job creators.” Because I say that, Mr. President, every shred of evidence contradicts this red herring. Millionaire job creators are like unicorns: They\u2019re impossible to find, and don\u2019t — don\u2019t exist. That\u2019s because only a tiny fraction of people making more than a million dollars, probably less 1%, are actually small business owners; and only a tiny fraction of that tiny fraction is a traditional job creator.<\/p>\n
RUSH: Well, how fascinating. There aren\u2019t any millionaire job creators. Small business owners create jobs; they\u2019re non-millionaires. They don\u2019t pay taxes, and they don\u2019t create jobs. It\u2019s a red herring. They\u2019re like unicorns, there aren\u2019t any job creators out there. Which reminded me of Steve Wynn. Steve Wynn back on April 19th was on Cavuto\u2019s Fox Business Network show, and they had a discussion about the effect of Obama policies on the average worker, and Neil Cavuto said to Steve Wynn, “Is it the fiscal policy of the government? I mean, this freeze in financial activity prior to the pickup in the last years predates this administration? So a lot of, folks, are saying, “You know, it\u2019s sort of like a devil- may-care times of corporate America — partying, having their annual meetings and the like — that\u2019s just cooled period. You don\u2019t buy any of this?”<\/p>\n