President Obama took his campaign gave a speech on the economy in Chattanooga, Tennessee yesterday. Here is how the local newspaper welcomed him.
President Obama,Thanks to Hot AirWelcome to Chattanooga, one of hundreds of cities throughout this great nation struggling to succeed in spite of your foolish policies that limit job creation, stifle economic growth and suffocate the entrepreneurial spirit.
That’s because your jobs creation plans so far have included a ridiculous government spending spree and punitive tax increase on job creators that were passed, as well as a minimum wage increase that, thankfully, was not. Economists — and regular folks with a basic understanding of math — understand that these are three of the most damaging policies imaginable when a country is mired in unemployment and starving for job growth.
The American Recovery and Reinvestment Act of 2009 helped fund the Gig to Nowhere project, a $552 million socialist-style experiment in government-owned Internet, cable and phone services orchestrated by EPB — Chattanooga’s government-owned electric monopoly.
While the Smart Grid will cost taxpayers and local electric customers well over a half-billion dollars when all is said and done, there has been little improvement in the quality of EPB’s electric service. Worse, despite being heavily subsidized, EPB’s government-owned Internet, cable and telephone outfit that competes head-to-head against private companies like AT&T and Comcast is barely staying afloat, often relying on loans from electric service reserve funds to afford its business expenses.
As a result, Chattanooga has remained a relative ghost town for technological innovation. Almost no economic development whatsoever has resulted from the gig.
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