Declaring that "it’s clear that neither President Barack Obama’s economic plan nor his world peace plan is working," Ronald Kessler makes misleading claims in his July 20 Newsmax column to attempt to prove his point.
Kessler asserts that "Funneling money through the federal government has no multiplier effect and does not give businesses incentives to expand and hire more people. ... If Obama had instead offered tax incentives, as the Republicans proposed, rather than planning to raise taxes, businesses would have felt more confident about hiring more workers." In fact, government spending does have a stimulative effect; further, according to economist Mark Zandi, government spending has a higher multiplier effect than do business tax cuts.
Kessler went on to claim: "While the administration promised immediate results, Obama is now saying the stimulus was meant to have an effect over two years." In fact, White House chief economic adviser Larry Summers said in February that while there would be some immediate effects, "the effect will build over time."
Kessler also falsely claimed that Obama, in a 2001 radio interview, "expressed regret that the Supreme Court hadn’t engaged in wealth redistribution." That's a lie -- as we've detailed, Obama said no such thing, no matter how many times Kessler insists he did.