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2013-2021 when Ron Paul is President. The point I'm making is, you accept mediocrity as long as it paints your voting patterns (in your mind) in a better light. So you would celebrate the creation of part time jobs (with no benefits) for the unemployed as long as it was more than what Bush created, whereas I consider it crap regardless of who's in office.
I would take mediocrity over utopia. Come back when you have something from the real world.
Unfortunately, I left without any specific ideas about how the White House plans to promote growth and keep the U.S. No 1.
What I did hear, from President Obama and other speakers, was the following:
This is how we're taking care of the average americans who were duped into buying mortgages they couldn't afford (in part) by the banks we bailed out: Elizabeth Warren is working on a program that will demand that businesses write simple-to-read loans and other financial documents with "meaningful disclosure." Timeline: unknown.
Disclosure notices offers nothing concrete.
This is how we're keeping an eye on rising gas prices: We're "decreasing dependence on gas," said Obama.
That's a specific plan, isn't it?
This is how we're trying to balance the budget: Raising taxes will be the main way, as far as I could tell. Obama said, "Taxes are the lowest level they've been" in my lifetime.
Nothing on spending. Raising taxes alone won't work, and will eventually depress tax revenues. And again - no specifics offered.
And this is how we're stimulating growth: Encouraging people to create more (which isn't really *stimulating* anything). Obama had a "Call to Arms" to inspire entrepreneurs, and he said that making "meaningful investments" in things like infrastructure, education, and clean energy is important. But of all the points, I was the least clear on how the administration plans to accomplish growth.
Encouragement. Call to arms. Talk. All talk. Business owners will not hire with this amount of uncertainty and an increasing amount of regulation.
We are in trouble here. There is no plan to REALLY help the economy and the American populace. And seeing how they have helped invest in other countries - our lack of an economic plan is on purpose. They know how to generate business in other countries. They are choosing not to invest in America.
We are screwed if this man is left unchallenged.
Taxes: As you said, 0bama thinks they are really, really low, and wants to raise them on us during a depression.
Energy costs: 0bama and his Energy Sec. have already stated their goal is to make our fuel costs to match those in Europe, and cause electricity prices to necessarily skyrocket.
Job creation: 0bama thinks its as easy as simply demanding business owners to start hiring; while he threatens to raise their taxes, and spring new health care, energy and financial regulations on them over the next few years.
Inflation: 0bama is busy printing money with endless quantitative easying
US debt: 0bama running up another $2 trillion in debt.
US foreign policy: No one knows what the hell it is. We start new wars with no clear direction or defined goals. We seem to be orchestrating the downsizing of US influence in the world. We are intentionally antagonizing our allies, and giving our enemies the benefit of the doubt.
0bama is offering no leadership, and when the media starts questioning his lack of it, he thinks reading some rhetorical talking points will suffice. Apparently 0bama can fix every problem by increasing taxes and expanding green energy subsides.
Look at what the LSM has done to Palin and her family.
She isn't even running and they are going over her E-mails line by line to try to dig up more dirt on her and her family.
Can you blame good people for staying out of politics?
I think our journalist have hit an all time low as far as professionalisim and many of them do not deserve the jobs they have. We have families losing homes all over this country and I see first hand a number of families on our street piling in on mom and dad. Where are the cameras for these stories? They focus on such foolishness when a liberal is in the White House, but wait until a republican regains the seat and the cameras will be in every face with a story. The media really are pathetic.
Other than adding about a million private sector jobs you mean, right?
And losing over 6 million private sector jobs as well as 57,000 factories. Great job. The job reports are going negative Bob, not positive so how is that a gain?
How about lower the Corporate Tax Rate, I believe we have the second Highest Rate in the World, getting rid of his 2000 page Bill on Regulations,Redoing Obamacare better yet dump it,Opening up the Drilling and Mining, taking away the power he gave the EPA, following the Law on Illegals so States can stop Supporting them, and stop the money going to Nations that "are not " our Friends we don't need to pay anyone to hate us we have enough of them without having to pay!!!! And how about just being in support of our own Country and not worry how you look to the rest of the world! After we get ourselves back on track we can then worry about supporting the World!
This is another one of those zombie memes.
1) While the statutory corporate tax-rate may be high, the effective rate is low because of loopholes.
Boston.com:
Quote:
WASHINGTON — As a share of the nation’s economy, Uncle Sam’s take this year will be the lowest since 1950, when the Korean War was just getting under way.
And for the third straight year, American families and businesses will pay less in federal taxes than they did under President George W. Bush, because of a weak economy and a growing number of tax breaks for the wealthy and poor alike.
Income tax payments this year will be nearly 13 percent lower than they were in 2008, the last full year of the Bush presidency. Corporate taxes will be lower by a third, according to projections by the nonpartisan Congressional Budget Office.
2) There is no evidence that lowering taxes on corporations increases economic activity. The math and logic are simple. If the statutory tax-rate is 35%, there is no business decisions that a corporation will make at 35% that it won't make if the rate was lowered to 25%. If the expected return on a business project has a positive net present value (NPV), it always makes sense to go forward with the project. If the firm expects to earn $750,000 or $650,000 after taxes, it makes no difference as far as the decision to go forward.
Businesses aren't investing because taxes are too high -- because taxes haven't changes in a decade. Businesses aren't investing in new employees or new equipment because they are already below capacity because they lack demand. Lowering taxes won't change that equation.
And losing over 6 million private sector jobs as well as 57,000 factories. Great job. The job reports are going negative Bob, not positive so how is that a gain?
Where does your information that Obama lost 6,000,000 private sector jobs?
The job losses were intensifying up until inauguration day, then began to reverse.
Where does your information that Obama lost 6,000,000 private sector jobs?
The job losses were intensifying up until inauguration day, then began to reverse.
Reverse? Hmmm, what was the unemployment rate when he took office, and what is it now? Obviously the unemployed have grown since he took office, and we are stuck in an 0bamavile quagmire.
The biggest gains in employment came when they reduced the number of people in the total US work force, to calculate their employment figures. Every month the take more people off the active seeking employment roles.
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