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Government does not create jobs. Jobs are "created" by inventing something, then producing it, then marketing it, then selling it to consumers who need or want it and can afford it. Government can pay to create false drone government jobs, but they not sustainable in any economic market.
I don't know about anyone else, but I am about sick to death of the "Pet Rock" theory that government can create jobs.
If Obama or Congress really want jobs, they need to get rid of the regulations that hamper small businesses from becoming large businesses, they need to stop doling out tax dollars via government programs to a handful (which takes away profits from some businesses to give to others, and creates nothing) and stop permitting the Federal Reserve from handing out billions under the table to both local and foreign banks and corporations. Since neither POTUS nor Congress for the past 70 years has had any interest in encouraging growth by getting out of the way, only in bribing their friends and donors by putting down restrictions that permit their buddies' pre-engineered loopholes, I see nothing changing - except the prices rising, fewer people employed, more restrictions, less opportunity, less income, less GNP, and more insidious power to the ruling class.
Government does not create jobs. Jobs are "created" by inventing something, then producing it, then marketing it, then selling it to consumers who need or want it and can afford it. Government can pay to create false drone government jobs, but they not sustainable in any economic market.
I don't know about anyone else, but I am about sick to death of the "Pet Rock" theory that government can create jobs.
If Obama or Congress really want jobs, they need to get rid of the regulations that hamper small businesses from becoming large businesses, they need to stop doling out tax dollars via government programs to a handful (which takes away profits from some businesses to give to others, and creates nothing) and stop permitting the Federal Reserve from handing out billions under the table to both local and foreign banks and corporations. Since neither POTUS nor Congress for the past 70 years has had any interest in encouraging growth by getting out of the way, only in bribing their friends and donors by putting down restrictions that permit their buddies' pre-engineered loopholes, I see nothing changing - except the prices rising, fewer people employed, more restrictions, less opportunity, less income, less GNP, and more insidious power to the ruling class.
But Obama told us all the stimulus would keep unemployment below 8% didn't he? Or are we supposed to forget that like you seem to have?
Bob quickly forgot that....but hey, we are suppossed to accept going from 10.1 to 9% as good in 3 yrs...
I heard thsi am one way to pay for this is to raise taxes on high earners...seems like we have heard that before....what is the infatuation about taking others money?
But Obama told us all the stimulus would keep unemployment below 8% didn't he? Or are we supposed to forget that like you seem to have?
The right wingers said that 900 billion in new spending to continue the Bush tax cuts for the rich was "Absolutely necessary for job creation" and not to "raise taxes on the job creators" though none have been created,..
It couldn't be,...did the right wingers just lie so they could get more government handouts for the rich?
Just a month ago the government nearly defaults because they insist on spending over our debt limit.
Our credit rating is reduced because no one can foresee how we can pay our bills, or how we can pay the interest on what we are borrowing.
Even president Obama admits spending is out of control, and talks about $4trillion in spending cuts.
Now, just a month later, he wants to add another $400 billion in defecit spending? Is he deliberately out to destroy this country? Or simply incompetant?
The rate at which the government can borrow is 2%, the lowest in decades. While the long-term debt situation is a problem, today the problem is unemployment.
Textbook economics states that increasing government spending (a component of GDP) increases GDP, creates demand and with it jobs. Those new people with jobs pay taxes. Those paid taxes are higher than the interest on the additional debt. If that debt was to replace aging infrastructure that needs to be replaced anyway, it's a bargain.
Again, this isn't pie-in-the-sky economic theory. This is textbook ECO 101 stuff.
But Obama told us all the stimulus would keep unemployment below 8% didn't he? Or are we supposed to forget that like you seem to have?
So, they underestimated the extent of the recession. That doesn't negate that it was a good idea. It was just too small.
Also, what they underestimated was the "negative stimulus" that was going on around the country. While the federal government was sending out stimulus checks and tax-cuts, state and local governments were laying off teachers and workers.
Against this you had a stimulus bill of $800 billion — except $100 billion of that was AMT extension that was going to happen anyway, another $200 billion was other tax cuts of dubious effectiveness, so you were left with $500 billion of spending, spread over more than 2 years — maybe 1.5 percent of GDP or less, which kept the unemployment rate down to 9.1% instead of Reagan's 10.8%.
We have something in place known as the highway bill to replace those things you mention. Of course the last one expired in '09 and keeps getting extensions. Now why don't they just pass a highway bill instead of all this infrastructure bank nonsense??
The right wingers said that 900 billion in new spending to continue the Bush tax cuts for the rich was "Absolutely necessary for job creation" and not to "raise taxes on the job creators" though none have been created,..
It couldn't be,...did the right wingers just lie so they could get more government handouts for the rich?
Who extended those tax cuts? Yep the great orator. You still upset with him about that? lol
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