I support President Obama`s jobs plan!

[HappyTexan]

Originally Posted by malamute

We can tax the imports. We built expensive items here before and Americans had wages that allowed them to buy them. Unemployed Americans also cannot afford $30K vehicles.

If Obama really gave a damn about Americans, he would have tackled the problem of globalism, NAFTA, "free trade", and so on and wouldn't just be doing speeches pretending to care.

But this is a global economy now and corporates sell all over the world.

The US is at the high end of the labor cost figure so we are the losers here.
The emerging countries with their flourishing middle class will dictate where the jobs are. As their standard of living increases ours will decline. This will continue until a medium is hit where we all end up on a level playing field.
A loss for the US.

And there is nothing we can do about it.

[Trae713]

Originally Posted by momonkey

Actually, it's four and change...nowhere near six.

The National Debt by President · The National Debt Crisis


Curious that you claim Bush ran the economy off "the cliff" because I made the best money in my life during the Bush Presidency and always had numerous jobs available to me. In fact, dealerships used to send me letters in the mail all the time trying get me to come work for them. Unemployment averaged about 5% for most of his presidency, inflation was low and the economy grew. So what's the beef?

It was a false economy created on bad credit. I'm sure you saw the **** hit the fan towards the end of Bush's term.

[BigJon3475]

Originally Posted by HappyTexan

But this is a global economy now and corporates sell all over the world.

The US is at the high end of the labor cost figure so we are the losers here.
The emerging countries with their flourishing middle class will dictate where the jobs are. As their standard of living increases ours will decline. This will continue until a medium is hit where we all end up on a level playing field.
A loss for the US.

And there is nothing we can do about it.

You think it's a good time to tell them that that median is 25% of what the current GDP is (2010 dollars)? Or should I wait?

[HappyTexan]

Originally Posted by BigJon3475

You think it's a good time to tell them that that median is 25% of what the current GDP is (2010 dollars)? Or should I wait?

I think you better wait
Too many folks think UAW wages for non college graduates should be "the norm".

[newonecoming2]

Originally Posted by Yeledaf

With one small twist.

The cost of the jobs plan is estimated at $450 billion. The census bureau reports that there are about 113 million households in the United States:

USA QuickFacts from the US Census Bureau

Okay, then.

Instead of just handing the cash to a newly-created bureaucracy, and rewarding unions for their support of the Democrats, with the power of the stimulus watered down and chipped away, why not demonstrate some real creativeness and issue each American household a non-transferable voucher -- which MUST be redeemed within one year (or it is no longer valid), and good only for goods, products, or services made in the USA --- for $3982.30 ($450 billion divided by 113 million)?

That way, the money goes to the people who will spend it, depending on their own individual choices and needs. Small and large business will benefit. People will be hired by the private sector. Taxes will be collected. And the entire economy will benefit.

Obama claims that his proposal will benefit each American household by $1500. I have him beat by over two grand!

Good idea? Yes? No? Why?

I like it.

[WilliamSmyth]

Originally Posted by momonkey

Not really...

Americans for Tax Reform :: Comprehensive List of Obama Tax Hikes

And how many of those tax hikes are in effect right now? We still have essentially the same tax structure that we had before Obama became president.

[HappyTexan]

Originally Posted by WilliamSmyth

And how many of those tax hikes are in effect right now? We still have essentially the same tax structure that we had before Obama became president.

I counted 9 already in effect.

[WilliamSmyth]

Originally Posted by HappyTexan

I counted 9 already in effect.

My assertion stands. We currently have essentially the same tax structure we had under the prior administration. The vast majority of American people are either not effected by these changes or could avoid them.

Americans for Tax Reform :: Comprehensive List of Obama Tax Hikes

-A 156 percent increase in the federal excise tax on tobacco

-Obamacare Medicine Cabinet Tax

Americans no longer able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin).

-Obamacare HSA Withdrawal Tax Hike
Increases additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent.

-Obamacare Tax on Indoor Tanning Services

-Obamacare Blue Cross/Blue Shield Tax Hike
The special tax deduction in current law for Blue Cross/Blue Shield companies would only be allowed if 85 percent or more of premium revenues are spent on clinical services.

-Obamacare Excise Tax on Charitable Hospitals

$50,000 per hospital if they fail to meet new "community health assessment needs," "financial assistance," and "billing and collection" rules set by HHS.

-Obamacare Tax on Innovator Drug Companies
-Obamacare “Black liquor” tax hike
-Obamacare Codification of the “economic substance doctrine”