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Old 06-11-2010, 11:11 AM
 
Location: South Fla
9,644 posts, read 9,862,646 times
Reputation: 1942

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President Obama Friday repeated his call for Congress to pass a $30 billion package to foster hiring and help tackle painfully high levels of unemployment.

News Headlines (http://www.cnbc.com/id/37634730 - broken link)

Ummm NO
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Old 06-11-2010, 11:13 AM
 
Location: Chicagoland
41,325 posts, read 45,021,080 times
Reputation: 7118
Wait!

Wasn't that what Failed Stimulus One and Failed Jobs Bill Two were supposed to do?

Can we all just admit, right now, he has no idea what he is doing and the "stimuli" have FAILED?
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Old 06-11-2010, 11:14 AM
 
Location: Great State of Texas
86,052 posts, read 84,636,755 times
Reputation: 27720
From the link:
"...eliminate capital gains taxes for investment in small firms..."

Yup..I can see it now..millions of jobs. Most investment in small firms is sweat equity of the owners.
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Old 06-11-2010, 11:14 AM
 
Location: New London County, CT
8,949 posts, read 12,163,006 times
Reputation: 5145
Can't have it both ways. Government spending = jobs. If you scream at the president about the unemployment and then take away the only tools he has to lower it, you don't want a solution... You just want to scream.

Corporate taxes are lower than they ever have been. I don't see the private sector creating a gazillion jobs. So please don't start the lower taxes mantra.... Your taxes are lower than they have been in quite some time. We need higher taxes to pay the deficit... and more controlled spending across the board (Yes, that includes the military. )
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Old 06-11-2010, 11:16 AM
 
Location: Great State of Texas
86,052 posts, read 84,636,755 times
Reputation: 27720
Quote:
Originally Posted by mlassoff View Post
Can't have it both ways. Government spending = jobs. If you scream at the president about the unemployment and then take away the only tools he has to lower it, you don't want a solution... You just want to scream.

Corporate taxes are lower than they ever have been. I don't see the private sector creating a gazillion jobs. So please don't start the lower taxes mantra.... Your taxes are lower than they have been in quite some time. We need higher taxes to pay the deficit... and more controlled spending across the board (Yes, that includes the military. )
Government spending DOES NOT create jobs.
Government can only provide an environment that promotes private company expansion.

Mandated health insurance, corporate tax increases, lack of small business loans...yeah..NOT conducive to business expansion.
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Old 06-11-2010, 11:23 AM
 
Location: Long Island
32,833 posts, read 19,539,982 times
Reputation: 9632
didnt they just spend 50 billion on a jobs bill back in march??????
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Old 06-11-2010, 11:24 AM
 
Location: New London County, CT
8,949 posts, read 12,163,006 times
Reputation: 5145
Quote:
Originally Posted by HappyTexan View Post
Government spending DOES NOT create jobs.
Directly and indirectly, yes it does. If the government provide funds to hire police and firefighters, jobs have been created. If money is set aside to fix a bridge, workers have to be hired to do this.... Can you explain your view point?

Quote:
Originally Posted by HappyTexan View Post
Mandated health insurance, corporate tax increases, lack of small business loans...yeah..NOT conducive to business expansion.
Corporate taxes are too low if BP is spending the kind of money they are on clean up and stopping the oil and still are giving a huge dividend. Profits by many American corporations are obscene.

Mandated health insurance is going to cover 16 million additional people. It is also going to make insurance more sane for everyone else. Considering the number of medical bankruptcies that are filed, I consider this a positive economic development as well.

Re: Small Business Loans-- We agree on this one.
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Old 06-11-2010, 11:26 AM
 
Location: Great State of Texas
86,052 posts, read 84,636,755 times
Reputation: 27720
Quote:
Originally Posted by workingclasshero View Post
didnt they just spend 50 billion on a jobs bill back in march??????
Yup..bunch of temp jobs along with a bunch of permanent government jobs to oversee and do the paperwork for those temp jobs.

Do you think those new permanent government jobs to oversee the temp jobs will go away ??

The government is doing nothing but expanding ITSELF and creating temp local/state government jobs.

That is NOT what we want folks. Don't we have enough hike/bike trails and cleaned up parks and renovated small municipal airports that serve those in Congress ?
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Old 06-11-2010, 11:33 AM
 
Location: New London County, CT
8,949 posts, read 12,163,006 times
Reputation: 5145
Quote:
Originally Posted by HappyTexan View Post
Yup..bunch of temp jobs along with a bunch of permanent government jobs to oversee and do the paperwork for those temp jobs.
I don't think this is actually supported by the facts. This sounds like a belief that is routed in hard core anti-federalism.

I hope you aren't screaming for the government to do something about the oil spill, as that would be pretty inconsistent.
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Old 06-11-2010, 11:38 AM
 
Location: Hoboken
19,890 posts, read 18,785,808 times
Reputation: 3146
Quote:
Originally Posted by mlassoff View Post
Can't have it both ways. Government spending = jobs. If you scream at the president about the unemployment and then take away the only tools he has to lower it, you don't want a solution... You just want to scream.

Corporate taxes are lower than they ever have been. I don't see the private sector creating a gazillion jobs. So please don't start the lower taxes mantra.... Your taxes are lower than they have been in quite some time. We need higher taxes to pay the deficit... and more controlled spending across the board (Yes, that includes the military. )
Stop making things up.

The Tax Foundation - U.S. States Lead the World in High Corporate Taxes

"U.S. States Lead the World in High Corporate Taxes"

The private sector isn't creating jobs because of the uncertainty of what the government will do with health care, fin reg, taxes etc.

The government only creates government jobs, which we pay for through taxes, it is a pretty stupid idea.
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