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We're turning control of the country over to people who pay no income tax but collect most of the benefits. It's not hard to guess how that's going to turn out.
leeches who live off me should not be allowed to vote till they support themselves and pay taxes and see what i'ts like
I thought the 1073-page stimulus bill (that had to be passed right away in order to create jobs and keep unemployment below 8%) was supposed to take care of this?
Jobs picture dims as unemployment claims rise - Yahoo! Finance (http://finance.yahoo.com/news/New-claims-for-unemployment-apf-3180551258.html?x=0&.v=1 - broken link)
What happened is that employers do not want to hire just like the banks don't want to lend out money even though they got a bail-out from the taxpayers. Employers want to play a sitting game and see if they need to hire any new employees while the current employees get to do the work of 2 and 3 people. Fun. The banks took the bail-out money and paid themselves and bought more assets. Good job with that too. Credit card limits have been cut, people who used to have $5000 credit limits have had their limits slashed down to $1000 or slightly more (good luck with that for business travelers - you'll get far on that amount when you have to pay for your air fare, hotel, meals, etc.).
I just love people who want our country to fail because they hate our president and make every attempt to discredit him or his work. We were in deep doo-doo due to 8 years of Bush politics. Thanks a lot. Only a miracle worker or some sort of genie could fix the economic disaster that Bush left for his successor, whether that would have been McCain or Obama. Do you think that someone who is out of shape due to years of not exercising, overeating, whatever can get back in shape in day or week? It takes months if not years to get the body back on track. Same goes for our country. Give us all a break; none of us are that stupid to believe otherwise.
I thought the 1073-page stimulus bill (that had to be passed right away in order to create jobs and keep unemployment below 8%) was supposed to take care of this?
Jobs picture dims as unemployment claims rise - Yahoo! Finance (http://finance.yahoo.com/news/New-claims-for-unemployment-apf-3180551258.html?x=0&.v=1 - broken link)
I think its all a part of the grand plan. 0bama will do his best to destabilize the private sector, and by keeping everyone guessing what the future will look like, he creates an atmosphere of confusion and uncertainty. No one wants to hire new employees, expand, invest, or take any venture capital risks, because the the future is just too uncertain.
Then when unemployment sits at around 10% for another year or more, 0bama will claim the free market does not work, and we need to rescue the country with even more Marxism and socialism, which means an all powerful central government.
This guy pretty much sums up the erratic, uncertainly 0bama is creating.
We're turning control of the country over to people who pay no income tax but collect most of the benefits. It's not hard to guess how that's going to turn out.
"When the people find they can vote themselves money, that will herald the end of the republic." -- Benjamin Franklin
What happened is that employers do not want to hire just like the banks don't want to lend out money even though they got a bail-out from the taxpayers. Employers want to play a sitting game and see if they need to hire any new employees while the current employees get to do the work of 2 and 3 people. Fun. The banks took the bail-out money and paid themselves and bought more assets. Good job with that too. Credit card limits have been cut, people who used to have $5000 credit limits have had their limits slashed down to $1000 or slightly more (good luck with that for business travelers - you'll get far on that amount when you have to pay for your air fare, hotel, meals, etc.).
I just love people who want our country to fail because they hate our president and make every attempt to discredit him or his work. We were in deep doo-doo due to 8 years of Bush politics. Thanks a lot. Only a miracle worker or some sort of genie could fix the economic disaster that Bush left for his successor, whether that would have been McCain or Obama. Do you think that someone who is out of shape due to years of not exercising, overeating, whatever can get back in shape in day or week? It takes months if not years to get the body back on track. Same goes for our country. Give us all a break; none of us are that stupid to believe otherwise.
obama is a total failure and doesn't have a clue how to run this country.blaming Bush is getting old. he is retired,gone, not in the whitehouse anymore. stop looking backward and look forward. we need to dump obama the child failure and elect a real leader.
My city is screwed. Unemployment is among the highest in the state, and there is no relief in sight. I receive hundreds of applications a month, and have zero positions available to hire. A "Steak and Shake" just built a new location here, and received over 700 applications at it's job fair. Yet I hear the stimulus package is working, and things are improving. I will not list the closings and job losses in Rome. It is too ridiculous.
Are you kidding? The stimulus bill was only half the size it should have been. It seems rediculous to argue over future debt whwn your house is about to colapse. Yes, debt is bad. But a 1933 style economy is a lot worse.
if they needed it to be "twice the size", then why have they only spent HALF OF IT
if they needed it to be "twice the size", then why have they only spent HALF OF IT
making it bigger , wont make it better
They could have made it 2x the size or 10x the size. The not-enough-stimulus critics would still be saying it was only half the size it should have been.
We're turning control of the country over to people who pay no income tax but collect most of the benefits. It's not hard to guess how that's going to turn out.
That's EXACTLY what's happening, and that's EXACTLY why there is no recovery.
not 1929, 1933. it was FDR that spent tons of money like obama is doing now. FDR also raised taxes as well.
we tried protectionism in 1930 under hoover, and it didnt work, it just made things worse.
reread your history, it wasnt coolidge it was harding. coolidge came later and continued hardings policies. and the unemployment rate went below 3%.
Coolidge's tax and debt reduction are a point of pride:
• National debt of $22.3 billion in 1923 was lowered to $16.9 billion by 1929.
• Federal expenditures (budget) of $5.1 billion in 1921 were reduced to $3.3 billion in 1929.
• Cut taxes four out of his six years as president.
• Cut effective tax rate on the wealthy was 50 percent (1922) to 20 percent. Revenue from that tax bracket then rose from $77 million to $230 million.
• By 1927, 98% of the population paid no income tax
• Tax burden on those making under $10,000 fell from $130 million in 1923 to under $20 million in 1929.
Industry: “American industry during the 1920’s not merely flourished but triumphed:”
• Unemployment averaged 3.3% from 1922 to 1929.
• Gross National Product increased annually by 7% from 1924 to 1929.
• Per capita income grew 30 percent from 1922 to 1928.
• Real earnings for employed wage earners increased 22% from 1922 to 1928.
• Industrial Production increased 70% from 1922 to 1928.
• The average workweek decreased 4% from 1922 to 1928.
• Automobile on the road grew three fold in the decade.
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