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you ask, where are the jobs?
Well, during Bush's term there were jobs.
It is no coicidence that our defit has increased, and the unemployment rate is up since the dems took over congress in 2007. tax cuts can only do so much
During Bush's term there were a lot of high paying banking jobs, and jobs created with the 'funny money' that was in circulation, while the real jobs were being off-shored. Now that the funny money has evaporated, the funny jobs have too.
During Bush's term there were a lot of high paying banking jobs, and jobs created with the 'funny money' that was in circulation, while the real jobs were being off-shored. Now that the funny money has evaporated, the funny jobs have too.
you can say that if it makes you feel better. But, our current unemployment is unacceptable. the dems have had 2 years of a super-majority. so... where are the jobs?
It doesn't take a rocket scientist to figure out tax increases during a recession is a bad idea. The problem with democrates is that they seem to think that if we just bring in more tax revenue it'll be ok....but the real problem is that our government spends too dang much.
Prime A1 example of a misinformed cliched right wing myth.
"the real problem is that our government spends too much".....LOL
Home spun ignorance.
There is no connection whatsoever to a government "spending too much" and the economy tanking.
European governments are 3x the size of the US in terms of the GDP and they have lower unemployment and a higher standard of living.
But thanks to right wing politicians combining forces with Blue Dog democrats the stimulus was too small and too loaded with tax cuts rather than infrastructure spending.
CBO recently reported that the economic stimulus bill passed in 2009 with bipartisan support created the following economic activity: increased the number of people employed by between 1.2 million and 1.8 million; lowered the unemployment rate by between 0.7 percentage points and 1.5 percentage points and increased the number of full-time jobs by between 1.8 million and 4.1 million.
It's just another case of the GOP and conservative Democrats screwing over the middle class.
But on the other hand if you are too ignorant and lazy to know what's going on you deserve what you get.
They need to renew the tax cuts but allow an opt-out plan on the cuts for the democrats who want to pay more taxes.
Also they should set up another kind of tax - a voluntary tax for all those who believe in higher taxes, all those compassionate people and it should be like other taxes - taken out of paychecks.
One must wonder if these tax cuts were supposed to stimulate the economy, where the hell are those jobs now?
The Tech Bust went from recession, to Sept 11th uncertainty, to a "Jobless Recovery", to the housing bubble and bust. Leading to even more unemployment then in 2001, and staggeringly more debt even before the bailouts. Many people lost all the gains in the market in 2001 to 2008, leading to a stagnant near decade for the market. Which is more perplexing, since the Laffer Curve so touted by these cuts was supposed to increase government coffers.
This is what happened during the original attempt to do this, during the Reagan years. He slowly increased taxes as the deficit increased, along with Bush 1 and Clinton. Now voting to continue this, and expecting the result that didn't happen in the first place?
It has been said that insanity is "Doing the same thing over and over, and expecting different results".
Maybe if you didn't hate bush so much you would do a little research before making such statements.
The jobs were there. What happenned to them? Ask the dems they have had control of congress for 4 years. The last 2 years of Bush and 2 years under obama.
"Publication: Business Wire
Date: Friday, January 4 2008
More Than 8.3 Million Jobs Created Since August 2003 In Longest Continuous Run Of Job Growth On Record
WASHINGTON -- Today, the Bureau of Labor Statistics released new jobs figures - 18,000 jobs created in December. Since August 2003, more than 8.3 million jobs have been created, with more than 1.3 million jobs created throughout 2007. Our economy has now added jobs for 52 straight months - the longest period of uninterrupted job growth on record. The unemployment rate remains low at 5 percent. The U.S. economy benefits from a solid foundation, but we cannot take economic growth for granted and economic indicators have become increasingly mixed. President Bush will continue working with Congress to address the challenges our economy faces and help facilitate long-term economic growth, job growth, and better standards of living for all Americans.
The U.S. Economy Benefits From A Solid Foundation
* Real GDP grew at a strong 4.9 percent annual rate in the third quarter of 2007. The economy has now experienced six years of uninterrupted growth, averaging 2.8 percent a year since 2001.
* Real after-tax per capita personal income has risen by 11.7 percent - an average of more than $3,550 per person - since President Bush took office.
* Over the course of this Administration, productivity growth has averaged 2.6 percent per year. This growth is well above average productivity growth in the 1990s, 1980s, and 1970s."[SIZE=3] [/SIZE]
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Income taxes aren't the right way to approach this. If they need a tax to support all the unemployed people, they should tax imports for that. Link the unemployment rate to both immigration rates and import taxes that support the unemployed. Then if unemployment rises, so would import tax rise and immigration rates drop. When unemployment drops, then the reverse - so that an equilibrium can be attained.
If those Clinton era tax rates were so good for the country, why aren't Democrats proposing the entire Bush tax cuts be allowed to expire ?
Can't find any Democrat who can answer that !
Why? Because the GOP would scream bloody murder about it. They would use it as a political weapon.
Personally, I would take all those rates back because it would lower the deficit even more. The next best option is to a least up the rates for the top 2% of earners as planned.
But I'm an informed adult.
The American voter is willfully ignorant and lazy child. The GOP tells them what they want to hear.
They need to renew the tax cuts but allow an opt-out plan on the cuts for the democrats who want to pay more taxes.
Also they should set up another kind of tax - a voluntary tax for all those who believe in higher taxes, all those compassionate people and it should be like other taxes - taken out of paychecks.
You're on to something
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