The Obama Jobs Plan: 10 Reasons Why It Is A Bad Joke
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So that was what we have been waiting for? That was what all the hype was about? With a little over a year until the next election, that was the “best shot” that Obama has for fixing the unemployment crisis in this country? The Obama Jobs Plan (also now known as “the American Jobs Act”) is going to cost $447 billion and it is going to do next to nothing to create more jobs. Many Americans were hoping for something bold and new from Obama, but instead what they got was a bad joke. When Obama stated that there is “nothing radical in this bill”, he was not kidding. Instead of addressing the fundamental issues that are causing job loss, Obama wants us to spend half a trillion dollars on measures that will only create a very small number of jobs. Sadly, much of what Obama is proposing actually consists of huge bribes to middle class voters. Obama is trying to keep his own job, and he appears willing to pile up even more debt in order to make that happen.
During his speech to the nation, Obama instructed Congress to either “pass this jobs bill” or to “pass it right away” 16 different times. Obama obviously feels very strongly about his jobs plan.
But will it work? Let’s take a few moments to break it down. The following are 10 reasons why the Obama jobs plan is a bad joke….
#1 The payroll tax cuts are going to cost more than anything else in the plan, but they will do very little to create jobs.
Just take a look at what is happening right now. Have the current payroll tax cuts done much? No, the unemployment rate is still over 9 percent.
Yes, the new payroll tax cuts would be deeper and they would put some more money into the pockets of American workers.
But if American workers go out and spend it on stuff made in China, how does that create more jobs for American workers?
Businesses would certainly welcome the fact that their payroll taxes would be cut, but it probably will not entice many of them to hire more people.
Why?
Because they know that the tax cut would only be temporary. After just a handful of months the payroll tax would go right back to where it was before.
Businesses are not often moved by temporary tax cuts. If you want tax cuts to really move business, then you need to make them permanent.
So does that mean that I am against these payroll tax cuts?
Absolutely not. I very much hope that payroll taxes get cut. I am all in favor of the government taking as little money from me as possible.
Look, if the federal government is going to destroy our financial system anyway, I would much rather keep as much of my own money in my own pockets as possible.
So yes, I am all in favor of payroll tax cuts.
But no, those cuts are not going to do much to create jobs. If payroll tax cuts were going to create a lot more jobs we would already see it happening.
However, if this is passed it will be a great bribe to voters because millions of Americans will see their paychecks go up and when that happens they will think of Obama.
#2 Obama’s plan to extend unemployment assistance is going to cost about $49 billion but it is not going to do much to create any jobs.
Back in 2009, Congress first authorized an extension of unemployment benefits to a maximum of 99 weeks. Five times since then Congress has reauthorized this extension.
So has this made a huge difference in the number of unemployed?
Of course not. If it was going to make a huge difference it would have done so already.
Yes, these extended benefits are easing the suffering of those that are out of work, and yes they are giving them a little extra money to spend, but let’s not pretend that extending unemployment benefits is going to create a whole bunch of new jobs.
#3 Obama is proposing $50 billion in “immediate” infrastructure spending and $10 billion for a new infrastructure bank that will be dedicated to raising private capital to finance infrastructure projects around the country.
Hopefully this will work out a whole lot better than the “shovel ready” jobs that Obama promised previously.
Yes, infrastructure all over this country is rapidly falling apart. Yes, it is a legitimate function of government to invest in public infrastructure.
But no, this is not going to create a ton of new jobs. It will create a few jobs, but it will also add to our rapidly growing national debt.
#4 According to the fact sheet on the jobs plan released by the Obama administration, direct financial aid to state governments will prevent up to 280,000 teacher layoffs, and it will also help states retain more police and firefighters.
Essentially, this is a “backdoor bailout” for the states. Yes, it will be a good thing if teachers, police and firefighters are able to keep their jobs. However, preventing job losses is not the same as creating new jobs. So this may help reduce the bleeding a little bit, but it is not going to turn the overall employment situation around.
#5 There are a bunch of other minor things in Obama’s proposal such as “modernizing” public schools and helping more Americans refinance their mortgages, but it is not entirely clear how those things will help create a lot more jobs.
Meanwhile, there are a whole lot of things that the Obama jobs plan does not do….
#6 The Obama jobs plan does next to nothing to prevent jobs from being shipped out of the country.
As I wrote about the other day, right now the way the system is designed makes it highly profitable to send American jobs overseas….
*It is legal to pay slave labor wages in many of these other countries. After all, why pay an American worker 10 or 20 times as much as a worker on the other side of the globe?
*In many of these other countries you do not have to provide any health care for workers.
*In many of these other countries there are virtually no environmental controls to worry about.
*In many of these other countries there are virtually no labor standards to worry about.
*In many of these other countries you only have to deal with a fraction of the “red tape” that you have to deal with in the United States.
Obama is doing absolutely nothing to address these imbalances.
#7 The Obama jobs plan does nothing about the unfair trade practices that are absolutely killing America on the global economic stage.
As I wrote about the other day, other nations are manipulating currency rates, they are openly stealing technology from our companies, they allow their workers to be paid slave labor wages and they put up huge barriers to goods and services from the United States and we let them get away with it. Our trade policies are absolutely insane, and the way that the new “global economy” is structured guarantees that U.S. businesses are going to be operating at a huge disadvantage. The following are just a few more of the reasons why foreign firms have a huge advantage over U.S. companies….
*Many foreign nations deeply and directly subsidize national industries and the U.S. government lets them get away with it. That puts our industries at a vast disadvantage.
*The United States has the highest corporate tax rate in the world. That puts our corporations at a vast disadvantage.
*Many foreign nations do not require businesses to provide health care for their employees. That puts our businesses at a vast disadvantage.
*Many foreign nations impose very little regulation on businesses. That puts businesses in the United States at a vast disadvantage. In the U.S., we have some of the most restrictive regulations in the world.
In 2011 we are going to end up with a trade deficit that is probably going to be well in excess of half a trillion dollars. According to one estimate, if the trade deficit was totally eliminated it would create 8.4 million new jobs inside the United States.
So why isn’t Barack Obama proposing to do something about all of this?
#8 The Obama jobs plan does nothing about the gigantic mountains of ridiculous regulations that are absolutely killing small business in this country. According to the Heritage Foundation, 75 new major regulations that have cost U.S. businesses more than 40 billion dollars have been passed since Barack Obama first took office.
The Federal Register (which contains all federal regulations) just keeps exploding in size. Last year alone, 81,405 new pages were published in the Federal Register.
Right now there is a good chance that you are breaking dozens of federal regulations without even knowing it.
All of this regulation is crushing our businesses and is making us much less competitive in the global marketplace.
Yes, there will always be a need for common sense regulations on business activity. But what we have right now is an absolute madhouse.
#9 The Obama jobs plan does nothing about the negative effects of Obamacare. Obamacare is going to absolutely slaughter U.S. businesses. Look, when most other nations do not burden their businesses with providing health care and we force our businesses to comply with the nightmare that Obamacare represents, who do you think has the advantage?
The other day, I noted some of the effects that Obamacare is already having on the U.S. business community….
According to a recent report from the National Federation of Independent Business, one out of every eight small businesses in the United States have either already had or expect to have the health insurance plans for their employees terminated by the health insurance companies because of Obamacare. Another recent survey of mid-size and large businesses found that nearly ten percent of them plan to stop offering health insurance coverage to workers once Obamacare insurance exchanges begin in 2014, and another 20 percent are not sure if they will continue to offer coverage or not. Our health care system is deeply broken and the ones that keep getting the short end of the stick are average Americans.
If Obama was serious about putting Americans back to work, he would do something about Obamacare.
But he is not going to do that, is he?
#10 The Obama jobs plan makes our national debt worse. Yes, Obama insists that his plan will be “100%” paid for, but he has not told us how it will be paid for.
Exactly where in the world is he going to get an extra half a trillion dollars next year?
Obama probably intends to propose some tax increases that he knows that the Republicans would never, ever agree to.
So, no, Obama’s proposals will not be paid for.
The U.S. national debt has increased by more than 4 trillion dollars since Barack Obama took office. It is currently increasing by more than 2 million dollars per minute.
We cannot afford to pile huge amounts of additional debt on to the backs of our children and our grandchildren. What we have already done to them is deeply, deeply criminal.
In the end, some of Obama’s proposals will probably get passed, none of them will be paid for, our debt will get even bigger, and the fundamental reasons for our job losses will remain unaddressed.
So hopefully you can understand why I consider the Obama jobs plan to be a really bad joke.
Tonight, millions of Americans will be sleeping in seedy motels, in their cars or in tent cities.
Just check out these pictures from New Jersey. Can you believe that some hard working Americans actually have to live like that?
We had the greatest economy that the world has ever seen.
Things did not have to turn out this way.
But they did.
Now Obama has come up with a “plan” that will not fix any of our fundamental problems but that will get us into a whole lot more debt.
Please excuse me if I am less than thrilled.
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8:00 pm
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12:21 pm
Obama is the joke if you ask me!
12:48 pm
You fail to mention that by cutting payroll taxes you accelerate the bankruptcy of both Social Security and Medicare. It has also been shown consistently that by extending unemployment benefits you simply encourage people to not look seriously for a job until they are at the end of their unemployment check. Some European countries that had extended unemployment benefits found that not only was it becoming totally financially unsupportable but many of the employed had lost most of their job skills and became more unemployable. Once these countries began to cut back on the benefits, people actually moved quickly to find a new position cutting unemployment.
Bailing out states and cities also does not help it simply delays the inevitable when the states and cities will have to address the fundamental problems. We saw this with the last stimulus.
Given that all of the handouts are designed to benefit the employed, the unions and the Democrat constituents, the unemployed, the elderly and the states that have actually taken actions to deal with their financial challenges (ie states run by Republican Governors) are being thrown under the bus.
12:50 pm
Where will he get the money, you ask? Are you kidding me? The new SUPER CONGRESS will provide it for him and the HERD in DC will vote for it. So the Taxpayer better bend over because he/she will get screwed again, in my opinion!! If anyone thinks that the current Congress cares about anything but getting re-elected, I want to sell you a Bridge in Brooklyn, NY.
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1:27 pm
I wonder how anyone considers re-electing this fool but there are a bunch of them still chugging the liberal kool-aid. Every single thing Obama has done has shoved us further over the cliff and there is no end in sight. All we can do is work hard to throw ALL the bums out as fast as we can. If we don't, I forsee really ugly violent times in our future.
1:36 am
Liberal kool-aid? lol Obama hasn't done anything that's Liberal. All he's done is continue or mildly revamp Republican policies. Reaganomics put the US in this mess and until we drop that trickle-down nonsense it will only worsen. You can't start wars and provide tax cuts without paying for them and until now no one has bothered to even talk about paying for them in DC.
2:52 am
Right on bro. Truth be told, I have a colleague who is just like this dude, who just cannot accept Mr. Obama as our President.
1:31 pm
Re-electing?!?!? Kill me now!
2:04 pm
Who voted for this guy? I am glad I did not. I was not fooled.
2:10 pm
Not only should Obama not be reelected but neither should most of the congress. Far too many of them have
been there much to long and are responsible for our problems. In the next election we the people should
change the guard. We need to send a message.
12:49 pm
Right Tom.
But unfortunately, we only get to choose who is going to screw us.
They are all the same after they move into the White House.
12:52 pm
We actually have to change to a simpler form of government but that's a lot easier said than done.
It's like we are riding on an elephant and can;t dismount or control things.
We need to get down from the elephant and ride a horse, fast and efficient.
But we might get trampled.
2:35 pm
We the people do not want gvt in our lives–Oh yea, how many are opting out of social security-Medicare-Medicaid. Talk about the dumbing down of america, look at your school results relative to the world. Unreal. Will someone give me an honest definition of a lioberal!
2:39 pm
Creating jobs to rebuild our infrastructure is a very good solution to a meaningful jobs program. The work needed to rebuild America does not require a super set of skillls and technology. If you can paint, operate power tools, sweep and clean, understand basic construction concepts (i.e mixing cement, etc.), electrical and plumbing skilss, etc. you can contribute to the rebuilding. I have approached my Congress person with a unique but simple plan that could put millions to work pretty quick. In a nutshell, it goes like this:
8:52 am
And I bet 50% of them would speak spanish
2:40 pm
Continuation:
The Army Corp of Engineers (for lack of a better example) would be responsible for coordinating the hiring of 50 well established general contractors (one from each state). Those contractors would then establish their own "workforce" from their own states list of unemployed. Returning army veterans from both Iraq and Afganistan would have first shot at the jobs created by the contractors. These jobs would include just about every kind of both manual, physical and technical skills necessary to rebuild roads, tunnels, bridges, etc. Some jobs, of course, would require special skills (i.e iron workers) and some will not (i.e painting). Those requiring special skills would get properly trained by master craftsman, before actually performing the job. In this scenario the UNIONS will have to place their EGOS aside and give everyone a fair chance to work and get paid. I am suggesting paying EVERYONE an equal $30 an hour for an 8 hour work day. That's $240 a day or $1,200 per week (better than unemployment).
2:41 pm
Continuation:
After the veterans, next in line are the unemployed from each state and from all walks of life (your prior work experience will not impede you from being hired so long as you can do the work you get hired to do). The caveat being, once you are given the job, unemployment compensation ceases. Those funds can be re-deployed to pay the new workforce. My concept would require a true sense of One for All and All for One, which is very different from the existing greed we have all become used to. I experienced this type of unity after the World Trade Center towers came down and everyone from everwhere helped to rebuild lower Manhattan. That's the kind of urgency we need to restore and rebuild America and resotore our pride. The project will run from Boston to Los Angeles and everything in between as well as north and south. Your comments and suggestions are welcome.
5:46 pm
Thanks for your thoughts. I am trying to figure out how to help, not vilify. I appreciate your comments as an attempt to do the same.
3:56 pm
sir, thanks for eye opening articles. I AM SATISH VAGHELA FROM AMEDABAD, GUJARAT INDIA.
I REFER MOST ARTICLES, AND WORRIED A LOT , THE GREAT CCOUNTRY, GREAT GENEROSITY,
THE CHARITY FROM FORD FOUNDATION THROUGHT THE WOLD IS MORE THAN OUR NATIONAL
GDP. AND SO MANY CHARITY FROM VERIOUS WAY TO THE WORLD, IS QUIET AMAZING TO ME.
THE GREAT FREEDOM, GREAT DOSCIPLENED AND SO MANY BEAUTIFUL EXAMPLES AND STORIES WE
HEARD IN INDIA , I LOVE AND HAVE A RESPECT AND REGADS FOR THIS COUNTRY LIKE
ANYTING. BUT WHEN I LISTEN ABOUT COLLEPSING OF US , IT UPSETS ME.
SIR, IT ONLY US CAN KEEP LAW AND ORDERS IN THE WORLD.
AS PER MY REVIEW WAGES , HEALTH CARE, SOCIAL SECURITIES ARE TO BE EDESIGNED AND
RESTRUCTURED, IT HAS TO BE BROUGHT DOWN IN PHASED MANNER,
IN THE ENTIRE WORLD NO DOCTOR WISHES TO KILL HIS OR HER PETIENT, EVERY DOCTER
WISHESH TO CURE PETIENT, BUT IT NEVER POSSIBLE TO CURE EVERY PETIENT.
DR. IS ALSO A HUMANBEING, HE MAY BE MISTAKEN BY WRONG JUSDEMENTS ,IT NOTHING
BUT A HUMAN ERRORES, IT A UNIVERSAL PRINCIPLES THAT HE WHO WORKS MAY COMMIT
A WRONG JUDGMENTS. HERE US POLICY, SUFFOCATING REGULATINS AND PEPPLE
WHO BROUGHT THE DR IN COURT OF LAW FOR MILLIONS OF SUE, HAS MAKE THE
HEALTH CARE EXREMELY COSTLY.
SIR, MY RIGHTS, MY FREEDOM ,MY LIBERTIES IS IN EXESS MODE OF AMERICAN LIFE.
EXCESS OF EVERY THING IS POISON. AND IT IS THE VICIOUS CYCLE IN US.WHICH HAS
BROKEN THE HEALTH CARE SYSTEM.
IN INDIA THERE IS LOT OF PROBLEM, BUT STILL IN INDIA WE HAVE A RELATION SHIP WITH
DR IS BASED ON TRUST , I REPEAT ON TRUST, .
SINCE LAST ONE MY MY ONLY DAUGHTRE IS SUFFERING FROM JAUNDICE, THE SMALLEST DEGREE
IN MEDICAL SCIENCE IS MBBS, WHO CHARGE 30.00 RUPEES, WITH MEDICINE( 0652.00 DOLLAR PER
DAY) AND HAS PRESCRIBED MEDICINE FROM OUT SIDE MEDICAL STORES (MOSTLY LEVER TONIC)
NOT MOR THAN 400.00 RUPEES (8.602) DOLLAR,.
SIR, IN A MONTHS TIME MY DAUGHTER ,PRACHI VAGHELA, MASTER IN BIOTECHNOLOGY AND
MASTER IN BUSINESS ADMINISTRATION, SHE HOLDS TWO MASTER DEGREE, IS CURED
WITHIN 9.00 DOLLAR OF EXPENSE. WE DONT SUE OUR DOCTORS , WE TRUST DOCTORS
AND DOCTORS ARE CHARGING NOMINAL FEES.
DEAR AMERICANS , I HAVE A GREAT HONOUR FOR YOU, PL DONT STRECHED YOUR
RIGHTS, FREEDOM, AND LIBERTIES. TRUST RELATIONSHIP MAY COST YOU LESS
HEALTH CARE, I BELIEVE FROM THE BOTTAM OF MY HEART THAT NO DOCTER IN THIS WORLD
IS WILLING TO HURT HIS OR HER PETIENT.. IF U OPT FOR MILLIONS OF SUE AGAIST HIM
EVERY DR WILL CHARGE HEFTY. AND THE END RESULT IS INFRONT OF YOU.
SIR, MINIMUM WAGES OF 8.00 DOLLAR FOR UNSKILLED PERSON PER HOUR, US CAN NOT
AFFORD COMMPITITIVENESS. THIS WAGE HAS TO BE REDUCED AND PEOPLE, AND
ADMINISTRATION OF MR OBAMA HAS TO REALIZED AND .THE WHOLE COUNTRY HAS
TO ACCEPT THIS TRUTH AND HAS TO START NEW MODEL OF WORKING LIFE.
LIFE STYLE……. IN NEW JERSEY, MY FRIEND IS WORKING AT A 14.5 $/PER HOUR
HE USED HONDA ACCORD(HE IS LEGAL IMMIGRANTS SINCE LAST 10 YEARS AND A VERY NORMAL EDUCATION) . HE TOLD ME A SURPRISING STORY ABOUT HER CO-WORKER. SHE IS US ORIGIN
AMERICAN(NOT IMMIGRANTS). SHE ALSO WORKS AT A WAGE OF 16.5 $ PER HOUR, HER HUSBAND
IS UNEMPLOYED SINCE LAST EIGHT MONTH, AND HAVE A KIDS (HOW MANY I DONT KNOW )
SIR, SURPRISE COMES NOW , SHE RECENTLY BOUGHT A NEW NEW MERCEDES CAR ON CREDITS
I REALLY BECOMES VERY UPSET, I AM A BANKER IN INDIA, I CAN NOT IMAIGENE , HOW CAN SHE
WITH SUCH LIFE STYLE CAN SURVIVE WITH ARISTROCRATE DIGNITY.
SIR, I AM SORRY TO SAY BUT US PEOPLE HAS TO BE BECOME RATIONAL IN SPENDING MONEY.
BAILOUT PACKAGE ARE NOT FOR MERCEDES. AND PLSTIC SCRAP LIKE LATEST COMPUTERS,
LCD TV, LED TV , 4X, 8X , 12X AND MEGA PIXLES CAMERA, THIS HAS NO END.
SIR, IN INDIA I AM USING PENTIUM IV COMPUTERS OF 4 YEARS OLD AND BELIVE ME MY MONITOR IS
10 YEARS OLD, 4 YEARS BACK I ONLY UPDATE MY SERVER. AND IT FULFILLS MY ALL WORKS.
SIR, US PEOPLE HAS TO MAKE THEIR LIFE STYLE RATIONAL. OTHER WISE ASIAN POCKETS
WILL BE RICHER AS YOU HAVE WRITTEN IN THIS ARTICLES.
SIR, WITHOUT CETIFICATION DONT YOU TRY TO REPAIR OBJECT IN YOUR HOUSE ?
SIR, IN SHORT WHOLE SYSTEM OF WAGE STRUCTURE, SOCIAL SECURITY, ANT EXCESS OF
FREEDOM , RIGHTS, LIBERTIES MUST RETHINK OVER IT.
SIR, ADMINISTRATION AND WHOLE NATION HAS TO SHOW THE COURAGE TO REDEFINE.
BORROW, SPEND AND LIVE WITH MERCEDES IS AN ATTEMPT TO SUICIDE.
SIR, I AM EXTREMELY SORRY IF THIS HURTS ANYONE, I LOVE AMERICA, HAVE A GREAT HONOUR
FOR GENEROSITY OF US PEOPLE , I HAVE PUTS FEW WORDS AS I WISHES TO SEE
THIS COUNTRY IN ITS GLORY IMAGE .
WITH RESPECT AND EGARDS
SATISH VAGHELA
4:14 pm
SIR, DUE TO LENGTH I WAS NOT ABLE TO SEND MY WRITINGS, I DELETED SOME PARA.
IN INDIA A SIMPLE MECHANIC , 10TH PASSED OR LOWER EDUCATION REPAIRS, TWO WHEELER,
CAR, TRUCK AND SO MANY ENGINEERING PRODUCTS WITHOUT ANY KIND OF CERTIFICATION.
AT A VERY NOMINAL CHARGES. WHILE IN US POLICE WILL ARREST AND PEOPLE WILL
SUE HIM. MY MECHANIC KEEPS MY CAR UPDETS NICELY ,HE IS 8HT PASSED AND CHARGES
NORMAL .
SIR, DON'T YOU REPAIR YOUR OBJECT IN YOUR HOUSE , IF IT IS POSSIBLE FOR YOU
WITHOUT AND CERTIFICATION ?
WITH RESPECT AND REGARDS
SATISH VAGHELA
5:55 pm
Thank you, Satish Vaghela, for your attempts to be of help. I really appreciate that. I find that the article and the first 8 or so responses were not attempting to provide any help. They only wished to vilify, based on their content. Not so for you or Victor. You sincerely offered what you think might be of benefit, which is the only useful thing to do.
6:10 pm
I agree that helping repair, making more energy efficient homes and buildings, adding and repairing schools, roads, bridges, providing financing for these things where the banks seem reluctant to lend, making it easier to start or continue a business, allowing quicker and cheaper patents, reducing the regulatory burden (especially for small business, why not exempt those hiring less than, say 25, from nearly all of those burdens?), and not paying so much in unemployment or other benefits that a person would rather not work or even can't afford to work, all would help increase employment and GDP. Furthermore, if the welfare is reduced or eliminated when a person is employed, part of the "cost" is made up in reduced expenses, so it is quite efficient. If US business is so highly taxed why do some pay zero taxes (e.g.: GE). If it is true that business does not pay taxes anyway, that instead business passes taxes and other burdens on in the form of higher prices for their product, why tax business at all? If we stopped the taxes on business the first thing to happen would be that our products would be able to be priced better to sell better (cheaper). A flat tax on consumption only, not on businesses, would require quite a high flat tax, but with the right adjustments, that is not a problem. The best answer to that line of thought I have seen is the "Fair Tax." more at < ;www.fairtax.org> Do you have some more ideas? Let's hear from you if you wish to improve, not tear down, our country, please.
6:25 pm
And the biggest joke of all is that Obama will throw it to the New Deficit Commission to find ways to pay for it! And this is AFTER he refuses to put any of his bad ideas on the table for ways to cut spending.
The best 10 words Obama could say to boost the private economy: "Effective immediately, I resign as President of the United States."
6:45 pm
Did you pass your high school economics class? I can't tell by this article
7:06 pm
WHAT is the PLAN?
Remarkably, in 2011, in this great nation, we have NO PLAN.
Politics will not solve or current problems – we will. No politician can take credit for Thomas Edison or Henry Ford. But, we don't have any Industry Leaders today – not one.
The important question is HOW will we recover and reignite the promise of America.
I fully understand your disagreement with Obama, but what is the SOLUTION?
9:57 pm
Obama is the the muslim's secret weapon. He was planted here to destroy the American Economy and military from the inside. Nothing has has done or will do is intended to help the USA. His main priority is to make us a third world country. He is doing what the attack of 911 could not do. But his plan will fail. The people are starting to wake up. He will be a one term president. Then he can return to Kenya and build his presidential library for all his muslim friends and relatives to visit.
12:26 am
Hmm is anyone else experiencing problems with the images on this blog loading? I’m trying to find out if its a problem on my end or if it’s the blog. Any responses would be greatly appreciated.
3:21 am
FYI: More money in the pockets of most Americans, even if spent on "Chinese goods" means more jobs in the sense that most Americans don't save their money, they spend it. If those Chinese goods are being purchased here, that means more sales clerks, more truck drivers transporting the goods, etc. Businesses only create jobs when there are more customers purchasing their goods and services, NOT BECAUSE THE BUSINESS GETS A TAX BREAK!!!!!!!!!!!!!! I don't understand why people don't get that (unless perhaps they have no idea how to run a business). Just because a business owner has more money in their pocket does not mean they just start hiring people– that would run completely afoul of good business practice!!! Businesses DON'T hire if they're not selling more product/service… THERE IS NO NEED TO!!!
6:47 am
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8:26 am
I bet you idiot think Rick Perry will save us.
9:07 am
I would do something far more radical if I were President at this moment in history.
In order to put our economic house back in order I would restore the right to issue back to Congress as it was meant to be in the Constitution; at the same time I would dissolve the Federal Reserve Bank.
Along with this action I would issue a new form of currency that would replace the Federal Reserve Notes that we now carry. This new currency would be exchangeable to the bearer for silver and gold.
Remove all tax exemptions and shelter schemes for the wealthy so they can finally pay their fair share. It seems ridiculous for a few on top to continue squeezing the middle class out of existence due to their inability to control their greatest vice – Greed.
Once the currency is stabilized (with something of actual value backing it up), I would remove both the NAFTA and GATT trade agreements. There is no need for the people of this country to lower their standard of living to compete against countries that have no worker protection and produce goods which are either shoddy or downright dangerous.
The next step would be having the government reopen closed factories here and build new ones also that would use a radical concept of having the people that work in these places all have an equal share in ownership and pay. This way the government could collect taxes, have a strong middle class and not have a situation where some clown gets paid 600 times the average wage of a worker within these plants.
There is no good reason to continue down the path set up for the benefit of a few, while the majority suffer.
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10:10 pm
I would do something far more radical if I were President at this moment in history, such as calling the bluff on those lapdogs of the wealthy politicians by stopping the large scale redistribution of wealth in this country.
Driving a wooden stake through the ridiculous notion of continued huge tax breaks and loopholes for the wealthy while the rest of the Americans are slowly ratcheted down in their standard of living while trying to compete against one another to the inevitable race to the bottom for the middle class. The only thing this misguided policy started under the Reagan administration accomplish was transference of wealth from the once comfortable middle class to the upper classes resulting in the most uneven distribution of wealth in this country since the depression of 1929.
Having an equivalence of a Marshall Plan for the USA buying up dormant manufacturing facilities and building new modern manufacturing facilities owned not by investors or the government but by the workers within each facility.
There is no need to keep going down this path of a so called 'New World Order' as all this misguided plan will do is cause an upheaval of the worlds' social-political systems just so a few sub-humans can play the role of the worlds emperors – LAME. Even if they accomplish their goals the society they create will be short lived as the hordes will rip them to shreds.
12:17 am
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We welcome you to comment on the issues mentioned or to add a new question. For those questions that are not answered during the seminar, please check back here following the seminar for input from the facilitator(s) and your fellow participants
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We welcome you to comment on the issues mentioned or to add a new question. For those questions that are not answered during the seminar, please check back here following the seminar for input from the facilitator(s) and your fellow participants
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We welcome you to comment on the issues mentioned or to add a new question. For those questions that are not answered during the seminar, please check back here following the seminar for input from the facilitator(s) and your fellow participants
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כדאי לא לשכוח שכאן ההובלות הינן בהחלט איכותיית. חשוב להבין את ההובלות האלה!
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