Page 3 of 8 FirstFirst 1234567 ... LastLast
Results 51 to 75 of 180
  1. #51
    Veteran DarrinS's Avatar
    My Team
    San Antonio Spurs
    Join Date
    Jun 2005
    Post Count
    42,561
    Not surprising WC would come on strong with this non-sense. For conservatives... uh, I mean... libertarians?... like Wild Cobra, they don't want to see Obama reform Medicare, or accomplish anything - because it undermines their number one: defeat Obama in 2012, no matter the cost.

    Their goal isn't to do what's best for America, it's to defeat Obama. So if Obama were to accomplish something the majority of Americans support, even real conservatives, then it would make achieving his goal harder.

    Only in Wild Cobra's barely functioning brain would "reforming a system so that it costs less to maintain and reduces benefits going forward" be construed as a socialist plot to take more of the non-existant riches he makes as a parts-changer.

    Obama got his stimulus and Obamacare passed (just no one wanted those things). I guess after 961 days in office, now is a good time to focus on jobs.

  2. #52
    I can live with it JoeChalupa's Avatar
    My Team
    San Antonio Spurs
    Join Date
    Nov 2001
    Post Count
    21,547
    Get it done!! Yes we can!!

  3. #53
    keep asking questions George Gervin's Afro's Avatar
    My Team
    San Antonio Spurs
    Join Date
    Oct 2004
    Post Count
    11,409
    Obama got his stimulus and Obamacare passed (just no one wanted those things). I guess after 961 days in office, now is a good time to focus on jobs.
    do you realize the president can't 'create' jobs, right?

    serious question

  4. #54
    Lab Animal Capt Bringdown's Avatar
    My Team
    San Antonio Spurs
    Join Date
    Feb 2007
    Post Count
    11,443
    I have little faith that "temporary" tax cuts are ever temporary anymore. As soon as the "temporary" period is up, the renewal of those cuts becomes a political topic framed as "raising taxes."
    Indeed. Not that hard to see where this all will end up:

    Extending this 2% cut would gut Social Security's finances forever. But whatever happens, look at what Social Security's enemies will have accomplished:
    The "lockbox" principle between Social Security and the overall budget will have been erased forever. A relatively small infusion of cash into the trust fund will be the poison pill that erases the "trust fund" principle. Once the program has contributed to the deficit, it's no longer separately funded.
    The enemies of Social Security will have painted a bull's eye on its only source of funding. People will see it as a "new tax" -- in a year when the economy's not expected to have fully recovered.
    They'll be in a position to argue, once again, that "America can't afford" to provide financial security for middle-class seniors.
    Obama's "Tax Holiday": A Poison Pill for Social Security >>

  5. #55
    Veteran
    My Team
    San Antonio Spurs
    Join Date
    Mar 2009
    Post Count
    97,536
    rural red-state bubbas should know who butters their bread, and it ain't the Repugs.

    Government Actions Raised Rural Communities from Depth of Recession

    Policies Saved or Created 300,000 Jobs

    Some of the money was invested in local businesses in order to provide the necessary capital for continued growth and employment:

    The Business and Industry Guaranteed Loan Program received $1.6 billion of the funds. The program guarantees loans made by local lenders to private businesses in rural areas. These funds saved or created more than 33,000 jobs by enabling financing for more than 500 rural projects.
    The Rural Business Cooperative Service received $19.5 million of the funds. The program helps finance the expansion and development of small businesses in rural areas. This resulted in the creation or saving of 13,000 rural jobs.

    The USDA directed additional funds at infrastructure and homes, which improved rural quality of life while creating hundreds of thousands of jobs.

    The $3.5 billion of funds for the Broadband Initiatives Loan and Grant Program brought high-speed Internet connection to more than 7 million people and created or saved 25,800 jobs.
    The $1.4 billion allocated to the Community Facilities Loan and Grant Program paid for the construction or restoration of schools, health care facilities, libraries, and public safety facilities such as police and fire stations, while creating or saving 32,500 jobs.
    A total of $3.3 billion went toward the Water and Waste Disposal Loan and Grant Program, which funded 854 projects and improved access to clean drinking water and safe waste disposal for more than 1.7 million people, and simultaneously created or saved 66,000 jobs.
    Finally, $11.4 billion went to fund two projects: the Single Family Housing Direct Loan Program and the Single Family Housing Guaranteed Loan Program. Together, they helped 93,000 rural families purchase homes and saved or created 125,000 jobs.

    http://www.americanprogress.org/issu...mployment.html

  6. #56
    e^(i*pi) + 1 = 0 MannyIsGod's Avatar
    My Team
    San Antonio Spurs
    Join Date
    Mar 2003
    Post Count
    57,943
    I agree this was at least part of the point of the speech, Labor Day has passed at this definitely was the kickoff of the Democrats 2012 campaign.

    I think the best parts (assuming they are what they are claimed to be when the details are released) of this plan are the ones that are likely to be the most contentious: SS/Medicaid/Medicare reform, closing of tax loopholes, Corporate Tax reform, etc. and will have long lasting effects if implemented properly.

    I agree the temporary tax cuts is more of the same. In theory they should provide a temporary boost to the economy, especially if that money makes its way through the economy at the same multiplier as other money does: but as we've seen with past temporary tax cuts, Americans aren't spending it: they are using it to pay down their debt (novel idea) or to save. I'm not terribly optimistic about this idea.

    The payroll tax holiday could have a huge impact in terms of leading to job creation and/or capital investment for small business but at the end of the day, small businesses are just like big businesses - and the owners are under no obligation to return these benefits to workers or physical capital. They have the right to simply pocket it if they choose. The thought it that big corporations aren't impacted by these types of stimuli because they already have access to capital for their projects and a little extra moola like this doesn't make a different in the decision-making processes because it hardly makes a dent in their weighted average cost of capital (if you believe that is the decision-making metric). On the other hand, a small business doesn't have access to that kind of capital, so a payroll tax holiday provides a windfall they have no other way of accessing, and thus we count on the entrepreneurial spirit of the owner to use that windfall to fund the project he/she otherwise couldn't. Unfortunately, not even the brightest of economists have crystal balls and there is no way to tell what will actually happen.

    The infrastructure spending is needed, and will provide some jobs, but $100b seems like a drop in the bucket. I like the idea of providing a superfund for private industry to borrow from better - of course then we get nutjobs like Terri Hall starting campaigns about how a private company is building a road so they can profit (well, no ... what do you think that company is in business for?).
    For some reason I thought when I started reading this that Darrin had made this post. Halfway through I was like wtf this is the most well reasoned post I've seen Darrin make ever. Then I looked at the name. Oops.

    I agree completely with you on the final (on all points really but the final one especially) point. The sad state of our infrastructure shoudl have made it the prime target from the get go and they still don't get the message.

  7. #57
    e^(i*pi) + 1 = 0 MannyIsGod's Avatar
    My Team
    San Antonio Spurs
    Join Date
    Mar 2003
    Post Count
    57,943
    I have little faith that "temporary" tax cuts are ever temporary anymore. As soon as the "temporary" period is up, the renewal of those cuts becomes a political topic framed as "raising taxes."
    This is a damn fine point as well.

  8. #58
    Veteran
    My Team
    San Antonio Spurs
    Join Date
    Mar 2009
    Post Count
    97,536
    the Repug Choir of Liars chimes in with their prepared/synchronized bull

    GOP Derides Obama Jobs Plan As ‘Second Stimulus,’ Ignoring Success Of The First

    many Republicans have derided the plan by calling it another stimulus, along the lines of the 2009 Recovery Act:

    REP. MICHELE BACHMANN (R-MN): “More stimulus? Do we really need ‘son of stimulus’? We passed a trillion dollars in stimulus. Will billions more do the job? There is nothing new here…I hope Congress doesn’t pass this plan.”

    REP. DARRELL ISSA (R-CA): “The failed stimulus and its successor policies have proven that massive government deficit spending is not the solution — it is the problem.” Issa also “poo-pooed the president’s job package, saying it sounds like a ‘second stimulus.’”

    SEN. LISA MURKOWSKI (R-AK): “Although the plan we heard tonight sounds a lot like a replay of his 2009 stimulus bill, even the President has now come to realize what Americans have known for some time, it simply didn’t work. $800 billion in federal spending got us where we are today.”

    SEN. RICHARD SHELBY (R-AL): “This seems to be nothing more than a son of stimulus proposal that will generate more political rhetoric than jobs. If that is the case, I will firmly reject it.”

    REP. ANDY HARRIS (R-MD): “We didn’t hear a whole lot new. This is basically ‘stimulus two.’”

    SEN. MITCH MCCONNELL (R-KY): “Two and a half years after the President’s signature jobs bill was signed into law, 1.7 million fewer Americans have jobs. So, I’d say that Americans have 1.7 million reasons to oppose another stimulus.”

    REPUBLICAN NATIONAL COMMITTEE CHAIRMAN REINCE PREIBUS: “Despite one failed stimulus, the President wants even more deficit spending.”

    Of course, all of this criticism is based on the incorrect assumption that the 2009 Recovery Act didn’t work. But as the Congressional Budget Office has continually found, the Recovery Act created or supported millions of jobs, keeping the unemployment rate up to two points below where it otherwise would have been. At its height in the third quarter of 2010, Recovery Act funds were supporting up to 3.6 million jobs.

    In June of this year, Recovery Act funding was still supporting up to 2.9 million jobs. This chart tracks the change in employment that occurred following the passage of the Recovery Act:



    http://thinkprogress.org/economy/201...cond-stimulus/

  9. #59
    Veteran DarrinS's Avatar
    My Team
    San Antonio Spurs
    Join Date
    Jun 2005
    Post Count
    42,561
    do you realize the president can't 'create' jobs, right?

    serious question

    Actually, he can create public sector jobs, but that's not the kind we need. He can't directly create private sector jobs, but he can implement policies that don't hinder their creation.

  10. #60
    Veteran
    My Team
    San Antonio Spurs
    Join Date
    Mar 2009
    Post Count
    97,536
    Lending money, say at the same interest rate that Banksters get from the Fed, to states and municipalities for infrastructure creation and maintenance directly creates jobs in the private sector.

    water, sewer, electrical grid, roads, bridges, dams, coal-fired generators retirement and/or scrubbers, are all ready for $Bs.

    But this discussion is moot, Repugs will block everything that helps Human-Americans.

  11. #61
    🏆🏆🏆🏆🏆 ElNono's Avatar
    My Team
    San Antonio Spurs
    Join Date
    Apr 2007
    Post Count
    153,473
    Obama got his stimulus and Obamacare passed (just no one wanted those things). I guess after 961 days in office, now is a good time to focus on jobs.
    He got the tax cuts extended too, at the request of GOP so they would trickle down to jobs. That didn't quite work, did it?

  12. #62
    dangerous floater Winehole23's Avatar
    My Team
    San Antonio Spurs
    Join Date
    Nov 2008
    Post Count
    113,908
    More tax cuts are surely the solution there.

  13. #63
    🏆🏆🏆🏆🏆 ElNono's Avatar
    My Team
    San Antonio Spurs
    Join Date
    Apr 2007
    Post Count
    153,473
    More tax cuts are surely the solution there.
    Exactly

  14. #64
    Veteran
    My Team
    San Antonio Spurs
    Join Date
    Mar 2009
    Post Count
    97,536
    Big Oil Kills Jobs For Profits

    The American Petroleum Ins ute argues that giving oil companies government handouts will create jobs. However, a new report by the House Natural Resources Democratic Staff finds that the major oil companies have actually shed employees while reaping record profits. From 2005 to 2010, Exxon, BP, Chevron, and S dumped 11,200 U.S. employees while raking in $546 billion in profits.

    http://thinkprogress.org/green/2011/...s-for-profits/

  15. #65
    Veteran
    My Team
    San Antonio Spurs
    Join Date
    Mar 2009
    Post Count
    97,536
    Recovery Act Jobs Still Critical to Our Economy

    Numerous nonpartisan economic and academic studies credit government economic spending between 2009 and 2011 for pulling our economy out of the deep, two-and-a-half-year Great Recession, which ended in June 2009, and the subsequently uneven economic recovery. The principal vehicle for that spending, the American Recovery and Reinvestment Act of 2009, was responsible for 2.4 million jobs each quarter from the months after its passage in February 2009 to the present—jobs that would not otherwise have existed. Even though nearly 85 percent of the total Recovery Act funds have now been spent, those dollars are continuing to flow through the economy and mitigate the effects of the continuing drags on economic recovery.

    When Congress debated the Recovery Act legislation in the winter of 2008-09, the private sector was shedding a record 700,000 to 800,000 jobs per month. The bursting of the housing bubble and the ensuing financial crisis threw the U.S. economy into a free fall—a collapse that has since partially reversed itself thanks to the effects of the Recovery Act.



    http://www.americanprogress.org/issu..._act_jobs.html

  16. #66
    Veteran jack sommerset's Avatar
    My Team
    Houston Rockets
    Join Date
    Apr 2008
    Post Count
    9,221
    Barry sucks. He has resorted to spamming.

    The White House Press Office sent nearly 50 e-mails to reporters overnight with statements of support from the president's allies, including The International Brotherhood of Teamsters, Democratic lawmakers, The Center for American Progress, the mayor of San Francisco and members of Obama's own Council on Jobs and Compe iveness.

    http://news.yahoo.com/blogs/ticket/w...155956139.html

  17. #67
    They hate us - but they want to be us!
    My Team
    San Antonio Spurs
    Join Date
    Sep 2005
    Post Count
    6,140
    Just a thought... wouldn't it have been more effective if Obama had waited to give this speech AFTER he presented his bill to Congress? I mean, he kept yelling "Pass this bill now", but there's no bill to pass yet!!!!! Seems like it would've made more sense for him to get his plans written in a bill and present it to Congress - then give his speech.

    But this is just more of Obummer's grandstanding. Give a speech listing all of these grandiose plans (albeit with no clear way to pay for them), then blame someone else when they go nowhere. HEY MR. PRESIDENT - IF YOU REALLY BELIEVE ALL THOSE IDEAS WILL WORK - THEN WRITE THE DAMN BILL AND PUT IT OUT THERE FOR CONGRESS TO VOTE ON!!!!!!!!!!!!!!!!!!!!!

  18. #68
    keep asking questions George Gervin's Afro's Avatar
    My Team
    San Antonio Spurs
    Join Date
    Oct 2004
    Post Count
    11,409
    Just a thought... wouldn't it have been more effective if Obama had waited to give this speech AFTER he presented his bill to Congress? I mean, he kept yelling "Pass this bill now", but there's no bill to pass yet!!!!! Seems like it would've made more sense for him to get his plans written in a bill and present it to Congress - then give his speech.

    But this is just more of Obummer's grandstanding. Give a speech listing all of these grandiose plans (albeit with no clear way to pay for them), then blame someone else when they go nowhere. HEY MR. PRESIDENT - IF YOU REALLY BELIEVE ALL THOSE IDEAS WILL WORK - THEN WRITE THE DAMN BILL AND PUT IT OUT THERE FOR CONGRESS TO VOTE ON!!!!!!!!!!!!!!!!!!!!!
    I didn't realize that presidents write bills..

  19. #69
    I can live with it JoeChalupa's Avatar
    My Team
    San Antonio Spurs
    Join Date
    Nov 2001
    Post Count
    21,547
    Get it done damnit!!

  20. #70
    Mr. John Wayne CosmicCowboy's Avatar
    My Team
    San Antonio Spurs
    Join Date
    Mar 2003
    Post Count
    44,136
    just a thought... Wouldn't it have been more effective if obama had waited to give this speech after he presented his bill to congress? I mean, he kept yelling "pass this bill now", but there's no bill to pass yet!!!!! Seems like it would've made more sense for him to get his plans written in a bill and present it to congress - then give his speech.

    But this is just more of obummer's grandstanding. Give a speech listing all of these grandiose plans (albeit with no clear way to pay for them), then blame someone else when they go nowhere. Hey mr. President - if you really believe all those ideas will work - then write the damn bill and put it out there for congress to vote on!!!!!!!!!!!!!!!!!!!!!
    x2

  21. #71
    Mr. John Wayne CosmicCowboy's Avatar
    My Team
    San Antonio Spurs
    Join Date
    Mar 2003
    Post Count
    44,136
    I didn't realize that presidents write bills..
    dumbass

    Put the proposal in writing, specify exactly what you are asking for, and let the CBO score it.

  22. #72
    Mr. John Wayne CosmicCowboy's Avatar
    My Team
    San Antonio Spurs
    Join Date
    Mar 2003
    Post Count
    44,136
    The markets certainly weren't impressed by the Teleprompter in Chief. Dow already down 300+ points.

  23. #73
    dangerous floater Winehole23's Avatar
    My Team
    San Antonio Spurs
    Join Date
    Nov 2008
    Post Count
    113,908
    Perhaps the markets are more impressed with the impending implosion of the Eurozone.

  24. #74
    keep asking questions George Gervin's Afro's Avatar
    My Team
    San Antonio Spurs
    Join Date
    Oct 2004
    Post Count
    11,409
    dumbass

    Put the proposal in writing, specify exactly what you are asking for, and let the CBO score it.
    so they don't actually write the bills...

  25. #75
    keep asking questions George Gervin's Afro's Avatar
    My Team
    San Antonio Spurs
    Join Date
    Oct 2004
    Post Count
    11,409
    Perhaps the markets are more impressed with the impending implosion of the Eurozone.
    wait a minute.. I thought this drop was attributed to Obama's speech... Cosmic Cowboy will be disappointed..

    he's not that bright

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •