United States News
See other United States News Articles
Title: Obama's Failure - Unemployment Rises to 9.8%
Source:
[None]
URL Source: http://www.nationalfreedomforum.com ... -unemployment-rises-to-98.html
Published: Dec 3, 2010
Author: nationalfreedomforum
Post Date: 2010-12-03 12:52:11 by no gnu taxes
Keywords: None
Views: 14567
Comments: 34
Socialist President Obama and the Socialists that control Congress, until the end of this year, fiddle while America burns. Socialists Reid and Pelosi have controlled the Congress since 2006 and yet they have done nothing to extend the Bush Tax cuts that are critical to growing our economy. In addition, to keep jobs in America, the corporate tax rate, the second highest in the world at 35%, should be cut to 20% to be competitive with other countries. We are now down to the wire as those Bush tax cuts will expire on December 31. Instead of focusing on the economy and jobs growth, these Socialists, with the support of big unions and environmental wackos, have enacted many job killer bills and bail outs during the last two years. It is just disgraceful. In the latest jobs report, unemployment has gone up to 9.8%, the highest rate since last April. In fact, unemployment has been above 9% for the last 19 months, coinciding with the Obama Presidency. The real unemployment rate if all are counted, those unemployed, those under employed working part time who want full time work and those that have just given up looking for work is around 17%. Currently, there are officially 15.1 million unemployed Americans; but when all are counted there are more than 25 million that do not have full time jobs. 6.3 million are considered long term unemployed meaning that they have been out of work for 27 weeks or longer. 1.3 million people have just given up looking for work altogether. Economists thought that 150,000 new jobs would be created in November when the number turned out to be just 39,000 jobs. It takes 100,000 new jobs a month just to deal with the kids coming out of school. The reality is that the US needs job growth of at least 300,000 jobs a month to make any dent to the national unemployment rate. And, even at that rate, it would take years to get unemployment down to 5%, which generally is considered a full employment economy. Clearly, Socialist President Obama and the Socialists in Congress have failed miserably to manage the US economy in order to create jobs. Their SwindleUS Plans and trillions in deficit spending have not worked. Their job killer bills like ObamaCare, CAP & TAX and additional financial and other regulations on business have been devastating. However, none of this should be a surprise. Most of these Socialists have never worked in business. The Obama Administration is full of university eggheads, including the President, and or Socialist career politicians that don't have a clue what it takes to make payroll every month. If we are ever going to restore economic growth and job creation in America again, we must FIRE all of these Socialists in 2012 and 2014. WE THE PEOPLE succeeded in taking back the House of Representatives in 2010. Now we must focus on taking back the Presidency and the Senate in 2012 and 2014 by electing more common sense Conservatives that support free market capitalism, limited government, lower taxes and less regulation, a balanced budget, term limits, real education, energy and health care reform, a strong national defense, including securing our border and fighting Terrorism, the right to bear arms, the sanctity of life and family values that are the foundation of our nation. This is the platform supported by the majority of the American people and the only way to restore economic growth and job creation in America. Most important, we must elect Conservatives that will adhere to the Constitution, as written by our Founding Fathers, not as contrived by the left wing media, Socialists in the last 97 years, former Presidents, Congresses, or the Courts. We must take back our country in 2012 and 2014. We can do it. We must do it to preserve our freedom, our nation and way of life and for the sake of our children and grandchildren.
Post Comment Private Reply Ignore Thread
Top • Page Up • Full Thread • Page Down • Bottom/Latest
#1. To: no gnu taxes (#0)
His economic policies failed. Graph THAT.
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
Only if you'd rather go back to the 700k jobs lost a month and shrinking GDP that he inherited.
Owe-bama's been President for 23 months. Pelosi has been speaker 35 months Reid has been Senate Majority Leader for 35 months. We now know we've had 19 consecutive months of unemployment at 9% or higher, which is the longest 'streak' since the Great Depression. So, to correct you, its 'only if you'd rather go back to 1931'. Thanks for playing.
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
Failure on the left, success on the right. Keep arguing for going back to failure: Badeye is an expert on failure, so it's understandable why he prefers it.
FYI: You agree the 99ers are wrong in demanding unemployment extensions then.
-----------------------------------------------------------
Just curious whore, what specific hallucinogenics are you currently taking?
Living in mouth breather's empty noggins 24/7/365 totally rent free!
First, the Fed was correctly strangling the economy to squeeze out the Carter 17% inflation and 21% home mortgage interest rates. Second, Reagan's tax cut was implemented in three phases - an immediate cut, another one after year one, and another one after year two. They should have done it all at once but the Democratically controlled Congress wouldn't do it. The economy started to boom as soon as the third tax cut was in effect.
Alcohol does not do your grammar any good. You mean; 'Specifically speaking, what hallucinogenics....' You need to try to miss a couple of turns as your small town's designated drunk for the day. A few more brain cells would help as well.
Inflation:: GDP: reagan was already undoing most of his tax cuts by 1983 because the failure to meet revenue projections was exploding the deficit. Obamabots are so desperate and pathetic!
Completely wrong. Reagan lowered the top marginal rate from 70% to 50% in the early 80s. In 86, he lowered the top rate from 50% to 28%.
I wouldn't know about that weasel girl. Your projection of your own vices onto me is interesting but invalid you libTURD filth. But that's how you libTURD filth work isn't it creep? You make unsubstantiated charges and LIE about those who you despise. Do you know why you stink cornflake boy? So that even blind people can hate YOU, you mincing little libTURD sissy creep. Spit ...
Living in mouth breather's empty noggins 24/7/365 totally rent free!
Around $90 billion in tax hikes were enacted in 1983 - see chart above. I have a lot of respect for you, but when you post outright false claims and false numbers, you make yourself look bad.
You need to try to miss a couple of turns as your small town's designated drunk for the day. A few more brain cells would help as well. LoL. Mad Dog is the poster child for the filter system on this site.
You are extremely confused. Let me tell you why. You said: "reagan was already undoing most of his tax cuts by 1983". That's untrue. Reagan's goal was to cut margin tax RATES. He did this. The top rate went from 70% to 50% in the early 80s and then to 28% in 86. Reagan NEVER undid any of that. Low marginal tax RATES. That's what is important to sustain a dynamic, innovative economy. Low margin tax RATES. I've tried to explain this to you before in a thread on the deficit commission, which proposes to cut the top tax rate from 39.6% to 23%, which would be the lowest tax rate since Calvin Coolidge. For some reason, you just aren't getting it.
If your marginal tax rate drops from 18 to 15%, but due to deduction changes you end up paying more in taxes, did your taxes go up or down? You seem to be arguing that they still went down, even if at the end of the year your tax bill goes up.
If the rates are reduced, and the economy booms, you might earn a lot more money in a few years than you would otherwise. On the additional money you earn, you will be paying a lower rate. That's called your marginal rate -- the rate that you pay on the next dollar you earn. In that situation, you'd pay more in taxes because you are earning more, but the percentage of your income you'd pay in taxes might be less. We need a tax system that will maximize investment, innovation, and growth. That's the point. The government has little capability of successfully micro-managing a dynamic, innovative economy of 300 million people in a global economy of 6.5 billion people. Sure, they can help at the margins with R&D money, etc. But they can't centrally plan the economy. The economy works through a distributed networks of information, like the price system, which provides simple mechanisms that enable people to make decisions in a very complex world. This is why communism failed, because they substituted the decisions of a handful of bureaucrats for the decisions of billions of people. The bottom line is that getting rid of the special interest deductions and flatting the marginal rates would be a lot better for the economy than keeping rates highs and deductions in tact. The deductions distort economy activity and the high rates suppress economy activity.
The only guy I've ever filtered anywhere. He's crude with no redeeming qualities.
Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains. Thomas Jefferson
Clinton raised taxes and 17.6 million jobs were created during his administration. Bush lowed taxes and 3.7 million jobs were created during his administration.
Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains. Thomas Jefferson
correlation = causation a proven scientific concept.
a proven scientific concept. You're kidding, right?
Clinton / Gingrich cut the Capital Gains tax rate. That helped spur enormous investments when the internet was young. Obama wants to raise the Capital Gains tax from 15% to 20%. He also wants to raise the tax on dividends from 15% to 39.6%. If you think business aren't investing enough now, just wait until this happens. Everything will shut down.
Indeed.
Obama wants to raise the Capital Gains tax from 15% to 20%. Clinton cut the capital gains tax rate from 28% to 20% in 1997. Bush cut the rate to 15% from 20% in 2003 and the economy took of like a rocket. Oh wait - that didn't happen.
Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains. Thomas Jefferson
Oh wait - that didn't happen. The economy did okay even though Bush was spending money like Democrats. What impact did the Bush tax cuts have on economic growth? The evidence is not favorable. For example, according to this Census report (see table A1), median household income in 2007, adjusted for inflation, was lower than it was in 2000. And as the non-partisan Center on Budget and Policy Priorities reports, based upon data from the Bureau of Labor Statistics, employment growth was particularly weak, “with employment and wage and salary growth … lower than in any previous post-World War II expansion. Employment grew at an average annual rate of only 0.9 percent from November 2001 to September 2007, as compared with an average of 2.5 percent for the comparable periods of other post-World War II expansions. In addition, real wages and salaries grew at a 1.8 percent average annual rate in the 2001-2007 expansion, as compared with a 3.8 percent average annual rate for the comparable periods of other post-World War II expansions.” Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains. Thomas Jefferson
I think we've been in agreement on that point for a long time - I personally favor replacing all income and corporate taxes with a NST. But I won't argue that if your tax rate drops, but you end up paying more in taxes on the same income because you lost deductions, then you got a tax cut. If you cut my rate but eliminate my mortgage interest deduction, and at the end of the year i'm paying more in taxes on the same income, i'm not happy.
FYI: Here's a chart showing the percentage of wealth controlled by the richest 1% of the country: If you cut my rate but eliminate my mortgage interest deduction, and at the end of the year i'm paying more in taxes on the same income, i'm not happy. Who knew? Common sense from you? Attaboy!!!!!!!!!!! (Remember however, one "Aw shit!" wipes out 20,000 "Attataboy!!!" 's)
And the sheep will bleat their submission, Burma Shave.
that's because government spending has a bigger multiplier than tax cuts.
Socialist President Obama
On January 3, 2011 the GOP assumes responsibility for deficit spending.
#2. To: go65 (#1)
#3. To: Badeye (#2)
His economic policies failed.
On January 3, 2011 the GOP assumes responsibility for deficit spending.
#4. To: go65 (#3)
Only if you'd rather go back to the 700k jobs lost a month and shrinking GDP that he inherited.
#5. To: Badeye (#4)
On January 3, 2011 the GOP assumes responsibility for deficit spending.
#6. To: go65 (#5)
Failure on the left, success on the right. Keep arguing for going back to failure:
#7. To: no gnu taxes, badeye, jwpegler (#0)
On January 3, 2011 the GOP assumes responsibility for deficit spending.
#8. To: go65 (#7)
Barrack Hussein Obama
President of the United States of America said that some Americans ; "They can come for the ride, but they gotta sit in back."
#9. To: go65 (#7)
#10. To: go65 (#7)
(Edited)
"It's very important to remember the law is not simply what powerful people would want others to believe it is." -- Julian Assange
#11. To: Mad Dog (#9)
"Just curious whore, what specific hallucinogenics are you currently taking?"
#12. To: jwpegler (#10)
(Edited)
First, the Fed was correctly strangling the economy to squeeze out the Carter 17% inflation and 21% home mortgage interest rates.
Second, Reagan's tax cut was implemented in three phases - an immediate cut, another one after year one, and another one after year two. They should have done it all at once but the Democratically controlled Congress wouldn't do it.
On January 3, 2011 the GOP assumes responsibility for deficit spending.
#13. To: go65 (#12)
reagan was already undoing most of his tax cuts
#14. To: go65 (#12)
reagan was already undoing most of his tax cuts by 1983
"It's very important to remember the law is not simply what powerful people would want others to believe it is." -- Julian Assange
#15. To: cornflake boy aka weasel girl aka Ferret Mike (#11)
#16. To: jwpegler (#14)
(Edited)
On January 3, 2011 the GOP assumes responsibility for deficit spending.
#17. To: Ferret Mike (#11)
Alcohol does not do your grammar any good. You mean; 'Specifically speaking, what hallucinogenics....'
On January 3, 2011 the GOP assumes responsibility for deficit spending.
#18. To: go65 (#16)
(Edited)
"It's very important to remember the law is not simply what powerful people would want others to believe it is." -- Julian Assange
#19. To: jwpegler (#18)
Low marginal tax RATES. That's what is important to sustain a dynamic, innovative economy. Low margin tax RATES.
On January 3, 2011 the GOP assumes responsibility for deficit spending.
#20. To: go65 (#19)
(Edited)
If your marginal tax rate drops from 18 to 15%, but due to deduction changes you end up paying more in taxes, did your taxes go up or down?
"It's very important to remember the law is not simply what powerful people would want others to believe it is." -- Julian Assange
#21. To: go65 (#17)
Mad Dog is the poster child for the filter system on this site.
#22. To: jwpegler (#20)
The bottom line is that getting rid of the special interest deductions and flatting the marginal rates would be a lot better for the economy than keeping rates highs and deductions in tact. The deductions distort economy activity and the high rates suppress economy activity.
#23. To: lucysmom (#22)
Clinton raised taxes and 17.6 million jobs were created during his administration. Bush lowed taxes and 3.7 million jobs were created during his administration.
#24. To: no gnu taxes (#23)
correlation = causation
#25. To: lucysmom (#22)
(Edited)
"It's very important to remember the law is not simply what powerful people would want others to believe it is." -- Julian Assange
#26. To: lucysmom (#22)
(Edited)
Clinton raised taxes
"It's very important to remember the law is not simply what powerful people would want others to believe it is." -- Julian Assange
#27. To: go65 (#17)
#28. To: jwpegler (#26)
Clinton / Gingrich cut the Capital Gains tax rate. That helped spur enormous investments when the internet was young.
#29. To: lucysmom (#28)
Bush cut the rate to 15% from 20% in 2003 and the economy took of like a rocket.
Year Economic Growth 2003 2.45% Capital Gains Cut 2004 3.10% 2005 4.40% 2006 3.20% 2007 3.20% First Pelosi Budget 2008 2.00% 2009 1.10% First Obama Budget 2010 -2.60%
"It's very important to remember the law is not simply what powerful people would want others to believe it is." -- Julian Assange
#30. To: jwpegler (#29)
The economy did okay even though Bush was spending money like Democrats.
#31. To: jwpegler (#20)
We need a tax system that will maximize investment, innovation, and growth. That's the point.
On January 3, 2011 the GOP assumes responsibility for deficit spending.
#32. To: lucysmom, jwpegler (#30)
What impact did the Bush tax cuts have on economic growth?
On January 3, 2011 the GOP assumes responsibility for deficit spending.
#33. To: go65 (#31)
But I won't argue that if your tax rate drops, but you end up paying more in taxes on the same income because you lost deductions, then you got a tax cut.
Seeing the others as fools,
Not knowing nor even caring,
They've become no more than tools.
#34. To: jwpegler (#29)
The economy did okay even though Bush was spending money like Democrats.
On January 3, 2011 the GOP assumes responsibility for deficit spending.
Top • Page Up • Full Thread • Page Down • Bottom/Latest
[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Mail] [Sign-in] [Setup] [Help] [Register]