Prediction: Democrats will offer 'Targeted' tax cuts that won't be enough to put America's work force back to work
Posted on 10/18/2009 5:38:21 PM PDT by NormsRevenge
WASHINGTON – President Barack Obama is considering all options to create jobs, including another stimulus package, while trying to pull the economy out of a deep recession and deal with a record deficit, White House advisers said Sunday.
...
"You've got this huge national deficit and we've got to do what we can to bring that down. At the same time, it's important to stimulate the economy," Jarrett said. "Let's wait and see. Let's let the recovery bill do its job."
Unemployment stands at 9.8 percent, with more than 4 million jobs lost this year. The deficit has reached $1.4 trillion and the national debt $11.9 trillion.
(Excerpt) Read more at news.yahoo.com ...
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Resigning too?
This country can’t afford DemocRat anymore.
You beat me to it... Resign.
“Let’s wait and see. Let’s let the recovery bill do its job.”
1) This is an admission that it hasn’t worked.
2) It’s pretty late in the season to be saying “let’s wait and see.”
All options except...CUTTING TAXES...the one thing that would actually create jobs.
Try getting your damn fingers out of my wallet. Try NOT nationalising medical care. Try a reduction in taxes on capital gains, reducing corporate taxes and dropping the cap and tax scam.
he could hire all 6 million unemployed americans to be czars of something or other . . .
From your lips!
Is he considering getting government off the backs of
business owners? Or is that too radical for him?
"Everything is on the table" is code for "we aren't bound by our promises," and/or "tax increases are coming."
obammie is an asshole
Stop paying ridiculous pensions to teachers, postal workers etc, etc...and the deficient will go down.
FIRE CONGRESS AND GIVE US A LEGITIMATE PRESIDENT who believes in this country!!
Stalling.
FlashBack 2006: Are the Bush Tax Cuts Working?[1.4 million Jobs the Nine Months After August 2003]
http://www.freerepublic.com/focus/f-news/2364667/posts
GDP Growth [Charts at link]
In the third quarter of 2003, GDP grew at a 7.2 percent annual rate. Forecasters are expecting GDP to grow by 4.6 percent in 2004, the highest in 20 years.
2003 and 2004 economic growth levels surpassed Congressional Budget Office (CBO) estimates
^
What happened 3rd quarter 2003 before GDP grew at 7.2%:
May 28, 2003 — Jobs and Growth Tax Relief Reconciliation Act of 2003 = 108th United States Congress—Thank you Republicans
Obama should seriously consider stepping down and returning to the Chicago underworld. We’ll deal with Biden later.
Really?
How about an income tax holiday on November and December?
creating = saving the existing union jobs
If he were serious about it he would consider Reagan’s strategies. All another Economic Stagnation Package would mean is more money to those the rats owe for getting them and keeping them in power! More pork anyone?
1. Tax cuts
2. Competition
3. Free Market Capitalism
Does that mean requiring EVERYONE to adhere to the CONSTITUTION?????
You know, REAL changes that would actually make a difference.
Other than that, he's looking at all options. Right.
Bump bump bump and BUMP!
Not sure that even that would work at this point (would have been a great first start however)... At the rate of the dollar devaluation, it would take a miracle to restore both jobs and confidence now... (blame the Fed)...
It is a fact that his stimulus package hasn't created many jobs, but most certainly harmed the marketplace by damaging the incentive to create jobs.
Cut taxes. Keep the Bush family cuts.
Lets wait and see about jobs, lets wait and see about Afghanistan. Our dear boy-king voting "Present" as usual.
**We’ll deal with Biden later.**
We’ll all be laughing too hard for Biden to do ANYTHING!!
My guess is that Obama is looking to set up a jobs program- not unlike those that have been set up for youth in the inner cities over the years. They were very popular back in the 70s when I was an inner city youth.
Nothing really gets done, but “paychecks” are cut and the “workers” are kept off the street during “work” hours. Glorified welfare.
Obama would like to set up a WPA- which didn’t accomplish a whole lot considering the size of its workforce back in its day.
But unlike in the 30’s, today government construction jobs are a lot more firmly controlled by the trade unions- so most of that work is really of the table for welfare recipients.
Except for the obvious: Cut taxes and spending to the bone, cut EPA regs, in fact dump the EPA altogether, urge states to end income taxes and corporate taxes and environmental laws.
It’s called a vicious spiral.
Like borrowing money to pay back money you borrowed, all the while spending like there’s no tomorrow.
You Got It!
Socialism is in direct contrast with PAST American Economic Principals.
Oh, For The Good Old Days !
Gone For Ever , I’m Afraid.
That will be issue #1 for the '10 election cycle. I can hear Axelrod and Rahm triangulating as I type.
The Democrats need to see some sort of economic recovery in the next 6 months if they want to keep Congress. If the economy starts recovering in August ‘10, it’s too late because after summer vacation, kids go back to school and football season starts and people won’t pay attention to politics at that point.
Another LIE!
TAX CUTS are NOT on the table!!!
Nothing that would provide those who actually create value added jobs with an incentive to hire and expand.....fricken idiots!
Maybe the Obamamobile needs washin’?
Everything may be on the table, but the problem is, those sitting around the table are inexperienced children.
No one in their right mind believes this B.S.
Barry isn’t looking at anything.
He is partying hard, running all over the world visiting his fans and apologizing for America.
Meanwhile Axelrod and Emanuel run the country and release fairytale press releases like this to liberal lap dogs.
http://www.marketoracle.co.uk/index.php?name=News&file=article&sid=14306
“The federal government’s promise to extricate the U.S. economy from this recession involves more spending
The truth is that this policy merely indentures its citizens further without providing any income for repayment of debt.
Okay, here is an idea. The government can tax my small business and take large portions of my income to redistribute or they can let me keep my earnings which I will in turn use to purchase equipment and hire people. Which do you think is going to grow grow our economy?
Across-the-board tax cuts would probably have done it, but that would involve a leftist government ceding control of its population.
Can't have that.
...tax cuts.
Because all money rightfully belongs to the federal government.
I cannot decide-is 0bama more like Beavis, or more like Butthead????
“Not sure that even that would work at this point (would have been a great first start however)... At the rate of the dollar devaluation, it would take a miracle to restore both jobs and confidence now... (blame the Fed)...”
Heck, even if it didn’t create that many jobs, if it starved the federal government back down to size, it’d be worth it.
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