[KeyLargo]

"Daniel Henninger discusses how Robert Rubin and Alan Greenspan agree that Americans should send more of their paychecks to Washington. Also, Fannie and Freddie ask for more cash within weeks of an Obama pledge to end taxpayer rescues".

[2banana]

For a little history lesson...

New Jersey up to the late 1970s was a ZERO income tax state and had a sales tax of 4%...

And things workes pretty well.

[StAntKnee]

Could use a warning that following the wsj link requires subscription.

[MNJohnnie]

Is that $74,000 in addition to what he pays her or a total price for her labor including her wages? Going to be citing this article and want to make sure I get it right.

[oust the louse]

darn...would have loved to finish this story but held captive by the subscription link.

[Eye of Unk]

I am a seasonal construction worker in Alaska, my season typically exists only from april till novemeber, there is NO other work available in the winter exept Walmart.

My company laid off everyone except for myself and another driver, only my unique skills is keeping me a job right now but my reduced hours are cutting back my pay, the company won’t deliver concrete on saturday anymore because most orders are small home owner jobs and they won’t pay my overtime.

We all keep hoping Obama will abdicate his throne, just a figure of speech but we actually believe that if Obama was removed the economy would improve.

[NewHampshireDuo]

Ping for reading again.

[9YearLurker]

The FR search engine is our friend:

http://www.freerepublic.com/focus/f-news/2567317/posts

http://www.freerepublic.com/focus/f-news/2567601/posts

[sickoflibs]

RE :”When you add it all up, it costs $74,000 to put $44,000 in Sally's pocket and to give her $12,000 in benefits”

Yep and the company can find a probably better educated worker worker in China that will do the same job for 24K $ vs the 74K $ it costs to hire her for 44 K$.

Democrats solution to this problem?? Run that 74 K $ cost up to 100 K$ so she is completely unaffordable because that will somehow ‘stimulate’ our economy they say.

[nmh]

Rumor is that Obama plans on “forgiving” debtors of Fannie And Freddie. This is supposed to be his GIFT to keep him in office. He is the great Santa Claus!

[MadIsh32]

Excellent article. And this administration is only making things 100 times worse.

mark my words, unemployment will skyrocket next year when the Bush tax cuts expire. There will be less disposable income in the pockets of Americans, and the cost of doing business will only accelerate.

This administration only supports the big bussinesses and unions that it bailed out, wall st and the auto unions in particular

[bluedressman]

How long before Mr. Fleisher and his company get an IRS audit?

[Hank Kerchief]

“Could use a warning that following the wsj link requires subscription.”

More than that, since the page is a pitch for PAID subscription, it amounts to solicitation, which I thought was banned around here. It ought to be.

Hank

[DNME]

I would have loved to finish that story, too, but I’m not willing to subscribe just for one editorial.

This story provides a textbook illustration for why unemployment is so stubbornly high and will remain so. Government meddling in the labor market has made it just too damn expensive to hire anybody, even at minimum wage, and there’s no telling what new taxes, fees and costs Obummer will add later. Why get stuck with long-lasting unemployment and COBRA costs when you can just ship the job off to Indonesia?

[Alex Murphy]

When you add it all up, it costs $74,000 to put $44,000 in Sally's pocket and to give her $12,000 in benefits.

Ping for later

[Niteranger68]

Having workers on your payroll in this economy is like playing rummy. You don't know when the game ends so you want to have the fewest cards in hand when it does.