Posted on 07/07/2012 9:41:23 AM PDT by NormsRevenge
US President Barack Obama said Saturday the United States needed to do more than just reclaim jobs lost to the recession, as he called for rebuilding the economy to make it secure for future generations.
"Our mission isn't just to put people back to work - it's to rebuild an economy where that work pays; an economy in which everyone who works hard has the chance to get ahead," Obama said in his radio and Internet address.
The comment came after new Labor Department statistics showed that the June jobless rate was unchanged from May at 8.2 percent, with 12.7 million people in the ranks of the unemployed.
The United States added only 80,000 jobs in June, the third month of weak jobs growth amid a sluggish economy that has kept hiring on hold, the department data made public on Friday showed.
The figure was far below what is needed just to keep pace with growth in the labor force, signaling no relief in sight for an unemployment rate that has held above 8.0 percent for more than three years.
The disappointing report toughened the challenge ahead for Obama, who is fighting to keep his job in the November presidential election against charges by Republican challenger Mitt Romney that his administration has failed to revive the economy.
Romney argued that Friday's weak US jobs report was proof Obama's economic policies were failing, saying "this kick in the gut has got to end."
(Excerpt) Read more at news.yahoo.com ...
And still America is not so disgusted as to want to impeach.
April 29, 1945: From his headquarters in Berlin Reichskanzler Hitler today called for international efforts to acheive a just and lasting peace among nations.
Obama says he’s responsible for economy. “Give it to me.”
http://www.youtube.com/watch?v=CQBSTomBWls
WLS RADIO CHICAGO
The tax man cometh to police you on health care
Posted: 7/7/2012 10:57:01 AM
CHICAGO (WLS) - The Supreme Court’s decision to uphold most of President Barack Obama’s health care law will come home to roost for most taxpayers in about 2½ years, when they’ll have to start providing proof on their tax returns that they have health insurance.
That scenario puts the Internal Revenue Service at the center of the debate, renewing questions about whether the agency is capable of policing the health care decisions of millions of people in the United States while also collecting the taxes needed to run the federal government.
Under the law, the IRS will provide tax breaks and incentives to help pay for health insurance and impose penalties on some people who don’t buy coverage and on some businesses that don’t offer it to employees.
The changes will require new regulations, forms and publications, new computer programs and a big new outreach program to explain it all to taxpayers and tax professionals. Businesses that don’t claim an exemption will have to prove they offer health insurance to employees.
The health care law “includes the largest set of tax law changes in more than 20 years,” according to the Treasury inspector general who oversees the IRS. The agency will have to hire thousands of workers to manage it, requiring significant budget increases that already are being targeted by congressional Republicans determined to dismantle the president’s signature initiative.
“Knowing the complexity of the health law, there’s no question that the IRS is going to struggle with this,” said Rep. Charles Boustany Jr., R-La., chairman of the House Ways and Means oversight subcommittee. “The IRS wants more resources. Well, we need to start digging down into what are they doing with the resources and personnel.”
http://www.wlsam.com/Article.asp?id=2488946&spid=
The same breed of politician of the Clinton era and beyond is still in leadership roles.. We have a gutless spineless 2-in-1 party system that is hellbent on covering their own arses first. The bottom will have to fall out of the economy before all the rubbish can be ejected.
Big Gubamint Breeds Big Spenders
Kirk Douglas?
1) Halve the size of Federal, State and Local governments.
2) At the Federal level, start tomorrow by eradicating all the Departments that begin with the letter “E”. Sesame Street level for those with law degrees from “prestigious” schools: Our letter for the first day is the Letter E
There’s hardly a person in existence less qualified to (re)build the US economy than 0bama. The only thing he has successfully run is his mouth.
There’s hardly a person in existence less qualified to (re)build the US economy than 0bama. The only thing he has successfully run is his mouth.
There’s hardly a person in existence less qualified to (re)build the US economy than 0bama. The only thing he has successfully run is his mouth.
There’s hardly a person in existence less qualified to (re)build the US economy than 0bama. The only thing he has successfully run is his mouth.
There’s hardly a person in existence less qualified to (re)build the US economy than 0bama. The only thing he has successfully run is his mouth.
There’s hardly a person in existence less qualified to (re)build the US economy than 0bama. The only thing he has successfully run is his mouth.
There’s hardly a person in existence less qualified to (re)build the US economy than 0bama. The only thing he has successfully run is his mouth.
There’s hardly a person in existence less qualified to (re)build the US economy than 0bama. The only thing he has successfully run is his mouth.
There’s hardly a person in existence less qualified to (re)build the US economy than 0bama. The only thing he has successfully run is his mouth.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.