Skip to comments.Democrats Have No Plan To Create Jobs
Posted on 09/11/2012 12:29:24 PM PDT by Kaslin
The bounce expected from Barack Obama's Democratic Convention speech collapsed the following day under the reality check that the current unemployment figure is 8.1 percent. And 40.7 percent of those people have been out of work for 27 weeks or more.
Those numbers tell only a small part of Obama's failure to deliver on his promises. The real unemployment figure is closer to 19 percent. The official count doesn't include the 8 million unemployed who have given up and stopped looking for a job, the people who have had to settle for part-time work, those who had to take lower-paying jobs that are well below their qualifications or the 11 million who are out of the workforce collecting Social Security disability checks.
The plight of young Americans is even worse. For 18- to 29-year-olds, the unemployment rate is 12.7 percent.
The majority of jobs lost during our current depression were well-paying jobs, while the majority of jobs that Obama brags about increasing are lower-paying jobs.
The National Employment Law Project reports that occupations in construction, manufacturing and information, with median hourly wages of $13.84 to $21.13, accounted for 60 percent of job losses and only 22 percent of job growth. Meanwhile, 58 percent of the job growth Obama bragged about was lower-paying jobs with hourly wages of $7.69 to $13.83.
The jobs with the fastest growth were retail sales, where the median wage is $10.97 an hour, and food preparation jobs that pay $9.04 per hour. Some of these jobs are taken by entry-level workers, but many others are taken by older Americans who were laid off from well-paying jobs.
A Labor Day weekend report also came from the Department of Agriculture, which showed us that 46,670,373 Americans are now receiving food stamps at an annual cost to the taxpayers of $71.8 billion. Do we really believe that more than 46 million Americans would go hungry without a government handout?
One of Obama's much talked about solutions for the jobs problem is to send more kids to college. But most recent college graduates cannot get jobs that require a college degree or justify the enormous debt they incur in order to attend college.
The jobs aren't there that justify either individual or taxpayer debt to increase college attendance. The Labor Department predicts that, of the top 10 occupations expected to provide the most jobs between now and 2020, three will require no more than a high school education and five others won't even require a high school diploma.
Even those jobs would be welcomed by unemployed Americans, but many of those fastest growing jobs are taken by immigrants, legal and illegal. Obama's refusal to enforce the laws against illegal aliens, his prosecution of states trying to do what his administration is failing to do, plus his illegal order to give work permits to 1.7 million young illegal aliens add up to a direct attack on the job opportunities of millions of Americans.
Those who say we can just concentrate on fiscal issues and ignore social issues are refusing to face the reality that federal spending is driven by social issues, especially the low marriage rate and the high illegitimacy rate. The Census Bureau reports that the poverty rate of single-parent households is 27.3 percent, but the poverty rate of married couples is only 6.2 percent.
The current depression has not only changed the kind of jobs that people take, but it is changing the American character from self-reliance to dependence on government. During the Great Depression of the 1930s, there were no entitlements. Americans didn't look to government for handouts and they grew up to become the Greatest Generation.
According to the Bureau of Economic Analysis, entitlement payments in 1960 amounted to $24 billion (in current dollars), but by 2010, they had climbed to $2.2 trillion in money, goods and services. In 1960, entitlement payments were well-below one-third of federal government expenditures, which is about the same proportion as in 1940. But now, entitlements amount to two-thirds of federal spending and all other government functions have been reduced to one-third.
America is now a very different country from what it used to be. That enormous growth of entitlements over the last 50 years has transformed not only the purpose of government, but also the American character. Barack Obama has taken us across a landmark threshold.
Many Americans now feel no shame in milking the taxpayers, and some seem to agree with Obama that "government is the only thing we all belong to." It doesn't seem to bother them that their handouts are financed by borrowing from Communist China, leaving a colossal debt to hang around the necks of our children and grandchildren.
Obama's expensive stimulus plan failed, and now he offers no plan to create more jobs or build individual independence and self-reliance. We hope for a change in November.
They want everyone in government jobs or on welfare to make everyone beholden to them.
Haven’t you heard.... bridges and roads and broadband and green technolog-eh
Would that be a real job or would that be a government job?
And another thing...Why don’t they talk about creating careers? All we ever hear about is “jobs, jobs, jobs.” That goes for the Republicans too.
I doubt babies born today will ever enjoy the American Experience of yesteryear. A shame.
Loudoun County, Virginia: $115,574 median household income
Falls Church City, Virginia: $114,409
Fairfax County, Virginia: $105,416
Howard County, Maryland: $103,273
Four are DC suburbs. The residents of those counties basically run the DC bureaucracy -their goal is their power...and their power is dependent upon misery across the country to throw power their way-to SOLVE the problems....which somehow just never seem to get solved...go figure.......
I was in college 20 years ago and business professors told us we would not enjoy the standard of living our parents had; they were absolutely right. I couldn’t imagine going back to an economy where a couple could raise children, as well as buy a home and one car, on one income. We’ve fallen so far that couples can’t do that on two incomes.
We’re being reduced to Red Chinese peasants (though over there they have jobs).
Of course the stimulus failed. It was designed to fail. nobama's as happy as he can be. Cloward-Piven is working to perfection. Jobs? Individual independence? Self-reliance? Not while he's in the White House.
We hope for a change in November.
We either change in November or we're finished as a country. Period.
I know some posters here don't like Romney. Hell, I don't either. But at least he's NOT nobama.
What did Obama do today to create a job?
Seems illogical. They not only plan, but have created many a job. For their 'friends'. And not just any job, but 2nd and 3rd jobs that require no attendance or any work. The money for that has to come from somewhere, so a lot of 'common working class' jobs must be eliminated, but.... it's all in the interest of PROGRESS.
P.S. The White House just hired (at least) 80 CHEFS. so.... you know...
Hundreds of Czars, 80 CHEFS, and he had Hillary hire (temps) protesters in Cairo to storm the US Embassy.
And just think of all the jobs that are being created by Obama's new $35 million mansion in Hawaii.
Democrat DO have a plan - to KILL jobs. Obama-Care kills jobs. Here is how:
1. Excise Tax on Charitable Hospitals (Min$/immediate): $50,000 per hospital if they fail to meet new “community health assessment needs,” “financial assistance,” and “billing and collection” rules set by HHS. Bill: PPACA; Page: 1,961-1,971
2. Codification of the economic substance doctrine (Tax hike of $4.5 billion). This provision allows the IRS to disallow completely-legal tax deductions and other legal tax-minimizing plans just because the IRS deems that the action lacks substance and is merely intended to reduce taxes owed. Bill: Reconciliation Act; Page: 108-113
3. Black liquor tax hike (Tax hike of $23.6 billion). This is a tax increase on a type of bio-fuel. Bill: Reconciliation Act; Page: 105
4. Tax on Innovator Drug Companies ($22.2 bil/Jan 2010): $2.3 billion annual tax on the industry imposed relative to share of sales made that year. Bill: PPACA; Page: 1,971-1,980
5. Blue Cross/Blue Shield Tax Hike ($0.4 bil/Jan 2010): The special tax deduction in current law for Blue Cross/Blue Shield companies would only be allowed if 85 percent or more of premium revenues are spent on clinical services. Bill: PPACA; Page: 2,004
6. Tax on Indoor Tanning Services ($2.7 billion/July 1, 2010): New 10 percent excise tax on Americans using indoor tanning salons. Bill: PPACA; Page: 2,397-2,399
Taxes that took effect in 2011:
7. Medicine Cabinet Tax ($5 bil/Jan 2011): Americans no longer able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin). Bill: PPACA; Page: 1,957-1,959
8. HSA Withdrawal Tax Hike ($1.4 bil/Jan 2011): Increases additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged accounts, which remain at 10 percent. Bill: PPACA; Page: 1,959
Tax that took effect in 2012:
9. Employer Reporting of Insurance on W-2 (Min$/Jan 2012): Preamble to taxing health benefits on individual tax returns. Bill: PPACA; Page: 1,957
Taxes that take effect in 2013:
10. Surtax on Investment Income ($123 billion/Jan. 2013): Creation of a new, 3.8 percent surtax on investment income earned in households making at least $250,000 ($200,000 single). This would result in the following top tax rates on investment income: Bill: Reconciliation Act; Page: 87-93
*Other unearned income includes (for surtax purposes) gross income from interest, annuities, royalties, net rents, and passive income in partnerships and Subchapter-S corporations. It does not include municipal bond interest or life insurance proceeds, since those do not add to gross income. It does not include active trade or business income, fair market value sales of ownership in pass-through entities, or distributions from retirement plans. The 3.8% surtax does not apply to non-resident aliens.
11. Hike in Medicare Payroll Tax ($86.8 bil/Jan 2013): Current law and changes:
All Remaining Wages
Obamacare Tax Hike
Bill: PPACA, Reconciliation Act; Page: 2000-2003; 87-93
12. Tax on Medical Device Manufacturers ($20 bil/Jan 2013): Medical device manufacturers employ 360,000 people in 6000 plants across the country. This law imposes a new 2.3% excise tax. Exempts items retailing for <$100. Bill: PPACA; Page: 1,980-1,986
13. High Medical Bills Tax ($15.2 bil/Jan 2013): Currently, those facing high medical expenses are allowed a deduction for medical expenses to the extent that those expenses exceed 7.5 percent of adjusted gross income (AGI). The new provision imposes a threshold of 10 percent of AGI. Waived for 65+ taxpayers in 2013-2016 only. Bill: PPACA; Page: 1,994-1,995
14. Flexible Spending Account Cap aka Special Needs Kids Tax ($13 bil/Jan 2013): Imposes cap on FSAs of $2500 (now unlimited). Indexed to inflation after 2013. There is one group of FSA owners for whom this new cap will be particularly cruel and onerous: parents of special needs children. There are thousands of families with special needs children in the United States, and many of them use FSAs to pay for special needs education. Tuition rates at one leading school that teaches special needs children in Washington, D.C. (National Child Research Center) can easily exceed $14,000 per year. Under tax rules, FSA dollars can be used to pay for this type of special needs education. Bill: PPACA; Page: 2,388-2,389
15. Elimination of tax deduction for employer-provided retirement Rx drug coverage in coordination with Medicare Part D ($4.5 bil/Jan 2013) Bill: PPACA; Page: 1,994
16. $500,000 Annual Executive Compensation Limit for Health Insurance Executives ($0.6 bil/Jan 2013). Bill: PPACA; Page: 1,995-2,000
Taxes that take effect in 2014:
17. Individual Mandate Excise Tax (Jan 2014): Starting in 2014, anyone not buying qualifying health insurance must pay an income surtax according to the higher of the following
Exemptions for religious objectors, undocumented immigrants, prisoners, those earning less than the poverty line, members of Indian tribes, and hardship cases (determined by HHS). Bill: PPACA; Page: 317-337
18. Employer Mandate Tax (Jan 2014): If an employer does not offer health coverage, and at least one employee qualifies for a health tax credit, the employer must pay an additional non-deductible tax of $2000 for all full-time employees. Applies to all employers with 50 or more employees. If any employee actually receives coverage through the exchange, the penalty on the employer for that employee rises to $3000. If the employer requires a waiting period to enroll in coverage of 30-60 days, there is a $400 tax per employee ($600 if the period is 60 days or longer). Bill: PPACA; Page: 345-346
Combined score of individual and employer mandate tax penalty: $65 billion/10 years
19. Tax on Health Insurers ($60.1 bil/Jan 2014): Annual tax on the industry imposed relative to health insurance premiums collected that year. Phases in gradually until 2018. Fully-imposed on firms with $50 million in profits. Bill: PPACA; Page: 1,986-1,993
Taxes that take effect in 2018:
20. Excise Tax on Comprehensive Health Insurance Plans ($32 bil/Jan 2018): Starting in 2018, new 40 percent excise tax on Cadillac health insurance plans ($10,200 single/$27,500 family). Higher threshold ($11,500 single/$29,450 family) for early retirees and high-risk professions. CPI +1 percentage point indexed. Bill: PPACA; Page: 1,941-1,956