White House: Stimulus Bill Spending has Created or "Saved" 650,000 jobs - Page 2 - U.S. Politics Online: A Political Discussion Forum

Oreo · #16 (**permalink**) 2 Weeks Ago

Quote:

Originally Posted by EagleTed

Lowering all taxes would help, and allowing more liberal cap ex rules, if not allowing full deduction of capital expenditures would, no doubt in most minds, stimulated the economy.

If this President & congress would have done that immediately--we would not have an unemployment problem now.

AkDiesel · #17 (**permalink**) 2 Weeks Ago

Even if Congress had lowered taxes at the start and that is a very BIG IF, we most likely would still have a challenge with unemployment, most likely not has high, but still there.

Challenge is that Congress for years has been spending hand over fist for way to long. Congress has been doing that at the request of the people that send them there, more money for programs that sound good, but should not really have no place in government.

turnitup5000db · #18 (**permalink**) 2 Weeks Ago

Quote:

Originally Posted by Politico

The stock market overvaluation was part of this mess. And Wall Street Decisions result in way more lay offs than job creations.

And look where we are again. No way in hell the stock market should be at 10,000. The market was correcting itself, and both parties went crazy and decided to rebuild the bubble. We're going to be hit hard again fairly shortly here, within the next 2 years unless I miss my guess.

Should have just taken our lumps and gone with a tax credit for stimulus instead of bailing out massive companies. When the monetary velocity picks up again, we're going to have massive inflation, most likely sparking another big correction. Boom - inflationary depression. Massive layoffs. Stock market dives into the floor. It really will be the greatest economic crisis since the great depression.

And the people will look to the government, and the government will say something to the effect that we need more power over industry, and we can stop this from happening again, when in fact, all they need to do is stop intervening in corrections and stop counterfeiting money.

daddio · #19 (**permalink**) 2 Weeks Ago

I cannot believe the administration even bothered posting this.its an embarrassment despite the blatant lies. how stupid are these guys ?

we all knew that the tiotal lask of experience would put the administration in a very deep hole but I am surprised at their in aptitude. stupid as Biden is even he is not preventing them from gaffes like this which I thought he might.

Angry American · #20 (**permalink**) 2 Weeks Ago

Quote:

Originally Posted by Imperator

uhm, not quite;when you raise the FDIC ins. converge you inadvertently create more chances for banks to take risks and gambles as they use the expanded gap for secured money to offset the newer risk…..The Fed made that mistake crisis in the 80’s.

It would only be temporary, only during the time of restructuring the public debt while the banks were under government control, to protect individuals and business whom had deposits greater than the current FDIC coverage.

Angry American · #21 (**permalink**) 2 Weeks Ago

Quote:

Originally Posted by SamInTheSouth

Yeah, go ahead and kill all the investment that would go into rebuilding the economy. Brilliant idea.

The government would issue 5-10 year bonds in exchange for the tax. It would be more like a government loan. And bond holders could sell the bonds on the open market to gain access to their money sooner.

Quote:

Originally Posted by SamInTheSouth

That's the kind of thing they do in Communist nations.

Drastic times, call for drastic measures.

Angry American · #22 (**permalink**) 2 Weeks Ago

Quote:

Originally Posted by Oreo

I am an employer--business has to have demand or work before they are going to hire or retain workers. I had to laugh at Harry Reid--offering tax credits to employers that hire. Hire--hire for what. To sit around & twiddle their thumbs---

What the government should have done with the stimulus money is give business aka corporations a nice tax credit to expand their businesse's.

This administration started off on the wrong foot. Continually attacking the job creators of this country with continual threats of raising anyones taxes that made over 250K. 70% of these people are small business people--who will not expand their business--or hire for fear of a higher tax bracket. It's hard enough to keep a small business in black ink--they don't want the federal government all over them if they meet this 250K figure.

They should have lowered the corporate tax rate--which would have encouraged small business to borrow-expand & hire.

This is a great example of Reaganomics vs. Obamanomics. Trickle down economics has worked time & time again to get this economy moving. Obama's plan of building from main street up or flooding the basement is clearly not working.

There has never been a poor person that has employed another poor person.

Attachment 10096

You can't supply side yourself out of this problem. Why would businesses expand, with no demand for their business? If there are no consumers, there is no demand. Throwing money at businesses, wouldn't do anything to create consumers, if consumers are broke.

We already have a top down model in effect, and it isn't working.

What will spur grown are customers streaming through the doors of businesses buying their goods and services. Business should get their money from customers, not the government.

Tanngrisnir3 · #23 (**permalink**) 2 Weeks Ago

Quote:

Originally Posted by Angry American

You can't supply side yourself out of this problem. Why would businesses expand, with no demand for their business? If there are no consumers, there is no demand. Throwing money at businesses, wouldn't do anything to create consumers, if consumers are broke.

We already have a top down model in effect, and it isn't working.

What will spur grown are customers streaming through the doors of businesses buying their goods and services. Business should get their money from customers, not the government.

Obviously, you're talking to someone who runs a business.

Into the ground.

SamInTheSouth · #24 (**permalink**) 2 Weeks Ago

Quote:

Originally Posted by Angry American

You can't supply side yourself out of this problem. Why would businesses expand, with no demand for their business? If there are no consumers, there is no demand. Throwing money at businesses, wouldn't do anything to create consumers, if consumers are broke.

We already have a top down model in effect, and it isn't working.

I'd characterize it more like a revolving door. You're correct that businesses can't expand if nobody is shopping for their products, but nobody is shopping for their products if they aren't employed.

Angry American · #25 (**permalink**) 2 Weeks Ago

Quote:

Originally Posted by SamInTheSouth

I'd characterize it more like a revolving door. You're correct that businesses can't expand if nobody is shopping for their products, but nobody is shopping for their products if they aren't employed.

But they'd be employed if there were customers requiring their jobs.

Supply siders always say stuff like, poor people don't create jobs, which is pretty much the sum of their argument against a bottom-up approach. But poor people buy stuff, and that in turn starts the whole economic ball rolling, all the way up the chain.

Supply side economics is a black hole.

Oreo · #26 (**permalink**) 2 Weeks Ago

Quote:

Originally Posted by Angry American

But they'd be employed if there were customers requiring their jobs.

Supply siders always say stuff like, poor people don't create jobs, which is pretty much the sum of their argument against a bottom-up approach. But poor people buy stuff, and that in turn starts the whole economic ball rolling, all the way up the chain.

Supply side economics is a black hole.

Angry--all you need to do is look at what has happened. Right now--what was once considered "wealthy people" are shopping at Walmart. Probably a corporation that you have blasted in the past. The wealthy, if they still exist in this country, are scared to death. They're out there shopping for bargains.

There is an old saying: "People without wealth desire it, & ones that have wealth are in constant fear of loosing it."

Now when you have a current President & Congress that are constantly attacking the wealthy in this country--what would you expect the wealthy to do? Remember that their fear is loosing their wealth.

It's a no brainer to figure that they have moved their money & investment to other counties or stashed it under their mattresse's. For us that means very bad economic news. They are no longer investing in this country, they are no longer buying ships or airplanes made by this county & they are certainly not investing their money in green energy manufactured by & distributed in the USA.

It's really a no brainer

Swoop187 · #27 (**permalink**) 2 Weeks Ago

If the government really cared about the creation of jobs they would have started some hiring incentive program for businesses. They didn't do that for the simple fact they DON'T want to see the private sector or free market grow. Obama wants the government to hire people and the government to dictate the economy, not the free market.

Our government doesn't NEED MONEY, our economy needs to be stimulated and in order to make that happen people need jobs and need to spend their hard earned money from those jobs.

Now why the fuck DIDNT Obama start a hiring incentive program?

That would have been the cheapest route, would have cost tax payers next to NOTHING if anything at all and we would be seeing recovery by now..

The way Obama handled this problem clearly shows that he has ZERO interest in actually stimulating the economy. Obama is interested in stimulating the federal and state government NOT the free market economy.

Swoop187 · #28 (**permalink**) 2 Weeks Ago

To make matters worse the money that is being used to finance the state "development" programs via private contractors is totally conditional.

All these state contracts are being handed out via affirmative action rules. These jobs AREN'T on a first come first serve basis these jobs are based on a RACE basis.

This is where shit gets all fucked up, especially here in Illinois. These liberal politicians [Daley, Quinn etc] REFUSE to hand out ANY state contracts to companies that DON'T have enough black or latino employees, also in some case some contractors are being snubbed in favor of Black owned black employed contractors.

Its fucking insane.

With the state the economy is in this is no time to be playing fucking racial games.

Just hire people already, fuck race.

I believe if you want to work you should have a job under this stimulus program, Obviously work ethic has NOTHING to do with any of this and race does.

EagleTed · #29 (**permalink**) 2 Weeks Ago

Quote:

Originally Posted by Angry American

The government would issue 5-10 year bonds in exchange for the tax. It would be more like a government loan. And bond holders could sell the bonds on the open market to gain access to their money sooner.

Drastic times, call for drastic measures.

I actually like the idea of giving tax payers government bonds. Those selling for instant gratification at least know where the money is coming from (foreigners and our children). The more that sold would drive down the prices of T Bonds, making the interest rate much higher for those that didn't sell, and reflecting the true market value of interest, by-passing the Fed's abilities to dictate. Of course, the Fed would attempt to monetize the debts, but would be facing interest payments to the Treasury.

Melanie · #30 (**permalink**) 2 Weeks Ago

Quote:

Originally Posted by Angry American

The government would issue 5-10 year bonds in exchange for the tax. It would be more like a government loan. And bond holders could sell the bonds on the open market to gain access to their money sooner.

Actually they have already tried to sell bonds. No one bought them. The Federal Reserve wound up buying them for a fraction of the price of the bond. This is called monetizing our debt. It never ends well.

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode