Getbig Bodybuilding, Figure and Fitness Forums
Getbig Main Boards => Politics and Political Issues Board => Topic started by: Soul Crusher on September 12, 2011, 09:59:52 AM
-
http://www.businessinsider.com/obama-jobs-plan-would-raise-400b-in-taxes-cut-subsidies-2011-9
Schiff is right - Obama is a sad joke and is killing this nation.
-
..Obama proposing tax hikes to pay for jobs bill
By Richard Cowan and Kevin Drawbaugh, Editing by Sandra Maler |
Reuters – 17 minutes ago....tweet0EmailPrint. .....WASHINGTON (Reuters) -
President Barack Obama is proposing a series of tax increases, mainly on the wealthy, to help cover the cost of a $447 billion economic stimulus proposal, budget chief Jack Lew said on Monday.
Lew said Obama's plan would raise $400 billion over 10 years by placing new limits on itemized deductions for individuals making more than $200,000 a year and families earning more than $250,000.
The rest of the $467 billion in savings would come from raising a smattering of other taxes, including those on corporate jet owners and the oil and gas industry.
(Reporting by Richard Cowan and Kevin Drawbaugh, Editing by Sandra Maler)
________________________ ________________________ ____________________
LMAO. How dumb is this moron you jerkoffs voted for? good job morons!
...
-
More redistribution via the tax code.
Didn't work the first time and it won't work the second time or the third or fourth or.....you get the point.
-
More redistribution via the tax code.
Didn't work the first time and it won't work the second time or the third or fourth or.....you get the point.
What a farce. This is more of the same failed crap from obama that will only make things worse.
-
Got to love how Millionaires and Billionaires and jet owners includes someone making 200k a year in NYC or LA.
What a joke. Whoever still supports this disgraceful wretch and sleeper cell POTUS is as bad as him at this point.
-
wait a bloody second....
Ryan and cantor are 'sending it over to the CBO for evaluation"
But when the CBO gave us numbers that made obama look favorable, they were called partisan hacks who lie for obama.
So either getbiggers were a-hole wrong about this - or - paul ryan is in on the secret plan to sink america.
which is it, getbig?
-
wait a bloody second....
Ryan and cantor are 'sending it over to the CBO for evaluation"
But when the CBO gave us numbers that made obama look favorable, they were called partisan hacks who lie for obama.
So either getbiggers were a-hole wrong about this - or - paul ryan is in on the secret plan to sink america.
which is it, getbig?
Go review Skips rules fool.
If Schiff says its a pile of shit and Obama is intent on collapsing the American Dream, thats good enough for me.
Keep worshiping at the altar of krugman, obama, goolsbee, lie, geithn er, all you like, the rest of us know better.
-
Go review Skips rules fool.
lol
I am not surprised by this. Not one bit. All those individuals and small businesses earning above an arbitrary figure Obama pulled out of his rear must pay their "fair share."
-
Obama again showing he is not serious at all.
-
Is the CBO credible?
Yes or no?
-
..Obama proposing tax hikes to pay for jobs bill
By Richard Cowan and Kevin Drawbaugh, Editing by Sandra Maler |
Reuters – 17 minutes ago....tweet0EmailPrint. .....WASHINGTON (Reuters) -
President Barack Obama is proposing a series of tax increases, mainly on the wealthy, to help cover the cost of a $447 billion economic stimulus proposal, budget chief Jack Lew said on Monday.
Lew said Obama's plan would raise $400 billion over 10 years by placing new limits on itemized deductions for individuals making more than $200,000 a year and families earning more than $250,000.
The rest of the $467 billion in savings would come from raising a smattering of other taxes, including those on corporate jet owners and the oil and gas industry.
(Reporting by Richard Cowan and Kevin Drawbaugh, Editing by Sandra Maler)
________________________ ________________________ ____________________
LMAO. How dumb is this moron you jerkoffs voted for? good job morons!
...
that really isn't that bad. The middle class should be given tax breaks and the ultra rich should pay more, there are numerous billion dolllar corporations paying nothing, thats not fair is it? empower the middle class and you will have the economy back, they force demand as ive been saying which will cause the rich to increase produce and jobs for this demand. Trickle down economics or horse and sparrow economics does not work. Keynesian economics on the other hand is well established.
-
I just wnat to know - the next time the CBO releases something that makes obama look good - and getbiggers get all mad dog CTer on it...
Why in the freakin world is Paul Ryan working with them - if they output corrupt data to assist obama? Answer this.
-
Keynsianism is a failure 10x over. Next.
-
Keynsianism is a failure 10x over. Next.
failure to answer the Q?
IS THE CBO A CREDIBLE DEPT? Yes or no?
-
Yawn. We tried this crap already. It failed before and will fail again. When given the choice of who to believe - obama or schiff - the choice is clear.
-
nevermind - I see from your past posts that you used the CBO all the time during the obamacare debate.
You obviously believe them to be a credible source, or you woulnd't have used them.
Sorry for my confusion. They are credible - you and Paul Ryan alike use them. Any results they have - making obama look good or bad - are valid by the standards of both you and Paul ryan. Cheers.
-
Yawn. We tried this crap already. It failed before and will fail again. When given the choice of who to believe - obama or schiff - the choice is clear.
neither is the CBO. But while you refuse to answer, it's cool - you cite the CBO stats quite often. A man would never cite a source he doesn't consider valid.
-
Keynsianism is a failure 10x over. Next.
you clearly don't know economics, most countries follow it's outline and it is probably the most reviewed economic theory in history.
-
you clearly don't know economics, most countries follow it's outline and it is probably the most reviewed economic theory in history.
Show me one country where this type of idiocy is working. just one.
-
nevermind - I see from your past posts that you used the CBO all the time during the obamacare debate.
You obviously believe them to be a credible source, or you woulnd't have used them.
Sorry for my confusion. They are credible - you and Paul Ryan alike use them. Any results they have - making obama look good or bad - are valid by the standards of both you and Paul ryan. Cheers.
Do we need to do this again?
240 - you are a joke.
You thought the stim bill would work - FAIL
Ron Paul is against this - FAIL
-
i asked you about the credibility of the CBO. You refused to answer and came back by bashing obama.
everyone here knows that you like theCBO when you agree with them (and use their stats) and you attack their credibility when you dont like their findings.
-
i asked you about the credibility of the CBO. You refused to answer and came back by bashing obama.
everyone here knows that you like theCBO when you agree with them (and use their stats) and you attack their credibility when you dont like their findings.
The CBO goes based on what they are fed by the pols - garbage in garbage out.
-
you clearly don't know economics, most countries follow it's outline and it is probably the most reviewed economic theory in history.
::) ::)
Yeah - I have no clue. Whatever. Please show me even one Keynsian witch doctor who has been right about anything?
-
The CBO only scores the numbers it is given.
-
The CBO only scores the numbers it is given.
Don't bother - anything whatsoever that derails 240 from his Obama worship gets ignored. remember 240 - was the clown it took 18 months to admit the stim bill was a failure.
CBO goes based on the nonsense fed to it by the politicians. Paul Ryan embarassed and schooled obama on this at the summit and FailBama had no response whatsoever.
Sadly the obamabots like 240 et al wont understand what is being said in this clip.
-
Paul Ryan once again destroys Obama lies and bullshit.
-
lol at personal attacks
-
lol at personal attacks
You should be personally attacked if after 3 years you are still shilling for obama's failed policies. I have no issues with anyone attacking you personally for still engaging in Operation Kneepad.
-
240, necrosis, Straw, et al - can you tell me one thing you disagree with?
-
You should be personally attacked if after 3 years you are still shilling for obama's failed policies. I have no issues with anyone attacking you personally for still engaging in Operation Kneepad.
-
Obama proposes tax hikes on wealthy to pay for $447B jobs bill
By Sam Youngman - 09/12/11 02:16 PM ET
The White House said Monday that President Obama wants to pay for his $447 billion jobs bill by raising taxes on the wealthy and businesses.
Jack Lew, director of the Office of Management and Budget (OMB), said the tax hikes would pay for Obama’s entire bill, which the administration is sending to Congress Monday evening.
The chief provision announced by Lew would be to limit itemized deductions for individuals who make more than $200,000 a year and families that make more than $250,000, something the Obama administration has previously pushed to do through its budget proposals. Lew told reporters at the White House press briefing that this would raise about $400 billion.
The administration would tax the income investment fund managers make, known as “carried interest,” as regular income instead of as capital gains, which has a low 15 percent tax rate. This is another longstanding administration goal that has been resisted by Wall Street as well as some Democrats.
The administration estimates the capital gains change would provide $18 billion in revenue.
The administration also wants to eliminate tax breaks for the oil-and-gas sector, which would raise $40 billion, the administration said.
--------------------------------------------------------------------------------
More from The Hill:
♦ Obama produces jobs bill, wants it passed ‘immediately'
♦ Video: Obama asks voters to pressure Congress
♦ Obama sending jobs bill to Congress Monday
♦ Boehner wants CBO to score jobs plan quickly
♦ DNC launches ad campaign for Obama jobs plan
--------------------------------------------------------------------------------
Another $3 billion would come from changing the way corporate jets depreciate. With a few other revenue increases, Lew indicated the total measures proposed by the administration would bring in $467 billion, $20 billion more than the cost of the bill.
Obama is expected next Monday to formally unveil his recommendations to the supercommittee created by the debt-ceiling deal. That panel of 12 lawmakers is charged with cutting $1.5 trillion from the 10-year budget.
Obama will challenge them to “overachieve” and cut more from the deficit, including enough to pay for the jobs bill, if necessary, according to White House press secretary Jay Carney.
“The president is asking Congress to make choices,” Carney said.
Lew and Carney said that Obama is hopeful that the supercommittee will overshoot its goal of cutting the deficit by $1.5 trillion, but the president is sending Congress a bill that is paid for now because of the urgency to get the economy moving.
“It can't wait until Thanksgiving and it can't wait until Christmas,” Lew said.
Republicans pointed out that the proposal on itemized deductions had run into resistance even during the last Congress, when Democrats held large majorities in both chambers.
“It would be fair to say this tax increase on job creators is the kind of proposal both parties have opposed in the past," Michael Steel, a spokesman for House Speaker John Boehner (R-Ohio), said in a statement. "We remain eager to work together on ways to support job growth, but this proposal doesn’t appear to have been offered in that bipartisan spirit."
The White House dug in on its refusal to say how many jobs the package would create, pointing instead to an estimate from Moody’s that said the bill would create about 1.9 million jobs.
Lew noted that he was not a part of Obama’s economic team when National Economic Council director Christina Romer and Vice President Biden's former chief economist Jared Bernstein said that the original stimulus package would reduce unemployment to below 8 percent.
After months of being reminded by Republicans that the recovery act did not cut unemployment, which is now at about 9 percent, Lew said he thinks it is “dangerous to ever predict unemployment rates.”
This story was posted at 1:23 p.m. and updated at 2:16 p.m.
Source:
http://thehill.com/homenews/administration/180927-obama-proposes-tax-hikes-on-wealthy-business-to-pay-for-447b-jobs-bill
Does anyone in their right mind believe that taking $00 billion from those who make over 200k a year and giving it to the govt and to people who are are on UI is going to do anything?
-
If their debt is in check, a family making 200k is obviously better off than one that makes far less. But, I get the impression that there's the perception that those families are all sending their kids to private school, driving multiple Mercedes, and jetting off to Italy twice a year. The math doesn't let it work that way.
-
September 12, 2011
White House proposes to pay for jobs bill with tax increases
The White House today is proposing to pay for its new jobs bill entirely with tax increases.
It proposes these tax increases:
--Limiting itemized deductions for incomes above $200,000 and family incomes above $250,000. Total: $400 billion over 10 years;
--Treat carried interest as ordinary income rather than as capital gains. Total: $18 billion;
--Raises taxes on oil and gas. Total: $40 billion
--Increase taxes on corporate jets. Total: $3 billion.
Posted by Steve Thomma at 12:36 PM in Barack Obama, Congress, Economy, Taxes | Permalink
TrackBack
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d83451c64169e2014e8b7d99a6970d
Read more: http://blogs.mcclatchydc.com/washington/2011/09/white-house-proposes-to-pay-for-jobs-bill-with-tax-increases.html#ixzz1Xm1wgAYJ
________________________ ________________
So basically all this is is a tax hike and little ele.
Fuck obama and everyone who voted for this.
-
If their debt is in check, a family making 200k is obviously better off than one that makes far less. But, I get the impression that there's the perception that those families are all sending their kids to private school, driving multiple Mercedes, and jetting off to Italy twice a year. The math doesn't let it work that way.
Family of 4 in NYS making 200k a year is middle class at best.
Obama and his communist thug supporters are trying to use this hoax as a tax increase and little else.
You know what i really am not blaming obama as much anymore as those who voted for him and those who plan on doing so again. If anyone who voted for this radical freak show admn does not get it yet how the policies are intended to collapse the nation, than they deserve to go down with this ship first before anyone else.
-
Same shit, different day with this clown. He's got nothing. Firing blanks.
The first $800 billion was such a success that it only makes sense to give him another $500 billion to waste. Fuck yeah, more transfer of wealth to the thug unions and other Democratic supporters like Solyndra!
Pass.
Obama =
(http://1.bp.blogspot.com/_E5tv7Vm0fsY/TLzFjB74OvI/AAAAAAAAATU/LpgJ1s6a0b4/s1600/broken-record-765056.jpg)
-
More obama lies. Nothing new.
-
More obama lies. Nothing new.
If the first $800 billion did nothing why should anyone expect $500 billion (a smaller amount) to do anything? Factor in the disasters like Solyndra and you'd have to be one stupid fuck to support this. Hi, Team Dildo!
-
240 do you think it was right for obama and the dems to manipulate the numbers they presented to the CBO on obamacare?
you see you have to take things at more than face value. you have to ask yourself why things are the way they are.
like why does 240 continue to deepthroat obama day in and day out?
-
So you're going to suck money and capital out of the private sector and then put it back into the private sector after it has been diluted and filtered through countless government bullshit.
So you're going to suck money/capital out of the private sector and out of more productive hands and then dole it out to people who have been on U.E. insurance for more than 99 weeks?
How is this sane and considered good policy?
-
240 do you think it was right for obama and the dems to manipulate the numbers they presented to the CBO on obamacare?
No.
-
No.
you did know they manipulated the numbers correct?
dont answer that its a rhetorical question...
since you did, why are questioning anybody calling their assesment based on those numbers?
-
So you're going to suck money and capital out of the private sector and then put it back into the private sector after it has been diluted and filtered through countless government bullshit.
So you're going to suck money/capital out of the private sector and out of more productive hands and then dole it out to people who have been on U.E. insurance for more than 99 weeks?
How is this sane and considered good policy?
Got to love Obamanomics. He doesn't care about how good of a policy is. It's all about extending his control over this country and transferring wealth from the private sector to his union thugs and cronies.
-
Well, guess we now know why the "specific jobs speech" turned into an "outline".
lol, what a surpris..oh wait.
-
Well, guess we now know why the "specific jobs speech" turned into an "outline".
lol, what a surpris..oh wait.
This plan is bullshit. Team Downgrade has said that every $1 in food stamps returns $1.84 to the economy so we might as well stop pussyfooting around these "job plans" and just put the entire country on foodstamps.
SNAPing our way to prosperity!
-
Obama to Tout Jobs Act at Donor's Company
3:13 PM, SEP 12, 2011 • BY MICHAEL WARRENSingle PagePrintLarger TextSmaller TextAlerts
President Barack Obama will tout his American Jobs Act at WestStar Precision, a small business run by a donor to the president's inaugural, in Apex, North Carolina on Wednesday, September 14. WestStar’s president, Ervin Portman, is a Democratic county commissioner for Wake County who donated $1,000 to the Obama inauguration fund. Portman also donated through Act Blue, a progressive PAC, toward the successful 2008 campaign of Senator Kay Hagan (D-N.C.).
According to the White House press office, WestStar is a company “that will benefit from the bipartisan proposals in the American Jobs Act.” Obama’s tour of the company’s 10,000-square foot office and warehouse will be followed by a speech at North Carolina State University in Raleigh, where the president will continue to urge that Congress pass his plan.
WestStar describes itself as “rapidly growing contract manufacturer of precision devices, components, and assemblies for commercial and industrial applications.” The company uses water jet and laser technology to cut through material for everything from electro-mechanical equipment to laboratory hardware. Besides the facility in North Carolina, the company has a similarly-sized warehouse in San Jose, Costa Rica, which is “designed for high volume production to support our international and domestic clients.”
Bump for 240.
-
Free Republic
Browse · Search Pings · Mail News/Activism
Topics · Post Article
Skip to comments.
Obama Would Raise Taxes To Pay For His Jobs Bill
AP via Yahoo News ^ | 12 Sept 2011 | Erica Werner
Posted on September 12, 2011 10:54:39 PM EDT by edpc
WASHINGTON (AP) — In a sharp challenge to the GOP, President Barack Obama proposed paying for his costly new jobs plan Monday with tax hikes that Republicans have already emphatically rejected. The reception to his new proposal was no more welcoming, setting the stage for a likely new fight with Congress.
Flanked at the White House by workers he said the legislation would help, Obama declared, "This is the bill that Congress needs to pass. No games. No politics. No delays." He sent it to Capitol Hill saying, "The only thing that's stopping it is politics."
(Excerpt) Read more at news.yahoo.com ...
-
you did know they manipulated the numbers correct?
dont answer that its a rhetorical question...
since you did, why are questioning anybody calling their assesment based on those numbers?
can I get a bump?
-
can I get a bump?
BUMP
-
Top Ten Reasons Why No Republican Can Vote for the American Job-Killing Act
Illinois Review ^ | September 13, 2011 A.D. | John F. Di Leo
Liberal pundits are already lapping up the cream that the president poured into their little saucers, in parroting his claim that Republicans who oppose his new “Jobs Bill” do so because they don’t want to help him win re-election next year. Shameful. Just because the Democrats gauge decisions on how they are expected to influence elections doesn’t mean that Republicans are so irresponsible. Too much projection on their side of the aisle, methinks…
While fear of helping Obama is obviously not a good reason to oppose the American Jobs Act – in fact, Republicans have supported the (tragically few) good things that Obama has proposed, regardless of whether or not they would help him politically – there are plenty of very good reasons to oppose this latest boondoggle and its deceptive $447 billion price tag.
1. Class Envy.
This bill institutionalizes the Democratic Party tradition of setting the unemployed against the employed, the paycheck class against the super rich. The flaw here is of course that we are a capitalist nation with flexible income levels, not the permanent classes of the feudal era to which the Marxists want us to return.
The poor of a decade ago could be the rich of today; the rich of a decade ago could be today’s struggling unemployed. This bill therefore asks Americans to cannibalize themselves, to rob from their neighbors, their future selves, their own children and grandchildren. Exactly the wrong approach for this greatest nation on God’s green earth.
2. Negative Offsets.
There is good in this bill – not much, just a bit – but the way it’s designed, virtually every good piece is offset by a commensurate bad piece. And the bad is invariably more significant, more destructive, than the good. Details below.
3. The Free Trade Trade-off.
Let’s begin with Free Trade Agreements. FTAs are Customs-enforced programs in which manufacturers are rewarded for local sourcing and local manufacturing. Make a product here, and it might qualify for reciprocal duty-free benefits; make it by using too much outsourced foreign components, and it won’t rise to the level of qualifying for these deals.
These FTA programs have been successful for over 25 years, with partners as small as Israel and as large as Canada. We currently have FTAs in place with almost twenty countries, and they work great.
But in exchange for supporting passage of the next three FTAs (with South Korea, Colombia, and Panama), our Trader In Chief has affixed quite a price tag: the vague, costly, and outrageous new boondoggle of a new federal program to support anyone who claims that they “lost their jobs due to foreign competition.”
How do you draw such lines in the modern economy? The federal government simply must not insert itself in the market that way… right down to level of each specific job itself. If Obamacare is a violation of the Commerce Clause (and yes, it is), then so too is this!
4. The Temporary Payroll Tax Cut.
For fifty years, Americans have dreaded the day when Social Security Tax receipts would drop below obligations, turning this “pay as you go” Ponzi scheme into a “borrow as you go” program instead. Halving the payroll tax removes even the fiction that there’s any true investing going on, as the process of trading cash for IOUs comes to an end. No cash, no IOUs, just another giant step along the road to collapse.
Should the Social Security program be reformed, amended, rethought? Certainly. But should the funding mechanism be halved or even quartered with no change to its cost structure at all, as our Investment Advisor In Chief now proposes, accelerating the date of Social Security’s complete negative transformation? Certainly not.
5. The Corporate Tax Credit for Hiring the Long-Term Unemployed.
Rarely in any bill is there so much less that meets the eye. Our generous Personnel Director In Chief has dreamed up a $4000 tax credit for a company that hires someone who was unemployed for at least six months.
This one-time figure would reduce the cost of a typical $50,000/year employee by about 5% the first year (after hiring, training, and benefit costs are factored in), which is less than 1% over the course of a typical five-year employment.
Does anyone believe that a responsible company would allow such a miniscule tax credit to influence their hiring practices? Should they? I’d sell my stock in any that did.
6. The Federal Construction Fraud.
Our noisy Jackhammer In Chief would have us believe that federal funding enables states, counties, cities and towns to tear up and rebuild more roads than would be rebuilt without those federal funds.
The truth is, when you take the king’s shilling, you must dance to the king’s tune, which in this context means Davis Bacon.
Ethics advances over the past century have usually resulted in governmental requirements to bid out construction projects, mandating that the lowest legitimate bid be accepted, to keep the costs low and the chance of kickbacks even lower.
Davis Bacon clauses (originally written a century ago to support the unions at the expense of minorities; go figure) require that you jettison those low bids, and only accept bids that pay union scale!
Since labor is usually the costliest part of a project (gravel is cheap, people aren’t), this often-doubling of the labor rate means that accepting federal money can nearly double the cost of the project. So when the feds chip in for half, it doesn’t end up saving the locals a penny; it just makes a few pols happy, rewards a few shop stewards, and as always… adds to the national debt.
7. The Productivity Drain.
There’s another aspect of the road construction mania that you and I think about, but which rarely enters the bureaucrats’ minds. Traffic congestion.
When a highway is rebuilt, lanes are closed and rerouted for months and months, sometimes even for a year or more. This drops the speed limit by five, ten, even twenty mph for as long as that stretch of construction lasts.
Have you ever been on a long distance trip, losing an hour or two of travel time due to such lane closures? Well, so have the truckers who transport goods to market. So have the salesmen traveling between sales calls. So have shoppers traveling between stores. So do hard working folks who moonlight, catching an evening job or weekend job if they can fit it in to help ends meet.
Both your car and those huge delivery trucks get worse fuel mileage as they idle in the closed lane or soft shoulder, awaiting the green flag from the road crew to go on. Your vacation costs more, your commute costs more, your goods cost more, because the fuel cost and transportation time go up every time there’s a road project, and all must be calculated into the price, into your costs, into both.
This contributes to inflation, to waste of our precious fossil fuels (just threw that in, in case any environmentalists are reading), and it diminishes the number of sales calls that those salesmen can make.
Where we truly must rebuild a road because the road bed is unsafe, sure, rebuild. If it’s really needed, the local government must find a way to do it; that’s their job.
But most of the time, particularly during a recession, when productivity is so very critical, we should tell our Asphalt Pourer In Chief to leave his orange vest at home; we really, truly are much better off just patching those potholes for a couple more years, not ripping up the highway for an extended period and slowing down everybody’s lives.
8. The Teachable Moment.
This president claims that investing in education is a great stimulus, and we need it Now Right Now. It’s Urgent. Can’t Wait!!! (a conclusion he apparently came to sometime in the middle of a vacation he had carefully sandwiched between two other vacations).
But when selecting an investment, the wise man considers its maturity schedule. There’s the six month CD, the five year bond, the ten year bond… any number of choices. If a stimulus program is to help us Now Right Now, then surely our Professor In Chief expects the spending to pay off right away, right?
Well, when will these successfully-taught eight-year-olds begin to contribute to the economy?
Unless there’s an earthshaking change to the child labor laws buried deep in this bill that nobody’s noticed, this investment is the most long-term of them all. The children who might benefit from it won’t be entering the workforce, better trained and better prepared, for another five, ten, fifteen years.
Not to say they shouldn’t get a good education, but honestly… this federal money is just a gift to the teachers’ unions, isn’t it? Of course it is.
It’s just federal money to fund local jobs, so that when the federal money runs out in a year and the local school boards have to let go the insupportable additional staff, the locals get the blame. None of them will remember that their jobs are temporary only because of the man in the White House.
9. The Price Tag Lie.
The announcement is that the bill costs $447 billion, but we shouldn’t worry, because it’s totally paid for. Well, is it now?
In fact, the president has proposed “paying for” all this new spending by raising taxes… which means that it’s not paid for at all.
In December, 2010, less than three short and painful financial quarters ago, the Tax Collector In Chief acknowledged that a recession is the worst time to raise taxes, so he supported the extension of the various packages of tax cuts from George W. Bush’s first term.
How then can he propose a massive tax increase on America’s businesses, on America’s employers, on the people and companies we need to buy, build, and create things, now of all times? How can he watch months of stock market declines, of every indicator collapsing, and propose a tax increase in good conscience?
Easy: either his inconsistency is born of an utter lack of economic comprehension, or President Zero has no conscience at all. In fact, when you add deficit spending, it will cost far more than the posted amount, because of the added cost of paying over time. This bill will cost a trillion or more over the next generation, and the bad points in it will be depressing economic growth for generations as well.
10. The Business Community.
In the end, the main reason to reject the president’s plan is simply this: What we need in this economy is real private sector economic growth – the creation and expansion of businesses of all kinds – and this bill won’t produce any.
In fact, its combination of tax increases, funding shifts, make-work jobs, and new bureaucracies would just do even more to quell the growth we so desperately need.
When people have jobs, they don’t need unemployment insurance checks, food stamps, or government programs. What we really need is to stop driving our manufacturing offshore; we need to stop scaring all the innovators out of putting their energy into a startup here in their own country!
If we really want to fix this nightmare of an economy (and yes, the conservatives, at least, really do), the solutions are easy, and everyone knows what they are.
• The EPA needs to stop standing in the way of energy production. Start drilling in the Gulf, in ANWR, in the Bakken Oil Fields. Jump on the bandwagon of the pipeline projects to carry Canadian oil sands to market. Ease up on the restrictions that have kept the United States from building a new refinery in thirty years. Only greater energy production on our part will help us wrest the upper hand away from OPEC, at least for our own economy.
• Businesses don’t react to temporary tax reductions. They operate as they must, in a five, ten, even twenty year window. You don’t build a factory or even add a wing to an existing one if you know you’ll probably have to shut it down in a year. So we need to stop the temporary tax meddling – stop it forever – and what we do change, we must change with the intent of permanence. A permanent cut in the effective corporate income tax rate to 11% or so would do the trick; heck, a cut to 20% would at least be a great start.
• While trade unions have certainly had a place in our history, for the past two generations they have done more to drive employers out of business than to help them be productive and successful for the mutual benefit of stockholder and worker alike. The number of factories driven off our shores by their avaricious, shortsighted unions is legendary, having left a myriad of shuttered factories in their wake since the 1960s, especially across the former industrial heaven of the rust belt. The wonderful productivity advances of recent decades, from automation to management tools like sophisticated ERP systems and quality programs like Six Sigma, should make the United States a manufacturing heaven again; there’s no reason why the world’s next USA shouldn’t be the USA! But it cannot be as long as the National Labor Relations Board can ban an American manufacturer from building and using its own factory, as it recently did to Boeing… or as long as manufacturers must fear that “card check” and other pro-crime tools will be given to the unions to enable violence against their employees. The Department of Labor must be reined in or abolished outright if we are ever to hope for an employment renaissance in the blue collar sector.
• As healthcare continues to improve, the cost of providing it continues to climb, especially since the passage of Obamacare. This monstrous violation of our Framers’ design for our government – this outrageous manifestation of the inability of the left to understand either economics or human nature – must be repealed, and be replaced by something along the lines of Rep. Paul Ryan’s family of reforms, as soon as possible.
• In the end, it all comes down to the great trio of taxes, spending, and regulations. Where the president advocates the utter economic violence that increasing these three must cause, the economy knows that what we need is the exact opposite: lower tax rates, less government spending, and curtailing regulations. Only permanent reductions in these three spheres will enable our nation to thrive again, to again be the economic powerhouse that our Founders meant for us to enjoy.
All we need is for Congress to have the good sense to jettison the president’s plan, then pass the right measures instead, and force the president to sign it. The invisible hand of the economy will take care of us, once we unlock the handcuffs that hold it down.
Doing the right things really shouldn’t be difficult. Sadly, the right things are just rather alien to a president – and his party – who are themselves so very alien to the American experience, the American culture, and the American Way.
Copyright 2011 John F. Di Leo
John F. Di Leo is a Chicago-based Customs broker and trade compliance lecturer. He has spent a career watching companies move production lines to foreign shores because their communities, their unions, and their government drove them off. And it’s high time we evicted those responsible for this job drain from the halls of government, once and for all.
Permission is hereby granted to forward freely, provided it is uncut and the byline and IR URL are included. Follow me on LinkedIn and Facebook!
http://illinoisreview.typepad.com/illinoisreview/2011/09/top-ten-reasons-why-no-republican-can-vote-for-the-american-job-killing-act.html
--------------------------------------------------------------------------------
-
Obama's Jobs Bill Would Hit Munis (municipal bond tax deductions for "wealthy")
Barron's ^ | September 13, 2011 | RANDALL W. FORSYTH
Municipal bonds have always been synonymous with tax-free income. That would end if President Obama gets his way.
Under the jobs bill the President sent to Congress Monday, high-income individuals and families would no longer receive interest from state and municipal bonds free completely from federal income taxes, beginning in 2013. The legislation would also reduce the value of tax deductions for taxpayers in the highest bracket.
Specifically, individuals earning over $200,000 and families earning over $250,000 would effectively have the value of tax breaks against the top 35% bracket lowered to the 28% bracket.
(Excerpt) Read more at online.barrons.com ...
-
The Cost Of Obama's Stimulus Plan: $312,500 Per Job (Vote) Created Or Saved (And Guess Who Is Paying It)
Submitted by Tyler Durden on 09/12/2011 20:19 -0400
Gross Domestic Product White House
For those eager to put some math to the rhetoric coming from the White House over the president's jobs creation plan, and that should be everyone, here is a quick and dirty estimate based on the numbers being thrown around of a 2% GDP increase in year 1 and 1.9 million jobs created or saved... most saved, as in those you can't really quantify. Said otherwise, roughly a $300 billion increase in GDP yields 1.9 million jobs. So far so good. Now since the president is proposing to pay for the program over 10 years, let's assume the $475 billion in direct expenses is financed for 10 years at 2.5% which adds roughly $120 billion to the total cost of the program. In other words, as the calculations detailed and show below elaborate, the overall AJA plan will cost $250,000 per job created (excluding the interest expense) and $312,500 per union job, er job created (including interest). And that's how much it costs for Obama to purchase one vote... created or saved. Keynesian efficiency strikes like a Swiss watch yet again.
As for the just as troubling question of who ends up footing the bill of this "fully paid" for stimulus act, here are the details.
Earlier today, the OMB director Jack Lew gave some so far largely missing information when he laid out how the president plans on paying for the Stimulus Act (http://www.c-spanvideo.org/program/WhiteHouseDailyBriefing1719). Specifically, Obama and his advisors believe they are "over achieving" by raising more ($467 bn) over 10yrs to pay for the jobs package now.
So on an annual basis, tax increases will be as follows: (86% limit of itemized deductions, 4% hedge fund managers, 8.6% oil & gas, 0.6% Corp Jets)
Per Year (Beg Jan 2013)
1) Itemized Deductions (ie $250k or higher income $40.0 bn
2) Hedge Fund managers $ 1.8 bn
3) Oil & Gas Industry $ 4.0 bn
4) Corp Jet Depreciation $ 300 mm
The answer: THE JOBS BILL WILL BE PAID FOR EXCLUSIVELY BY TAX INCREASES (NO SPENDING CUTS)
(1) Limit on Itemized Deductions for those making above $200k & Families above $250 k ==> will raise $400 bn over 10yrs ($40 bn/yr) (because you know anyone making over $200k is very wealthy)
(2) Taxing Carried Interest as Ordinary Income ==> will raise $18 bn over 10yrs ($1.8 bn / yr)
(3) Removing Oil & Gas Industry tax breaks ==> $40 bn over 10yrs ($4 bn / yr)
(4) Removing the favorable depreciation for Corp Jets (currently 5 yr depreciation) so it is the same as Commercial Jets (7yr depreciation) ==> $3 bn over 10yrs ($300 mm per yr)
So, Keynesian effiency aside where the IRR on any new job creation is so negative our excel #Refs out, our far more important question is... how does anyone think this proposal has any hope of passage in a Republican controlled House?
Courtesy of John Poehling
Average:
4.95
Your rating: None Average: 5 (20 votes)
www.zerohedge.com
-
you clearly don't know economics, most countries follow it's outline and it is probably the most reviewed economic theory in history.
Show me one country where this type of idiocy is working. just one.
No answer yet?
By the way, Keynesian economic theory has been reviewed and it has been shown many times to be nothing but crap.
-
Source: Bloomberg
President Barack Obama proposed curbing the amount of interest from municipal bonds that top earners can exclude from their taxable income, a step that may diminish demand for state and local-government securities.
The president’s $447 billion job-creation plan would pare the tax break for municipal-bond interest to 28 percent for couples earning more than $250,000 a year. Such tax-exempt interest is currently worth 35 percent for earners in the top tax bracket because that’s the amount they would otherwise have to pay on their income.
Any move to limit the tax advantage for municipal securities would face resistance from local-government officials because the break bolsters demand for their debt, lowering the interest rates they pay when borrowing for public works. Investors in the $2.9 trillion market for municipal bonds are willing to accept lower returns because the income isn’t taxed.
“We’re very much opposed” to limiting the tax exemption, said Mike Nicholas, chief executive of the Bond Dealers of America, a Washington-based lobbying group for banks that underwrite municipal bonds. “You’re going to end up punishing state and local governments.”
Read more: http://www.bloomberg.com/news/2011-09-12/obama-jobs-pla...
________________________ ________________
This farce of a bill is going nowhere.
-
The Cost Of Obama's Stimulus Plan: $312,500 Per Job (Vote) Created Or Saved (And Guess Who Is Paying It)
Submitted by Tyler Durden on 09/12/2011 20:19 -0400
Gross Domestic Product White House
For those eager to put some math to the rhetoric coming from the White House over the president's jobs creation plan, and that should be everyone, here is a quick and dirty estimate based on the numbers being thrown around of a 2% GDP increase in year 1 and 1.9 million jobs created or saved... most saved, as in those you can't really quantify. Said otherwise, roughly a $300 billion increase in GDP yields 1.9 million jobs. So far so good. Now since the president is proposing to pay for the program over 10 years, let's assume the $475 billion in direct expenses is financed for 10 years at 2.5% which adds roughly $120 billion to the total cost of the program. In other words, as the calculations detailed and show below elaborate, the overall AJA plan will cost $250,000 per job created (excluding the interest expense) and $312,500 per union job, er job created (including interest). And that's how much it costs for Obama to purchase one vote... created or saved. Keynesian efficiency strikes like a Swiss watch yet again.
As for the just as troubling question of who ends up footing the bill of this "fully paid" for stimulus act, here are the details.
Earlier today, the OMB director Jack Lew gave some so far largely missing information when he laid out how the president plans on paying for the Stimulus Act (http://www.c-spanvideo.org/program/WhiteHouseDailyBriefing1719). Specifically, Obama and his advisors believe they are "over achieving" by raising more ($467 bn) over 10yrs to pay for the jobs package now.
So on an annual basis, tax increases will be as follows: (86% limit of itemized deductions, 4% hedge fund managers, 8.6% oil & gas, 0.6% Corp Jets)
Per Year (Beg Jan 2013)
1) Itemized Deductions (ie $250k or higher income $40.0 bn
2) Hedge Fund managers $ 1.8 bn
3) Oil & Gas Industry $ 4.0 bn
4) Corp Jet Depreciation $ 300 mm
The answer: THE JOBS BILL WILL BE PAID FOR EXCLUSIVELY BY TAX INCREASES (NO SPENDING CUTS)
(1) Limit on Itemized Deductions for those making above $200k & Families above $250 k ==> will raise $400 bn over 10yrs ($40 bn/yr) (because you know anyone making over $200k is very wealthy)
(2) Taxing Carried Interest as Ordinary Income ==> will raise $18 bn over 10yrs ($1.8 bn / yr)
(3) Removing Oil & Gas Industry tax breaks ==> $40 bn over 10yrs ($4 bn / yr)
(4) Removing the favorable depreciation for Corp Jets (currently 5 yr depreciation) so it is the same as Commercial Jets (7yr depreciation) ==> $3 bn over 10yrs ($300 mm per yr)
So, Keynesian effiency aside where the IRR on any new job creation is so negative our excel #Refs out, our far more important question is... how does anyone think this proposal has any hope of passage in a Republican controlled House?
Courtesy of John Poehling
Average:
4.95
Your rating: None Average: 5 (20 votes)
www.zerohedge.com
LMAO..
Quite sad how low this fucktard obama has fallen
-
Obama's Jobs Spending Plan: $250,000 Per Job
CNBC ^ | 09/13/2011 | John Carney
________________________ ________________________ _______
Barack Obama's jobs plan may be one of the worst policy proposals I've ever seen.
As I pointed out last week, the plan to "pay for" the jobs proposal with tax hikes is just lunacy. It eliminates every bit of stimulus effect that could possibly come from additional government spending.
Over at Zero Hedge, John Poehling has run the numbers on the American Jobs Act (AJA).
Even if you take very optimistic figures, the jobs bill turns out to be unbelievably costly.
For those eager to put some math to the rhetoric coming from the White House over the president's jobs creation plan, and that should be everyone, here is a quick and dirty estimate based on the numbers being thrown around of a 2 percent GDP increase in year 1 and 1.9 million jobs created or saved...most saved, as in those you can't really quantify. Said otherwise, roughly a $300 billion increase in GDP yields 1.9 million jobs. So far so good.
Now since the president is proposing to pay for the program over 10 years, let's assume the $475 billion in direct expenses is financed for 10 years at 2.5 percent which adds roughly $120 billion to the total cost of the program. In other words, as the calculations detailed and show below elaborate, the overall AJA plan will cost $250,000 per job created (excluding the interest expense) and $312,500 per union job created (including interest). And that's how much it costs for Obama to purchase one vote...created or saved. Keynesian efficiency strikes like a Swiss watch yet again.
So that's $250,000 per job, before interest expense.
(Excerpt) Read more at cnbc.com ...
-
Obama, shovel this
By JOHN CRUDELE
Last Updated: 1:21 AM, September 13, 2011
This is a shovel-ready column. And by that I don’t mean you should go in the yard and bury it immediately.
This column is about the notion that “shovel-ready” jobs really exist. That’s the infamous phrase President Obama used in 2009 when he pushed through a $787 billion stimulus package.
In March of that year -- only two weeks after the stimulus was passed -- the president said that jobs were already being created or “saved.”
The idea of “saving” jobs is, of course, a convenient dodge because it defies being verified -- just the kind of gobbledygook that politicians love.
The president put the saved-or-created total at 400,000 jobs.
Well, President Obama was wrong -- and he admitted it early this summer.
Speaking before the Council on Jobs and Competitiveness in Durham, NC, in June the president went off script and said “shovel-ready was not as... uh ... shovel-ready as we expected.”
Yesterday Obama sent another jobs bill to Congress. He didn’t use the words “shovel-ready” in a speech last Thursday laying out this bill.
Wise choice.
The latest bright idea to create jobs will be a bargain at just $447 billion. The president promised last Thursday when the bill was publicly announced that it would be paid for ahead of time and not add to the budget deficit
Back in 2009 I wrote about my gut feeling: if a project was truly shovel-ready -- meaning, on the verge of hiring workers -- it would already be funded. So federal money would only be replacing funds already allocated by the states for a project.
In the end, there would be no net gain in jobs -- just a shifting around of dough from state to federal budgets.
But let’s look at the 2009 stimulus in another way: did it create any jobs?
In 2010 we created 940,000 jobs. .
So far this year the number is 872,000.
So those 1.83 million jobs created in 2009 and 2010 ended up costing -- in stimulus terms -- about $430,000 per job.
Worse, this perpetually weak economy could cause companies to begin a new round of layoffs.
Bank of America, for instance, just yesterday announced that it would eventually let 30,000 workers go in order to save $5 billion. The troubled bank blamed over-regulation by Washington.
But we wouldn’t even be at this point if Washington had spent wisely in 2009. What’s the president shoveling these days?
john.crudele@nypost.com
Read more: http://www.nypost.com/p/news/business/obama_shovel_this_hMNRlwAPfMUdladOsDYywI#ixzz1Xr8xZkJe
-
Obama: Ventilation In Some Schools "Make Students Sick"
Related Videos | expand Playing obama ventilation in some schools make students sick
________________________ ________________________ _
President Obama told an audience in Ohio that poor ventilation systems that make students sick is a reason to pass his jobs plan, the "American Jobs Act."
"Some of the schools, the ventilation is so poor it could make students sick," Obama claimed.
"How do we expect our kids to do their very best in a situation like that? The answer is we can't," Obama said.
http://www.realclearpolitics.com/video/2011/09/13/obama_ventilation_in_some_schools_make_students_sick.html
________________________ ______
LMAO - The harvard genius on display.
-
Obama to speak at NC company that’s shipping jobs to Costa Rica
The Daily Caller ^ | 9/13/11 | Matthew Boyle -
President Barack Obama will present his “jobs plan” on Wednesday at a company that’s shipping jobs overseas.
Obama is scheduled to present his “jobs plan” in Apex, N.C., on Wednesday at the headquarters of WestStar Precision.
WestStar Precision is a high-end, specialty manufacturer that just opened a new facility in San Jose, Costa Rica, creating many new jobs there, but not in the United States.
“Our main office and manufacturing facility near Research Triangle Park in the Raleigh/Durham area has approximately 11,000 sq. ft. of office space, production area and warehouse,” the company says on its website. “This facility has more than doubled in size from inception. Equipment includes precision CNC Machining centers, water jet cutter and CAD-CAM design stations.”
On the same page, WestStar Precision describes its new location, which is almost as big, in Costa Rica: “Our new office and manufacturing facility in San Jose, Costa Rica, also has approximately 10,000 sq. ft. with similar equipment as the main office. This facility is designed for high volume production to support our international and domestic clients.”
(Excerpt) Read more at dailycaller.com ...
--------------------------------------------------------------------------------
ObamaFail #3,456,789
-
Show me one country where this type of idiocy is working. just one.
Derp, derp, Europe! Oh wait, all but a few of the Northern countries are bankrupt...even with the US picking up their defense bill. Socialism ROCKS!
-
(http://weaselzippers.us/wp-content/uploads/2011/09/Obama-expense-550x200.png)
-
BUMP
Why thank you kind sir, bump for 240
-
Source: Politico
President Barack Obama’s new jobs plan is hitting some unexpected turbulence in the halls of Congress: lawmakers from his own party.
As he demands Congress quickly approve his ambitious proposal aimed at reviving the sagging economy, many Democrats on Capitol Hill appear far from sold that the president has the right anecdote to spur major job growth and turn around their party’s political fortunes.
“Terrible,” Sen. Jim Webb (D-Va.) told POLITICO when asked about the president’s ideas for how to pay for the $450 billion price tag. “We shouldn’t increase taxes on ordinary income. … There are other ways to get there.”
“That offset is not going to fly, and he should know that,” said Democratic Sen. Mary Landrieu from the energy-producing Louisiana, referring to Obama’s elimination of oil and gas subsidies. “Maybe it’s just for his election, which I hope isn’t the case.”
Read more: http://www.politico.com/news/stories/0911/63456.html
-
Reid Not Sure if Obama's Jobs Bill Can Pass
Fox News ^ | September 13, 2011 | Trish Turner
As President Obama continued to tout his new jobs bill campaign-style in the battleground state of Ohio, Senate Majority Leader Harry Reid, D-Nev., focusing instead on a potential disaster relief fight with Republicans, was unable to outline a path forward for the $447 billion plan.
"I don't know exactly what I'm going to do yet with the president's jobs bill, but we're going to have a full caucus meeting on it on Thurs," Reid told reporters, saying merely that he had introduced the bill Tuesday. A number of Democrats have previously opposed some of the ideas in the bill.
When asked if he had the votes to pass the legislation as is, the leader said only, "We'll see probably at later time."
(Excerpt) Read more at politics.blogs.foxnews.c om ...
--------------------------------------------------------------------------------
Everyone knows this thing is a big fat joke. Obama set this up to fail because he thinks he can make an issue of it.
One and done for this marxist wretch.
-
Obama: If you love me, pass my jobs bill
Sep 14 01:54 PM US/Eastern
Comments (0) Email to a friend Share on Facebook Tweet this
US President Barack Obama greets supporters after speaking on his proposed ...
Obama: If You Love Me You Gotta Help Me Pass This Bill
Politics Of Fear: Why Would We Wait To Act Until Another Bridge Falls?
US President Barack Obama told fired up supporters Wednesday that if they loved him, they must help pass his jobs bill, injecting more urgency into his push for key legislation.
Obama hit another key 2012 electoral swing state, North Carolina, to hike pressure on Republicans over his $447 billion American Jobs Act which is designed to jolt the economy and ease 9.1 percent unemployment.
One supporter from the raucous crowd shouted to Obama that they loved him, and in a standard response from his 2008 campaign he replied "I love you back" then added a new twist.
"If you love me, you got to help me pass this bill," Obama said, repeating the line to more cheers.
Obama's appeal may work with his supportive political base, but will cut little ice with Republicans seeking to exploit his diminished job approval ratings which are at 44 percent in a RealClearPolitics average of recent polls.
The president, on the latest leg of what aides say will be a months-long tour to promote the bill, also complained that some Republicans were against the legislation because they wanted to deprive him of a political victory.
"Give me a win? Give me a break" Obama said, during his pared down stump speech which is peppered with demands that Republicans "pass this bill."
Republicans however are increasingly dismissing the jobs plan as a political stunt, complaining Obama proposes to finance it by reducing itemized deductions for Americans earning over $200,000 a year and closing corporate tax breaks.
They have said that they are interested in some aspects of the bill which is weighted towards payroll tax cuts and includes infrastructure spending, but may pass those pieces separately, not in the whole bill as Obama demands.
LMFAO!!!!
-
Free Republic
Browse · Search Pings · Mail News/Activism
Topics · Post Article
Skip to comments.
Some Democrats Are Balking at Obama’s Jobs Bill
New York Times ^ | 9/14/11
Posted on September 14, 2011 10:13:07 PM EDT by Frankusa
President Obama anticipated Republican resistance to his jobs program, but he is now meeting increasing pushback from his own party. Many Congressional Democrats, smarting from the fallout over the 2009 stimulus bill, say there is little chance they will be able to support the bill as a single entity, citing an array of elements they cannot abide.
“I think the American people are very skeptical of big pieces of legislation,” Senator Bob Casey, a Democrat from Pennsylvania, said in an interview Wednesday, joining a growing chorus of Democrats who prefer an à la carte version of the bill despite White House resistance to that approach. “For that reason alone I think we should break it up.”...
Democrats... are divided over their objections, which stem from Mr. Obama’s sinking popularity in polls, parochial concerns and the party’s chronic inability to unite around a legislative initiative, even in the face of Republican opposition...
There are also Democrats, some of them senators up for election in 2012, who oppose the bill simply for its mental connection to the stimulus bill, which laid at least part of the foundation for the Republican takeover of the House in 2010.
“I have serious questions about the level of spending that President Obama proposed,” said Senator Joe Manchin III, a Democrat from West Virginia...
As he barnstormed again on Wednesday, Mr. Obama told voters in North Carolina, “If you love me, you’ve got to help me pass this bill,” but even some members of Congress from that state may prefer to stay just friends.
(Excerpt) Read more at nytimes.com ...
-
No answer yet?
By the way, Keynesian economic theory has been reviewed and it has been shown many times to be nothing but crap.
has been reviewed? what does that even mean, it has critics but they are the minority, the theory never called for spending when in surplus, debt reduction was suppose to occur, without adhering to the theory as stated its useless.
show me the criticism and how its nothing but crap, ie your sources.
-
has been reviewed? what does that even mean, it has critics but they are the minority, the theory never called for spending when in surplus, debt reduction was suppose to occur, without adhering to the theory as stated its useless.
show me the criticism and how its nothing but crap, ie your sources.
Again ASSHOLE - Show us one example in one country where this kenyan economics has ever worked. Just one country will do.
-
John Maynard Keynes was a genius of his time. But like all economic theories the best one depends on which situation you are currently in. Like mainstream political ideologies, each has its merits but not all are going to best in every economic or social circumstance.
-
John Maynard Keynes was a genius of his time. But like all economic theories the best one depends on which situation you are currently in. Like mainstream political ideologies, each has its merits but not all are going to best in every economic or social circumstance.
Keynes never called for tax hikes during a depression / recession.
Keynes also called for scaling back govt spending during robust times.
What we are doing now is pure chaos.
-
Keynes never called for tax hikes during a depression / recession.
Keynes also called for scaling back govt spending during robust times.
What we are doing now is pure chaos.
You should be quoting the fool who said Keynes was an idiot.
-
You should be quoting the fool who said Keynes was an idiot.
no - I am telling you that those like yourself are lying about what keynes actually believed to justify your ponzinomics.
-
no - I am telling you that those like yourself are lying about what keynes actually believed to justify your ponzinomics.
???
This statement has no factual basis regarding my views on Keynesian economics.
-
???
This statement has no factual basis regarding my views on Keynesian economics.
He advocated (not just this) using government intervention/spending etc to stimulate aggregate demand.
Keynes is really an economist who England and the West used during WWI and after for his policies and such. He was actually against deficit spending for the most part, wasn't a fan of returning to the gold standard post WWI, was wary (And rightly so) of gigantic reparation payments that Weimar Germany couldn't pay without printing.... blah blah blah.
As with all things, his actual idea and theory were/are misquoted, misused and misrepresented. Same can be said for Milton Freidman and just about every other things ever.