Sep 13 2011
Obama’s Insane ‘Jobs’ Proposal
Kill this bill now!
Actually, no need. The thing is so screwy it is DOA anyway. Check out this liberal pretzel logic:
President Barack Obama on Monday proposed paying for his jobs plan by eliminating $467 billion in tax breaks for wealthier Americans and corporations, meeting immediate resistance from Republicans in Congress.
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A limit on itemized deductions and certain exemptions on individuals who earn over $200,000 and families who earn over $250,000, which would raise roughly $400 billion over 10 years.
So, Obama plans to take money from Main Street through higher taxes and by defining millionaires and billionaires as any family making $250K a year (which usually means families at their peak income generating mode preparing kids for college and themselves for retirement – without government handouts as much as possible). What moron thought this one up?
Our economy is stagnating because consumers are not buying goods, homes, etc. In fact they need better paying jobs.
But what does this president do? I pulls even MORE money out of the private sector – both at the consumer point AND the small business point – and decides delayed jobs involving shovels is the answer? I know the saying is we learn everything we need to know in Kindergarten, but really! We saw this government trickle down crap with the Stimulus bill, which only captured investment and spending money and let it wander through the bowels of the bloated federal bureaucracy before it came trickling out years later.
I have a better proposal – pull the cancer of government off the back of the consumers and businesses. Leave more money in the hands of Main Street so our economy can jump start itself. Lower taxes, cut government spending down to the bare minimum and gut all the wasteful regulations and paper work.
This has to be the lamest of lame big government ideas EVAH!
Update: And the American voter KNOWS this is lame:
These undecided voters, who could determine whether Obama wins re-election next year, believe Republicans are more serious about reducing budget deficits and more aligned with them ideologically, according to the centrist Democratic think tank Third Way.
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Half of those surveyed said reducing the deficit or scaling back regulations would be the most effective way to create jobs, while only 16 percent said that increased spending on construction and innovation would be the best approach.
Well, duh. We’ve seen the government innovate, invest and create jobs – and it ain’t pretty.
http://legalinsurrection.com/2011/09/the-american-people-can-handle-the-truth-about-obamas-phony-jobs-bill/
It’s because the jobs bill is not a jobs bill, it is the tax increase Obama has been hoping for since he was a candidate, taking $400 billion from people making $200,000 or more (couples making $250,000 or more). Had Obama released the plan, all the talk surrounding the speech would have been about the tax increase, the opposite of what the Axelplouffe message machine wanted.
Obama and his advisors have outsmarted themselves again, and turned what could have been a good move into catastrophe (for them) First time they did this was in scheduling the speech – they thought it was clever to set it up at the same time as the first debate, then had to endure the humiliation of Obama caving as soon as he was challenged. As the Brit’s say, the entire affair was an “Own Goal”.
And now they’ve made an equivalently self destructive mistake. First came the jobs speech, then the plan to pay for it. You can almost see Jarrett and Plouffe wringing their hands and snickering, “Ha ha ha! Now they’re either going to have to raise taxes or tell the people no jobs bill! ha ha ha!” Well, of course the House won’t vote for that. Wow, dems, you get a bumper sticker out of the entire effort and nothing else.
But in turning this into a purely political ploy, they’ve forgotten (already? Really???) the entire reason he felt he had to make the proposal in the first place. HEY CHUMPS – THE COUNTRY IS SINKING BACK INTO RECESSION!!! (or still in depression, take your choice) If the economy is worse next year than this (oh, and it will be!) then Obama and the Dems have NO chance – and even THEY know this!
But by setting up a stunt bill with no chance of passage, they have just GUARANTEED that the economy/jobs situation is going to be just as bad or worse next year than this. They have just, by their own actions, GUARANTEED a Dem wipeout next year!
Brilliant move, y’all. Just brilliant.
NY9 comes today. A harbinger.
As CATO foundation said the other day. Obama was going to spend 1 billion for his reelection and this only shows that was underpriced by about 460 odd billion.
Pass money to unions to flow back into his election coffers and so forth.
I read somewhere that Obama wanted the tax hikes to help fund ObamaCare because it is the same bill that he tried to get from Nancy Pelosi over a year ago. Nancy Pelosi told him no!
I see that the corn supply has dwindled from this year’s drought. Be ready to see higher prices next year. The drought is predicted to last through next summer with little rain in the south.
http://www.cato-at-liberty.org/president-obamas-447-billion-tax-increase/
“The agreement we passed in July,” said the President, “will cut government spending by about $1 trillion over the next 10 years. It also charges this Congress to come up with an additional $1.5 trillion in savings by Christmas. Tonight, I am asking you to increase that amount so that it covers the full cost of the American Jobs Act.” But the $447 billion budgetary hit can’t be spread over 10 years without triggering another debt ceiling calamity. Either the debt ceiling has to be promptly raised by an extra $447 billion or tax receipts somehow raised by that amount in fiscal 2012-2013. Any “modest adjustments to health care” will be too distant and nebulous to help.
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So the massive debt ceiling increase he just got has already burned a hole in his pocket
http://blogs.reuters.com/james-pethokoukis/2011/09/09/obamas-447-billion-reelection-plan/
There’s been much speculation that President Barack Obama will spend $1 billion to get reelected. Turns out those guesses were off by $446 billion.
What Americans heard last night was a $447 billion political plan, not an economic one. It’s purpose was to a) fire up the demoralized Democratic base and b) show independents that Obama is trying to do something – anything – to reduce unemployment, not just slash needed “investment” like those heartless, pro-austerity Republicans.
WWS says:
September 13, 2011 at 8:14 am
“NY9 comes today. A harbinger.”
I would like to believe this, but Wisconsin has shown me that local constituents can be so blinded by ideology that they’ll vote for people who hid in another state to keep from doing their jobs in the state government.
And the Dem up for election in NY 9 doesn’t even live in NY 9! Of course, when did little things like that matter…
This bill was not intended to pass or “create jobs”.
It is a bill intended to fail, just to strengthen the straw man of the republicans who will do anything to hurt Obama, even at the cost of hurting unemployed Americans.
It is purely a political ploy for Obama reelection campaign.
I knew from the start that this was only about one job- Obama’s. Speaking in front of a joint session of Congress is a special event- and Obama knows that. He counted on the that fact to get more people to watch. And, he knows he is a good public speaker. The speech was only to boost his approval ratings. Obama only wants Republicans to oppose his “plan,” so he can pull a Truman next year, running against a “do nothing Congress.”
Raising taxes on corporations doesn’t create jobs- it destroys them.
This whole deal is just another step in the left’s plan to insure that their beloved chairman Mao’s Communist China replaces the US as world leader. Remember…Bill and Hillary Clinton, the people who threw our borders open to unlimited, tarriff free, cheap, slave labor made Chinese goods, and thereby facilitated to moving of our manufacturing base to China, were among the college protesters who were waving Chairman Mao’s Little Red Book when they were doing their Anti War/Civil Rights/ anti capitalism demonstrations during the 1960s. Fast forward…Now Obama, a pseudo intelectual product of affirmative action, also precipitated by the 60s leftists who instituted the policy of promoting the less than most qualified to the front of the line and to positions of power, is putting the nails in our coffins by replacing the income once gained by tarriffs on foreign made goods with taxes on US producers which will only make them more uncompetitive. The Federal government once paid most of it’s bill with money collected by levying tarriffs on foreign goods. We even fought a war over this tarriff policy which affected the rural, agriculture dominated South more than it did the industrialized North. The South was already paying a 25% tarriff on goods it imported form Europe. When 15 years later the Northern dominated Congress doubled that tarriff to 50%, the South tried to withdraw form the Union. Instead of giving in to this destructive policy designed to further hamper US competitiveness and send what few manufacturing jobs we have left overseas, the opposition should be yammering for tarriffs on foreign goods, especially goods from countries like China which has not abided by the Free Trade agreement rules. It’s time to stop letting America’s enemies define and control the argument. The debate should be, about whether our tax policies should benefit Americans or America’s enemies.