The "Jobs" plan

[BPTactical]

Just curious what folks reactions to BarryO's Jobs speech is.
I didn't watch it but read "highlights" and heard some critiques.

Our country is broke, we are in a tremendous deficit which means too much going out and not enough coming in. He is proposing "tax cuts" which will do little for peoples incomes, avg. 1500 per year of "extra income". That equates to a hair over 100.00 per month which realistically is a drop in the bucket for most. Sure it is something but what is the long term cost?
So as a country we are broke and next year even less will be going to .gov.
Incentives for employers to hire? How many of those incentives will go directly to Unions?
Government cannot create jobs.
It just sounds like another "stimulus" package which we all know was an epic FAIL.



It has been said the definition of insanity is doing the same thing repeatedly and expecting different results.

[Ranger]

TARP Jr. More proselytizing from Obamao the Profit. Excuse me while I barf.

[Cman]

Obammas a joke and I never listen to anything he has to say.

[Mtn.man]

What's 450 billion $$$$.

[n8tive97]

Worst president ever....

[Mobat555]

It cracks me up that anyone expects the government to effect the economy in a significant manor. I don't care if its Obama, Bush, Clinton, or Reagan. When it comes down to it our country has a crappy economy because in the past 30 years companies found much cheaper ways to manufacture other places in the world. If we don't "make" anything here then how can we expect to employee people? You want to shoot some blame it has more to do with company's valuing their profit margin over any type of patriotism to this country.

The government can give them tax breaks and they will horde more money, then can attempt to increase taxes on the rich and they will just leave the country. Please enlighten me as to something the GOV can do to effect this?

[Hoosier]

[Buffet] says the guys secretary pays more in taxes- false. Buffet doesn't collect a salary so his gains are taxed at a lower rate.

It's Warren Buffet who says his secretary pays a higher percentage of her income in taxes than he does. It's precisely because Buffet is so rich and has so much money in the market that all of his profit is in the form of long term capital gains, which is taxed at a flat 15%.

http://en.wikipedia.org/wiki/Capital..._United_States

In real absolute terms Warren assuredly writes a larger check to the Treasury each year, his point is that as a portion of his take home pay, he has to give up a smaller percentage to uncle sam than does people who make normal wages and pay payroll taxes.

http://www.timesonline.co.uk/tol/mon...cle1996735.ece

Facts are for fun.

H.

[JohnTRourke]

Party On Wayne

[yosemite]

you cannot buy jobs, something has to be sold to create a job, you cannot increase sales by taxation, of the product, the consumer,the worker, or the manufacturer! without sale of a product, there is no reason to manufacture, sell, service, and without these no job Creation, stimulation Vote Barry out!