Obama announces new measures to spur job creation
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35 Comments
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0
Sarge
"a major new burst of federal spending"
I can't stand it...
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Sarge
"Obama said the U.S. must continue to "spend our way out of this recession"
He still doesn't get it. The government has to lower taxes and get out of the way of business to grow the economy.
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adaydream
How can you lower taxes when we're deep into debt. We've got wars to pay for. We haven't collected a dime in taxes to pay for the first 6 years of the wars, let alone the continuation needed.
The republicans blasted the Obama administration when he bailed out Wall St for not helping Main St. Now when he tries to help Main St they find another argument. It's another case of "Hell No." < :-)
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thepro
America still has money to spend?
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skipthesong
The republicans blasted the Obama administration when he bailed out Wall St for not helping Main St. Now when he tries to help Main St they find another argument." well, that's politics and you should already be used to that.
Let's not forget the fish in California!
Maybe they should send some of that cash this and give it the recruitment companies in Tokyo! At least that would help people get jobs and help the phone companies with all the calls they make!
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Molenir
How can you spend all this money when you're deep in debt? I mean, if you're going to spend money you don't have, wouldn't it be better to actually do something that would spur job creation? But he is apparently doing this, even while he is making every effort to bankrupt the country via cap and tax, and take over 1/4th of the US economy, via health care reform. From what I can see, this man is second only to Jimmy Carter in the ranks of Worst Presidents in history. Now, see how badly he screws up in foreign affairs, and he might even be able to outdo Carter. Though I doubt even Obama can screw things up that badly.
0
nedinjapan
I guess Obama has already opened a lot of new job openings in Afghanistan, and they pay high salaries ;-)
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Sarge
"America still has money to spend?"
It's OPM ( other people's money ).
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adaydream
Isn't it amazing:
The unemployment is 10% and it's Obama's fault.
Obama has an idea how to spur job growth and the republicans complain.
Nothing Obama does is good enough for the republicans.
Obama may get his health plan, we may get out of Iraq and Obama's plan to fight the war in Afghanistan may get us out of Iraq in 5 or 6 years.
These are reasons I voted for Obama. < :-)
0
ikedunne
Obamao overborrows and now has $200M to spend? Sounds like a real estate scam to me.
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L4dymercury
Everything President Obama has done "hasn't been good enough" for the people. Yet, for 8 years Bush ran this country into the ground and put us in this situation. When his term started, we had a surplus, he left us in a debt.
You actually expect Obama to pull a magical miracle turn around in 365 days in office? Republicans make more noise than a bitch in heat.
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WilliB
LOL! Alas, no surprise seeing that his last new idea is the same as all his old ideas.
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Bgood41
Commander in speech has a clear agenda of supporting his base at all cost. The stimulus to nowhere with 10% unemployment is about moving money from one class to another. Eventually, American standard of living will be lower to satisfy the world socialist collective consciousness. It is about quick fix, taking the money and run. History has shown that spending its way to prosperity it never works for the long run. A bunch of liberal lawyers who dictate America's destiny believe in their moments. Please do not try this system at home. It reserves only to Obama and his base only.
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adaydream
Bgood41
What does that say about the last administration? he gave away $4Trillion the first year to the top 1%, protecting the prescription drug companies a prescription drug plan that cost $1.2 Trillion over 10 years VS the $500Billion bush said and...oh yeah and then the wars. < :-)
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Molenir
Sure, and next year you'll double the number of days, but the post will otherwise be exactly the same. The man owns the recession. From the moment he signed the first stimulus bill it became his recession. He said this himself. So yes, if he can't fix it, then he is to blame, and blame he we will. He is the one who came to power preaching change, how you like your change now? Bush was a piker compared to Obama! Even when Bush was fighting 2 wars, he couldn't spend like Obama does.
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adaydream
Molenir, you failed to read or remember the $4Trillion bush gave away. Obama can't keep up with that. < :-)
0
sharky1
Think I have the real plan figured out...Devalue the $$$ and export, export, export...
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prague
My thinking is more along with Sarge's. But it's not just lowering taxes that Obama has to do. The U.S. tax system is too complex and has too many loopholes, which is not business friendly and encourages tax dodging and even fraud. What Obama should do is to support a flat tax. That would spur economic growth and innovation. That is how you create jobs, through economic growth and innovation. However, Obama would never support this because Democrats think a flat tax is regressive since everybody pays the same rate no matter how much they earn. It's a misperception. The important thing is to create economic growth, innovation and jobs.
James La-Giglia Hong Kong
0
WilliB
If a government could spend its way to wealth, the ex Soviet Union, North Korea, and Cuba would be wonderful success stories. In fact, every country would be wealthy, since nothing is easier for a government than to tax/borrow and spend. Nough said.
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L4dymercury
It was announced we were in a recession in Mid-2008, Molenir, so Obama did not start the recession. He inherited it -- Two different things, my friend. A stimulus package doesn't start a global recession.
You can't have change in 365 days. Economy is just one of MANY troubles Obama has to deal with. Grow up, look at the bigger picture. Remember, there was a surplus before Bush got into office. You can't defend the way Bush handled the economy and blow it all on Obama.
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lostrune2
prague,
Actually, the progressive tax stems back during the Reagan administration.
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MrUSA
Obama creating jobs? Unemployment has tripled since he took office.
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seijichuudo9sha
Barack is keeping it real. A little slowdown does us some good. people get healthier in a recession. Get away from teh materialism.
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USARonin
Well, I guest that answers the question as far as you're concerned:
"Sooooo... How's that Obama thing workin' out for ya?"
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USAFdude
Molenir -
Sure, pal, especially this part - "Republicans make more noise than a bitch in heat."
Exactly, exactly.
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seijichuudo9sha
"Republicans make more noise than a bitch in heat."
hahahahaha, I like the way you always bring the cerebral humor. Props, usafdude.The wingers cant handle ten percent unemployment, they don't understand that where we are going (the European way, like it or not) that is the average.
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USARonin
" they don't understand that where we are going (the European way, like it or not) that is the average..."
Yes, my friend we do. We don't want to become you. That's the concern. You can keep all your mediocrity, pessimism, strikes and smugness.
0
MrUSA
The European way? Can you tell me how that could possibly be good for us?
The bottom line is Obama's terrible economic policies have led to our 10% unemployment, and it will soon be 20% if he doesn't smarten up.
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sailwind
There is one bright spot in this dismal economy. Tea sales are way up due to a surge of renewed interest in tea-parties lately. A small business start up opening a tea shop should do pretty well right now as long as Obama is in charge of this economy.
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Midnightpromise
What our dear leader and his liberal spend buddies in congress fail to realise with their "spend our way out of a recession" double-speak is that it's success wholly depends on where this money is being spent. The non-sense cash for clunkers, free money to help you buy a house, and other pork barrel liberal pet projects is not it. And now they start jabbering about "green jobs"? See Spain for how great an idea that is. Bottom line, this group of Che wannabes don't have a clue what they are doing since their main focus of studies in their ambiguous college careers was redistribution of wealth. Or maybe they do know exactly what they are doing? That's why I defend AND exercise my right to bear arms...
0
Badsey
Be patient! In another 20 years America will be socialized and we will all have 2-3 Obama jobs. Billions of ObamaJobs for everyone as promised.
-but then again, I was promised a George Foreman grill -and I am still waiting.
0
skipthesong
L4dymercury :
"You actually expect Obama to pull a magical miracle turn around in 365 days in office?" " Republicans make more noise than a bitch in heat" Yes, they do, but let's get back Barrack. I don't recall any repub or independent saying he will have a magic wand, but I do know his die hard supporters said so. Face, it was more you guys who went into this marriage blindly.
But to answer your question, you asked for the job, the job didn't ask for you. You said how bad the last guy was and said so that you were better. Well.... comparing yourself to GWB is a pretty bad bench mark, or even to his daddy. Notice how he never compares himself to Clinton? If you were my staff who replaced the last screw up and used him as why the sales aren't being pushed after this long, you are fired and that's me not even expecting you to close a deal in the first year! Too bad we can't fire politicians, all of them, easily quickly instead of waiting around and watching them just tear things apart.
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Molenir
Hey, do you not remember the campaign promises he made? I do. I expected him to turn things around in the first month. Based on his promises, thats a reasonable inference. However, giving the man the benefit of the doubt. Even if we don't say he had to do the work in the first month. By any reasonable measure, if his plans were working, we would have already seen the ship righting itself. Instead its either sinking further, or staying at the same level, depending on the sector. No, thus far, his promises haven't amounted anything.
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Noliving
When you consider that the stimulus bills that were suppose to help create jobs costed around 770K per job to be created and those jobs that were created were not making over six figures in salary it really wasn't that great of a plan. When you look at how big of a failure the job creation part of the stimulus package was, you really expect this one to be any better?
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