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Varchild2008 (84.50)

Middle Class want JOBS not WELFARE Mr. President!!!!

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January 25, 2010 – Comments (8)

Get a load of the crap President Obama wants to waste Taxpayer dollars on...

A) More pathetic "Tax Credits"

B) Double Child Tax Credits

C) Force Businesses to have some sort of workplace thingy...

uhm???????

I can not find anywhere any actual job growth creating policy in President Obama's plans.

Just more of the same..... Welfare...Welfare..Welfare....after more Welfare....

The only people that create jobs are Businesses...and mostly Small Businesses...run by Small Business Owners...

Not "Middle Class"

Instead of AIDING  (laugh laugh laugh) the Middle Class.....  How about some Job Creation you Sociopathic U.S. President from planet 666?

8 Comments – Post Your Own

#1) On January 25, 2010 at 11:31 AM, miteycasey (30.20) wrote:

I thought the same thing when I read his proposals.

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#2) On January 25, 2010 at 11:50 AM, russiangambit (29.40) wrote:

Varhild, once I read a book on how to reduce taxes and to summarize it - you need to start your own business. There are so many deductions here and there - home office, car, business lunches etc. What other tax breaks do they need? I would support slashing the tax rate to 20% for small businesses but remove all the tax breaks. I got an impression that it is very easy to avoid taxes for a small business.

Back on the topic of job creation, I agree with you - it is a serious issue. But instead of just blaming the president, think it through. Where new businesses could be started? US labor is very expensive, so it can't be anything simple. It has to be something very complicated like tech or biotech to justify the high cost of labor. But these high tech areas don't create that many jobs.

The biggest issue is in the area of the unskilled or low skilled labor - teenagers, school drop outs, young professionals ( who can't get experience because they have to compete for very few places with very experienced older workers).

Structural unemployement is a very hard issue to solve. The free market way is to adjust the standard of living and the cost of labor so that it becomes competetive again. But I just don't see our unskilled workers willing to work for $5 a day like Chinese, do you? If not, then we are stuck the same wasy as Europeans who had high unemployement for years because their cost of labor is high.

The issue will only be solved when Chinese and Indian labor becomes more expensive thus making US more competetive. Do you know when that will happen? When China and India will become prosperous enough to afford higher wages, probably 20-30 years from now. 

This is an issue which has been coming for 20 years and will take as long to solve. I don't know what people expect Obama to do to solve it in a couple of years. It is impossible.

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#3) On January 25, 2010 at 12:10 PM, miteycasey (30.20) wrote:

This is an issue which has been coming for 20 years and will take as long to solve. I don't know what people expect Obama to do to solve it in a couple of years. It is impossible.

The bigger issue is the image that he's doing nothing, or at worst trying to socilize the country.

Instead of cutting taxes why not start WPA projects like the 1930's? That would solve two problems.

1) create jobs for the unskilled

2) improve an infrastructure that needs to be updated.

The funny thing is the people these jobs would be targeting would probably be too lazy to take them.

 

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#4) On January 25, 2010 at 12:26 PM, ocsurf (< 20) wrote:

I'm not an Obama fan at all but I do like:

"Under the president's proposals, families making under $85,000 a year would see their child care tax credit nearly doubled."

and

"Obama will also call for caps on some student loans, limiting a borrower's payments to 10 percent of his or her income, and forgiving all remaining debt after 10 years of payment for those in public service work — and 20 years for all others."

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#5) On January 25, 2010 at 8:58 PM, RainierMan (73.39) wrote:

Oh man, I love this President; gets the fringe all wound up. Complete with quadruple exclamation points, name calling, a biblical silliness.

Please comment on the follow:

1. Bush $1000 cash giveaway in '08 to stop the recession and how that wasn't just as bad as tax breaks for the working class?

2. Bush job growth a la tax cuts, and why we never had massive new job growth, and ended up getting hosed with a historic recession.

3. Why tax breaks for the lower middle class are bad, but they're good for the rich.

Then take 2 chill pills and lay off the blogging....you're killing yourself, man

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#6) On January 26, 2010 at 10:10 AM, outoffocus (23.49) wrote:

If the middle class wants jobs then they need to create them.  Stop whining and start a business.

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#7) On January 26, 2010 at 2:59 PM, miteycasey (30.20) wrote:

If the middle class wants jobs then they need to create them.  Stop whining and start a business.

They don't know how to do that. All they've learned in school is how to show up on time and follow directions.

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#8) On January 26, 2010 at 5:46 PM, rosemanjhk (34.21) wrote:

It does not really matter.  Everyone focuses on Obama, but the real issue is congress.  If Obama can not get anything through congress with the majority he has now, what do you think is going to happen after the elections this year, and the congress is even more divided than it currently is, regardless of the proposals?  Remember, the president is just a figurehead, and as long as congress is "business as usual", NOTHING will change, unless their collective backs are up against the wall......

For further enlightenment, check out this link...)

http://articles.moneycentral.msn.com/Investing/top-stocks/blog.aspx?post=1581969&_blg=1,1580474

 

 

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