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Watch Live: Obama Addresses Congress on Jobs Plan at 7 p.m. ET (4 p.m. PT)

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posted on Sep, 9 2011 @ 11:39 AM
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Obama’s plan underscores a continuing lack of understanding of simple economic truths as they apply to the private sector, something he nor his entire cabinet understands.

Offering tax credits for small businesses that hire is insulting. It implies that businesses are sitting on mountains of profit and they are doing a robust business but “meanly” refuse to hire.

If the customers or demand is not there, there is no reason to hire. And no business is going to hire dead wood to get a tax credit.

This lack of understanding is the result of a mind drenched with statist thinking – just hire people for make work, regardless of their necessity.

iowntheworld.com...

This says it perfectly.




posted on Sep, 9 2011 @ 12:43 PM
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All I got was

"Lets be more like China!"

"Build more stuff!"

"Spend spend spend!!!"

"Woo America!!"



posted on Sep, 10 2011 @ 01:28 AM
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Originally posted by deepred
I thought some members may wish to watch Pres. Obama lay out his new plan to restore jobs in America.

Starts in a few minutes 7pm ET 4pm PT

This should be interesting on many levels.

www.pbs.org...


..lol.. interesting?.. hardly, more like a total waste of time... there are dozens of channels offering boring actors belching feces.

I guarantee, with history as a witness, not a damn thing he says is/was 100% true.. and NOTHING he claims will happen.. will actually happen the way he said it will.. take that to the nearest failing US bank full of fake money.

That guy has zero credibility.. if a mans "word" defines his character, that guy is a fraction of a man at best. As a man of his word.. and deserves to be ignored...If his "word" was a product.. nobody would buy it... if not for the MSM lackeys pretending his verbiage had relevance... he'd be competing with "Vince" the sham-wow guy.. and Vinces "love my nuts" yt re-mixes are much more entertaining and factual.. lol



posted on Sep, 10 2011 @ 03:47 PM
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reply to post by beezzer
 


While this is an adequate, generally correct, and deserved criticism to be leveled at a large portion of the left, the right also similarly denies reality and repeatedly parrot that higher corporate and wealthy individual taxes have a deleterious effect on job creation. Jobs are created by demand, as you pointed out, so just as people aren't going to hire based on a tax break, they're not laying off people or refusing to hire due to a tax hike. If the business is doing otherwise, then they were operating at an unsustainable margin and were insolvent and headed for failure anyway, or the tax rate is so high it outpaces market value and demand of the product. The former situation is a highly problematic one upon which to build any kind of policy, and the latter simply isn't the case here nor would it be the case with any of the proposed tax increases.

I like these kinds of statements by people on the right (not saying you are one of those people, per se), as it completely backs them into a corner on policy. If jobs are demand based and the market functions at the crest of bearable cost as asserted, then the arguments against higher corporate taxes are also garbage.




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