In a brief reaction to a "sobering" jobs report, President Obama said he's examining new measures to spur growth and ran off a list of five: road/bridge investment, energy retrofitting, additional tax cuts for businesses to create jobs, boosting credit to small businesses and support for exporters.
Sobering job reports well put the president has been high. And looking into it doesnt mean squat. He will realize where is going to get more money to invest. They will print it, giive it to the banks and see if they will lend it
Glad that he is thinking ahead, I mean with the 2010 elections coming up, needs to get the new stimulative job creating measures in place to "benefit his political allies", sorry strike that last comment, should have read " benefit poor unemployed suffering Americans" I mispoke
At what point is President Obama going to realize that a vast portion of his "social" initiatives are seen as anti-business and thats a large part of what's choking off job growth. If I can't earn a reasonable return on capital invested, I'm certainly not going to take the risk of started a new company (a move that generally leads to job creation). Improving my ability to borrow money and adding leverage to the system won't help if the fundamental return on invested capital isn't sufficient to augment the risk being taken.
Higher cap gains taxes, the new healthcare regulations that are being rushed through congress, etc, etc, etc, all these things lead to lower returns for small businesses, which in turn leads to slower/negative job growth.
Government does not create jobs. In the present situation, they print more money and issue IOU's to borrow from foreign and domestic investors to fuel temporary tasks. Note temporary is in italics.
Those IOE's have to be repaid eventually.
So, Mr. President, please stop using the words "create jobs".
The government is not a business, nor a charity, and in our case has never made any money. In our case, as a matter, they now owe a lot of money. By "a lot" I mean in the tens of Trillions.
How about a HUGE TAX INCREASE for companies that export jobs overseas?
And how about a universal health care system that takes the burden off businesses in form of employee benefits business currently pays (and which forces many to export jobs overseas)?
Yeah, let's punish all those "evil" businesses, trying to make profits. I mean, why do we need them at all? We can just have the government run everything, right?
After all, that worked swell in the old Soviet Union, didn't it?
On Nov 06 12:38 PM Michael Clark wrote:
> How about a HUGE TAX INCREASE for companies that export jobs overseas? > > > And how about a universal health care system that takes the burden > off businesses in form of employee benefits business currently pays > (and which forces many to export jobs overseas)?
Please, what is choking off business is not the government programs...be they good or bad. What's choking off business is lack of demand for whatever.
BTW, if you have a plan that will get us out of this multibubble economy, I'm dying to hear it.If it makes sense, I'll use it to invest.
I do not have a plan, other than focus on not losing, more than winning, and am only beginng to get the picture of the mess we are in and that tour economic landscape has changed in a significant way.
It's not going back to the way it was. If that's true, and I believe it is...What's the plan?
On Nov 06 12:30 PM User 509333 wrote:
> At what point is President Obama going to realize that a vast portion > of his "social" initiatives are seen as anti-business and thats a > large part of what's choking off job growth. If I can't earn a reasonable > return on capital invested, I'm certainly not going to take the risk > of started a new company (a move that generally leads to job creation). > Improving my ability to borrow money and adding leverage to the system > won't help if the fundamental return on invested capital isn't sufficient > to augment the risk being taken. > > Higher cap gains taxes, the new healthcare regulations that are being > rushed through congress, etc, etc, etc, all these things lead to > lower returns for small businesses, which in turn leads to slower/negative > job growth.
If only Prez Obama would examine the true reasons why corporate America relocated tens of millions of our jobs overseas; i.e., tax and physical plant incentives, slave labor wages, no health care expenses. Also, Obama could ask Bill Clinton why he initiated the policies which converted the U. S. economy from manufacturing to service ... no need to ask Bush/Chaney why they exacerbated it. The real issue, which I have yet to hear Obama speak, is how can we bring back the twenty to thirty million jobs related to the production of the durable and personal items consumed each year by Americans? So many issues to examine while Washington burns in a red sea of deficit spending and govt waste.
Seems that is an admission that the first "Stimulus" package got it wrong, and that four of those five measures should have started all those months ago. The fifth one, support for exporters, indicates to me that the US intends to further devalue the US dollar.
How about stimulating big industrial businesses to offer good jobs here in this country. All this small business crap is a lot of hooey. Nobody wants to work for a small unstable family dominated business. That's last choice. And small businesses do much better when they have big business clients. We should have given the TARP money to the 50 top industrial employers in this country on condition that they build plants and hire people here. But we gave everything to the partners at Goldman Sachs.
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This news story has 13 comments:
Higher cap gains taxes, the new healthcare regulations that are being rushed through congress, etc, etc, etc, all these things lead to lower returns for small businesses, which in turn leads to slower/negative job growth.
Government does not create jobs. In the present situation, they print more money and issue IOU's to borrow from foreign and domestic investors to fuel temporary tasks. Note temporary is in italics.
Those IOE's have to be repaid eventually.
So, Mr. President, please stop using the words "create jobs".
The government is not a business, nor a charity, and in our case has never made any money. In our case, as a matter, they now owe a lot of money. By "a lot" I mean in the tens of Trillions.
TK
And how about a universal health care system that takes the burden off businesses in form of employee benefits business currently pays (and which forces many to export jobs overseas)?
After all, that worked swell in the old Soviet Union, didn't it?
On Nov 06 12:38 PM Michael Clark wrote:
> How about a HUGE TAX INCREASE for companies that export jobs overseas?
>
>
> And how about a universal health care system that takes the burden
> off businesses in form of employee benefits business currently pays
> (and which forces many to export jobs overseas)?
BTW, if you have a plan that will get us out of this multibubble economy, I'm dying to hear it.If it makes sense, I'll use it to invest.
I do not have a plan, other than focus on not losing, more than winning, and am only beginng to get the picture of the mess we are in and that tour economic landscape has changed in a significant way.
It's not going back to the way it was. If that's true, and I believe it is...What's the plan?
On Nov 06 12:30 PM User 509333 wrote:
> At what point is President Obama going to realize that a vast portion
> of his "social" initiatives are seen as anti-business and thats a
> large part of what's choking off job growth. If I can't earn a reasonable
> return on capital invested, I'm certainly not going to take the risk
> of started a new company (a move that generally leads to job creation).
> Improving my ability to borrow money and adding leverage to the system
> won't help if the fundamental return on invested capital isn't sufficient
> to augment the risk being taken.
>
> Higher cap gains taxes, the new healthcare regulations that are being
> rushed through congress, etc, etc, etc, all these things lead to
> lower returns for small businesses, which in turn leads to slower/negative
> job growth.