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Obama says Congress must pass job program

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Whatever happened to those "shovel ready jobs" that he spoke of few years ago that would be created?

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Most of that money was allocated to state governments, which used it to balance their budgets. It's why they didn't have to lay off as many school teachers as they will during their next budget cycles.

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Without putting Wall Street people in jail nor raising taxes on the super rich, I fear for the future of America.

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not all Wall Street just those who were responsible for their greedy and foolish actions.

Kind of like TEPCO in Japan. How is one supposed to feel confident when the people who just ruined the place are still left to run it?

Same solution for both. Put responsible people in jail. Send a message that this isn't acceptable.

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A laid off white collar worker in his 50's cannot get out there and build a bridge.

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Japangal... that may be true, but there are plenty of others that can if they had the chance.

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Congress must act, somethng Federal Reserve Chairman Ben Bernanke said as much in a recent speech. Republican motives will be become transparent if they don't compromise and pass bills to increase employment.

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Ha ha ha! Silly Obama. He still thinks that the republicans are going to appreciate him being reasonable and do something non-partisan for the benefit of the American people.

The current batch of Republicans are spiteful, vengeful people who would rather sink the ship and all the innocents on board if they can't be captain.

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GG2141: The game they'll play is to do the least amount possible while trying to appear concerned and doing the "right" thing for the country.

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:)

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GOP putting the nation ahead of the party?? hahaha... fat chance!

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Yes hurry up and pass this job bill that i have promised for years and still haven't produced.

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Just awful. Obama needs a challenger in the primary. He will set the Democratic Party back ten years at this rate.We got wiped out in 2010 and look at him today scowling and playing the demoagogue. Clinton would never have been as partisan and as divisive as this man has become.

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Can the GOP say anything but 'No'?

Um..no, is the answer to that one.

What a bunch of anti-American deadbeats.

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Detroit. What were Obama's handlers thinking? He carried it by 18 points in 08 but still, making it the the model for the rest of the country is as regressive as could be imagined. You can buy a house in parts of that city for as little as 8 thou bucks, probably less now. Democrat 'leadership' and an overwhelmingly Dem electorate has destroyed the place. The optics were absolutely horrifying - Obama preaching to a hand-picked audience of yelping SEIU schlubs in t-shirts.

We had ZERO job growth in August and yet all Obama wants to do is play Alinsky, demonize and further polarize. It reminds me of what psychologists often say of their most intractable cases - stressed,but knowing the folly of their past behavior, they nonetheless become even more of their usual self. Bizarre. Perry and Romney are going to have a field day with what Obama avoided in this long-awaited repeat disaster of 2010's big 'jobs speech.'

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...knowing the folly of their past behavior, they nonetheless become even more of their usual self....

With business profits as a percentage of GNP at record levels, Republicans will call for tax cuts on business. Despite the record of corporations turning overseas profits into dividends despite laws passed designed to prevent this, Republicans will call for a tax 'holiday( on repatriated profits. Regulation of business is on hold, and a recent survey of businesses by the Chamber of Commerce found existing regulations registering not even a blip on the list of business concerns, but Republicans will exist corporations are over-regulated.

There is more, of course, and it does illustrate a terrifying pattern.

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Regulation of business is on hold, and a recent survey of businesses by the Chamber of Commerce found existing regulations registering not even a blip on the list of business concerns, but Republicans will exist corporations are over-regulated.

Not sure who your source is on that one but it is not right. I went to the U.S Chamber of Commerce's website, the official U.S Govt one. Just google U.S Chamber of Commerce Survey...........

This is what they are saying in a nutshell. The National debt scares them, the Obama health care reform law stinks to high heaven and they want Washington out of the way, way out of the way.

Small business continues to be hesitant to hire. 55% of respondents cited economic uncertainty as their greatest hiring obstacle and 35% said Washington uncertainty impacted growth, while 35% cited too little revenue as their greatest obstacle. 70% of respondents do not plan to hire new employees next year, and 9% will continue layoffs. (See questions 16 and 20.) Two of the top issues of concern are America’s debt and the health care law. 80% said America’s debt and deficit have a negative impact on their business, and 72% of respondents say the health care law has made hiring more difficult. (See questions 27 and 29.) Small businesses want Washington to get out of the way. In a commanding majority, 79% of small business owners say they want more certainty, and only 14% want more government assistance. (See question 14.)

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"Only 14% want more government assistance" - thank you for backing up my point with this.

The Obama healthcare law will be the greatest gift to businesses when it is fully implemented; the LA Times had an article today about a small business that saw its insurance bill soar by 60% when a few of their employees actually took advantage of it http://www.latimes.com/business/la-fi-lazarus-20110906,0,2342999.column This kind of uncertainty is precisely what the new healthcare law designed to prevent. "Uncertainty" is a lame excuse: please show me an era when certainty was prevalent, and please show me how Washington is regulating businesses out of business. The argument is illogical: if Perry can claim that Texas succeeded due to lack of regulation, then that regulation must be emanating from the state or local level, not the national level, or else Texas would have been on the same playing field as other states.

What businesses need is more sustained, predictable demand, and that will come from fuller employment, and that will come only when government resorts to Keynesian stimulus. Obama faces a great headwind in Republican intransigence here, but let's hope he's able to lead Congress to get something done.

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The Obama healthcare law will be the greatest gift to businesses when it is fully implemented; the LA Times had an article today about a small business that saw its insurance bill soar by 60% when a few of their employees actually took advantage of it http://www.latimes.com/business/la-fi-lazarus-

From the survey about this greatest gift.

Please read the following statement and respond whether you agree or disagree.

“The recent healthcare law makes it much harder for my business to hire more employees.”

TOTAL 72% NET AGREE

44% STRONGLY AGREE

28% SOMEWHAT AGREE

17% TOTALLY NEUTRAL

5% SOMEWHAT DISAGREE

7% STRONGLY DISAGREE

12% NET DISAGREE

and please show me how Washington is regulating businesses out of business. The argument is illogical:

From the survey;

Overall, how reasonable are federal government regulations of small businesses today?

TOTAL 14% NET REASONABLE

3% VERY REASONABLE

11% SOMEWHAT REASONABLE

13% TOTALLY NEUTRAL—NEITHER REASONABLE NOR UNREASONABLE

37% SOMEWHAT UNREASONABLE

36% VERY UNREASONABLE

73% NET UNREASONABLE

What businesses need is more sustained, predictable demand, and that will come from fuller employment, and that will come only when government resorts to Keynesian stimulus.

It worked so well the first time around that the vast majority of small business owners, the very engine of our job creation and economic well being cite Govt debt and deficit as the primary cause that is hurting their businesses. Tone death to what Americans are actually telling you and the Democrats about what they need to start hiring again, starting with restoring fiscal sanity in Washington and for Washington to get out of the way so they can put people back to work.

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We had ZERO job growth in August and yet all Obama wants to do is play Alinsky, demonize and further polarize.

No. Actually, that's what people like Breitbart want to do. They've been demonizing Obama from Day One.

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Obama: "Republicans must put their country ahead of their party"

He must have missed all the "Country First" signs at McCain and Palin's campaign appearances.

Anyway, this is what the Democrats need to do.

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Certainly, businesses dislike regulations - heck, my kids dislike their curfew. But does that mean we should allow willy-nilly fracking or dry cleaners to vent at will? The NYT took up this issue with this to say:

... costs of regulations are dwarfed by the gains in lengthened lives, reduced hospitalizations and other health benefits, and by economic gains like the improvement to the real estate market.

This is not to say that regulation should not be continuously fine-tuned to create a stronger economy; it does mean that what business owners complain about is not necessarily what is hampering the economy.

http://www.nytimes.com/2011/09/05/business/economy/a-debate-arises-on-job-creation-vs-environmental-regulation.html?_r=2&hp

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Term confusion one: I notice that the terms are a means of subterfuge; regulation is from a corporation perspective, yet citizens in a country follow laws. America seems to only have regulations, not laws. It's important to create the illusion that no one has any responsibilities, are not to give to their country, and if not allowed to do whatever they want are thus being held back. It's weird. Greed has destroyed the country, and laws need to be put in place. Call them what they are.

Term confusion two: people and government. It would seem in order to win any argument it is important to rail against government as harming people at all times, when governments are formed by elected people. Makes no sense. I guess with such a low voter turnout people don't even connect to the idea that they could be represented. Thus if they rail against government they are railing against the corporate control of that government not the people, so do everything possible to ensure more corporate control, not more people control. Crocodile tears

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replace in the last sentence ", so do everything possible" with ", but do everything possible"

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79% of small business owners say they want more certainty, and only 14% want more government assistance. (See question 14.)

That appears to be an oxymoron, since only laws would provide certainty. Where does this disconnect from reality come from?

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U.S. Governments do compete in some respects. They want to attract capital investment to their country, for example, to provide more jobs, higher wages and better products and services to their people. That competition offers a reason for optimism that the U.S. Congress will eventually reform the country's inefficient, investment-destroying corporate taxes. But there's still resistance. Trimming corporate tax rates is a hard sell for a lot of congressional Democrats. Businesses are divided knowing that some would lose more in tax breaks than they would gain in lower rates under any revenue neutral reform.

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How many countries with low corporate tax rates also has high paying jobs though? Paying taxes means that to avoid paying taxes companies invest in their companies since they are taxed on income not investments. By building a bigger pie their overall effectiveness increases. With low taxes there is no incentive to innovate nor invest in people. The money stays in their pockets. The American style has been to cut wages and staff and ask for more productivity to the people who remain. The result has gutted what manufacturing used to exist.

While Europe is in the doldrums, the high taxed high investment Scandinavians states are fine. It's about approach. The American one is a failure, so continuing with a failed system isn't how it's going to be fixed. Taxes need to be raised. Funny enough Reagan did that in the 80's along with removing loopholes for corporate and rich cheats resulting in 7 years of prosperity, starting from a recession I might add. This is an inconvenient history.

There has to be a price of citizenship. Paying for services needed is how a community improves. Weirdly, this is lost in America.

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sf2kSep. 07, 2011 - 09:28AM JST How many countries with low corporate tax rates also has high paying jobs though? Paying taxes means that to avoid paying taxes companies invest in their companies since they are taxed on income not investments.

Higher tax rates do not automatically been higher tax revenues and lower do not mean less. The tax rate is defined in terms of tax revenues on how much the government takes in. There is a difference between the statutory tax rate and what the government takes in. The argument is basically that stimulating the economy with lower corporate tax will result in an increase in jobs and ultimately an increase in tax revenues. The increase in tax revenues together with cuts in government spending will bend the deficit trend line and begin to reduce the national debt.

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