Obama promises more than 600,000 stimulus jobs

joe wrote:

Hard to explain President Obama's "socialist policies", given that the federal tax rate, as a percentage of gdp, is the lowest it's been since the first quarter of 1950.

Federal spending, joe.

Federal SPENDING.

SPENDING.

SPENDING.

SPENDING.
SPENDING.

SPENDING.

SPENDING.

SPENDING.

SPENDING.

Get it?

BUSH TAX RATE wrote:

<quoted text>
The Bush tax RATE has put $3,000+ dollars in my pocket each year.

If the cuts out that amount in your pocket, how much was put into the pockets of the big corps? Where are all the jobs that were promised from the windfall they got?

Pfluger the Union Monkey wrote:

Is it Recovery Summer?

Heeeyyyy, Pfluge! Welcome back-- I knew you couldn't sit this one out. It's going to make Carter's defeat look like a photo finish.

What have you been doing with yourself?

Teddy R wrote:

<quoted text>
Federal spending, joe.
Federal SPENDING.
SPENDING.
SPENDING.
SPENDING.
SPENDING.
SPENDING.
SPENDING.
SPENDING.
SPENDING.
Get it?

It's not just the insane spending, it's the tryannical overreach of the Federal Government.

All I know is ... I love justin Bieber <3

okboston wrote:

<quoted text>
And that resulted in 1,000,000 private sector jobs over 8 years. clinton raised taxes and 20,000,000 private sector jobs were created.
Again, what good did the tax cuts do the nation? After all, isn't one of the primary reasons given for a tax cut is job creation?
What good did they do?

My God, what a simpleton. Have you learned NOTHING from participating in this dialogue? What do tax cuts do for the nation? How about letting people keep the fruits of their labor?

But hey, you're just another pseudointellectual wannabe dictator living in West Bumfook, VA, telling people how much money they are allowed to earn before the next dollar is confiscated in the name of The People. Except for people with the "right" Party membership, eh- comrade? All animals are equal, but some are more equal than others.

OkBoston ANd obamanomics...
Your job/monthly is to low, before the recession
read!
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b growth was disappointing in May and it remains very difficult to find a job.
Private and government payrolls combined rose by just 69,000 jobs in May. Private employers added 82,000 jobs, while government employment fell by 13,000. Federal and state employment each fell by 5,000 jobs and local government employment fell by 3,000.
This is the 27th straight month of private-sector job creation, with payrolls growing by 4.3 million jobs (a pace of 158,000 jobs a month) since February 2010; total nonfarm employment (private plus government jobs) has grown by 3.8 million jobs over the same period, or 139,000 a month. The loss of 502,000 government jobs over this period was dominated by a loss of 377,000 local government jobs.
Despite the 27 months of private-sector job growth, there were still 5.0 million fewer jobs on nonfarm payrolls in May than when the recession began in December 2007 and 4.6 million fewer jobs on private payrolls. Payroll job growth has averaged just 96,000 over the last three months, a substantial step backwards from the pace of job creation in the three months before that. May’s 69,000 jobs added is the smallest such figure in a year. The number of jobs created in March and April was also revised down.
The unemployment rate edged up to 8.2 percent in May, and the number of unemployed Americans rose slightly to 12.7 million. The unemployment rate was 7.4 percent for whites (3.0 percentage points higher than at the start of the recession), 13.6 percent for African Americans (4.6 percentage points higher than at the start of the recession), and 11.0 percent for Hispanics or Latinos (4.7 percentage points higher than at the start of the recession).
The recession and lack of job opportunities drove many people out of the labor force, and we have yet to see a sustained return to labor force participation (people aged 16 and over working or actively looking for work) that would mark a strong jobs recovery. The labor force did, however, increase in May, reversing April’s decline. The number of people with a job rose by 422,000 and the number of people looking for a job rose by 220,000.(These numbers come from a different survey, which shows more month-to-month volatility than the payroll job growth numbers.)
The labor force participation rate (the percentage of people aged 16 and over working or looking for work) edged up to 63.8 percent but before the current economic slump, labor force participation had not been this low since 1983.
The share of the population with a job, which plummeted in the recession from 62.7 percent in December 2007 to levels last seen in the mid-1980s and has been below 60 percent since early 2009, edged up to 58.6 percent in May.
The Labor Department's most comprehensive alternative unemployment rate measure — which includes people who want to work but are discouraged from looking (those marginally attached to the labor force) and people working part time because they can't find full-time jobs — was 14.8 percent in May, down from its all-time high of 17.4 percent in October 2009 in data that go back to 1994, but still 6.0 percentage points higher than at the start of the recession. By that measure, over 23 million people are unemployed or underemployed.
Long-term unemployment remains a significant concern. Over two-fifths (42.8 percent) of the 12.7 million people who are unemployed — 5.4 million people — have been looking for work for 27 weeks or longer. These long-term unemployed represent 3.5 percent of the labor force. Before this recession, the previous highs for these statistics over the past six decades were 26.0 percent and 2.6 percent, respectively, in June 1983.
http://www.cbpp.org/cms/index.cfm...

Above Data from nonpartisan stats site!

So how long with it take for employment to return to pre-recession levels? Using the average annual growth in employment for the pre-GFC period, it will take at least four years of average growth in employment to get back to the employment levels in 2008. Average job growth in the U.S. from 1970 to 2007 was 375,000 jobs per month. But so far, even in the best months of the recovery, job growth has been 50,000-60,000. At 375,000 it would be 2015 before the lost jobs from the recession were recovered. Using the best recovery rate recorded so far (60,000) it would take the labor market until 2023 to reach 2007 job levels.

http://gbr.pepperdine.edu/2011/09/labor-pains...

ublic Employment’s Contribution to Past Job Growth

To understand the importance of public employment it is useful to review how the United States’ labor market has changed. Comparing the ratio of jobs in different sectors from 1970 to 2008 shows how different the U.S. labor market is. Employment in agriculture is down 41 percent, in manufacturing it is down 32 percent, and in services it is up 131 percent.[5] The U.S. is a services economy and public employment is included in the services sector. In 2010, public employment was approximately 20 percent of services employment and 16 percent of total employment.[6]

From 1970 to 2008 public employment growth was positive but not as high as private sector employment growth. Public sector employment grew 63 percent compared to 85 percent for the private sector, which means that public sector employment, as a percentage of total employment, declined from 22 percent to 20 percent. When public and private employment changes were compared on an annual basis for years when GDP grew versus when GDP declined, an interesting pattern emerged. The correlation between private and public sector employment growth is 0.985, which means that when private sector employment changes, 98.5 percent of the time public sector employment changes in the same direction.

Teddy R wrote:

<quoted text>
Federal spending, joe.
Federal SPENDING.
SPENDING.
Get it?

Yeah, we all hear the lemming cry, er, whine. Problem is the government isn't spending enough. Not nearly enough.

You guys keep whining about the effects of spending in the future, but the reality is we must spend more now and more effectively to fuel the economy in order to pay back the debt in the future.

Use the model that business actually uses instead of the doomsday dribble about future debt that is the exact opposite of what an optimistic, free-enterprise business plan would call for.

Quit selling America short. We've NEVER accomplished anything in this country by hunkering down in fear.

None of you even believe in free enterprise or understand what it's predicated on. Bunch of whiny cowards.

Teddy R wrote:

<quoted text>
Must have missed it - or just had to look away, I don't know.
He's got half a grip on certain aspects - but he's so completely off with the fairies when it comes to understanding money, finance, and financial markets, it's just impossible to have a useful convo on those topics.
None so blind that will not see ...

Yeah. Like the Obamatrons, who four years ago were deleriously chanting "yes we can!" and believed in the stupid "hopenchange" promise from an inexperienced Chicago machine politician with very little relevant experience.

joe wrote:

<quoted text>
Yeah, we all hear the lemming cry, er, whine. Problem is the government isn't spending enough. Not nearly enough.

None of you even believe in free enterprise or understand what it's predicated on. Bunch of whiny cowards.

..."the government isn't spending enough". Play that tune for the next 4+ months and see how the voters respond. I guess your memory doesn't take you back to November 2010 when American voters spoke last. It's funny how you call others 'whiny' yet your quote above is the ultimate Democrat whine.

Say the Truth wrote:

<quoted text>
Heeeyyyy, Pfluge! Welcome back-- I knew you couldn't sit this one out. It's going to make Carter's defeat look like a photo finish.
What have you been doing with yourself?

I finally fully retired, and spent some time out of the loop.

Now I am back. Unfortunately, as bad as I thought Obama was since day one, I was completely wrong. He is even worse. Not only is he incompetent, but he is corrupt as hell, spreading our tax money around to his union buddies and campaign buddies.

Unfortunately, there are so many people who pay no taxes, and so many union monkeys who get paid by the government, he may win. That's been the DNC's real plan all along to get a permanent majority. It could work, until it all blows up like Greece or what is about to happen in Spain and possibly Italy.

Today The Kenyan is scheduled to give another speech.

No need to tune in. He will blame Bush, of course. He will make wild claims that Republicans will destroy Medicare and Social Security, and then he will speak to his audience, using simple analogies that they can understand.

I remember a few:

"You put the car in D for drive, R for reverse."

"Everyone knows when the plane is taking off you push the throttle forward."

His silly restaurant analogy the other day, blaming the deficits the last three years on Bush.

And so on.... Ridiculous stuff to fool the uninformed and stupid.

This is what his supporters can understand.

Pfluger the Union Monkey wrote:

<quoted text>
I finally fully retired, and spent some time out of the loop.
Now I am back. Unfortunately, as bad as I thought Obama was since day one, I was completely wrong. He is even worse. Not only is he incompetent, but he is corrupt as hell, spreading our tax money around to his union buddies and campaign buddies.
Unfortunately, there are so many people who pay no taxes, and so many union monkeys who get paid by the government, he may win. That's been the DNC's real plan all along to get a permanent majority. It could work, until it all blows up like Greece or what is about to happen in Spain and possibly Italy.

welcome back Pflug......and just in time. The Court's ruling on Healthcare is imminent and oh, will the screaming begin.

joe wrote:

<quoted text>
Yeah, we all hear the lemming cry, er, whine. Problem is the government isn't spending enough. Not nearly enough.
You guys keep whining about the effects of spending in the future, but the reality is we must spend more now and more effectively to fuel the economy in order to pay back the debt in the future.
.

Yeah, ok. What evidence do you have that this has EVER worked?? Has it worked in Greece - they spent plenty.

Has Obama's "stimulus" worked? How will pushing more money to states (i.e. unionized workers) stimulate the economy? How will delaying the inevitable need to modernize public sector pension benefits and restructuring entitlement programs by adding trillions in long term debt create growth?

How does opposing all forms of carbon based energy sources while pushing some pie-in-the-sky technology that does not yet exist create economic growth.

How does anyone but a leftist ideologue oppose an absolute no- brainer like the Keystone pipeline?

That's just a few questions. Answer me that.

Guinness Drinker wrote:

<quoted text>
welcome back Pflug......and just in time. The Court's ruling on Healthcare is imminent and oh, will the screaming begin.

Thanks. Glad to see you're still around, helping to keep it real.

You're right on the screaming, of course. Lets see how Obama screams if SCOTUS blows up Pelosi-care. He will probably attack the Supreme Court again as politically motivated. Maybe he will declare that SCOTUS is "dead" to him, like his handlers did with Corey Booker.

That's all he knows - blaming and demonizing others. Oh, and spreading the cash to his buds, Chicago style.

"The President arrived facing an unprecedented array of challenges, and is meeting them with a bold, comprehensive plan. He passed the most ambitious recovery package in history to address the economic crisis. He is reimagining government to be more open, transparent, and accountable. And he is restoring America's alliances abroad, as well as our American values here at home."

http://www.whitehouse.gov/issues/

"Re-imagining" is the only accurate part. He has re-imagined that the economy is fine, that we are winning in Afghanistan, that he has held the line on federal spending, that he has saved us from a depression, that he has delivered justice to Bin Laden, that he had reduced health care costs with his "affordable care", and that he has improved relations in the Middle East.

THE STRAW MAN wrote:

<quoted text>OKBOSTON needs to create a straw man (4 year plan) to justify in his mind the need to end the BUSH TAX RATES. His post are full of double speak and moving the topic around like a three card monte dealer. Then you get the "I already stated I am supporting Republikcan this year based on their promises." #115718 (deception) followed by advocating a 90% tax rate. He's pulling the lever for Obama.

Of course. He's just reverting to his usual act as a pouting little child on the verge of a tantrum because he sees his tattered, stained, stinky, and useless Obobo security blanket is about to be thrown out with the trash.

It's clear to all serious observers and professional pols that the present tax rates will be extended before they expire at the end of the year.

Why? Let's look at the big picture -

1) US Public opinion is overwhelmingly concerned right now with continued high unemployment and economic stagnation, dwarfing all other concerns. By comparison, concerns over taxation, deficits, healthcare, and the myriad of the other favorite bullshit progressive "issues" like gay marriage, etc. the hapless Obobons are desperately trying to spin up as a smokescreen to cover Obobo's epic failure to deliver economic recovery draw at most 10% of the public identifying them as issues of primary concern. IT'S THE ECONOMY, STUPID.

2) Unemployment in the private sector is running TWICE the unemployment rate in the public sector (which is feeling no pain - at a normal 4% unemployment, as if there were no recession)- even higher if calculated in the basis of historically normal labor force participation rates.

3) Demand in the government sector does NOT drive the economy - the private economy does. Each 1% of annual GDP growth is worth about $1 TRILLION in additional tax revenue - even at present tax rates. The current economic growth rate in the US economy is anemic at best - it's as obvious as a coal pile in a ballroom that the US needs to GROW its way out of the fiscal and economic hole we're in, and it's PRIVATE SECTOR economic growth that needs to be promoted. We need to get back to GDP annual growth rates in the neighborhood of 3.5% annually if we're going to dig out.

What promotes private sector expansion? Experience teaches us plainly:

- STABILITY of tax policy, monetary policy, and favorable business climate that lowers investment risks, calms consumers' present fears of impending inflation, double-dip recession, further financial shocks, and continued erosion of housing values. These perceptions and fears, aggravated by the inane and unpredictable reactionary/progressive sail-trimming and political posturing by the Obobo mob, is what is causing consumers and investors to stay hunkered down and not spend or invest.

- LOW TAXES that keep the US competitive in world markets as a place to invest and do business

So we can expect there will be no appetite in Congress to do anything about the "fiscal cliff" or expiring tax provisions before the election.

After the election, the Obobons will be thrown out, a fresh and competent administration that understands the mission imperative of restoring consumer and business confidence and growing the privae economy will be in, the windows will be thrown open, and sunlight will stream in. The present tax regime will be further extended to provide the necessary stability and business certainty.

After the lame-duck session ends, a new Congress, with a competent and experienced LEADER in place in the White House, will turn to the important and badly-needed task of effecting comprehensive tax reform as well as repealing and replacing the travesty of ObamaScare.

I'm feeling quite positive about the prospects for the nation once the present mob of incompetents is out of the White House.