Obama promises more than 600,000 stimulus jobs

Full story: Newsday 109,595
President Barack Obama promised Monday to deliver more than 600,000 jobs through his $787 billion stimulus plan this summer, with federal agencies pumping billions into public works projects, schools and summer youth programs. Full Story

Since: Jul 12

Washington, DC

#118168 Nov 10, 2012
Pittakos wrote:
<quoted text>
I think they are doing their part by resisting policies that will do irreparable damage to this country. What you call "not doing their part" is really a matter of differences. Obama believes that taxing the rich will move us forward. Republicans (and myself) believe that this will send us into a recession. It would be dereliction of duty to agree to something you believe will cause us harm. If you want to call this politics then you have to agree that what Obama is doing is exactly the same thing.
Many experts have agreed that what we don't need now is to raise taxes. Many people rely upon those who make &250k or more to provide jobs. Start taking their money away and people are going to start losing more jobs. Besides, on a national scale, taking more money from "the rich" only amounts to a hill of beans when you look at the revenue it will generate. It isn't a solution. It is just Obama's continued class warfare to placate his base which consists of a lot of takers. Obama/Pelosi/Reid are the one's who are really playing politics.
One need only look at California to see what raising taxes does. It chases the jobs away. California is experiencing huge losses in jobs because people are leaving in droves. Businesses are leaving in droves. The producers will only take so much before they say "shove it" and move on.
What policies have they opposed that will do irrepairable harm to this country? Talk specifics. The policy and the irrepairable harm it will do.

Since: Jul 12

Washington, DC

#118169 Nov 10, 2012
Pittakos wrote:
<quoted text>
I think they are doing their part by resisting policies that will do irreparable damage to this country. What you call "not doing their part" is really a matter of differences. Obama believes that taxing the rich will move us forward. Republicans (and myself) believe that this will send us into a recession. It would be dereliction of duty to agree to something you believe will cause us harm. If you want to call this politics then you have to agree that what Obama is doing is exactly the same thing.
Many experts have agreed that what we don't need now is to raise taxes. Many people rely upon those who make &250k or more to provide jobs. Start taking their money away and people are going to start losing more jobs. Besides, on a national scale, taking more money from "the rich" only amounts to a hill of beans when you look at the revenue it will generate. It isn't a solution. It is just Obama's continued class warfare to placate his base which consists of a lot of takers. Obama/Pelosi/Reid are the one's who are really playing politics.
One need only look at California to see what raising taxes does. It chases the jobs away. California is experiencing huge losses in jobs because people are leaving in droves. Businesses are leaving in droves. The producers will only take so much before they say "shove it" and move on.
Many other experts say that now is the wrong time to reduce spending.
You see both examples in those that talk about the evils of sequestration being allowed to happen.

On the other hand there are those that say taxes can be increased and spending can be cut but it must be done smartly so that it does not endanger the recovery. Those making $250K and up for the most part are neither spending their money nor investing it. How would taxing them more do any harm at all?

Since: Jul 12

Washington, DC

#118170 Nov 10, 2012
Teddy wrote:
<quoted text>
....Get rid of Fema before before you start talking compromise . Throw the GAO and GSA in the mix of worthless org's in DC.
Excellent idea's Teddy. You should join me in encouraging the Republicans into making this part of their 2014 election strategy.
Teddy R

Mclean, VA

#118171 Nov 10, 2012
okb2 wrote:
<quoted text>
Those making $250K and up for the most part are neither spending their money nor investing it.
O rly.
Not spending or investing it? What exactly do you think they are doing with all those bazillions, hmmm?

Since: Aug 07

South Central Virginia

#118173 Nov 11, 2012
Teddy R wrote:
<quoted text>
O rly.
Not spending or investing it? What exactly do you think they are doing with all those bazillions, hmmm?
Sitting on cash. To much fear. T-Bills are a suckers play and with Europe, Asia and the Fiscal Cliff there is too much uncertainty.
Teddy R

Mclean, VA

#118174 Nov 11, 2012
okboston wrote:
<quoted text>
Sitting on cash. To much fear. T-Bills are a suckers play and with Europe, Asia and the Fiscal Cliff there is too much uncertainty.
"Sitting on cash??" Literally?

What exactly do you envision "sitting on cash" means, that makes your blaming behavior assertion that there are bazillions "not being invested" true? You do recognize, of course, that money on deposit in ANY form of interest-bearing account IS INVESTED, and supports lending to middle-class consumers and businesses by that deposit-taking institution in amounts greater than the amount on deposit, yes?

As for "too much uncertainty," you are absolutely correct - and the large negative reaction of markets worldwide to the rubes' re-election of the amateur Incompetent-in-Chief shows clearly the main reason for this uncertainty and pessimism.

NO ONE owes it to your statist heroes in Washington to put scarce and hard-won savings at risk just to make them look other than the prosperity-killing progressive eejits they are.

Elections have consequences. You and your fellow class warriors voted for 4 more years of the same disastrous economic decline and the same bunch of leftists who will have us slouching further down the Euro-socialist road to Greece-like ruin. The smart money (and outside of government there's only smart money) has gone to ground - and is going to stay there. So quit whining - you're getting exactly what you voted for.

Since: Jul 12

Greenbelt, MD

#118175 Nov 11, 2012
Teddy R wrote:
<quoted text>
"Sitting on cash??" Literally?
What exactly do you envision "sitting on cash" means, that makes your blaming behavior assertion that there are bazillions "not being invested" true? You do recognize, of course, that money on deposit in ANY form of interest-bearing account IS INVESTED, and supports lending to middle-class consumers and businesses by that deposit-taking institution in amounts greater than the amount on deposit, yes?
As for "too much uncertainty," you are absolutely correct - and the large negative reaction of markets worldwide to the rubes' re-election of the amateur Incompetent-in-Chief shows clearly the main reason for this uncertainty and pessimism.
NO ONE owes it to your statist heroes in Washington to put scarce and hard-won savings at risk just to make them look other than the prosperity-killing progressive eejits they are.
Elections have consequences. You and your fellow class warriors voted for 4 more years of the same disastrous economic decline and the same bunch of leftists who will have us slouching further down the Euro-socialist road to Greece-like ruin. The smart money (and outside of government there's only smart money) has gone to ground - and is going to stay there. So quit whining - you're getting exactly what you voted for.
If you don't know what you are talking about, don't. Go to bloomberg, Barrons, Investors Business Daily, Forbes, etc. and find out how much money is sitting on the sidelines.

Over $2 Trillion is scarce? REALLY?

My point remains and still stands, taxing money sitting on the sideline does no harm to the economy. On the other hand, cutting food stamps to reduce spending will have an immediate impact on the grocery business.

Since: Jul 12

Greenbelt, MD

#118176 Nov 11, 2012
Teddy R wrote:
<quoted text>
.....Elections have consequences. You and your fellow class warriors voted for 4 more years of the same disastrous economic decline and the same bunch of leftists who will have us slouching further down the Euro-socialist road to Greece-like ruin. The smart money (and outside of government there's only smart money) has gone to ground - and is going to stay there. So quit whining - you're getting exactly what you voted for.
You are right, they do. And I sincerely hope that the Republican Party maintains their destructive, obstructionist policies until November of 2014.

There were more filibusters in two years (2009-2010) than in 30 years (1950 - 1979) when Medicare, Medicaid, Civil Rights, Voting Rights, Affirmative Action and other significant legistlation was passed.

Please keep doing the same.
Teddy R

Mclean, VA

#118177 Nov 11, 2012
okb2 wrote:
<quoted text>
If you don't know what you are talking about, don't. Go to bloomberg, Barrons, Investors Business Daily, Forbes, etc. and find out how much money is sitting on the sidelines.
No need to continue the rhetorical fencing over this "point." We both recognize investors and businesses are protecting their financial assets in low-risk/low-return INVESTMENTS (e.g., cash deposits, treasuries) because the expected returns on riskier investments in the flaccid Obama economy remain unattractive.
okb2 wrote:
<quoted text>Over $2 Trillion is scarce? REALLY?
Bogus rationalization for confiscating individuals' private savings.

To the INDIVIDUAL who has scrimped, saved, and sacrificed for lifetime to build up those savings - yes. They don't have another lifetime to recoup after you and your statist heroes in Washington confiscate, "redistribute," and squander them to get themselves thru the next election, like political crack hos.
okb2 wrote:
<quoted text>My point remains and still stands, taxing money sitting on the sideline does no harm to the economy. On the other hand, cutting food stamps to reduce spending will have an immediate impact on the grocery business.
To anyone who cares about what happens beyond the next election, your point is patently false, on two counts:

1) Yes, long-term savings confiscated from the private economy and spent by the federal government on short-term consumption (or handed out to politically favored recipients who will, in turn, spend it on short-term consumption) DOES wreak PERMANENT HARM to the economy over the long-term, by depleting capital stocks and worsening the capital-labor ratio, resulting in lower productivity.

2) Cutting food stamps to reduce spending will have an immediate POSITIVE impact on the grocery business - food stamps are INFLATIONARY. Cutting food stamps will help REDUCE INFLATION of food prices.
Teddy R

Mclean, VA

#118178 Nov 11, 2012
okb2 wrote:
<quoted text>
You are right, they do. And I sincerely hope that the Republican Party maintains their destructive, obstructionist policies until November of 2014.
There were more filibusters in two years (2009-2010) than in 30 years (1950 - 1979) when Medicare, Medicaid, Civil Rights, Voting Rights, Affirmative Action and other significant legistlation was passed.
Please keep doing the same.
And I sincerely hope you remain stuck on stupid with the partisan blaming behavior. You're certainly off to a good start.

But quit whining about it. You got what you voted for.
Sad Sal

Hollywood, FL

#118179 Nov 11, 2012
Watch for what you wish for as you might get it. Thank you to everyone who voted Obama without understanding how economics work. The layoffs begin:

http://theeconomiccollapseblog.com/archives/s...

Since: Jul 12

Greenbelt, MD

#118181 Nov 11, 2012
Teddy R wrote:
<quoted text>
No need to continue the rhetorical fencing over this "point." We both recognize investors and businesses are protecting their financial assets in low-risk/low-return INVESTMENTS (e.g., cash deposits, treasuries) because the expected returns on riskier investments in the flaccid Obama economy remain unattractive.
<quoted text>
Bogus rationalization for confiscating individuals' private savings.
To the INDIVIDUAL who has scrimped, saved, and sacrificed for lifetime to build up those savings - yes. They don't have another lifetime to recoup after you and your statist heroes in Washington confiscate, "redistribute," and squander them to get themselves thru the next election, like political crack hos.
<quoted text>
To anyone who cares about what happens beyond the next election, your point is patently false, on two counts:
1) Yes, long-term savings confiscated from the private economy and spent by the federal government on short-term consumption (or handed out to politically favored recipients who will, in turn, spend it on short-term consumption) DOES wreak PERMANENT HARM to the economy over the long-term, by depleting capital stocks and worsening the capital-labor ratio, resulting in lower productivity.
2) Cutting food stamps to reduce spending will have an immediate POSITIVE impact on the grocery business - food stamps are INFLATIONARY. Cutting food stamps will help REDUCE INFLATION of food prices.
Not bogus at all. And if you did your homework you would realize how bogus your explanation is.

Since: Jul 12

Greenbelt, MD

#118182 Nov 11, 2012
Teddy R wrote:
<quoted text>
And I sincerely hope you remain stuck on stupid with the partisan blaming behavior. You're certainly off to a good start.
But quit whining about it. You got what you voted for.
I was answering your whine with some cheese. And of course there is that hope for no change on the part of the Republicans.

Since: Sep 12

Location hidden

#118183 Nov 12, 2012
recover is not in obamas plan .destorying it is the main plan for obama and thank to all u for helping ur bozo obama

Since: Jul 12

Capitol Heights, MD

#118184 Nov 12, 2012
olddogs1964 wrote:
recover is not in obamas plan .destorying it is the main plan for obama and thank to all u for helping ur bozo obama
You are just another disgruntled loser.

Since: Sep 12

Location hidden

#118185 Nov 12, 2012
okb2 wrote:
<quoted text>
You are just another disgruntled loser.
your just stupid and cant and wont see the truth at all so go blam ur self for ur doom thats coming around the bend . in joy ur dumb disisions

Since: Sep 12

Location hidden

#118186 Nov 12, 2012
WeAreScrewed wrote:
<quoted text>Thanks Repubs, your last 2 terms are DIRECTLY responsible for 911, 2 wars & the largest global economic decline in history...most importantly you are DIRECTLY responsible for HUSSEIN OBAMA being our current president...God help us!
i blam it all on obama and thats the truth
Predatory Capitalists

AOL

#118187 Nov 12, 2012
Teddy R wrote:
<quoted text>
No need to continue the rhetorical fencing over this "point." We both recognize investors and businesses are protecting their financial assets in low-risk/low-return INVESTMENTS (e.g., cash deposits, treasuries) because the expected returns on riskier investments in the flaccid Obama economy remain unattractive.
<quoted text>
Bogus rationalization for confiscating individuals' private savings.
To the INDIVIDUAL who has scrimped, saved, and sacrificed for lifetime to build up those savings - yes. They don't have another lifetime to recoup after you and your statist heroes in Washington confiscate, "redistribute," and squander them to get themselves thru the next election, like political crack hos.
<quoted text>
To anyone who cares about what happens beyond the next election, your point is patently false, on two counts:
1) Yes, long-term savings confiscated from the private economy and spent by the federal government on short-term consumption (or handed out to politically favored recipients who will, in turn, spend it on short-term consumption) DOES wreak PERMANENT HARM to the economy over the long-term, by depleting capital stocks and worsening the capital-labor ratio, resulting in lower productivity.
2) Cutting food stamps to reduce spending will have an immediate POSITIVE impact on the grocery business - food stamps are INFLATIONARY. Cutting food stamps will help REDUCE INFLATION of food prices.
Wait, so poor people can't hide their privately hard earned yard sale or baby sitting money from Uncle Sam by hiding it in mattress or by getting paid under the table but it's perfectly fine for billionaires to hide $23 Trillion in earnings in offshore accounts from the IRS instead of investing it in building more US factories and hiring more US workers?

If Food Stamps are cut back and more people will buy less food or be forced to shop at discount grocery stores and buy cheaper non brand food items. Won't main stream Grocery stores increase their already inflated prices to maintain a profits or will they lay off employees too?

You know what. Let's do away with the middlemen stuck outside of realty all together, cut food stamps and buy milk, produce, meats other items from local stores or nearby farmers. Buy buying local we keep the money in our towns, our states. This will cut back on paying for national transportation costs, national adverting costs all stuck on a the same can of beans I can get at a lower price at a discount grocer. If businessmen built up their empires it all by themselves they won't miss consumers at all. I mean seriously, why should I keep paying for extras like adverting for the stores or the brands or some over valued idiot's salary so he can sit on his behind and do nothing but cut back the wages, benefits and hours of those who actually do the real heavy lifting?

In the conservatives alternative reality they are terrified a crack ho stealing a penny when in fact corporations have redistributed (robbed) the wealth of global workers/consumers of TRILLIONS of dollars that sit unused off shore. Pirated away so some con artists can build themselves castles and make others believe he made all that money by himself when others did the actual work. To hear conservative Republicans talk they laid that egg you are about to buy in your local grocer. To give credit to the hen in the cage would be too communistic.
Teddy R

Houston, TX

#118188 Nov 12, 2012
okb2 wrote:
<quoted text>
he and his supporters (to include me) are willing to let all the tax cuts expire and start over with new slate. The Republicans can negotiate now or later.
Real Americans do not negotiate with terrorists.
okb2 wrote:
<quoted text>
markets are not crashing. Heck, the drop does not even qualify as a correction.
DJIA at 4 pm close on Nov 6, when hope still remained that America might vote out the amateur incompetents and vote in competent government: 13,245.68
DJIA at 1:10 pm today: 12,846.79

Down 3 percent - and continuing to fall ... over $100 billion in capital market value wiped out in less than a week thanks to the rubes' re-election of Axelrod's & Jarrett's trained suit.
okb2 wrote:
<quoted text>
The country will recover if the Republicans will stop playing politics and start trying to help do their part in managing the country.
The country will recover if Obama starts acting like a fiscally responsible POTUS, quits the partisan blame game and drops the divisive class warrior BS, and demands Congress slash federal spending back to a sustainable 18% or less of GDP where it belongs.

And pigs might fly.

No - America voted for - and got - NO hope and NO change; 4 more years of amateurish incompetence and failure, and more partisan class war blaming rhetoric as lame excuse for it.
Teddy R

Houston, TX

#118190 Nov 12, 2012
Predatory Capitalists wrote:
<quoted text> Wait, so poor people can't hide their privately hard earned yard sale or baby sitting money from Uncle Sam by hiding it in mattress or by getting paid under the table but it's perfectly fine for billionaires to hide $23 Trillion in earnings in offshore accounts from the IRS instead of investing it in building more US factories and hiring more US workers?
A bullsh!t strawman argument.

Failing to report income and failing to report offshore accounts are both illegal - all of the tax cheats you're whining about should be busted and punished. So what's your point?

Oh - that's right - you don't have one.
Predatory Capitalists wrote:
<quoted text>If Food Stamps are cut back and more people will buy less food or be forced to shop at discount grocery stores and buy cheaper non brand food items. Won't main stream Grocery stores increase their already inflated prices to maintain a profits or will they lay off employees too?
You know what. Let's do away with the middlemen stuck outside of realty all together, cut food stamps and buy milk, produce, meats other items from local stores or nearby farmers. Buy buying local we keep the money in our towns, our states. This will cut back on paying for national transportation costs, national adverting costs all stuck on a the same can of beans I can get at a lower price at a discount grocer. If businessmen built up their empires it all by themselves they won't miss consumers at all. I mean seriously, why should I keep paying for extras like adverting for the stores or the brands or some over valued idiot's salary so he can sit on his behind and do nothing but cut back the wages, benefits and hours of those who actually do the real heavy lifting?
In the conservatives alternative reality they are terrified a crack ho stealing a penny when in fact corporations have redistributed (robbed) the wealth of global workers/consumers of TRILLIONS of dollars that sit unused off shore. Pirated away so some con artists can build themselves castles and make others believe he made all that money by himself when others did the actual work. To hear conservative Republicans talk they laid that egg you are about to buy in your local grocer. To give credit to the hen in the cage would be too communistic.
Wow. Congratulations. You win the prize for the most irrational addle-pated anti-corporate claptrap post of 2012.

How would you like your sheepdog wrapped?

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