Obama promises more than 600,000 stimulus jobs

Full story: Newsday

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.

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ALICIA BANKS

Little Rock, AR

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#118163
Nov 10, 2012
 
hobama is a liar

cc MILLIONS of hobamacare layoffs that loom

kudos to the sheeple!

shame!!!!!!!!!!

http://aliciabanks.xanga.com/769548050/select...
Tup

United States

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#118164
Nov 10, 2012
 
haha

Since: Nov 08

Provo, UT

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#118165
Nov 10, 2012
 

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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.
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.
Teddy

Conshohocken, PA

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#118167
Nov 10, 2012
 

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Pfluger the Union Monkey wrote:
Boehner, having again held out an olive branch, only to have it shoved back in his face, should now block EVERYTHING that the Kenyan Stooge proposes.
Put it all on The Kenyan. Boehner should realize that you cannot negotiate with terrorists.
He doesn't know how or who he is going to be negotiating with. Valerie Jarrett will be the first line he has to cross and he'll sell all his rich white brothers down to save his own neck . Get rid of Fema before before you start talking compromise . Throw the GAO and GSA in the mix of worthless org's in DC.

Since: Jul 12

Waldorf, MD

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#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

Waldorf, MD

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#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

Waldorf, MD

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#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

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#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

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#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

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#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

Crofton, MD

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#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

Crofton, MD

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#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

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#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

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#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

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#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

Crofton, MD

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#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

Crofton, MD

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#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

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#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

Washington, DC

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#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

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#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

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