I've tuned the guy out ever since his little chat with Joe the plumber. All it takes is a word like "Redistribution" to make me go glossy eyed.Does anyone have any information or did Obama explain how he plans on building from the middle class out?
lol, that's about it.
I've researched trying to understand Obama's plan to grow the economy from the middle class out but can't find anything that explains the plan. What it does look like is as us usual the middle class get screwed again. No one seems to be able to explain it.
Raise taxes on the rich, more people on welfare, spend money that our kids will have to pay for, more solyndras and throw out a few breadcrumbs. I'll bet it would stick in people's crawl that the rich are getting richer during this administration because of all the printing but because there is less demand the rich can not hire because the middle class are getting hurt.
They are getting richer by owning assets. With all the printing it is devaluing the value of money which hurt the middle class and the poor because the prices of everything is going up. One way the rich can borrow money at cheap interest rates and buy assets but the middle class can't take advantage of the low interest rates because they either lost jobs or their balance sheets are in bad shape. As I said, Obama is really screwing the middle class again.
Does anyone have any information or did Obama explain how he plans on building from the middle class out?
then allow me.
1. Incentivize manufacturers to stay or return to america and hire american workers.
2. Pass the buy american bill (exempt canadians please) for all government contracts.
...
Blah, blah, blaaaaaah, blah, bla, blh...
then allow me.
1. Incentivize manufacturers to stay or return to america and hire american workers.
2. Pass the buy american bill (exempt canadians please) for all government contracts.
3. Enforce or impose existing trade tarrifs against china (et.al.) dumping manufactured goods in US.
4. Invest in new technologies like green energy (a longer term payoff, but massively important)
5. Improve access to higher education for all capable citizens.
6. Invest in badly needed new infrastructure:roads, ports, airports, rail, schools,
7. Sign more trade agreements
8. Incentivize/reward small businesses hiring.
9. Establish broad range of re-training opportunities for existing workforce.
10. Provide mortgage assistance for underwater mortgages (stablize housing market where the bulk of middle class equity resides)
11. End currency wars.
12. Enact consumer protection regulations for consumer credit suppliers (credit cards, mortgages, loans)
13. Enact banking regulations that significantly increase asset ratios of lending institutions
14. impose limits on esoteric financial instruments like derivatives
That is a quick list. there's lots more that both sides agree needs to be done, but differ on how, like tax code reform, entitlement reform, programs rationalizaton.
The "devaluing" of the american dollar is transient., It does go up and down like a toilet seat. However, since the Fed seems to have absolutely NO trouble in selling billions more dollars, the financial world doesn't seem quite as concerned as you about it, and inflation isn't an issue at this point.
No doubt you are familiar with the simple strategy of "buy low, sell high". Its a fundamental part of capitalism. Are you suggesting that Obama is responsible for this particular strategy?
I suggest you give this a read: The American Jobs Act — President Barack Obama's Jobs Plan
Unlike Romney's plan, independent economists have concluded that Obama's plan would work:
Obama Jobs Plan Prevents 2012 Recession in Survey of Economists - Bloomberg
Macroadvisers: American Jobs Act: A Significant Boost to GDP and Employment
An Analysis of the Obama Jobs Plan
And of course Obama would eliminate the top Bush tax cuts. He has also proposed that we lower the top corporate marginal tax rate, keeping it revenue neutral by eliminating some deductions.
Obama does not have a plan to improve your life directly. There is no hand out. You will actually have to get up off your butt and improve your personal life on your own. Now as how he plans on improving america there are many ways. Despite the claims of Romtards there is no free ride for Obama supporters.
HAND and HTH
Refundable Credits
• Create refundable "Making Work Pay Credit" of 6.2 percent of the first $8,100 of earnings,
yielding a maximum credit of $500 per worker
• Create refundable "Universal Mortgage Credit" for nonitemizers equal to 10 percent of the
first $8,000 of mortgage interest, yielding a maximum credit of $800
• Make Hope Credit refundable and equal to up to $4,000 of college tuition and fees (for the
first two years of college); rename it the "American Opportunity Tax Credit"
• Make Saver's Credit refundable and change to a 50 percent match of the first $1,000 of
contributions to retirement savings accounts
• Make Child and Dependent Care Tax Credit refundable and raise maximum credit rate to 50
percent; phase credit rate down faster starting at $15,000 income
• Extend Earned Income Tax Credit (EITC) phase-in range and increase phaseout threshold
for childless workers; raise EITC phase-in rate to 45 percent for families with three or more
children; raise extension of EITC phase-out threshold to $5,000 for married filers
2001/2003 Tax Cuts
• Make permanent the 10, 15, 25, and 28 percent rates; child credit expansions; and changes
affecting tax implications of marriage
• Restore 36 and 39.6 percent statutory income tax rates in 2009
• Restore phaseouts of personal exemptions and itemized deductions (PEP and Pease) for
taxpayers making more than $200,000 ($250,000 for married couples); increase thresholds
Other Individual Tax Cuts
• Eliminate income tax for seniors with annual income less than $50,000
• Temporarily eliminate income tax on unemployment insurance
Business Tax Cuts
• Make permanent tax credits for Research and Development (R&D) and for renewable energy
production (wind, solar)
• Provide a refundable $3,000 credit per added employee for firms that expand their workforce
Capital Gains
• Increase maximum capital gains rate to 20 percent for those earning more than $200,000
($250,000 for married couples)
• Require information reporting of basis for assets sold
Alternative Minimum Tax: Make permanent the 2007 AMT patch and index it for inflation
Estate Tax: Make estate tax permanent with $3.5 million exemption and 45 percent rate
Simplification: Allow taxpayers with simple returns the option of IRS-completed tax forms to
verify, sign, and file
Revenue Raisers and Tax Havens
• Eliminate loopholes for oil and gas firms
• Close loopholes in the corporate tax deductibility of CEO pay
• Tax carried interest as ordinary income
• Reallocate multinational tax deductions
• Impose a windfall profits tax on oil and gas companies
• Require publicly traded financial partnerships to pay corporate income tax
• Codify economic substance doctrine (requires transactions that qualify for tax benefits have
economic justification beyond those benefits)
• Create an international tax haven watch list of countries who do not share information with
the U.S. and require greater financial disclosure to decrease tax shelters
Health
• Create income-based tax subsidies for health insurance purchased through new health
insurance exchange
• Require employers to provide insurance or pay a percentage of payroll to support national
plan
• Give small businesses a healthcare tax credit of 50 percent of employer-paid premiums
Other Proposals
• Impose additional Social Security tax of 2-4 percent (combined employer and employee) on
workers with income above $200,000 ($250,000 for married couples)
• Allow penalty-free withdrawal of up to 15 percent (maximum $10,000) from retirement
accounts
• Mandate automatic 401(k)s and IRAs
• Temporarily suspend rules requiring distributions from IRAs at age 70½ and taxes on such distributions.
Most of you don't even know what he proposes. What happened to, you know, actually having the facts?
Another post of grandiose socialist reforms...
All backed by an even bigger increase in Government Institutionalized Racial Preferences.
It does NOT matter if THIS time he ( and the Socialist ) really, really, REALLY mean it!
As a White American, myself and my family will not "Qualify".
Time for Obama to go.
I'm sorry....where are these "racial preferences" in the list?Another post of grandiose socialist reforms...
All backed by an even bigger increase in Government Institutionalized Racial Preferences.
It does NOT matter if THIS time President Obama ( and the Socialists ) really, Really, REALLY mean it!
As a White American, myself and my family will not "Qualify".
Time for Obama to go.
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Which is why I am wondering why no one is talking about his budget proposal...I'm with you, but at least we should have the facts, don't you think? If a thread is going to discuss his plans, actually, you know, putting his plans out there would seem to make sense.
What rubbish, the only bit of inflation is coming from energy, read: oil. Money supply is not causing inflation, nor did it when billions were being pumped into banks by the fed. And even if what you claim was/is happening, everything would be losing value, especially "assets".I'll bet it would stick in people's crawl that the rich are getting richer during this administration because of all the printing but because there is less demand the rich can not hire because the middle class are getting hurt.
They are getting richer by owning assets. With all the printing it is devaluing the value of money which hurt the middle class and the poor because the prices of everything is going up. One way the rich can borrow money at cheap interest rates and buy assets but the middle class can't take advantage of the low interest rates because they either lost jobs or their balance sheets are in bad shape. As I said, Obama is really screwing the middle class again.
Even IF President Obama were to do more than just Campaign Promise and Forget all of that, like the "Shovel Ready Jobs" Promises...
Even If, It would would not matter to myself or 64% of the other Americans whom the Obama Adminstration were informed by Robert Riche "We don't want these Stimulus package jobs to go to White Men" or their families.
I doubt this line of BS is any more real than the "Shoven Ready Jobs", but it wouldn't matter to my family, as White Americans, We don't "Qualify".
Time for Obama to go.
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1. Incentivize manufacturers to stay or return to america and hire american workers. - How exactly?
2. Pass the buy american bill (exempt canadians please) for all government contracts. - Why this wasn't done 4 years ago or 40 years ago I don't understand.
3. Enforce or impose existing trade tarrifs against china (et.al.) dumping manufactured goods in US. - Why isn't this already being done?
4. Invest in new technologies like green energy (a longer term payoff, but massively important) - agreed
Improve access doesn't mean pay for it. It means MORE PEL grants, more efficient cost effective loan process and collection process. I agree improve education, which is why there are performance incentives for state grant monies now.Improve access to higher education for all capable citizens. - No. Improve education. There's no reason people can't pay for their own.
6. Invest in badly needed new infrastructure:roads, ports, airports, rail, schools, - Yada, yada. Same old song.
7. Sign more trade agreements - Look at the damage so far and tell me that more damage is good.
8. Incentivize/reward small businesses hiring. - Yes. But how?
9. Establish broad range of re-training opportunities for existing workforce.
10. Provide mortgage assistance for underwater mortgages (stablize housing market where the bulk of middle class equity resides) - BAD idea. Already tried that. It needs to stabilize and not constantly be interfered with.
11. End currency wars.- Meaning?
12. Enact consumer protection regulations for consumer credit suppliers (credit cards, mortgages, loans) - already done.
13. Enact banking regulations that significantly increase asset ratios of lending institutions - Agreed
14. impose limits on esoteric financial instruments like derivatives - Why not 4 years ago?
Just more BOMFOG is what I'm seeing.
....but then turn around and rape them in corporate tax hikes. Is he going to at least kiss them first?1. Incentivize manufacturers to stay or return to america and hire american workers.
Buy what? Even 90% of goods at Target are really from Indonesia.2. Pass the buy american bill (exempt canadians please) for all government contracts.
So basically destroy freedom of choice for American consumers, thus driving costs up. Good job, Barack.3. Enforce or impose existing trade tarrifs against china (et.al.) dumping manufactured goods in US.
It's not a "long term payoff" if the company goes under. (See here for all the Obama pet projects that have failed)4. Invest in new technologies like green energy (a longer term payoff, but massively important)
Who doesn't have access to higher education now? I mean...the ones who pursue it, that is.5. Improve access to higher education for all capable citizens.
'Cause only Obama is interested in that. I'll give you this one, but it's not like he's the only one who's brought this up. No patting-of-the-back on this one.6. Invest in badly needed new infrastructure:roads, ports, airports, rail, schools
...and then impose those trade tariffs you previously mentioned right? Again...will he kiss these companies before he violates them?7. Sign more trade agreements
...but then jack up minimum wage, force 'em into ObamaCare, and impose crushing regulations so that they eventually go under. Mission Accomplished (I guess).8. Incentivize/reward small businesses hiring.
Yes Comrade...more training. Training for "what," we don't know. All the small businesses will be gone, and the corporations will flee overseas. ...but the Union Goons will get their taste though, right?9. Establish broad range of re-training opportunities for existing workforce.
Like Fanny Mae and Freddie Mac? Do we have your permission to blame Obama for this, when Fanny/Freddie screw those mortgagees again?10. Provide mortgage assistance for underwater mortgages (stablize housing market where the bulk of middle class equity resides)
Yes Comrade...more crushing regulation. Jack up those costs of doing business, so that they can pass those costs onto the consumer.12. Enact consumer protection regulations for consumer credit suppliers (credit cards, mortgages, loans)
Again with the crushing regulations. Do you really want a home loan at 10% interest?13. Enact banking regulations that significantly increase asset ratios of lending institutions
Again with the regulations.14. impose limits on esoteric financial instruments like derivatives
1. Incentivize manufacturers to stay or return to america and hire american workers.
2. Pass the buy american bill (exempt canadians please) for all government contracts.
3. Enforce or impose existing trade tarrifs against china (et.al.) dumping manufactured goods in US.
4. Invest in new technologies like green energy (a longer term payoff, but massively important)
5. Improve access to higher education for all capable citizens.
6. Invest in badly needed new infrastructure:roads, ports, airports, rail, schools,
7. Sign more trade agreements
8. Incentivize/reward small businesses hiring.
9. Establish broad range of re-training opportunities for existing workforce.
10. Provide mortgage assistance for underwater mortgages (stablize housing market where the bulk of middle class equity resides)
11. End currency wars.
12. Enact consumer protection regulations for consumer credit suppliers (credit cards, mortgages, loans)
13. Enact banking regulations that significantly increase asset ratios of lending institutions
14. impose limits on esoteric financial instruments like derivatives