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Thread: Obama Team Eyes Employer Payroll Tax Break

  1. #111
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    Re: Obama Team Eyes Employer Payroll Tax Break

    Quote Originally Posted by apdst View Post
    Runnin' neck-n-neck, for sure.
    What fantasy wins the Conservative Sweepstakes? The Grand Prize, in my view, should go to the Economic Growth and Tax Relief Reconciliation Act of 2001 and the joke called the Jobs and Growth Tax Relief Reconciliation Act of 2003. Second Place: the business-friendly People's Republic of China, where an up-an-coming, anti-Western cadre of young communist bureaucrats enforces human rights and the rule of law, including protection of intellectual property rights.
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    Re: Obama Team Eyes Employer Payroll Tax Break

    Quote Originally Posted by cpwill View Post

    In February 2009, the Bureau of Labor Statistics (BLS) reported that 141.7 million people were employed. By the end of May 2011 – the last month for which data are available – that number had fallen to 139.8 million, a difference of 1.9 million..

    This does not mean that the economy is not creating jobs, but rather that it is not creating jobs fast enough to keep up with a combination of layoffs and people entering the job market for the first time.

    In a Washington Post op-ed, former White House chief economist Larry Summers noted that the percentage of the population that has a job has not improved, even though the economy is technically in recovery.

    “From the first quarter of 2006 to the first quarter of 2011, the U.S. economy’s growth rate averaged less than 1 percent a year,” Summers wrote. “The fraction of the population working remains almost exactly at its recession trough, and recent reports suggest that growth is slowing.”

    The fraction of the population with a job has in fact fallen in the 28 months since Congress passed the stimulus – down from 60.3 percent in February 2009 to 58.4 percent in May 2011....

    As both Summers and the BLS data make clear, the economy is not creating new jobs fast enough to make up for layoffs and new graduates, calling into question Obama’s oft-repeated claim that the economy is recovering and creating jobs.

    In fact, by citing figures from the first quarter of 2006, Summers is understating the economy’s poor performance. According to BLS data, the number of people with jobs peaked at 146.6 million in November 2007, meaning that over the entire recession – which officially began in December 2007 – the number of people employed has fallen by 6.8 million.



    :shakes fist: darn that partisan bureau of labor statistics!
    In other words, instead of jobs being destroyed, they are being created which has been my point.

  3. #113
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    Re: Obama Team Eyes Employer Payroll Tax Break

    Quote Originally Posted by Ahlevah View Post
    What fantasy wins the Conservative Sweepstakes? The Grand Prize, in my view, should go to the Economic Growth and Tax Relief Reconciliation Act of 2001 and the joke called the Jobs and Growth Tax Relief Reconciliation Act of 2003. Second Place: the business-friendly People's Republic of China, where an up-an-coming, anti-Western cadre of young communist bureaucrats enforces human rights and the rule of law, including protection of intellectual property rights.
    So the 50 months of job growth was a joke, too? How about the 5% unemployment rate, prior to the Dems sabotaging the economy? A joke?

    A joke compared what? Obama's 9-plus-% unemployment?

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    Re: Obama Team Eyes Employer Payroll Tax Break

    Quote Originally Posted by apdst View Post
    So the 50 months of job growth was a joke, too? How about the 5% unemployment rate, prior to the Dems sabotaging the economy? A joke?

    A joke compared what? Obama's 9-plus-% unemployment?
    You do realize it takes awhile for bad practices to have their bad affects? The same can be said of good practices right? If Bush inherited a Clinton recession, like most of your ilk claim, then Obama definitely inherited a Bush recession.

  5. #115
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    Re: Obama Team Eyes Employer Payroll Tax Break

    Quote Originally Posted by xpiher View Post
    You do realize it takes awhile for bad practices to have their bad affects? The same can be said of good practices right? If Bush inherited a Clinton recession, like most of your ilk claim, then Obama definitely inherited a Bush recession.
    Now, that is a classic talking point.

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    Re: Obama Team Eyes Employer Payroll Tax Break

    Quote Originally Posted by apdst View Post
    Now, that is a classic talking point.
    By both sides. I'm simply point out your side's hypocrisy. Just so we are clear, I don't think Obama has helped the job situation much, but I don't think more tax cuts will do anything either.

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    Re: Obama Team Eyes Employer Payroll Tax Break

    Quote Originally Posted by xpiher View Post
    You do realize it takes awhile for bad practices to have their bad affects? The same can be said of good practices right? If Bush inherited a Clinton recession, like most of your ilk claim, then Obama definitely inherited a Bush recession.
    what will the next president inherit. The fed has kept interest rates extraordinarily low for 3 years with no end in sight, and a recession due to excess borrowing is being followed by huge new debt by the federal government.

  8. #118
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    Re: Obama Team Eyes Employer Payroll Tax Break

    Quote Originally Posted by apdst View Post
    So the 50 months of job growth was a joke, too? How about the 5% unemployment rate, prior to the Dems sabotaging the economy? A joke?
    Those jobs were concentrated in construction and finance, thanks principally to easy money and the bubble that was building in real estate. They began disappearing almost immediately upon the collapse of the bubble, which culminated in the financial crisis of 2008. Only the disingenuous can blame Obama for that. Also, I separate permanent, high-paying, full-time jobs from juiced employment or part-time gigs at Popeye's or Big Lots.

    So when are these tax cuts supposed to kick in? The first one was passed ten years ago.
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    Re: Obama Team Eyes Employer Payroll Tax Break

    Quote Originally Posted by xpiher View Post
    In other words, instead of jobs being destroyed, they are being created which has been my point.
    if more jobs are destroyed then created, the the net is loss. in other words, yes, jobs were and are still being destroyed.

  10. #120
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    Re: Obama Team Eyes Employer Payroll Tax Break

    Quote Originally Posted by xpiher View Post
    By both sides. I'm simply point out your side's hypocrisy. Just so we are clear, I don't think Obama has helped the job situation much, but I don't think more tax cuts will do anything either.
    perhaps that's why Republicans shifted to the quite-lucrative area of tax simplification rather than tax cuts in their 2012 budget

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