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Thread: Obama to business owners: "You didn't build that." [W:417]

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    Re: Obama to business owners: "You didn't build that."

    Quote Originally Posted by Aberration View Post
    It does lead to job creation, but since the job loss is so massive you need much lower taxes to combat it. 44-year low says nothing towards that.

    Without the low taxes unemployment would be much worse.
    It didn't do a helluva lot before the recession, either. Bush oversaw the weakest economic expansion in post-war history. Weakest business investment. Weakest GDP growth. Weakest employent growth. Weakest earnings growth. All things we were promised those massive tax cuts would strengthen!
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

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    Re: Obama to business owners: "You didn't build that."

    Quote Originally Posted by AdamT View Post
    Know what's at a 44-year low? Taxation! But wait, I thought low taxes resulted in job creation!! Why aren't we up to our asses in jobs? Did the Republicans lie to us?!
    Unfortunately regulations are up. Bring them down, way down and let's see what happens.
    Given that the top 1% of wage earners earn about 17% of the income and pay 37% of the federal income taxes it seems Radical Karl is getting his way in wrecking capital formation. We are doing this to ourselves.

    Borrowing is way up to. So is printing (money). There is much that is wrong with this Regime. We need a regime change.

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    Re: Obama to business owners: "You didn't build that."

    Quote Originally Posted by AdamT View Post
    It didn't do a helluva lot before the recession, either. Bush oversaw the weakest economic expansion in post-war history. Weakest business investment. Weakest GDP growth. Weakest employent growth. Weakest earnings growth. All things we were promised those massive tax cuts would strengthen!
    Well thats one hell of a defense, just blame someone else!

    Bush inherited the .com bubble and 9/11. He did what he could, but it was just a lot worse than expected.
    “Tyranny is defined as that which is legal for the government but illegal for the citizenry.”
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    Re: Obama to business owners: "You didn't build that."

    Quote Originally Posted by AdamT View Post
    Know what's at a 44-year low? Taxation! But wait, I thought low taxes resulted in job creation!! Why aren't we up to our asses in jobs? Did the Republicans lie to us?!
    Nope, they didn't lie. Tax cuts DO create jobs. Wanna know what stifles that? An administration that is outright saying they are going to raise taxes on ONE SECT of the American people. Here's there idiotic problem. The vast majority of small business owners file taxes as INDIVIDUALS. Therefore, if you raise taxes on INDIVIDUALS earning more than 200k a year, you are effectively raising taxes on the strongest job creators in our economy.

    Wanna know what else stifles jobs? Obamacare. Go talk to a business owner sometime. They have no idea how it's going to effect them financially. Therefore, they are just WAITING.

    Wanna know what offsets low taxes? Burdensome regulations. The Obama administration has passed more regulations into law in one term than any other President in history. This is common sense to most people, but let me explain it to you. Regulations have the same effect as a tax. Get that? Do you understand this? If not, please excuse yourself from this conversation. Regulations effect a company's bottom line......just like a tax. Stifles job creation.

    We have an administration, who we have found out this week, that purposefully destroyed 20,000 pension of NON-UNION employees in General Motors. Did they destroy UNION pensions? No, they didn't. They fullfilled them 100%, while destroying 20,000 pensions of employees who were not members of the union. So, is it a shock that a non-union employer isn't in the mood to hire a bunch more people???

    Get real. Your tax argument is easily overcome. Because while it's true we have a 44 year low on INCOME TAX RATES, we have an all-time high in regulations, coinciding with a government hell bent on raising taxes on America's biggest job creators....small businesses.

    Do you not understand any of this? Or are you also hell bent on "getting the rich to pay their fair share"? Did you know that the vast majority of small business owners file taxes as individuals? Do you know how regulations effect business? Are you out there talking to business owners about how Obamacare is effecting them? While the FEDERAL INCOME TAX rate is at a 44 year low, the burden on taxpayers is greater than ever before. Understand that the next time you spout off something about taxes being low. This administration is driving up the cost TO DO BUSINESS. That offsets any sort of low tax rate. Don't take my word for it. Just go start yourself a business and find out firsthand how costly it is to conduct business today.

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    Re: Obama to business owners: "You didn't build that."

    Quote Originally Posted by AdamT View Post
    Know what's at a 44-year low? Taxation! But wait, I thought low taxes resulted in job creation!! Why aren't we up to our asses in jobs? Did the Republicans lie to us?!
    Unfunded mandates are taxes too. Requiring that employers PAY MORE FOR medical care insurance for their employess is a TAX, just by another name - an unfunded mandate. Requiring all coal fired electrical generation plants to meet IMPOSSIBLE environmental standards is the same as a 100% tax, since it shuts them down. By simply mandating that a "private" business meet a gov't standard has exactly the same effect as a direct tax, it simply leaves the gov't out as the middle man, but it is a gov't mandated COST to the business just the same. You may PRETEND that requiring a car to get at least 35mpg has "no cost", yet we ALL know better than that.
    Last edited by ttwtt78640; 08-07-12 at 01:56 PM.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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    Re: Obama to business owners: "You didn't build that."

    Quote Originally Posted by ttwtt78640 View Post
    Unfunded mandates are taxes too. Requiring that employers PAY MORE FOR medical care insurance for their employess is a TAX, just by another name - an unfunded mandate. Requiring all coal fired electrical generation plants to meet IMPOSSIBLE environmental standards is the same as a 100% tax, since it shuts them down. By simply mandating that a "private" business meet a gov't standard has exactly the same effect as a direct tax, it simply leaves the gov't out as the middle man, but it is a gov't mandated COST to the business just the same. You may PRETEND that requiring a car to get at least 35mpg has "no cost", yet we ALL know better than that.
    I just looked at our employer contributes to health care, and they agree that they are not paying more. However, we can eliminate this easily enough. UHC removes it from business altogether.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Obama to business owners: "You didn't build that."

    Quote Originally Posted by Masada View Post
    Nope, they didn't lie. Tax cuts DO create jobs. Wanna know what stifles that? An administration that is outright saying they are going to raise taxes on ONE SECT of the American people. Here's there idiotic problem. The vast majority of small business owners file taxes as INDIVIDUALS. Therefore, if you raise taxes on INDIVIDUALS earning more than 200k a year, you are effectively raising taxes on the strongest job creators in our economy.
    Reagan raised taxes ... Jobs were created. Bush senior raised taxes ... jobs were created. Clinton raised taxes ... jobs were created.

    Not establishing cause and effect between the two -- just pointing out the absurdity that raising taxes stifles job growth.

    Quote Originally Posted by Masada View Post
    Wanna know what else stifles jobs? Obamacare. Go talk to a business owner sometime. They have no idea how it's going to effect them financially. Therefore, they are just WAITING.
    Ummm, we've had about 4˝ million jobs added in the private sector over the last 2˝ years. It's public sector jobs which have suffered the most. That's hardly an indication that "Obamacare" is stifling job growth.

    Quote Originally Posted by Masada View Post
    Get real. Your tax argument is easily overcome. Because while it's true we have a 44 year low on INCOME TAX RATES, we have an all-time high in regulations, coinciding with a government hell bent on raising taxes on America's biggest job creators....small businesses.
    The Gramm-Leach-Bliley Act cut regulations ... how'd that turn out?

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    Re: Obama to business owners: "You didn't build that."

    Obama was pretty clear about his disdain for people who create successful businesses in the USA when he made these comments. Anyone who isn’t a political hack knows this when they watch the entire speech.

    "Too often we enjoy the comfort of opinion without the discomfort of thought."
    John F. Kennedy
    Quote Originally Posted by Montecresto View Post
    It would seem that the constitution is just a god damn piece of paper, to be trotted out when expedient.

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    Re: Obama to business owners: "You didn't build that."

    Quote Originally Posted by GPS_Flex View Post
    Obama was pretty clear about his disdain for people who create successful businesses in the USA when he made these comments. Anyone who isn’t a political hack knows this when they watch the entire speech.
    Only in wild eyed partisan land.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Obama to business owners: "You didn't build that."

    Quote Originally Posted by GPS_Flex View Post
    Obama was pretty clear about his disdain for people who create successful businesses in the USA when he made these comments. Anyone who isn’t a political hack knows this when they watch the entire speech.
    Notice the fact checking:

    Mitt Romney and his allies have attacked President Barack Obama — often out of context — for saying, “If you’ve got a business — you didn’t build that. Somebody else made that happen.”

    FactCheck.org : ‘You Didn’t Build That,’ Uncut and Unedited

    In speeches and videos, the Romney campaign has repeatedly distorted Obama's words. By plucking two sentences out of context, Romney twists the president's remarks and ignores their real meaning.

    http://www.politifact.com/truth-o-me...t-build-truth/

    But instead, by focusing on one ill-phrased sentence, Romney and his campaign have decided to pretend that Obama is talking about something different — and then further extrapolated it so that it becomes ridiculous. That’s not very original at all.


    Three Pinocchios

    An unoriginal Obama quote--taken out of context - The Washington Post

    Now the question for you is are you at all concerned with honesty?



    Here is his thesis: "The point is, is that when we succeed, we succeed because of our individual initiative, but also because we do things together."

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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