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Thread: Jobs Summit: Real Progress or PR Stunt?

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    Re: Jobs Summit: Real Progress or PR Stunt?

    Quote Originally Posted by Goldenboy219 View Post
    Not a shed of objectivity in this thread. I am not surprised though

    The stimulus was weak; however a $700 billion stimulus is better than no stimulus. Consider the psychological factor associated with both fiscal and monetary policy.

    Or are the repubs against quantitative/credit easing?

    Kind of a silly statements I think in the face of the fact that credit was eased and extended to tens maybe hundreds of thousands who were clearly not qualified for the loans they received and that lead to some of the problem. Then we have the reports that less than half the stimulus money has been spent so far and going ZERO was used for the small business that create about 70% of the jobs, and I repeat they were left out because they oppose Obama's Socialistic/Communistic idea of the government taking over another 6% of the economy when they couldn't even run Cash for Clunkers because the whole damn bunch Obama put in charge have never done a thing in their lives when it comes to running a business.

    So far Obama has stimulated a lot of lost jobs.

    The whole Cash for Clunkers was a waste of money the way it was set up and mishandled. This amateur hour stuff needs to stop.

    If you look at the money spent and then pretend that the jobs Obama is claiming he created and saved were real he's still about 3 million in the hole on his watch.

    If he cared about any of the issues he would by now have done something, anything right, but he is doing everything as poorly as can be done and sure looks like it's all part of his plan.
    Last edited by Councilman; 12-04-09 at 07:27 AM.

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    Re: Jobs Summit: Real Progress or PR Stunt?

    Quote Originally Posted by Goldenboy219 View Post
    IMHO, government spending during times of economic expansion should be kept within a balanced budget.

    Now that is funny....You are aware of course that the federal government doesn't have to fit projects into a balanced budget like states do right? No, all they need to do is figure out how much will be necessary to appease any particular group at any given time, print the money and give it to them.

    Rinse and repeat.

    Then you and I, and our children, and grandchildren can pick up the tab.


    However, this is not a time of government expansion.

    Arguably, the ONLY jobs that have been "created or saved" have been in government.


    Quick question: if government can build a bridge, and in order to build a bridge you have to hire laborers, constructions firms, and buy resources; does this not create wealth?

    No, it doesn't. Typically on roads, or government bid jobs, the margins are tighter than that of other contracts. Deadlines are usually slowed, or blown causing possible fines in the contract, and when the government uses a company they usually use a lion share of that company's resource so when the job is done, or dries up, then they company is left with a severe slow down in work and lays off the workers.

    Larger companies are usually the ones that are called upon to do these projects because they can put a smaller part of their business into the particular project, and still look for other work at the same time. Smaller businesses don't, or can't afford to do this.

    Besides, we have seen how this has worked so far with stimulus funds and projects around the country. Money to do work went to states that backed Obama in the election, and others were told to pound sand. Ohio, NC, MI, and other states like that got funds to start what I like to call billboard projects, and the others were told no can do.

    This is not the way to run things.


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    Re: Jobs Summit: Real Progress or PR Stunt?

    Quote Originally Posted by apdst View Post
    Neither! It was comic relief!
    Rush Limbaugh had his own Jobs Summit on his radio show the same day. He had real businesses and people call in to talk about how to create jobs.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
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    Re: Jobs Summit: Real Progress or PR Stunt?

    Definately a PR stunt. I've missed the early video on this, but radio reports are saying some of the business experts told the President he needs to drop Healthcare. His response was to look down his nose (as he often does) at them and tell them they need to get used to Healthcare being passed in a few weeks.

    Obviously, the Admin already knows what direction it will take. President Obama is not interested in alternative ideas. The question is, does he believe his way can work (create jobs)? Or, like Limbaugh suggests, Obama wants to break the nation so as to rebuild it to his ideal?

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    Re: Jobs Summit: Real Progress or PR Stunt?

    The President made a short appearance, gave a thumbs up...and left. Came back later to smile and wave...and left.

    This was a dog and pony show, nothing more, nothing less.

    It's getting embarrassing in Washington DC, when are the elections again?
    It was the Austrasians, that hewed on bravely through the thick of the fight, it was they who found and cut down the Saracen King.

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    Re: Jobs Summit: Real Progress or PR Stunt?

    Shouldn't a meeting like this take place every day of the week in the oval office? Why a "summit" a year into his term when folks have been hurting for a long, long time?

    What a dufus.

    Hey, Barry. Cut some taxes on business, give them tax credits for hiring, and kill your healthcare and cap and trade bills. Then watch the job growth skyrocket. Done.

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    Re: Jobs Summit: Real Progress or PR Stunt?

    Quote Originally Posted by Goldenboy219 View Post
    Quick question: if government can build a bridge, and in order to build a bridge you have to hire laborers, constructions firms, and buy resources; does this not create wealth?
    No, it does not. It is a ponzi scheme.

    Say the government lets a contract to build a bridge. The contractor has to pay government agencies for the all the needed permits, inspections, etc. The contractor buys materials which he pays taxes on. The contractor hires people who he then has to pay taxes for employing. The worker has to pay taxes on the income he earned doing this job. The contractor has to pay tremendous amounts of overhead in regulatory paperwork to prove compliance with every silly government mandate. Oh, let's not forget the local, state and federal tax boards all expect their cut of the contractors profit back in the form of business taxes, licenses, etc.

    When it is all said and done, more than 80% of that money the Government "put into the economy" goes directly back to one branch or another of the government.

    Since the government only has two ways of generating revenue, printing money or confiscating money, there is really now viable argument that the government spending money directly stimulates the general economy. At best, the government stimulates a small portion while either devaluing the same currency via inflation, or stimulates on sector by taking more money out of general circulation via taxation thereby having a chilling effect on the economy.

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    Re: Jobs Summit: Real Progress or PR Stunt?

    Quote Originally Posted by Goldenboy219 View Post
    IMHO, government spending during times of economic expansion should be kept within a balanced budget. However, this is not a time of government expansion.

    Quick question: if government can build a bridge, and in order to build a bridge you have to hire laborers, constructions firms, and buy resources; does this not create wealth?

    No, it doesn't. Where is the government going to get the money to pay those bridge builders?
    Last edited by apdst; 12-04-09 at 11:36 AM.
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    Re: Jobs Summit: Real Progress or PR Stunt?

    I think it should be said that building anything for the government limits just how much profiteering there can be. Of course the contractors and materials suppliers should make some profit. But the actual item built does not produce profit for the government, who financed it. And, once the job is finished, the jobs go away and few vendors continue to make further profit for maintaining it.

    All the way around it is a far less profitable way to run an economy.

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    Re: Jobs Summit: Real Progress or PR Stunt?

    Quote Originally Posted by Councilman View Post
    Kind of a silly statements I think in the face of the fact that credit was eased and extended to tens maybe hundreds of thousands who were clearly not qualified for the loans they received and that lead to some of the problem.
    Awww, bless your heart but when i was referring to quantitative/credit easing, i am describing theoretical negative federal funds target rate. AKA, an aspect of monetary policy.

    Then we have the reports that less than half the stimulus money has been spent so far and going ZERO was used for the small business that create about 70% of the jobs, and I repeat they were left out because they oppose Obama's Socialistic/Communistic idea of the government taking over another 6% of the economy when they couldn't even run Cash for Clunkers because the whole damn bunch Obama put in charge have never done a thing in their lives when it comes to running a business.
    Partisan rant is noted.

    So far Obama has stimulated a lot of lost jobs.

    The whole Cash for Clunkers was a waste of money the way it was set up and mishandled. This amateur hour stuff needs to stop.

    If you look at the money spent and then pretend that the jobs Obama is claiming he created and saved were real he's still about 3 million in the hole on his watch.

    If he cared about any of the issues he would by now have done something, anything right, but he is doing everything as poorly as can be done and sure looks like it's all part of his plan.
    Again, your partisan rant is noted.
    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.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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