In his weekly address, Obama lets us know that he's finally put his economic team to work to come up with a plan to create news jobs (road construction, school upgrades and making alternative energy):
President-elect Barack Obama announces he has directed his economic team to assemble an Economic Recovery Plan that will save or create 2.5 million more jobs by January of 2011
Just in time for re-election. Where does he plan to get the money for these new jobs? The windfall profit tax is out since oil prices have plummeted and he can't raise the corporate tax or capital gains tax (and with the down turn in the market, would there be enough gains to tax?) because that would tank the economy even more and we'll lose more jobs than he's trying to create. So, where's the money coming from for investment in green technology and busy work?
BTW, the jobs he says he's creating are nothing like the jobs people are actually losing. He's talking about construction and energy but those who are losing their job are in the financial services field. What does he plan to do to help them? How does his plan address the deep cuts in that field?
You know, it's not very changey to go back to the depression for solutions to problems in today's global economy.
Here's the video:
Add to Del.icio.us
Add to Technorati
Add to Digg
Add to Newsvine
Add to Facebook
Add to StumbleUpon
Subscribe
We are spending 10bill a month in iraq ...without the waste of iraq there will be more free cash
Hardly since we aren't spending money in Iraq that we have.
Hey henrietta..the House and Senate have been run by Democrats for the last few years. Tax policy, spending, the direction of the economy have all been entirely set by Democrats. The news media kept that as quiet as possible of course but sheesh...come on. Every American should at least know who is in charge of the government before voting.
And we need more of that?
"Just in time for re-election. Where does he plan to get the money for these new jobs? "
From me of course. And you (if you have a job). Either through more taxes or just simply inflating away what we have with huge government handouts. Probably both. Barack Hussein's plan to let the Bush tax cuts expire alone will cost my family 6300.00 per year in extra taxes according to my tax software. Over 500.00 more per month out of my family budget to buy votes with.
"The windfall profit tax is out since oil prices have plummeted "
Isnt that strange? Just a few short months ago Nancy Pelosi and her party were planning on siezing the earnings of others through a windfall profits tax, nationalizing oil companies and plundering the Strategic Oil Reserve and selling it on the open market.
The Democrats said we would never see oil under 120.00 a bbl again. And we have people with that little grasp of reality now running things? And worse than that we have no national media to at least point and laugh at them for such silly incompetent predictions.
"can't raise the corporate tax or capital gains tax ?"
No they have already given the US the highest corporate taxes in the world. 39%. The booming economy of Ireland only has 12% corporate taxes fopr comparison. (They seem to want to keep their engines of financial wellbeing intact and healthy obvioulsy).
"and he can't raise the corporate tax or capital gains tax (and with the down turn in the market, would there be enough gains to tax?"
Maybe...in 401k's...where greedy pig capitalists were evil enough to defer spending and save instead. There are alrteady rumblings from the Democrats in Congress about how much that tax break "costs" the government.
RE: Barack Hussein
And a final comment....after Obama bankrupts the coal industry, which he has promised to do, and all the industries which depend on it (from transportation to power plants) he will have a huge increase in unemployment.
Same goes for oil which he promised only ten more years of. I know very few of his promises actually mean anything but if he did fulfill that particuklar dream you are looking at tens of millions unemployed.
Funny, but wasn't Obama sympathetic with the coal and corn industries in Illinois and Iowa?
So why are you saying that if Obama brings in more new green tech jobs it means that oil and coal will be gone? As far as I know, even 8 years isn't enough for any President to completely convert oil and coal power plants into wind farms...
So stop these "I put fear into people because Obama is unknown" PR stuff, Creedo. If you just hate Obama out of pure hatred, then just say so honestly.
Post a Comment
By submitting these comments, I agree to the beliefnet.com terms of service, rules of conduct and privacy policy (the "agreements"). I understand and agree that any content I post is licensed to beliefnet.com and may be used by beliefnet.com in accordance with the agreements.