Obama cannot sell his jobs bill. Are his economic ideas desperate and unsound?

You are very correct, Bluesguy.

The Gingrich/Kasich tax cuts caused the economy to grow and this growth resulted in the Clinton budget surplus.

These facts are common knowledge among most people familiar with economics.

 

After the Clinton tax increase in 1993, the economy had better, longer growth than under any president and any term since the 1960s. Including the tax cuts under Reagan Bush and Bush.

Clinton's tax increase flooded the treasury with revenues, which after the tax increase grew far faster than the economy, while the Reagan/Bush tax cuts resulted in revenue growth slower than the economy.

As a result, the Govt had its first surplus under Clinton in decades. Short lived as it was when the Republicans with Bush in the WH squandered it in short order, returning to new record deficits within a few years.

You know this, you have been told this over and over, YOU have even posted the numbers which prove it, why do you keep trying to deny it?

 

Based on the fact that Barrack bin Husseini O'Bama has an inate ability to not realize that what he has done in the past has utterly failed in spectacular fashion, this latest attempt at a jobs bill is clearly not "desperate and unsound" but rather clumsy and incompetent.

 

The trouble is, the last time he spent billions getting his government union people back to work. Teachers, police and fire. He spent little on infrastructure. If he had, he could have put thousands of people to work and those new jobs would have paid taxes, which would have put many of those teachers, policemen and firemen back to work. But he didn't and when that money ran out, they laid off those teachers, policemen and firemen again. And we had done next to nothing building infrastructure. Well here is Obama again wanting to give all those teachers, police and firemen a job again. But this time he decided to put some money in infrastructure too. Almost the same mistake. Lets put most of it in infrastructure and maybe we can also generate enough in taxes from those jobs to bring back a lot of those teachers, firemen and police. We lost over 800 billion the first time, lets not blow 400 billion this time and get the same results. Lets fix our roads, bridges and etc. first, so we have something really needed to show for it.

 

Those weren't Clinton budgets they were Gingrich/Kasich budgets. Clinton wanted higher spending.

 

Before the Clinton tax increases the economy was growing at a rate that revenues were headed to double digit increases. His rate increase DECREASED that rate of growth. His additional percentage on top of that already growing revenue stream should have shot that revenue growth through the roof if the theory held true. Instead revenue growth, by YOUR numbers, dropped from 9% down to 7%. It took the Gingrich/Kasich tax rate cuts to send revenue growth up into double digits.

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And again note how you ignore the slowing of the revenue growth after the tax cuts and then totally ignore the tax rate cuts, the ones Clinton opposed, that brought about the growth you try to attribute to Clinton. As you have been shown, Clinton even admitted he raised taxes too much when it became apparent they were slowing the recovery he inherited.

You don't fool anyone with the way you try to shift the facts.

 

What did you expect would happen? Stimulus plans are temporary, they stimulate nothing, they are a band-aid. And there is no high unemployment amongst teachers or public service employees. We need more PRIVATE sector jobs. And as Obama learned this big infrastructure projects are 10 years down the road. There is no such thing a shovel ready. And we are ALREADY building and repairing infrastructure all over the country. That is not what we need.

Let's ease regulations and stop telling businesses how they should run themselves. Cut business taxes and put in place assurance that rates are not going to be raised and stop the class warfare and then get out of the way.

 

Complete bull(*)(*)(*)(*).

Year - Revenues - rate of growth
1990 1032.0 4.1%
1991 1055.0 2.2%
1992 1091.3 3.4%
1993 1154.4 5.8% <-Clinton tax increase passed
1994 1258.6 9.0%
1995 1351.8 7.4%
1996 1453.1 7.5%
1997 1579.3 8.7%
1998 1721.8 9.0%
1999 1827.5 6.1%
2000 2025.2 10.8%

Source: CBO.gov.

Sure. Everyone can see how the rate of growth "DECREASED" after the tax increase was passed.

Only in conservative la la land.

Only in conservative la la land is an increase from 5.8% in 1993 to 9.0% in 1994 considered a "drop".

Sure, look at how revenues dropped after the tax increase in 1993.

It's all there in black and white for everyone to see.

Amazing how some conservatives will simply ignore reality when it doesn't fit their political position.

You don't fool anyone with the way you try to shift the facts.[/QUOTE]

 

Obama's stimulus plan was equivalent to taking water from one end of the pool and pouring it into the other end of the pool and expecting the water level (the economy) to increase.

 

True!

This advice was very good!

"No president can conjure up jobs through a mishmash of taxes, subsidies, and regulations. President Obama’s last and only chance is to reverse course and to help to reinvigorate the economy with low taxes and free labor markets. Unfortunately, the president is incapable of understanding this point. Let us hope that the Congress and the American people get the message now, for otherwise the unemployment picture will be worse in a year—just in time to vote Barack Obama out of office."

 

Thank you Sir!

The problem is there are millions of jobs avaliable today, but they mostly go unfillied because the applicants for these jobs do not have the right qualifications.

When you drop out of high school or you graduate from college with a liberal arts degree, is it any wonder you cannot find a good job in today's job market?

 

It's real easy to see Obama's economic policies are a total failure. $840 Billion dollars right down the drain. WE will have to pay for it.

 

Yeah, what are these college graduates thinking when they expect more than $2.50 an hour w/o benefits? God(*)(*)(*)(*)ed hippie communists!!! They should bend over a chair and take it up the ass so that corporate profits can continue to go up and up and up and CEO compensation can continue to grow to record amounts even as their taxes remain at the lowest in the modern era.

 

You are very correct, Professor Peabody.
'
You have very good comments and a lot of good insight. BTW, what do you think of this latest discussion about Obama's frequent missteps?

http://www.politicalforum.com/curre...one-term-presidency-barack-hussein-obama.html

 

BTW... Obama doesn't have to sell his job plan...

By voting the Jobs Bill down, the Republicans just set themselves up for a long, drawn-out, piece by piece media battle that demonstrates how the American right is invested in economic failure.

 

It's the same crap Obama and Co. touted the $840 Billion stimulus would do. Todd the problem is they've heard the snake oil sales pitch before. They bought a bottle of Uncle Barry's Rheumatism Cure once already and it didn't even cure lumbago. If Barry's to get re-elected, he needs to convince the American people who owe $840 billion dollars for the first stimulus that they are better off than 3 years ago, good luck with that!

 

That is why they are called push polls. Tell them how great something is, and then ask them if they are for or against this great thing. Notice the polster never mentioned to them that his plan would raise taxes, fund local and state programs in areas run by democrats who have bankrupted their local governments and therefore cannot pay their teachers, firefighters and policeman. It will also pave roads and infrustructure in states that have likewise failed to provide adequate funding to fill the potholes.

His plan has stupid ideas about giving tax breaks to employers if the hire someone new, or give an employee a raise. What employer is gonna hire a new employee at $30,000.00 a year in order to get a $5,000.00 tax break? Nobody is that dumb.

There is a lot of other dumb things about this plan, of course the pollster fails to mention them before asking, "are you for or against this great plan?"

Obama tried to sell us on the idea that these are things that both sides agree on and so it should be passed right away. But he lied. He never asked one republican to help him right the Jobs Act. Any republican would have told him that the tax increases would make the bill DOA. But then maybe that is what he wanted.

 

"Nearly two-thirds of the respondents to a survey from NBC/Wall Street Journal voiced their approval when pollsters were told them the details of the president's "American Jobs Act"-- including that it would cut payroll taxes, fund new road construction, and extend unemployment benefits. NBC reports that 63 percent of respondents said they favored the bill, with just 32 percent opposing it. "

 

9.1% unemployment for the longest stretch in history despite wasting $840 Billion dollars to fix it, 16.2% Underemployment (where the stimulus jobs went), $4 trillion dollars in new debt in less than 3 years, Foreclosures continue unabated by Obama's efforts to stop it, gasoline hovering around $4 dollars a gallon and food prices skyrocketing.......Obama and the Democrats said they had a plan to fix it, epic fail. What do you think is going to happen? HINT: House of Representatives 2010.

The only thing that will matter in 2012 is unemployment, taxes and the economy as a whole. Unless the Democrats can perform a miracle, they're done in 2012. The people gave them their chance.

 

Not even closed to true. Unemployment during the GD lasted years over 9%.

And during Reagan's recession, which was less severe, unemployment was over 10% for most of a year. It was over 10% only one month during this Great Recession, thanks to the Stimulus which saved or created millions of jobs.

 

The plan is sound...the party is NOT!

The Democrats have proven to me that they are a pack of spineless wimps.
They buy into this Republican/T-Bag drivel about "Evil Socialism" and the constant bashing of Obama...and cave.

IMO...Democrats now deserve to lose everything...and the American people deserve some T-Bagging moron at the white house.

Of course...that would make things WAY worse...but my patience has run out.

Democrats...especially the ones in the Senate...Yer all a bunch of little girl's blouses!!!

 

Democrats have this intense need to be loved by everyone.

It does them in every time!

 

Indisputable fact as your own numbers show.



Year - Revenues - rate of growth
1990 1032.0 4.1%
1991 1055.0 2.2%
1992 1091.3 3.4%
1993 1154.4 5.8%
1994 1258.6 9.0%
1995 1351.8 7.4%<- rate of grow slows shoud be in double digit
1996 1453.1 7.5%<- tax cuts passed
1997 1579.3 8.7%<- growth increases again
1998 1721.8 9.0%
1999 1827.5 6.1%
2000 2025.2 10.8%

Source: CBO.gov.

Only a liar would claim the recovery and growth that occurred BEFORE the tax increases were caused by the tax increase. We were already in a growth and recovery BEFORE Clinton was even elected. He slowed it by his own admission.

Yes it is a 7 is STILL less than 9.

 

Clinton's tax increase was in 1993, not 1995.

No tax cuts were passed in 1996.

Clinton's tax increase was in 1993, not 1995.

Clinton's tax increase was in 1993, not 1995.

 

Still trying to mitigate Obama horrible performance on the jobs front I see.

We have only been officially measuring unemployment since the late forties and this is the longest sustained period every measured.