
Do the 50% of Americans that pay no federal income tax care?
Unlikely.
Do the record setting number of Americans that receive government money care?
Probably not.
Do the political activists that will vote Obama no matter what care?
Of course not.
Does not matter what the facts are. 90% of the media will report these bleak numbers as good news. Fox and a few blogs will report it as bad news and most Americans will focus on Matthew McCaunaghey's new baby.























Jus' sayin'!
It takes roughly 165,000 new jobs to stay even with the increasing numbers of people coming into the work force. In order to get back to the unemployment rate that we had before the Obama administration took office, we would need to add 350,ooo-400,000 jobs per month for the next three years.
fear of punishment of success.
he's incompetent.
And the big guys aren't hiring because they see a government that is overly meedling. Boeing is a great example, one of our great industries that pays people very well and greatly helps with our exports. They can't build a plant in South Carolina because the government told them not to. What? And then there is the GM legacy. People who bought GM bonds lost when the government took over. Dealerships were forced to close. The rule of law was not followed by the overly intrusive government. And then there are crony corporatism, in which friends of government got money from the government and then competed with companies trying to succeed without government. Why bother? And then if you find success, you are vilified by the government for your wealth.
Investers don't know what government will do to them so why should they risk their money. They are sitting on tons of money, waiting for a sign that government will not ruin things for them. Uninvested money is not taxed so why invest.
http://www.wispolitics.com/in...
As to your comment that if I choose to stop looking and live off the govt how is it the Prez's fault? Well, it is my "fault" of course. A good leader provides incentives, understands carrots and sticks and motivates people like me to do what is best for the country. I grew up profoundly influenced by JFK's "Ask not what your country can do for you but what you can do for your country". BHO's website now says "What can Obamacare do for you". Obama wants me to rely on the government. He doesn't ask me to work. His power increases when more and more rely on him. Like old Roman times when the Caesar passed out bread and gladiator tournaments. JFK motivated people to volunteer, to help their f...
http://www.wispolitics.com/in...
As to your comment that if I choose to stop looking and live off the govt how is it the Prez's fault? Well, it is my "fault" of course. A good leader provides incentives, understands carrots and sticks and motivates people like me to do what is best for the country. I grew up profoundly influenced by JFK's "Ask not what your country can do for you but what you can do for your country". BHO's website now says "What can Obamacare do for you". Obama wants me to rely on the government. He doesn't ask me to work. His power increases when more and more rely on him. Like old Roman times when the Caesar passed out bread and gladiator tournaments. JFK motivated people to volunteer, to help their fellow man. BHO motivates people to drop out and feed at the govt tit.If he is dumb enough to subsidize people like me who have stopped working than he deserves what he gets.
Some of the other stuff you wrote is just silly. There are no "unpaid" wars. The people got paid. We haven't had a budget since March, 2009 so by your definition everything now is "unpaid".
Part of ACA will be "paid for" by taxing medical suppliers, pharmaceticals, hospitals. Those costs will be passed on to consumers and many will see rates increased. My insurance jumped up 71% in 3 years. $500 billion, over 10 years, will come from reductions in Medicare payments. That has to hurt somewhere, probably retirees who paid into the plan based on promises.
I do not believe the rhetoric t...
Part of ACA will be "paid for" by taxing medical suppliers, pharmaceticals, hospitals. Those costs will be passed on to consumers and many will see rates increased. My insurance jumped up 71% in 3 years. $500 billion, over 10 years, will come from reductions in Medicare payments. That has to hurt somewhere, probably retirees who paid into the plan based on promises.
I do not believe the rhetoric that ACA will reduce insurance costs by $2,500. That simply defies logic. The CBO stated that costs will go up for millions.
I don't believe that many will be helped by this. My son is like millions who sometimes works enough to qualify for insurance and sometimes doesn't. So he won't have insurance when he did not have enough hours the month previous. So now when he is out of work he will have to come up with insurance money. And he won't qualify for subsidies because he may be over the annual limits, even though he is currently not working. Any seasonally employed people will suffer.
The self employed will suffer. Someone working in a salaried position earning $50K/yr that gets $20K in employer health insurance and $15K in retirement accounts will be fine while the self employed person earning $70K has to not only pay income tax on $70K but also pays twice the SS and Medicare payroll taxes and will now have to buy medical insurance that he doesn't need or pay a tax. For most people between 20 and 55 the occassional cost of an office visit will be less than the insurance or tax.
There are better solutions to health care than giving big special interests (medical suppliers, insurance companies, hospitals, etc) extra money on the backs of the working middle class.
For example, Obama appointed US Treasury Sec Geithner, just after Congress had passed the TARP legislation, giving him full rein to make up the rules for the banks that would receive that money. Geithner was so ignorant of the economic circle and cause and effect that he issued orders that banks getting TARP money had to get out of all real estate and construction loans by any means possible, and that the TARP money was not to be used to fund EX:ISTING loans - the source of the banks' distress - but only for NEW loans. The banks then called those EXISTING loans without cause, bankrupting or forcing businesses out of business, reducing and/or ending business lines of credit, causing layoffs, and generally disrupting the entire economic order.
Those regulations effectively destroyed the jobs market throughout the US economy, both in construction, in directly related manufacturing and service industries, and, ultimately, to the consumer market (appliances, furniture,etc). The Federal Reserve of St. Louis studie...
For example, Obama appointed US Treasury Sec Geithner, just after Congress had passed the TARP legislation, giving him full rein to make up the rules for the banks that would receive that money. Geithner was so ignorant of the economic circle and cause and effect that he issued orders that banks getting TARP money had to get out of all real estate and construction loans by any means possible, and that the TARP money was not to be used to fund EX:ISTING loans - the source of the banks' distress - but only for NEW loans. The banks then called those EXISTING loans without cause, bankrupting or forcing businesses out of business, reducing and/or ending business lines of credit, causing layoffs, and generally disrupting the entire economic order.
Those regulations effectively destroyed the jobs market throughout the US economy, both in construction, in directly related manufacturing and service industries, and, ultimately, to the consumer market (appliances, furniture,etc). The Federal Reserve of St. Louis studied the job losses, noting that 22% were directly in the construction market, and many more in related industries.
The courts have upheld the ability of the banks to do so, with a federal judge in Chicago ruling that evidence of verbal fraud by the banks was not admissible, and that the banks had "the right" to do so. State district courts have rubber-stamped foreclosures on real estate and construction loans for no reason. Foreclosure attorneys have acted without ethics in selling the bank notes on those properties for 10% of value to insider-connected companies set up by the bankers who made the loans in the first place, refusing much higher offers from outside investors, while the FDIC took over the liabilities and paid back the bank for its losses.
The people who were hurt in these schemes, by the rules made by government, were the small businesses, the workers and the consumer. They are still hurting, and the ones who survived operate cautiously and do not trust the government rulers. The multiple taxes yet to come and the regulatory requirements of the Affordable Care Act are yet to be seen. The IRS will be writing the rules, drawing up the forms and regulations that small businesses will be required to comply with. The uncertainties of what size the next government boot will be and how much it will damage the business are still up in the air. Who would want to gamble the savings they invest in the business under these conditions?
in