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WHY IS OBAMA’S “JOBS COUNCIL” AWOL?

HarleyCharley 2012/07/19 19:18:42
He's too busy holding fundraisers to get reelected. But then he will meet with them.
He is busy helping people start business's because you didn't do that somebody else did that.
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WHY IS OBAMA’S “JOBS COUNCIL” AWOL?Why is Obama’s “jobs council” AWOL?

By: John Hayward

Did you know Barack Obama has a “Council on Jobs and Competitiveness?” You might well have forgotten, because they haven’t met with the President in six months. White House spokesman Jay Carney says it’s because Obama “has obviously got a lot on his plate,” by which he presumably means political fundraisers.

Remember when Obama loudly and repeatedly declared that jobs were his “number one priority?” Yeah, he was just playing with you. He’s “obviously” got a lot of other stuff on his plate that’s much more important. He always has.

One possible reason for the Council’s curious lack of participation in President Obama’s seventeenth “pivot to job creation” – which, I suppose, formally ended when Senate Democrats announced their willingness to let Taxmageddon push us all the way back into a recession – is that the Obama Council on Jobs and Competitiveness agrees with Mitt Romney.

Specifically, as Jim Pethokoukis notes at the American Enterprise Institute blog, the President’s jobs council endorses reducing America’s corporate tax rate – currently the highest in the world – and moving to a “territorial” tax system, which would exempt income earned by American companies overseas from those crushing U.S. taxes when they are brought home.

The current system of hitting worldwide profits for American companies with our confiscatory taxes sounds good to ignorant class warriors, but since most developed nations don’t do it that way, the net effect encourages American companies to keep offshore income safely outside U.S. borders, instead of investing it here. Pethokoukis estimates $1.5 trillion in U.S. corporate earnings is currently “locked out” of the United States, and could produce up to 3 million jobs over the next two years, if we moved to a territorial tax system.

Both of these ideas are key features of the Romney economic platform, which also proposes strengthening credits for research and development, and repealing the corporate Alternative Minimum Tax – a trap for corporations that seek to employ too many of the deductions explicitly offered to them by our massively complicated tax code.

Unfortunately, the current President hates growth-oriented tax reform proposals, and will fight tax reduction to the death, so he really doesn’t have any further need of his own “Council on Jobs and Competitiveness.”

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  • HarleyCharley 2012/07/19 19:21:34
    He's too busy holding fundraisers to get reelected. But then he will meet wit...
    HarleyCharley
    +4
    he does not seem to care that so many are out of work.....

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  • Dee 2012/07/21 04:28:40
    I think...
    Dee
    The Jobs Council is just a feel-good group that gave the appointees something to put on their resume' in November. They have accomplished absolutely nothing.
  • Lady Whitewolf 2012/07/20 00:40:44
    I think...
    Lady Whitewolf
    Gee, it seems funnt that EVERY jobs proposal Obama has brought up the REPUBLICANS have spit on!
  • none 2012/07/19 23:11:41
    He's too busy holding fundraisers to get reelected. But then he will meet wit...
    none
    Obama put Immelt in charge and he's outsourcing GE jobs as fast as he can.
  • Mary Ann 2012/07/19 22:37:04
    I think...
    Mary Ann
    he's too busy making claims that Mitt Romney sent all the American Jobs to China and he didn't!
  • Dwight PWCM 2012/07/19 22:29:29
    I think...
    Dwight PWCM
    They may be waiting for Barry in a Country Club in Maui.
    maui country club
  • lolo 2012/07/19 20:31:48
    I think...
    lolo
    He could care less about jobs or the economy.
  • Aurora 2012/07/19 20:02:50
    I think...
    Aurora
    +1
    all of the above, because Obama only cares about his perks of the job.
  • USAF Vet 2012/07/19 19:52:55
    I think...
    USAF Vet
    +1
    Obama 'Jobs Council'...sounds oxymoronic. Aren't they over in china sipping champagne?
  • Will Advocate of PHAET 2012/07/19 19:46:41
    I think...
    Will Advocate of  PHAET
    +3
    Apparently he didn't like the advice they gave him. Obama should know with all his experience in business. Ha Ha!!
  • maggiemay 2012/07/19 19:39:43
    He's too busy holding fundraisers to get reelected. But then he will meet wit...
    maggiemay
  • Kat ♪.BTO-t-BCRA-F~PWCM~ 2012/07/19 19:31:28
    I think...
    Kat ♪.BTO-t-BCRA-F~PWCM~
    +2
    They're just there to get the free government money and he's too busy with fundraisers and golfing to care about the unemployed.
  • Mr. T 2012/07/19 19:28:31
    He's too busy holding fundraisers to get reelected. But then he will meet wit...
    Mr. T
    +2
    "Jobs Council"......hahahahahaha. What an oxymoron.
  • HarleyCharley 2012/07/19 19:21:34
    He's too busy holding fundraisers to get reelected. But then he will meet wit...
    HarleyCharley
    +4
    he does not seem to care that so many are out of work.....
  • Mr. T HarleyC... 2012/07/19 19:29:13
    Mr. T
    +4
    Care...this POS put them out of work so he can try and get them on government assistance for their vote.

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