Out of Ammo on Jobs, Economy

By | August 10, 2011

Carney’s Statements

Said Jay Carney, White House spokesman, on 4 August, 2011, in response to a reporter’s question about jobs, “Well, the White House doesn’t create jobs. The government together – White House, Congress – creates policies that allow for greater job creation. And that can be through tax cuts, for example, for working Americans; everyone who works pays a payroll tax. And the tax cut that this President pushed for, for one year, for this calendar year, he’s pushing for to be extended next year.”

Again, said Carney, in response to a reporter’s question about Obama’s upcoming bus tour, “Well, he will continue to make the case that we need to take the measures necessary as a country, working together with Congress, to – that will spur greater economic growth and create more jobs.” Responding to the same question, he continued, “So what we have to do is reduce our deficit in a balanced way that ensures that we do not actually harm our economic growth prospects or our job creation prospects.”

Economic Growth, Create Jobs?

With Carney’s statements in mind, let’s examine what economists say about economic growth and jobs creation. Some economists have said that the proven way to grow our economy is through tax cuts. Tax cuts that help small businesses create jobs include lower top marginal income tax rates and lower tax rates on capital gains and dividends. Small businesses that employ the most workers will be particularly hard-hit if taxes increase. There is never a good time to raise taxes, because higher taxes always slow job creation. But raising taxes now, as the economic recovery remains weak and job creation is non-existent, would be an economic disaster.

The US has a jobs creation and sustainment problem, and there does not seem to be much that President Barack Obama nor Federal Reserve Chairman Ben Bernanke can do about it. Regarding jobs and the economy, “Obama does not have much presidential persuasion left. He is running out of capital,” said James Thurber, of American University’s Center for Congressional and Presidential Studies. “It seems we’ve thrown everything at it. We’ve had QE1 and QE2, Stimulus 1 and Stimulus 2, and the unemployment rate is still 9.2 percent,” said John Makin, an economist at the American Enterprise Institute in Washington. “Maybe there are just not many options here at this point,” he said.

JPMorgan cut its first half 2012 growth forecast from 2.5 % to 2% due to fiscal drag. “Given that GDP growth has been 1.6 percent over the past four quarters when fiscal policy has been much less of a drag, this doesn’t bode well for next year,” JPMorgan’s Michael Feroli said. Federal Reserve chairman Ben Bernanke has few options at his disposal. The Fed is not expected to announce an extension of its quantitative easing, or QE, measures to stimulate economic activity.

President Obama promised more ideas to boost hiring and jobs creation soon, but the White House did not say what he had in mind or when he would lay out suggestions. Regarding tax cuts (the only one Obama has ever proposed), Obama proposes bringing jobs back to the economy through payroll tax cuts. He wants to repeal the Bush-era tax cuts on families making more than $250,000 annually, the very people who create most (non-government) jobs.

Regarding the Economy and Jobs, Where Are We?

After almost three years of economic failure and a huge debt, all we continue to get from this administration is “talk, talk, and more talk.” Still they try their old plays that have NOT worked, as we see from this article. When is this administration going to admit defeat, that their policies and ideas do not work? Who is going to sink first, this country or the Obama administration?

But that’s just my opinion.

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0 thoughts on “Out of Ammo on Jobs, Economy

  1. WillofLa

    Obama has plenty of ammo left, don’t be fooled. That is a common ploy used by people for hundreds of years. It’s called “playing possum”. It comes from the defence mechanisms that some animals have where they play “dead” to throw the preditor off and give the “dead” animal a chance to get away when the predetor stops attacking it. Obama and company may be playing “dead”, that there is nothing more they can do to hurt us, so they are stopping. No, they are no where near stopping. He has plenty of Presidential Directives left to put on us. Obama has plenty of tricks left up his sleeve. Remember what he believes about the Constitution. He believes that it is a document of “negative rights” for what the government can do for and to you. Well, we have plenty of rights left that he can take from us.

    I thought he wasn’t going to violate Saul Alinsky’s Rules for Radicals when he got into office. I didn’t realize that he was going to ignore the “rule” that says you don’t take on big things that are near to the heart of the people unless you are in a position to take the right away then and there. Well, he is near that, but not quite. But he has stepped on rights and big issues that he wasn’t supposed to take on according to Saul. Obama is violating his own “rules” . He wasn’t supposed to have taken on our health care because he wasn’t in any position to take down the major insurance companies yet. And I’ve heard from Harry Reid of all people where he admitted to some people that ObamaCare wasn’t supposed to become law. All he wanted to show the Republican’s was that he could get 60 votes if he needed them. But I think it was Pelosi who wanted it to become law right now regardless of who it was that didn’t. She was the one who was sooooo happy about signing ObamaCare into law that she went across the street to get the “big” gavel to pound the bill into law!!

    She couldn’t wait to swing that hammer, and they’ve still got that big hammer. Democrats are going to have to be removed completely if we are going to get anything done.

  2. WillofLa

    And early in the Obama administration we heard something about some little tiny tax cut to the tune of $13.00 a week, or month, or what? I never did get it clear as to what Obama was giving the American worker. Was it thirteen dollars a month or what? But I did hear people ALL saying the same thing that Obama’s idea of a tax cut was nothing. Gasoline was beginning to go up some and I heard people say that this tax cut was going to be sucked up by having to spend it on gasoline. But then I never did hear that this tax cut became law. So I don’t know if people ever saw a real tax cut come out of Obama. I heard alot of talk about his idea of tax cuts, but then I heard that he wanted the Bush tax cuts eliminated. And Nancy Pelosi tell a reporter what allowing the Bush tax cuts to expire. She told the reporter, and many of you will remember this, the reporter asked her if allowing the Bush tax cuts to expire was a tax increase. She said, “No. What it is, is the elimination of tax reduction.” See how Socialist use language to change the meaning of words that we are all familiar with and know what those things mean, but Socialist refuse to use those words, because they know you will know what they are up to. So Socialist use words and sentence structure to change the meaning of common words. Like instead of “tax increase”, they use words like “investment”. And when they are talking about the government looseing money from tax money not coming in would be a tax reduction or some crap.

    In other words it’s all language that can mean tax or expence, investment or reduction, tax cut, and tax break. They say things like “tax allowance”, and I’m not even sure what that means, but it doesn’t matter because it all means the same thing, and that is the government isn’t getting as much in from your income being taken in before you get your check at work. But what they don’t want American’s who support Democrats is that tax cuts mean more money being paid by consumers also means more excise tax(sales tax) being paid into the government by people buying more things for themselves.

    But one thing we have to remember is that Obama believes that we shouldn’t be living as well as we do, when like he says people in other country’s aren’t living as well as we do, and that they don’t like the fact that they can’t and we are, is what Obama tells us. Like we shouldn’t decide to live comfortablely when we know there are people in the Middle East without air conditioning. And we shouldn’t decide to go eat at McDonalds when ever we want to when we know that there are babies and little children starving to death in Somalia and elsewhere in Africa. Like we aren’t suppose to go eat a good supper at some nice resturant when there are starving children in China. I can remember my grandmother telling me to eat all my food because there were “starving people in China”. That’s all I heard. The starving kids in China, etc, etc, etc.

    When can we eat? When can we wear nice shoes because there are children in Europe who are to poor and can’t afford to buy shoes. When can we turn our air condition on when it’s 109 outside in the middle of August and we are melting when we know that there are children in Libiya and it’s 120. Like I’m supposed to feel lucky that it’s not 120 here and I should feel fortunate that it’s 109? And I’m to leave the air off, right? Forget that!! I pay that bill and I’m going to be cool in the Summer, and warm in the Winter, and I really don’t care what is happening in other people’s country. And i believe that most American’s believe the same way I do. And that is exactly what Obama says is wrong with American’s. Really ? Really? Well, screw you Obama!!!