| The Hillbama 2009 Employment Elimination Act
Posted: 6/8/2008 4:59:00 PM | It's been nearly 30 years since President Ronald Wilson Reagan launched the longest and strongest period of economic growth in the nations history, a growth that continues -- interrupted only by normal and relatively short periods of adjustment -- to this day.
Reagan's conservative supply side economic policies, chief among which was cutting tax rates, ended the painful period of double digit unemployment, unaffordable housing and stagflation that were the economic hallmarks of the Carter administration preceding him.
But for some reason, even in all this time, the Democrats have STILL not given up their quest to reinstate the very pre-Reagan economic policies that led to the collapse of the employment market and the painful experiences of stagflation.
What part of tax increases cause unemployment don't Democrats understand?
Even though it is virtually undebatable today that tax increases lead to fewer jobs and tax cuts lead to more jobs, both Obama and Clinton are hell bent on increasing taxes and causing the elimination of jobs. Perhaps they long for a return to the double digit unemployment days of Jimmy Carter?
Homeless people don't create jobs. Entrepreneurs and businesses create jobs. And profits create entrepreneurs and businesses. It is the idea of making a profit that motivates someone to do the work and take the risks involved in starting or expanding a business. Take away the profit, take away the incentive, eliminate the jobs that would have been created if there had been someone to start the business and hire people.
Apparently, Democrats, and especially their two presidential candidates simply do not grasp this simple concept. They never miss an opportunity to propose some new policy that punishes the people who create the jobs and therefore eliminates the jobs of many more.
Both Clinton and Obama have vowed to raise everyone's taxes (including yours). But Obama's proposed tax policy is perhaps the worst campaign pledge I have ever heard.
Obama is proposing, not only eliminating the Bush tax cuts which would raise the top marginal Federal income tax rate to about 40%, but he has also proposed a "donut hole" policy that would increase the caps for social security taxes to apply them against unlimited earnings. This is simply insane.
Obama's tax policy would mean that marginal tax rates for high earning entrepreneurs -- the ones who create jobs -- would be in the mid 60 percents! With a federal tax of 40% plus the current self employment tax of over 15% plus state taxes in some states like California of about 9%, the marginal tax rate that an employer would have to pay is 64%!!!
What person in their right mind is going to risk their capital, do the hard work and deal with the headaches involved in starting or expanding a business when they are working for 36 cents on the dollar and the rest goes to their do-nothing partner in the government?!
Answer: No person. Some businesses will close, some will never get started in the first place and some will not bother to expand because there is no incentive to do so. That means the jobs that go with those business either disappear, or are never created in the first place.
Bottom line, if Clinton or Obama's tax policies are implemented, the engine of job growth created by supply side economics and the tax cuts under Reagan, Bill Clinton and Bush is shut down returning to the days of drudgery and high unemployment rates.
And that doesn't include the Democrat's policies of raising the capital gains and dividends tax and corporate income taxes. These policies will further reduce investment incentives and choke off even more business development, expansion and jobs.
Why do Democrats hate creating jobs? | |
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| The Hillbama 2009 Employment Elimination Act
Posted: 6/8/2008 5:02:27 PM | | Good post...the Democrats/Liberals believe that the "Rich" should be punished and pay for all the free stuff that they feel the "Poor" are entitled to....but in the end it just takes away the incentive for Business success... | |
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| The Hillbama 2009 Employment Elimination Act
Posted: 6/8/2008 5:11:57 PM |
Why do Democrats hate creating jobs?
Because all the folks receiving entitlements[and therefor ever so greatful for all the gifts]might actually go to work for the first time in their miserable lives[not by choice]and then no longer be the ever faithful throng that the Dem's and all liberals so need to justify their own existance. | |
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| The Hillbama 2009 Employment Elimination Act
Posted: 6/8/2008 5:12:44 PM | When an Obama supporter hears "Change," they picture themselves in the yacht, mansion and Maserati that was confiscated from the "rich" guy and given to them.
It's not that they don't like rich people, it's just that they don't like the rich people not being themselves.
The change they fantasize about is that they will be the filthy rich instead. It's envy, not hatred.
So they vote for the guy who vows to raid the castle and plunder the King's treasure.
It's called theft. Instead of earning it yourself, steal someone else's wealth to satisfy your own selfish greed and lust for wealth. | |
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| The Hillbama 2009 Employment Elimination Act
Posted: 6/8/2008 5:29:56 PM | Gee sir, while yer givin' us poor folk all dem nice jobs could ya please stop killing our sons and daughters in an illegal war? I KNOW that war keeps those rich people real, real happy but I just don't think that's quite reasonable.
Do you honestly think it is this simple? For starters, the middle class is plundered, it is vanishing and the filthy rich are on the only ones doing well in today's economy. As the numbers of disenfranchised continue to grow, this arguement is going to be an incredibly tough sell.  | |
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| The Hillbama 2009 Employment Elimination Act
Posted: 6/8/2008 5:45:46 PM |
Reagan's conservative supply side economic policies, chief among which was cutting tax rates, ended the painful period of double digit unemployment, unaffordable housing and stagflation that were the economic hallmarks of the Carter administration preceding him.
But for some reason, even in all this time, the Democrats have STILL not given up their quest to reinstate the very pre-Reagan economic policies that led to the collapse of the employment market and the painful experiences of stagflation.
What part of tax increases cause unemployment don't Democrats understand?
Reaganomics created the start of the horrendous debt load the country is paying interest on now, and also created an aristocracy with unmatched power.
http://zfacts.com/p/318.html
Look at the curve on that graph....
US debt 1979 ? 1979 $ 845,116,000,000
US debt 1992 ? 1992 $4,064,620,655,522
The national debt — the total accumulation of annual budget deficits — is up from $5.7 trillion when President Bush took office in January 2001 and it will top $10 trillion sometime right before or right after he leaves in January 2009.
http://www.usatoday.com/news/washington/2007-12-03-debt_N.htm
What part of this are you not getting ?
Cut taxes, and the money doesn't trickle down....it sticks like crazy glue.
Eight years of this, and look where the American economy is. How much more proof do you need ?
At the same time you rack up debt like a kid with his first credit card, and now the interest on that debt alone is impressive. That's not prosperity, it's selling your future off for today.
Look at the destruction of the middle and working classes, it's all around you.
What part of tax cuts causing huge debt loads don't Republicans understand? | |
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| The Hillbama 2009 Employment Elimination Act
Posted: 6/8/2008 5:50:25 PM | | Bush's stimulus plan of 2008 is the EXACT opposite of Reagonomics although the stimulus package really is a bribe paid with funny money. Bush was probably smirking when he pushed it through | |
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| The Hillbama 2009 Employment Elimination Act
Posted: 6/8/2008 6:03:06 PM | I remember years ago, Rush Limbaugh would say something to the effects of changing his listener's heads of mush into heads of Rush. I think that is how it went - basically filling empty heads with the ideals of Rush Limbaugh. I haven't listen to him in years. Does he still say that?
Anyway, Reagan's trickles-down theories of economics had one major flaw: they didn't account for the greed of the rich. Now we are seeing the results. The money doesn't trickle down at all. The rich just hold onto it. Even worse, now the rich, along with our government (both parties - both only existing to benefit the rich), have positioned things so the money trickles up, instead.
In time, if things continue as they are, your children and grandchildren will exist only to service the rich (yeah, I know, I say that a lot - people need to hear it again and again). | |
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| The Hillbama 2009 Employment Elimination Act
Posted: 6/8/2008 6:05:58 PM | In the best of all possible worlds, the American economic engine and free enterprise will create jobs and opportunities galore for everyone; and, tax breaks to the rich industrialists would translate to capitalization of manufacturing, resulting in production jobs........
Nice on paper.
I'm not sure whether the history lesson and the premises this thread started out with are true, even a little true. | |
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| The Hillbama 2009 Employment Elimination Act
Posted: 6/8/2008 6:40:13 PM | I always get a chuckle when I hear Democrats/liberals complaining about the national debt. For at least 60 years, they've never seen a huge sloppy government spending program or bill that they didn't push.
And with all their talk about the debt, apparently it doesn't stop them from proposing trillions of dollars in new wasteful spending on government programs even after it has been demonstrated that the government can't get anything right.
The government tried to run a pension program called Social Security, for example. Result? It's hopelessly inefficient, impossibly convoluted and unnavigable and broke.
The same thing is true of the government run Medicare system -- only worse.
In spite of the horrific track record of waste, fraud, inefficiency and failure, with every major program the government tries to run, the Democrats still cling to a government run health care system as the backbone of their domestic platform.
And then they complain about deficits? It's got to be desperation!
Anyway... this demonstrates one of the fundamental differences between liberals and conservatives.
Liberals believe in gloom and doom, that the sky is falling, that individuals are evil and must repent by engaging in self flagellation and must be controlled closely by a big government. They are pessimists. They see the economy as static, never advancing beyond a certain fixed level.
Conservatives believe in hope and have confidence in individuals. They believe in a bright future where government plays a minimal role allowing the maximum amount of freedom for the individual to choose his own destiny and route to get there. They are optimists. They see the economy as dynamic, able to achieve new levels of prosperity never before possible.
Therefore, to a liberal, national debt means doom and gloom. How can we ever afford to pay back a large debt when we are doomed to a static economy forever.
But a conservative sees that debt as an investment in a dynamic economy that has tremendous growth potential. Who says that this country isn't prosperous enough to pay it back?
Who is right?
Well, it's pretty clear that the savvy money is betting that the conservatives are.
That's why -- in spite of the US national debt -- US debt is considered the safest in the world and purchased by the billions of dollars by the most savvy investors around the world.
Unless you know something that the governments and institutional investors who snap up US debt like it is going out of style don't know, your criticism of the national debt has no substance.  | |
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| The Hillbama 2009 Employment Elimination Act
Posted: 6/8/2008 7:26:11 PM | | You're being suckered. The rich and the government have you right where they want you. Keep believing as you do and your children and grandchildren will be cursing your name. You are selling them down the river, believing that propaganda. | |
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| The Hillbama 2009 Employment Elimination Act
Posted: 6/8/2008 7:54:52 PM | At first glance, the temptation was to dismiss the OP as the ravings of a dyed-in-the-wool, delusional Bush-bot. But then I realized, everything he says MUST be true!! You just can't make this shit up!! 
(And to think some people STILL insist that Reagan's "supply side voodoo actually works!! )
Ah well, I guess we'll have to get used to these last few months of parting shots as Bush and the rest of the squatters are finally shown the door.  | |
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| The Hillbama 2009 Employment Elimination Act
Posted: 6/8/2008 8:05:42 PM | Poor poor rich people, why do the liberals hate them so much ?
Why can't the poor learn to love the rich ?
Afterall, don't the poor want to be rich themselves someday ?
If we all just work real hard (non-union of course ) and save our pennies , we'll all be rich too. | |
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| The Hillbama 2009 Employment Elimination Act
Posted: 6/8/2008 8:41:35 PM |
Why can't the poor learn to love the rich ?
I assume your post is in jest, but I'll respond, anyway:
Nothing wrong with a person making big bucks by working hard, respecting those they employ, who do not control (by means of a corrupted government) a prime resource, and who are saddled by the same rules as the rest of us.
But it doesn't work that way. The rich, abetted by the government, is awarded every advantage. Worldwide, 2% of the adults control 50% of the wealth. In the US, 10% own 85%. The government continues to offer the privileged few (who often acquired their money through circumstance of birth, not by working for it) all the perks so they will soon have the rest:
"Let's build a shopping center Mister Councilman," they say. "It will create lots of jobs. We'll need some tax breaks, though, to make it happen. Of course a low interest loan - better still, lets get some of those grants (don't want to risk our own money). Well, sure, the poor don't get those breaks - everyone can't be rich. We need someone to clean the toilets in our new shopping center don't we, Mister Councilman. We'll also need that land all those poor folks live on to build our shopping center. Mister Councilman, you remember that, um, contribution we made to your campaign, so, um, how's that eminent domain work, again? That's for roads, you say? No, no - the greater good, that's what eminent domain is all about...remember all those jobs we'll create. Well, yeah, sure there only minimum wage jobs - but there will be a lot of them. Besides, we'll get rich - well, richer. Have another cigar Mister Councilman." | |
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| The Hillbama 2009 Employment Elimination Act
Posted: 6/8/2008 8:46:06 PM | | Right, so no one should ever open a business or strive to succeed. We can let the Government take all the money and provide for everyone equally regardless of whether or not they helped to earn any of it...hmm That reminds me of something... | |
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| The Hillbama 2009 Employment Elimination Act
Posted: 6/8/2008 8:54:59 PM | When an Obama supporter hears "Change," they picture themselves in the yacht, mansion and Maserati that was confiscated from the "rich" guy and given to them.
Shades of deja vu -- Bolshevic Republic, EXACTLY the same Promises of Hug Chavez. Everybody just LUVVED Hugo when they VOTED him in!
Do you remember when the Poor Cuban exiles were welcomed to the US? Do you also remember that they were the SAME folks who spit on our Ambassadors and cried "Yanqui, Go Home!" Yes, they were the middle class. Same dreams and aspriations of America's " middle class" today. (Oh! But this is AMERICA!!! It could NEVER happen here!)
The only reason history continues to reapeat itself is because too many of us don't learn history! | |
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| The Hillbama 2009 Employment Elimination Act
Posted: 6/8/2008 9:00:03 PM |
Right, so no one should ever open a business or strive to succeed. We can let the Government take all the money and provide for everyone equally regardless of whether or not they helped to earn any of it...hmm That reminds me of something...
Often, those who do the most work, and produce the most, are paid the least. The rich often just sit back and play money games, getting richer while producing nothing of value. What do you think a speculator does. A speculaor contributes and produces nothing - just grabs the money from the rest of us.
People need to open their eyes and see the world for what it is. A good first step is to turn off the talk radio. | |
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| The Hillbama 2009 Employment Elimination Act
Posted: 6/9/2008 4:13:55 AM | Like the Rain Have you been outside lately? Our economy is in the worst shape it has been in since the great depression, What new jobs have been created to replace the 10s of thousands that have been lost in the last 8 years. WALMART is the largest employer in the United States,. Our tax base has been eroded, it takes decent paying jobs to support an economy, where are they going to come from? I see the new businesses and entrepreneurs as I go to work in the morning they are mowing grass and doing yard work, if I want to see more I can go to McDonalds
Gas is rapidly approaching 4 dollars a gallon how are the Walmart workers going to get to work? We are involved in a war that has no end. , We need to rid our government of the new generation of carpetbaggers that are now in office and have been stealing from the poor to give to the rich
We are the government of this country and need to step up and take control while there is still some thing left | |
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| The Hillbama 2009 Employment Elimination Act
Posted: 6/9/2008 4:43:50 AM | | I suggest everyone read an essay called 'War is a Racket" by Gen Smedley Butler who later became a U S Senator. In it he explains how Corporations's profit rise by several thousand percent during war times while Americans are always told we must all sacrafice for the good of the nation.Why don't we freeze prices so that no one should profit while our during a time when our soldiers are losing their lives.The entire econimic policies of most republican adminisgtrations can be tied directly to war,and turining blind eye to regulations in the market.Corporations profiting from wars do not want the war's to end and use their influence to keep them going. All for the low price of a few thousand American lives, and ten's of thousands of the lives of other peoples.History can provie it. Now how's that for job creation.Everyone read that eye popping artilce by a decorated General, two time medal of honor winner, and former Senator who knew first hand what he was talking about. | |
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| The Hillbama 2009 Employment Elimination Act
Posted: 6/9/2008 7:56:45 AM | always get a chuckle when I hear Democrats/liberals complaining about the national debt. For at least 60 years, they've never seen a huge sloppy government spending program or bill that they didn't push.
You do realize the difference between spending money you already have (taxes) & spending money you have to borrow, right? That whole 'interest' thing?
Are you seriously contending that spending WITHIN your BUDGET is anything like racking up massive debt?
The government tried to run a pension program called Social Security, for example. Result? It's hopelessly inefficient, impossibly convoluted and unnavigable and broke.
It's broke because 'people' keep stealing from it......that pesky 'borrowing' thing again. | |
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| The Hillbama 2009 Employment Elimination Act
Posted: 6/9/2008 8:10:49 AM | Well Gosh.....by your logic, after 8 years of 'lower taxes' we should be positively swimming in jobs & prosperity!
Oh wait......5.5% unemployment, US budget trillions in the red, 763 billion looted from Social Security to pay for Bush's wars & tax cuts for the wealthy? | |
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