The "Jobs" bill he has been touting since he he got done with his rest time after his Martha Vineyards "working man" vacation has really got to be throwing some very conflicting feelings towards the fans of Obama. Let me tell you why. Obama is pressing for a tax CUT in the form of social security tax. Everything I say here can be confirmed at the DNC's http://www.americanjobsact.com/ website.
"Tax Cuts to Help America's Small Businesses Hire and Grow" and "Cutting Payroll Taxes in Half...put more money in the pockets of every American".
This sounds a lot like tax cuts for businesses and the workers actually help the economy grow.
Now I thought democrats and liberals in general were opposed to less taxes, as it does nothing to help and economy when tax cuts are implemented. So why is Obama touting this? I don't know, but any reason one examines is a strike against him.
Reason 1: If you are one of the Obama supporters that think that Obama is the smartest, most intelligent and eloquent person to ever walk this Earth, then he is using his intelligence and is admitting that tax cuts stimulate job growth in an economy. And if the smartest guy in the room is saying this, it must be true so you can't argue against it.
Reason 2: Or Obama has just given in to the right wing wackos that want to line rich people's pockets and allow them to buy corporate jets*. If this is the case, then Obama is a spineless coward that was all talk and no action.
Reason 3: He is touting tax cuts because Wall Street is pressuring him to. If this is the case then Obama has brought no change to the way Washington does things (special interest groups). So instead of changing the way Washington does things, he has merely given in and in now another puppet president of the fat cats in Wall Street.
No matter how an Obama supporter looks at how Obama has handled things this summer, you all come out with the short end of the stick. There is no spin on this that makes Obama look good for his supporters.
*Every time a billionaire buys a corporate jet and runs around the country in it he is creating jobs- the jet did not spontaneously appear out of the air, and it certainly does not fly or maintain itself. A list of jobs the billionaire just created by buying a jet: Engineers who designed the plane, engineers who design electronics and avionics gear, engineers who designed the engines. Workers (probably union) who build all the things that have been designed. Pilots, stewards, mechanics both engine and electrical to maintain the aircraft, air traffic controllers, rent to airports for hangar space, fuel delivery personnel. I haven't even mentioned the web of jobs created as secondary to the need for all of this, like people who train pilots, construction workers who build the facilities, plumbers for toilets, administrative personnel for file paperwork, workers who build small components, gas companies that make aviation fuel, etc, etc. Maybe it is not a good idea to attack the one thing the uber rich actually do that creates jobs.
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4 comments:
"Let's be clear" This is not a tax cut - it's a tax shift. Obama is shifting taxes from one segment of society ($200K earners and up) and giving it to another segment, most of whom make up the 47% or so that do not pay any taxes at all. This is where a tax "cut" actually becomes a tax expenditure. Taxes are collected from a group that pays taxes and then added to the refund amount of the group that doesn't. It therefore becomes an expenditure.
Dbag, my whole point is the Enlightened smartest man in the world is either not that smart, or is acknowledging that more money in the pockets of people is good for the economy. Don't get all caught up in the details. Whether it is a tax shift or a cut, the basic premise of more spending money equals better economy is a premise liberals have been fighting for...ever.
It may be a retarded (and by that I mean limited maturity, not in an offensive way, PC police) view of the Laffer Curve (Reaganomics, or trickle down economics), but it is a form of the laffer curve nonetheless.
So Obama is either admitting that the conservative view of less taxes is correct (because after all, if it would be good to put $1500 in the pocket of a middle class family, who can argue putting $1million in the pockets of a company would be bad?)or he has no spine and has bowed in fear of Boehner, or he has sold his soul to the Bilderberg group and is now a puppet. No matter how you look at him, Obama fans everywhere have got to be horribly depressed over all this.
Duh. I get that. I understand the flavor of your post here.
Just pointing out the details...
I'll admit, I don't understand the jobs bill, and I've stopped trying to understand what anybody in Washington says they're trying to do, including President B.O.
I don't understand why individual consumers are advised to fix their finances by reducing spending, paying off debt, and increasing revenue, but the government fixes ITS finances by (depending on who you're talking to) increasing spending, increasing debt, and reducing revenue.
I would reduce spending pricipally by developing an isolationist foreign policy. Stop "stimulating" the economies of Iraq, Afghanistan, and every other flea-bitten third world country on the globe. I'd increase revenue by taxing the super rich and corporations that currently have record profits, and I'd put some of the money back into the crumbling schools and infrastructure and start paying down the debt. But that's just me, a guy who can't see anybody he'd vote for so far.
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