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  • #31
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    He has the right idea, we need to stimulate demand, but it's impossible to give everyone a tax cut to do so.
  • #34
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    This country still faces a jobs crisis. Adding 11-18 million illegal aliens to the workforce
    and increasing legal immigration as the Gang of Eight is proposing is an insult to unemployed Americans.
    If you against any kind of Amnesty, go to this website and register.
    Google this: NUMBERSUSA .
    Once you are registered, go to the "action board"
  • #8
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    They didn't talk about the reduced hours of employees in most businesses to reduce costs. This reduced income which in turn reduces purchasing power and the economy will reflect that in the next quarter with a down turn.

    So unemployment decreased and underemployment increased because of less hours for workers, then taxes increased which further reduces the buying power and available income to employees, yes we are headed downhill on a roller board and it will pick up momentum.

    In the supermarket you may have noticed your getting less in packaged goods for a slightly higher price which equals less for more. This keeps the supermarket profitable in some respects.
  • #23
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    The underemployment is a big one, and I don't think it will show up in any "reports." Much of this is a direct response to try to eliminate positions to try to shrink exposure to new healthcare liabilities.
  • #43
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    The concept of his post is similar to the recent economic crashes and response in Europe by over taxation. The end result is the big economic generator Middle Class has less disposable income with which to spend with continuity. The power has been with the people all along. The wrong bunch got the bulk of the stimulus.
  • #62
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    @Rocker I don't think people really have any idea how much of every dollar they spend goes toward taxes. That's why it's time for employees to not be able to do automatic deductions anymore, including their own "portions." It's time people write these checks, so they are aware how much is really going out.
  • #78
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    @Firestorm Income tax is only a small portion of the taxes we pay, look at sales tax, fuel tax, property tax, social security tax, and the list just keeps going on and on and on. And do I get representation (representation of my ideas), no, I get taxation without representation. Thats what caused a war that set the USA on track to become a nation.
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  • #9
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    This is a pretty good statement overall. It puts the real issues to the forefront and does not accept the government's reporting as the whole truth....which it damned sure is not.
  • #4
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    Yes. Obama either is a complete idiot who does not understand our economy, or he is a devious traitor purposely trying to wreck our dear country.
  • #18
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    @DarthSidious Yes it's all Obama's fault. Let's start pointing the finger at him and not hold responsible every single member of congress as they do absolutely nothing yet again. We can't do that because one of our guys might be in there someplace.
  • #19
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    @frigginhell The same congress who believes that the proper response to anemic consumer demand is to cut government jobs. Teabagger logic is painful.
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  • #20
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    What was not mentioned was the number of full time workers who became part time workers as a result of Obamacare. More who become dependent on foodstamps, and the illegals competeing for jobs, also contributed. A complete overall of who is responsible, which is pretty much everybody on Capitol Hill, is needed. A good point made was raise taxes, less money. Somebody got it right.
  • #55
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    OP-ED
    Latest Jobs Report An Unmitigated Disappointment
    Anemic growth is a natural response to shrinking demand, falling income and poor decision-making in D.C.

    Seems pretty accurate to me. Who is gonna argue with that?
  • #36
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    From the New York Times:
    "Obama budget is dismissed by the GOP and liberals quickly vented their anger about Mr. Obama’s plans, saying they would not accept changes to Social Security and Medicare that would threaten the programs and harm beneficiaries."

    This president does not have a clue.
  • #59
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    This president is willing to throw all under a bus.....all = senors, Repubs, his own party....etc.
    I said that if Obama would do things like Obamacare when a majority of the voters didn't want it BEFORE a re-election, that after the re-election, there would be no holds bar! In 3 years, we will be neck deep in Obamashit!
  • #60
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    @stepped_in_it It's irretrievable now, with the 11 million illegals already here and millions more pouring in , the parasites outnumber the producers and the left is clueless as to why the wealthy are taking their wealth and their companies and themselves overseas.
  • #64
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    @earl I've always said that if you over tax the wealthy, they'll just take their money and leave (see France......soon to be nothing but croutons and vino....but no wealthy people).....
  • #71
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    @stepped_in_it I think that 70% tax was overturned in France but they were leaving in droves. It would be 70% here were it not for the Republicans in the house.
  • #30
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    Government is a parasitical organism in the process of killing its host, the market. In order to survive, we must strip the government of its coercive power and authority, and establish a free market, devoid of taxation.
  • #33
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    So, since the government runs mainly on tax revenue, where would the replacement money come from? The rest of us? The big problem is the tax code itself. Revamp it.
  • #35
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    @Roco

    "So, since the government runs mainly on tax revenue, where would the replacement money come from?"

    - Nowhere. The horrid institution would be shrunk down to nothing, and abolished. Society could go about its business, providing goods, services, infrastructure, security, charity, etc. through private means, and without the spectre of statism hanging over our heads.
  • #39
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    @Seamus So the public should trust the private sector in every aspect of our lives which mentality is the "all mighty profit? We have seen how well the private sector loves to hide defects in products, collude to price/fee manipulations. The private sector running the judical system? Talking about injustice! I could go on. But neither system is anywhere near 40% perfect, but the government is the lesser of two evils.
  • #41
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    @Roco

    "So the public should trust the private sector in every aspect of our lives which mentality is the 'all mighty profit?'"
    - Yes. The market (which includes you, by the way) has yielded a standard of living beyond comparison to the more statist/socialist systems. It is reliant upon consumer demand, unlike the state, which derives all revenue by force.

    "We have seen how well the private sector loves to hide defects in products, collude to price/fee manipulations"
    - That's why you should participate in private consumer advocacy organizations, instead of leaving it to government regulators who have been bought and paid for by corporations. Also, exclusive government contracts are the #1 source of industry monopoly.

    "The private sector running the judical system?"
    - A system which it seems you have never even thought about. Search "The Machinery of Freedom" on YouTube, then talk to me. Seriously, go and watch the illustrated summary right now.

    "the government is the lesser of two evils."
    - If mass organized theft, prolonged recessions, and frequent world wars is your idea of a "lesser of evils," then you have a pretty funny idea of what evil is. The dangers you ascribe to the market are either vague and undefined, the result of government, or hypothetical. But the dangers of statism are proven.
  • #14
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    With those numbers Bambam's not going to win back the House in 2014 if he's not careful. In order to turn this economy around he has to do a complete 180 on regulations, spending and taxes. If what he thought would work is not working --- the exact opposite might be the right answer.
  • #6
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    American buisnes lost faith in the economy and the country during the last election. We are trying to tax them heavil and so forth, of course job creation is stunted and anemic.
  • #2
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    I can see the author's point of view here. Pretty soon unemployment will be real low statistically since we don't count those that have stopped seeking employment.
  • #51
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    @Jayden I don't get to vote on legislation, budgets, etc.. The Senate and the POTUS are Democrat., they do.
  • #54
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    @Jayden How do you have a double sided political view. All views are just that , an opinion about something and my opinion is that the president and the democrats have no clue.
  • #76
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    @earl There is no such as economic failure from a two party system.When it fails,it's proof that both parties only differ in name.We wouldn't have this mess otherwise.You should think about including Republicans in your thanks.
  • #79
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    @Jayden The Senate and the POTUS are Democrat. If the Republicans were in power, I'd blame them. I am not a Republican.
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