Classic Obama double-speak

[petegz28]

Obama said the top priority in solving the country's fiscal crisis "must be jobs and growth."

White House press secretary Jay Carney said the president would bring to the table a proposal for $1.6 trillion in new taxes on business and the wealthy when he begins discussions with congressional Republicans, a figure that Obama outlined in his most recent budget plan. The targeted revenue is twice the amount Obama discussed with Republican leaders during debt talks during the summer of 2011.

http://www.cnbc.com/id/49821777

Ok, you can't say on one hand your #1 priority is "jobs and growth" and on the other hand talk about raising taxes on business.

For the economically challenged, raising taxes on businesses raises the cost of doing business which does not spur job creation nor growth of the economy.

I swear listening to this Admin and his party makes me feel like I took a handfull of crazy pills sometimes.

[petegz28]

Originally Posted by BucEyedPea

Then we disagree. The federal govt after WWII cut spending dramatically and there was an economic boom.
The more the govt needs for revenue, the more it has to take out of the private economy. That suppresses it.

You're a Keynesian. I am not. I'm an Austrian economics advocate.

I am not an Keynesian. But regardless, federal spending cuts will not create jobs nor spur the eceonomy to any significant degree.

[J Diddy]

Originally Posted by petegz28

These are the same people who benefit in the short term by cutting 1,000's of jobs.

Next...

12 CEO's all looking at the short term and siding with an unpopular business sector president vs. the prospect that it's nowhere remotely as dire as your agenda would like us to believe

What's more likely?

[petegz28]

Originally Posted by J Diddy

12 CEO's all looking at the short term and siding with an unpopular business sector president vs. the prospect that it's nowhere remotely as dire as your agenda would like us to believe

What's more likely?

WOW, 12? Really? Whew, I feel better now.

That's the rub... short term. Which is what CEO's focus on too much and why we are in the economic mess we are in.

What is my agenda?

[J Diddy]

Originally Posted by petegz28

WOW, 12? Really? Whew, I feel better now.

That's the rub... short term. Which is what CEO's focus on too much and why we are in the economic mess we are in.

What is my agenda?

12 guys out of 12 guys invited if I read that correctly. You obviously have a very butthurt anti-obama agenda.

[petegz28]

Originally Posted by J Diddy

12 guys out of 12 guys invited if I read that correctly. You obviously have a very butthurt anti-obama agenda.

That's because Obama, and the rest of DC have their head so far up their ass that they are not going to ever do anything worth a **** until they focus on the problem and not political BS.

[J Diddy]

Originally Posted by petegz28

That's because Obama, and the rest of DC have their head so far up their ass that they are not going to ever do anything worth a **** until they focus on the problem and not political BS.

So it was 12 out of 12?

[petegz28]

I'm sorry but I think some of you here have a severe misunderstanding on not only what the problem is but even moreso what the solution is. Your focus is completely in the wrong area and focused on the wrong tactics

[J Diddy]

Originally Posted by petegz28

I'm sorry but I think some of you here have a severe misunderstanding on not only what the problem is but even moreso what the solution is. Your focus is completely in the wrong area and focused on the wrong tactics

What exactly makes you the enlightened one? That being said it was 12 out of 12 right?

[petegz28]

Originally Posted by J Diddy

So it was 12 out of 12?

I don't give a **** what it was. Obama, won't and can't fix the problem. Neither can the Democrats or the Republicans. They can aide it, they can produce some band-aids here and there but they cannot fix the problem.

They can tax this person, lower taxes for that person, implement this regulation, de-regulate that industry, flip that thing, spin this thing and it will have some but little effect.

And that's assuming they quit stepping on their own foot in that process.

[dirk digler]

I don't know if that statement is entirely correct in regards to the business taxes.

Jay Carney, the White House press secretary, provided a bit of good news this afternoon to those worried about painful compromises ahead in the negotiations over the fiscal cliff. President Obama, he said, still wants $1.6 trillion in new tax revenue (over a decade) in any package to reduce the deficit.

That’s almost impossible to achieve without raising rates on high incomes. Reverting to Clinton-era rates on incomes greater than $250,000 would raise $1 trillion; the rest could come from capping deductions, the method Republicans prefer but which would be insufficient alone.

[petegz28]

Originally Posted by J Diddy

What exactly makes you the enlightened one? That being said it was 12 out of 12 right?

Who cares if it was 12 out of 12? It makes 0 difference. They walked away "feeling" like something could get done. But about what?

Nevermind these are the same CEO's who have benefited under Obama the last 4 years while millions are out of work but let's not go there because you won't like it.

[petegz28]

Originally Posted by J Diddy

What exactly makes you the enlightened one? That being said it was 12 out of 12 right?

And what makes me the enlightened one? It has nothing to do with being "enlightened". I just happen to understand the fundamentals of economics and how ALL parts play in the game. And I am telling you now, the Federal Gov role is impacting but not to the degree at which you think.

That's why no matter what tax laws get past they won't do anything more but lessen the sting or add fuel to the fire. But they will never fix anything.

[BucEyedPea]

Originally Posted by petegz28

I am not an Keynesian. But regardless, federal spending cuts will not create jobs nor spur the eceonomy to any significant degree.

We disagree. It leaves money in the private sector. It helps. Unless you only want the military industrial complex to make money.
Of course cutting regs and getting Bernanke to lay off his QEs would also help.

The pain is coming either way....because the markets must be allowed to clear and correct. That has not been allowed under Bernanke, Bush (at the beginning) or Obama. Plus Obamacare should be repealed as it has $17 trillion in unfunded liabilities.

[chiefforlife]

Speaking of the immediate, we have what 50 days to do something. We need to raise revenue AND make serious cuts!

Raising revenue can be done through job creation, expanding the tax base. However, that takes time. That leaves us with raising taxes as the only immediate response to raise revenue.Coupling that with cuts is the balanced approach he is talking about.

For the moment, thats all we have.

[petegz28]

Originally Posted by BucEyedPea

We disagree. It leaves money in the private sector. It helps. Unless you only want the military industrial complex to make money.
Of course cutting regs and getting Bernanke to lay off his QEs would also help.

The pain is coming either way....because the markets must be allowed to clear and correct. That has not been allowed under Bernanke, Bush (at the beginning) or Obama. Plus Obamacare should be repealed as it has $17 trillion in unfunded liabilities.

OOOOOH! You almost got it! You were almost there and then you flopped!