[Stardust]

http://www.investors.com/NewsAndAnalysis...Growth.htm

Jobs: President Obama routinely claims that Republicans haven't offered any jobs plan. Not true. It's just that Obama ignores any idea that doesn't involve more federal spending, meddling and taxes.

When President Obama called House Majority Leader John Boehner on Thursday to congratulate him for getting three trade deals passed, Boehner gave Obama an earful for repeatedly charging the GOP with jobs negligence.

On Thursday, for example, Obama said, "I'm hoping that they actually put forward some proposals that indicate that they feel that sense of urgency about ... needing to put people back to work right now."

Boehner helpfully reminded Obama that the House actually did put out a jobs plan in May — called "The House Republican Plan for America's Job Creators" — and that his leadership team had several talks with Obama and his staff about it, according to Politico.

Also Thursday, Senate Republicans released their own jobs proposal, which means that Republicans now have twice as many jobs plans as Obama.

Obama's disinterest in these plans shows just how far out of the mainstream he's drifted. After all, most of the GOP's job-growth ideas — regulatory reform, tax reform, more energy production and fiscal restraint — have been proposed by Obama's own advisers.

Obama's jobs council, for example, issued a report on Oct. 11 saying that "we need to do much more" to rein in regulatory burdens. "Regulatory reform can't be a fad or a flavor of the month," the report said. "Real change won't come with a one-off push."

Yet Obama's jobs bill does nothing to relieve regulatory burdens, and Obama airily dismissed Republican calls for regulatory relief, saying: "Does anybody really think that that is going to create jobs right now and meet the challenges of a global economy?"

Meanwhile, Obama's debt commission and his earlier Economic Recovery Advisory Board called for significant tax changes. The debt commission, in fact, said tax reform was vital to "make America the best place to start a business and create jobs."

But while Republicans have put forward comprehensive changes that lower rates and broaden the tax base, Obama's jobs plan adds more complexity and attacks job creators with higher rates.

When it comes to energy, Obama himself once argued that expanding access to the vast supplies of domestic oil and gas would create jobs.

Back in March 2010, for example, he said that "in order to sustain economic growth and produce jobs and keep our businesses competitive, we are going to need to harness traditional sources of fuel even as we ramp up production of new sources." So why does this no longer count as a job creation idea?

Obama's debt panel argued in December that "our businesses will not be able to grow and create jobs ... without a plan to get this crushing debt burden off our back." The GOP agrees. Yet Obama's reckless $447 billion "jobs bill" would make that goal harder to achieve.

If Obama really wants good job creating ideas, all he needs to do is open his eyes

[TheRealVille]

http://www.investors.com/NewsAndAnalysis...Growth.htm

Jobs: President Obama routinely claims that Republicans haven't offered any jobs plan. Not true. It's just that Obama ignores any idea that doesn't involve more federal spending, meddling and taxes.

When President Obama called House Majority Leader John Boehner on Thursday to congratulate him for getting three trade deals passed, Boehner gave Obama an earful for repeatedly charging the GOP with jobs negligence.

On Thursday, for example, Obama said, "I'm hoping that they actually put forward some proposals that indicate that they feel that sense of urgency about ... needing to put people back to work right now."

Boehner helpfully reminded Obama that the House actually did put out a jobs plan in May — called "The House Republican Plan for America's Job Creators" — and that his leadership team had several talks with Obama and his staff about it, according to Politico.

Also Thursday, Senate Republicans released their own jobs proposal, which means that Republicans now have twice as many jobs plans as Obama.

Obama's disinterest in these plans shows just how far out of the mainstream he's drifted. After all, most of the GOP's job-growth ideas — regulatory reform, tax reform, more energy production and fiscal restraint — have been proposed by Obama's own advisers.

Obama's jobs council, for example, issued a report on Oct. 11 saying that "we need to do much more" to rein in regulatory burdens. "Regulatory reform can't be a fad or a flavor of the month," the report said. "Real change won't come with a one-off push."

Yet Obama's jobs bill does nothing to relieve regulatory burdens, and Obama airily dismissed Republican calls for regulatory relief, saying: "Does anybody really think that that is going to create jobs right now and meet the challenges of a global economy?"

Meanwhile, Obama's debt commission and his earlier Economic Recovery Advisory Board called for significant tax changes. The debt commission, in fact, said tax reform was vital to "make America the best place to start a business and create jobs."

But while Republicans have put forward comprehensive changes that lower rates and broaden the tax base, Obama's jobs plan adds more complexity and attacks job creators with higher rates.

When it comes to energy, Obama himself once argued that expanding access to the vast supplies of domestic oil and gas would create jobs.

Back in March 2010, for example, he said that "in order to sustain economic growth and produce jobs and keep our businesses competitive, we are going to need to harness traditional sources of fuel even as we ramp up production of new sources." So why does this no longer count as a job creation idea?

Obama's debt panel argued in December that "our businesses will not be able to grow and create jobs ... without a plan to get this crushing debt burden off our back." The GOP agrees. Yet Obama's reckless $447 billion "jobs bill" would make that goal harder to achieve.

If Obama really wants good job creating ideas, all he needs to do is open his eyes

"An angry Republican reader emails this morning to complain about the earlier piece on Speaker Boehner and his jobs argument with President Obama. The reader, who asked that I not use his name, raises a point that’s worth reviewing.

In yesterday’s call with the president, Boehner “reminded” Obama about a “memo” House Republicans prepared in May, which the Speaker believes is proof that the GOP has been fully engaged on the jobs issue for months. I dismissed it as foolishness, which generated the angry email:

“That’s totally unfair. Did you even read the Plan for America’s Job Creators? It’s a REAL plan, it came four months before Obama Stimulus II, and it’s not ‘vague platitudes on a website.’ If Democrats are so hot to move on jobs, explain why they said no.”

Fine, let’s talk about the “Plan for America’s Job Creators,” the memo Boehner was eager to point to yesterday.

As a practical matter, the agenda was practically a conservative cliche: the GOP put together a wish list of massive tax cuts for the wealthy, deregulation, more coastal oil drilling, and huge cuts to public investment. The plan, such as it was, included no policy details."

http://www.washingtonmonthly.com/politic...032814.php

[TheRealThing]

"An angry Republican reader emails this morning to complain about the earlier piece on Speaker Boehner and his jobs argument with President Obama. The reader, who asked that I not use his name, raises a point that’s worth reviewing.

In yesterday’s call with the president, Boehner “reminded” Obama about a “memo” House Republicans prepared in May, which the Speaker believes is proof that the GOP has been fully engaged on the jobs issue for months. I dismissed it as foolishness, which generated the angry email:

“That’s totally unfair. Did you even read the Plan for America’s Job Creators? It’s a REAL plan, it came four months before Obama Stimulus II, and it’s not ‘vague platitudes on a website.’ If Democrats are so hot to move on jobs, explain why they said no.”

Fine, let’s talk about the “Plan for America’s Job Creators,” the memo Boehner was eager to point to yesterday.

As a practical matter, the agenda was practically a conservative cliche: the GOP put together a wish list of massive tax cuts for the wealthy, deregulation, more coastal oil drilling, and huge cuts to public investment. The plan, such as it was, included no policy details."

http://www.washingtonmonthly.com/politic...032814.php

There is something known as supply and demand. This concept is the simplest way I know to define our system of capitalizm. In 1941 the US economy lay floundering in doldrums and the lingering aftermath of the Great Depression, which lasted through the entire decade of the 30's, on up to the early-mid 40's. In many ways that period is eerily similar to the economic depressed state in which we find ourselves mired in present day. Check out the following description of those depression days of the 30's.

This article is about the severe worldwide economic downturn in the 1930s.

The Great Depression was a severe worldwide economic depression in the decade preceding World War II. The timing of the Great Depression varied across nations, but in most countries it started in about 1929 and lasted until the late 1930s or early 1940s. It was the longest, most widespread, and deepest depression of the 20th century. In the 21st century, the Great Depression is commonly used as an example of how far the world's economy can decline. The depression originated in the U.S., starting with the fall in stock prices that began around September 4, 1929 and became worldwide news with the stock market crash of October 29, 1929 (known as Black Tuesday). From there, it quickly spread to almost every country in the world.

The Great Depression had devastating effects in virtually every country, rich and poor. Personal income, tax revenue, profits and prices dropped, while international trade plunged by more than 50%. Unemployment in the U.S. rose to 25%, and in some countries rose as high as 33%. Cities all around the world were hit hard, especially those dependent on heavy industry. Construction was virtually halted in many countries. Farming and rural areas suffered as crop prices fell by approximately 60%. Facing plummeting demand with few alternate sources of jobs, areas dependent on primary sector industries such as cash cropping, mining and logging suffered the most.

Some economies started to recover by the mid-1930s; in many countries the negative effects of the Great Depression lasted until the start of World War II.

END OF ARTICLE

The war effort put every able bodied man and woman who weren't in the armed services back to work. The demand was the fight for our lives, and freedom. The supply was war materials. The resulting boom has lasted, except for a few recessions, until around 2007 or the first part of 2008, when the US unemployment rate was 4.6 percent. Since that time the American and world economies have been in free fall.

Until demand makes supply a priority once again, all the government meddling in the world will not restore the economy. The government can not make jobs. I believe Obama has followed the FDR play book chapter and verse. His stimulus plans (1 & 2) mirror the first and second new deal packages of the FDR era of the mid 30's. Infrastructure, screwing around with the banking industry, the whole deal is shockingly similar. The problem with all of it is that WWII broke the death grip the depression had on US economics, not the New Deal. Like the temporary uptick of the national economy during those days of Federal stimulus of the FDR era, once the money was gone for both recent stimulus efforts we find ourself where we started. On our economic ear.

I believe there is a reason Fed Chief Ben Bernanke and the Obama Administration in general, are so comfortable with the current cycle of constant manipulation and stimulation of our national economic ship of state. Since we can PRINT concievably any amount of money, as long as we stay a force on the world stage, theoretically, we could never really 'belly up'. That notion flies in the face of the reality that once we spend all we have, we will literally be broke. If that idea really worked, why do we have to borrow money starting in July every year to run our national economy? At some point interest will overtake the United States. On that day China and others will not accept America's inflated dollars whether fresh off the presses or not.

What I have described is not job creation. And it has the dubious distinction of having been tried and proven to be flawed logic at best. If our liberal counterparts could ever wrap their head around some of these facts, things might go better for our country. Meanwhile, working folks are going to have to wake up to the fact that the democrat does not have all the answers. And, quit letting the liberal do like the joke says "If I want your opinion, I'll give it to you". Meantime you just keep voting me in and I'll keep using you and treat you like uninformed peasants.

[Bob Seger]

There is something known as supply and demand. This concept is the simplest way I know to define our system of capitalizm. In 1941 the US economy lay floundering in doldrums and the lingering aftermath of the Great Depression, which lasted through the entire decade of the 30's, on up to the early-mid 40's. In many ways that period is eerily similar to the economic depressed state in which we find ourselves mired in present day. Check out the following description of those depression days of the 30's.

This article is about the severe worldwide economic downturn in the 1930s.

The Great Depression was a severe worldwide economic depression in the decade preceding World War II. The timing of the Great Depression varied across nations, but in most countries it started in about 1929 and lasted until the late 1930s or early 1940s. It was the longest, most widespread, and deepest depression of the 20th century. In the 21st century, the Great Depression is commonly used as an example of how far the world's economy can decline. The depression originated in the U.S., starting with the fall in stock prices that began around September 4, 1929 and became worldwide news with the stock market crash of October 29, 1929 (known as Black Tuesday). From there, it quickly spread to almost every country in the world.

The Great Depression had devastating effects in virtually every country, rich and poor. Personal income, tax revenue, profits and prices dropped, while international trade plunged by more than 50%. Unemployment in the U.S. rose to 25%, and in some countries rose as high as 33%. Cities all around the world were hit hard, especially those dependent on heavy industry. Construction was virtually halted in many countries. Farming and rural areas suffered as crop prices fell by approximately 60%. Facing plummeting demand with few alternate sources of jobs, areas dependent on primary sector industries such as cash cropping, mining and logging suffered the most.

Some economies started to recover by the mid-1930s; in many countries the negative effects of the Great Depression lasted until the start of World War II.

END OF ARTICLE

The war effort put every able bodied man and woman who weren't in the armed services back to work. The demand was the fight for our lives, and freedom. The supply was war materials. The resulting boom has lasted, except for a few recessions, until around 2007 or the first part of 2008, when the US unemployment rate was 4.6 percent. Since that time the American and world economies have been in free fall.

Until demand makes supply a priority once again, all the government meddling in the world will not restore the economy. The government can not make jobs. I believe Obama has followed the FDR play book chapter and verse. His stimulus plans (1 & 2) mirror the first and second new deal packages of the FDR era of the mid 30's. Infrastructure, screwing around with the banking industry, the whole deal is shockingly similar. The problem with all of it is that WWII broke the death grip the depression had on US economics, not the New Deal. Like the temporary uptick of the national economy during those days of Federal stimulus of the FDR era, once the money was gone for both recent stimulus efforts we find ourself where we started. On our economic ear.

I believe there is a reason Fed Chief Ben Bernanke and the Obama Administration in general, are so comfortable with the current cycle of constant manipulation and stimulation of our national economic ship of state. Since we can PRINT concievably any amount of money, as long as we stay a force on the world stage, theoretically, we could never really 'belly up'. That notion flies in the face of the reality that once we spend all we have, we will literally be broke. If that idea really worked, why do we have to borrow money starting in July every year to run our national economy? At some point interest will overtake the United States. On that day China and others will not accept America's inflated dollars whether fresh off the presses or not.

What I have described is not job creation. And it has the dubious distinction of having been tried and proven to be flawed logic at best. If our liberal counterparts could ever wrap their head around some of these facts, things might go better for our country. Meanwhile, working folks are going to have to wake up to the fact that the democrat does not have all the answers. And, quit letting the liberal do like the joke says "If I want your opinion, I'll give it to you". Meantime you just keep voting me in and I'll keep using you and treat you like uninformed peasants.

The biggest difference between now and in FDR's era is that 95% of consumer goods in this country were not stamped "Made In China" and there was not a business and economic suffocating entity known as the EPA. Until policies are set in place and unrealistic regulations are removed to where American companies are given a fair chance to compete without being shut down before they ever even open their doors, true job creation will never happen. We plain and simply have too massive of a trade imbalance. Domestic stimulus is not job creation. It's simply robbing Peter to pay Paul. Mr. Obama, unleash American ingenuity and let the free market create REAL jobs.