Obama's job failure in visible terms

[werepossum]

I just want to throw this out there.

The president DOES NOT create jobs. Washington DOES NOT create jobs. Aside from more government jobs, which we all need like a hole in the head as it requires more tax money to pay for more government workers, meaning that much more money taken from the private sector, meaning that much less money available for the creation and sustaining of worthwhile private sector jobs.

Every time you hear a politician talking about how many jobs he created, he's full of crap. They don't create jobs. Certainly not in the private sector, where it counts the most. Government jobs are worth very little over all as far as the economy goes.

Companies, people hiring other people, that's what creates jobs. Politicians can make a hostile or friendly atmosphere towards such things to a certain extent, but that's all.

I'm hardly a fan of Obama, and I don't think his or his cronies policies are helping things much (more government meddling in the economy always screws things up more) but to blame him (or any other president) directly for lack of job creation isn't really fair either.

I'm sure certain people will try to tear me apart, or will come up with some example of how some politician created some job, but that's not the rule, it's the exception.

Oh as a side note, taxing the "evil rich people" doesn't create jobs either. Just moves money from the private sector into the pockets of the politicians.

Very well said. Rather than focusing on creating jobs, D.C. needs to be emphasizing stability. Right now businesses are terrified to invest and hire, even those who are making serious profits, because they are unsure what is coming down the pike in terms of Obamacare, Cap & Trade, taxes, and environmental regulations. Better to take sure profits and bank them than to risk time and capital on ventures you may soon not be able to afford.

 

[werepossum]

Jobs are not even a priority for Republicans, deficit is, and that's only because Obama is in charge. Recovery is actually much better than Japan experienced after it's real estate bubble. It still hasn't recovered from its bubble after 20 years. Considering the types of financial weapons of mass destruction deregulation has allowed to be created, considering he was obstructed and outright sabotaged by Republicans at every step, Obama still avoided Great Depression 2.0, and economy is stable. Of course, give Republicans time, they'll do premature austerity or a default, and Great Depression 2.0 may still happen.
Oh yeah, not expecting an ignoramus like the OP to understand it, but not all recessions are same.

You forgot to add that Obama farts unicorns and Republicans eat babies. Without that, your post just looks silly.

 

[sandorski]

Lol, the "Stability" argument gets dusted off and puked out again. So far everything that argument insisted was required has been handed to it, with little to no effect.

Fool me once.....

 

[JTsyo]

What happened to trickle down economics?

Oh yeah, rich people just kept everything - except NOW you decide to place the lack of job creation on Obama.

Obama is just as much in the pocket of Wall Street as any other politician. It's silly to think that just because he's a democrat he's pure of corporate interest. I'm sure he wants to improve unemployment since he wants to be re-elected next year.

 

[manimal]

Very well said. Rather than focusing on creating jobs, D.C. needs to be emphasizing stability. Right now businesses are terrified to invest and hire, even those who are making serious profits, because they are unsure what is coming down the pike in terms of Obamacare, Cap & Trade, taxes, and environmental regulations. Better to take sure profits and bank them than to risk time and capital on ventures you may soon not be able to afford.

Now you trot out the uncertainty Canard?



Some of you kids may not have been around the last 30 years but the uncertainty lie has been just as worthless as the trickledown lie..


We have a problem with aggregate demand.....

 

[werepossum]

Now you trot out the uncertainty Canard?



Some of you kids may not have been around the last 30 years but the uncertainty lie has been just as worthless as the trickledown lie..


We have a problem with aggregate demand.....

I'm in construction engineering. We've seen several big projects put on hold indefinitely by companies making very good profits. The answer in each case is uncertainty, particularly in regulations and in cap and trade but also in health care. The feeling is that with the current level of staffing and infrastructure, they are making good money. But banks are requiring serious skin in the game - often 60% or more of a project's cost in cash. Companies prefer to have that cash on hand, in case something like Cap & Trade is implemented. They are seeking safety over potential increased profits, at least until they are sure what fresh new hell D.C. will unleash upon them. And as long as the economy remains crappy, they aren't being forced to increase their work forces to handle their existing infrastructure and products/markets.

EDIT: LOL though at liberals who really believe that government can take money from individuals and businesses and spend it to generate demand. Part of the money government takes is consumed internally, and the extra money taken away is that much less that the individuals and businesses have that they feel safe in spending. If a business has $100,000 in cash reserves and thinks it needs $80,000 to weather this economic crisis, then it will look for low risk, high yield investments for up to $20,000. But if government takes $30,000 of that $100,000 then the business clamps down on even marginally necessary spending until it builds back that missing $10,000.

 

[fskimospy]

I'm in construction engineering. We've seen several big projects put on hold indefinitely by companies making very good profits. The answer in each case is uncertainty, particularly in regulations and in cap and trade but also in health care. The feeling is that with the current level of staffing and infrastructure, they are making good money. But banks are requiring serious skin in the game - often 60% or more of a project's cost in cash. Companies prefer to have that cash on hand, in case something like Cap & Trade is implemented. They are seeking safety over potential increased profits, at least until they are sure what fresh new hell D.C. will unleash upon them. And as long as the economy remains crappy, they aren't being forced to increase their work forces to handle their existing infrastructure and products/markets.

LOL though at liberals who really believe that government can take money from individuals and businesses and spend it to generate demand. Part of the money government takes is consumed internally, and the extra money taken away is that much less that the individuals and businesses have that they feel safe in spending. If a business has $100,000 in cash reserves and thinks it needs $80,000 to weather this economic crisis, then it will look for low risk, high yield investments for up to $20,000. But if government takes $30,000 of that $100,000 then the business clamps down on even marginally necessary spending until it builds back that missing $10,000.

What company could possibly think that cap and trade would be implemented with a Republican House when it couldn't even get through in a Democratic controlled one?

If they are holding back on investing due to that, they are extremely bad businessmen, at least when it comes to understanding politics.

 

[BlahBlahYouToo]

i'm far from a fan of obama, but i don't blame the slow economic recovery on him.

 

[spidey07]

What company could possibly think that cap and trade would be implemented with a Republican House when it couldn't even get through in a Democratic controlled one?

If they are holding back on investing due to that, they are extremely bad businessmen, at least when it comes to understanding politics.

Guess you haven't been paying attention to what the EPA is up to and Obama's attack on coal. Business know their costs are going to "necessarily skyrocket" under Obama so because of him, they are simply waiting his disastrous policies out. Their big question is "maybe I can afford to hire somebody this year, but next year I can't".

 

[Naeeldar]

Census is useful information that we need to run this country. There are plenty of useful things people could be doing for America instead of sitting at home collecting unemployment checks. There is a lot of work that needs to be done and the government needs to hire people to do it, or at least stop laying off people already doing it. Right now we are "saving" money, while cash strapped states are forced to cut spending and lay off thousands.

We don't have the money for govt jobs, it's a waste. OR would you prefer we be like Greece where 2/3 of the country was govt employees while 1/3 worked to support them? look how that worked out...

Govt jobs are NOT the answer to our issues right now.

 

[dmcowen674]

I don't blame Obama for the job losses.

You can't back peddle now

You're anti-American hack, period.

 

[werepossum]

What company could possibly think that cap and trade would be implemented with a Republican House when it couldn't even get through in a Democratic controlled one?

If they are holding back on investing due to that, they are extremely bad businessmen, at least when it comes to understanding politics.

http://www.newsmax.com/InsideCover/Inhofe-EPA-Cap-and-Trade-End-Run/2010/05/21/id/359776

A new Environmental Protection Agency (EPA) regulation aimed at regulating greenhouse gas emissions from stationary sources such as power plants, oil refineries, and factories probably won’t be enforced, says Sen. James Inhofe.

The Obama administration introduced the regulation, known as the “tailoring rule,” on May 13 as a hedge against Congress’ failure to pass a cap-and-trade bill.

“Let’s keep in mind the president is doing this because he doesn’t have the votes to do this in the House and the Senate,” Inhofe tells Newsmax.
The House passed a cap-and-trade bill in June, but senators have found it difficult to pass similar legislation because of bipartisan opposition.

Sen. John Kerry, D-Mass., one of the Senate leaders of the effort, made comments similar to the Oklahoma Republican’s the day the EPA unveiled the rule.

“The Obama administration has again reminded Washington that, if Congress won’t legislated, the EPA will regulate,” Kerry said then. “Those who have spent years stalling need to understand: Killing a Senate bill is no longer an option.”

The regulation, targeting 70 percent of U.S. greenhouse gas emissions, faces numerous court challenges from industry groups and bipartisan Senate opposition that Inhofe predicts will block EPA enforcement.

The lag between now and the rule’s January effective date gives members of Congress time to stop the rule, Inhofe says.

When something has already been done on the sly once, it doesn't take a lot of forethought to believe that it could be done again, this time perhaps successfully. Something as small as a 20% increase in energy costs could well make the difference between a project with an acceptable rate of return in America, and a project with an acceptable rate of return in China only.

http://www.humanevents.com/article.php?id=42561

Consider Nucor Steel. The company planned a $2 billion investment that would have created 2,000 construction and 500 permanent jobs. But the project was curtailed—by more than 50%—largely because of the EPA’s regulations. Lion Oil, a refinery based in El Dorado, Ark., faced a similar fate: The EPA’s cap-and-trade agenda was, according to the company, a “critical factor” that delayed a “several hundred million” dollar refinery expansion, slated to create 2,000 jobs.

 

[werepossum]

Originally Posted by ProfJohn View Post
I don't blame Obama for the job losses.

You can't back peddle now

You're anti-American hack, period.

Perhaps you don't recognize that actually implies that NOT being anti-American requires blaming Obama for the job losses.

 

[Munky]

Recovery? That's not what the NFP numbers said last week.

 

[Acanthus]

Personal debt isn't paid down.

Derivatives still aren't regulated.

Housing prices have not stabilized.

We are still in for a bumpy ride over the long-term.

Tighter lending laws would help remove risk from the market, as well as requiring banks to have derivatives on their books under GAAP and restricting their use under regular capital requirements.

 

[shortylickens]

How many jobs would we get back if we booted the illegals?

 

[Anarchist420]

The problem is spending, regulations, and inflation (everyone has to borrow to pay for everything other than houses) but not really taxation.

 

[Anarchist420]

How many jobs would we get back if we booted the illegals?

probably not many and labor costs would go up anyway.

 

[umbrella39]

What happened to trickle down economics?

Oh yeah, rich people just kept everything - except NOW you decide to place the lack of job creation on Obama.

Yes sir, the Holy Job Creators aren't really using all that tax break money to employ people? You don't say!!!! Lies I tell you, lies. This is of course all Obama's fault.

 

[a777pilot]

All of you are making an assumption: That the current President wants to solve this crisis.

Solving the un-employment and debt crisis does not help his agenda.

 

[sandorski]

All of you are making an assumption: That the current President wants to solve this crisis.

Solving the un-employment and debt crisis does not help his agenda.

Which is?

 

[spidey07]

Which is?

Social and economic justice.

 

[fskimospy]

All of you are making an assumption: That the current President wants to solve this crisis.

Solving the un-employment and debt crisis does not help his agenda.

Way to go, Flower Mound. You've uncovered a massive conspiracy to destroy the American economy by the President of the United States.

Now that you've cracked the case, why don't you go take your evidence of this treasonous behavior up to Congress or the courts, I'm sure they will be interested in your undoubtedly well reasoned and well documented efforts.

 

[her209]

What company could possibly think that cap and trade would be implemented with a Republican House when it couldn't even get through in a Democratic controlled one?

Beat me to it.

 

[fskimospy]

Beat me to it.

He then responded with a James Inhofe op-ed. I didn't know what to do other than put my head in my hands.