Freedom Ain’t Free & Take Our Country Back

VICTORY Is Not Defeat

Obamination: Class Warfare; No growth, No Jobs, No Debt Reduction


Obamination: Class Warfare; No growth, No Jobs, No Debt
Reduction

President Obama continues to joust straw men and  play class
warfare tactics with the economy, deficit, debt, jobs and taxes. His
mocking denials are transparent;  the jig is up; it is time for
him to exit stage left. I have said it before and I will repeat it Resign!
Resign!! Resign!!!

A few of the most egregious lies in the screed are
annotated with superscripts linked to my comments which appear in an
enumerated list below the screed. Click the superscripts to read the
related commentary and use your Backspace key to return to your place
in the screed.

 

Remarks by the President on Economic Growth and
Deficit Reduction

Rose
Garden

10:56 A.M. EDT

THE PRESIDENT:  Good morning, everybody.  Please have a seat.

A week ago today, I sent
Congress the American Jobs Act.  It’s a plan that will lead1 to new
jobs2 for
teachers, for construction workers, for veterans,
and for the unemployed3.
It will cut taxes4
for every small
business owner and virtually every5 working man and woman in
America.  And the proposals in this jobs bill are the kinds that
have been supported by Democrats and Republicans in the past.  So
there shouldn’t be any reason for Congress to drag its feet.  They
should pass it right away6.
I’m ready to sign a bill.  I’ve
got the pens all ready.




Now, as I said before,
Congress should pass this bill knowing that every proposal is fully
paid for7.
The American Jobs Act will not add to our nation’s
debt.  And today, I’m releasing a plan that details how to pay for
the jobs bill while also paying down our debt8
over time.




And this is important,
because the health of our economy depends in part on what we do right
now to create the conditions where businesses can hire9
and middle-class
families can feel a basic measure of economic security10.
But in
the long run, our prosperity also depends on our ability to pay down
the massive debt we’ve accumulated over the past decade in a way that
allows us to meet our responsibilities to each other and to the future.




During this past decade,
profligate spending in Washington11, tax cuts
for multi-millionaires and
billionaires12,
the cost of two wars13, and the recession turned a
record
surplus into a yawning deficit, and that left us with a big pile of
IOUs14.
If we don’t act, that burden will ultimately fall on our
children’s shoulders.  If we don’t act, the growing debt will
eventually crowd out everything else, preventing us from investing in
things like education, or sustaining programs like Medicare.




So Washington has to live
within its means15.
The government has to do what families across
this country have been doing for years.  We have to cut what we
can’t afford to pay for what really matters.  We need to invest16
in
what will promote hiring and economic growth now while still providing
the confidence that will come with a plan that reduces our deficits
over the long-term.


 

These principles were at the
heart of the deficit framework that I put forward in April.  It
was an approach to shrink the deficit as a share of the economy, but
not to do so so abruptly with spending cuts that would hamper growth or
prevent us from helping small businesses and middle-class families get
back on their feet.




It was an approach that said
we need to go through the budget line-by-line looking for waste,
without shortchanging education17 and basic scientific research and
road
construction18,
because those things are essential to our future.
And it was an approach that said we shouldn’t balance the budget on the
backs of the poor and the middle class19;
that for us to solve this
problem, everybody, including the wealthiest Americans and biggest
corporations20,
have to pay their fair share.
21



Now, during the debt ceiling
debate, I had hoped to negotiate a compromise with the Speaker of the
House that fulfilled these principles and achieved the $4 trillion in
deficit reduction that leaders in both parties have agreed we need — a
grand bargain that would have strengthened our economy, instead of
weakened it.  Unfortunately, the Speaker walked away from a
balanced package.  What we agreed to instead wasn’t all that
grand.  But it was a start — roughly $1 trillion in cuts to
domestic spending and defense spending.




Everyone knows we have to do
more, and a special joint committee of Congress is assigned to find
more deficit reduction. So, today, I’m laying out a set of specific
proposals to finish what we started this summer — proposals that live
up to the principles I’ve talked about from the beginning.  It’s a
plan that reduces our debt by more than $4 trillion, and achieves these
savings in a way that is fair — by asking everybody to do their part
so that no one has to bear too much of the burden on their own.




All told, this plan cuts $2
in spending for every dollar in new revenues.  In addition to the
$1 trillion in spending that we’ve already cut from the budget, our
plan makes additional spending cuts that need to happen if we’re to
solve this problem. We reform agricultural subsidies — subsidies that
a lot of times pay large farms for crops that they don’t grow.  We
make modest adjustments to federal retirement programs22.
We reduce
by tens of billions of dollars the tax money that goes to Fannie Mae
and Freddie Mac.  We also ask the largest financial firms —
companies saved by tax dollars during the financial crisis — to repay
the American people for every dime that we spent.  And we save an
additional $1 trillion as we end the wars in Iraq and Afghanistan23.




These savings are not only
counted as part of our plan, but as part of the budget plan24 that
nearly
every Republican on the House voted for.




Finally, this plan includes
structural reforms to reduce the cost of health care25
in programs like
Medicare and Medicaid.  Keep in mind we’ve already included a
number of reforms in the health care law, which will go a long way
towards controlling these costs.  But we’re going to have to do a
little more.  This plan reduces wasteful subsidies and erroneous
payments while changing some incentives that often lead to excessive
health care costs.  It makes prescriptions more affordable through
faster approval of generic drugs.  We’ll work with governors to
make Medicaid more efficient and more accountable.  And we’ll
change the way we pay for health care.  Instead of just paying for
procedures, providers will be paid more when they improve results —
and such steps will save money and improve care.




These changes are phased in
slowly to strengthen Medicare and Medicaid over time.  Because
while we do need to reduce health care costs, I’m not going to allow
that to be an excuse for turning Medicare into a voucher program that
leaves seniors at the mercy of the insurance industry.  And I’m
not going to stand for balancing the budget by denying or reducing
health care for poor children or those with disabilities.  So we
will reform Medicare and Medicaid, but we will not abandon the
fundamental commitment that this country has kept for generations.




And by the way, that includes
our commitment to Social Security.  I’ve said before, Social
Security is not the primary cause of our deficits, but it does face
long-term challenges as our country grows older.  And both parties
are going to need to work together on a separate track to strengthen
Social Security for our children and our grandchildren26.




So this is how we can reduce
spending:  by scouring the budget for every dime of waste and
inefficiency, by reforming government spending, and by making modest
adjustments to Medicare and Medicaid.  But all these reductions in
spending, by themselves, will not solve our fiscal problems.  We
can’t just cut our way out of this hole.  It’s going to take a
balanced approach.  If we’re going to make spending cuts — many
of which we wouldn’t make if we weren’t facing such large budget
deficits — then it’s only right that we ask everyone to pay their fair
share.




You know, last week, Speaker
of the House John Boehner gave a speech about the economy.  And to
his credit, he made the point that we can’t afford the kind of politics
that says it’s “my way or the highway.”  I was encouraged by
that.  Here’s the problem: In that same speech, he also came out
against any plan to cut the deficit that includes any additional
revenues whatsoever.  He said — I’m quoting him — there is “only
one option.”  And that option and only option relies entirely on
cuts.  That means slashing education, surrendering the research
necessary to keep America’s technological edge in the 21st century, and
allowing our critical public assets like highways and bridges and
airports to get worse.  It would cripple our competiveness and our
ability to win the jobs of the future.  And it would also mean
asking sacrifice of seniors and the middle class and the poor, while
asking nothing of the wealthiest Americans and biggest corporations.


 

So the Speaker says we can’t
have it “my way or the highway,” and then basically says, my way — or
the highway.  (Laughter.)  That’s not smart.  It’s not
right.  If we’re going to meet our responsibilities, we have to do
it together.




Now, I’m proposing real,
serious cuts in spending.  When you include the $1 trillion in
cuts I’ve already signed into law, these would be among the biggest
cuts in spending in our history. But they’ve got to be part of a larger
plan that’s balanced –- a plan that asks the most fortunate among us to
pay their fair share21, just like everybody
else.




And that’s why this plan
eliminates tax loopholes that primarily go to the wealthiest taxpayers
and biggest corporations –- tax breaks that small businesses and
middle-class families don’t get27.  And if tax
reform doesn’t get
done, this plan asks the wealthiest Americans to go back to paying the
same rates that they paid during the 1990s, before the Bush tax cuts.




I promise it’s not because
anybody looks forward to the prospects of raising taxes or paying more
taxes.  I don’t.  In fact, I’ve cut taxes for the middle
class and for small businesses, and through the American Jobs Act, we’d
cut taxes again to promote hiring and put more money into the pockets
of people.  But we can’t afford these special lower rates for the
wealthy -– rates, by the way, that were meant to be temporary.
Back when these first — these tax cuts, back in 2001, 2003, were being
talked about, they were talked about temporary measures.  We can’t
afford them when we’re running these big deficits.
28



Now, I am also ready to work
with Democrats and Republicans to reform our entire tax code29,
to get
rid of the decades of accumulated loopholes, special interest
carve-outs, and other tax expenditures that stack the deck against
small business owners and ordinary families who can’t afford Washington
lobbyists or fancy accountants.  Our tax code is more than 10,000
pages long. If you stack up all the volumes, they’re almost five feet
tall.  That means that how much you pay often depends less on what
you make and more on how well you can game the system, and that’s
especially true of the corporate tax code30.




We’ve got one of the highest
corporate tax rates in the world, but it’s riddled with exceptions and
special interest loopholes.  So some companies get out paying a
lot of taxes, while the rest of them end up having to foot the
bill.  And this makes our entire economy less competitive and our
country a less desirable place to do business.




That has to change.  Our
tax code shouldn’t give an advantage to companies with the
best-connected lobbyists31.  It should
give an advantage to
companies that invest in the United States of America and create jobs
in the United States of America.  And we can lower the corporate
rate if we get rid of all these special deals.




So I am ready, I am eager, to
work with Democrats and Republicans to reform the tax code to make it
simpler, make it fairer, and make America more competitive.  But
any reform plan will have to raise revenue32 to help close our
deficit.  That has to be part of the formula.  And any reform
should follow another simple principle:  Middle-class families
shouldn’t pay higher taxes than millionaires and billionaires33.
That’s pretty straightforward.  It’s hard to argue against
that.  Warren Buffett’s secretary shouldn’t pay a higher tax rate
than Warren Buffett.  There is no justification for it.




It is wrong that in the
United States of America, a teacher or a nurse or a construction worker
who earns $50,000 should pay higher tax rates than somebody pulling in
$50 million.  Anybody who says we can’t change the tax code to
correct that, anyone who has signed some pledge to protect every single
tax loophole so long as they live, they should be called out.
They should have to defend that unfairness — explain why somebody
who’s making  $50 million a year in the financial markets should
be paying 15 percent on their taxes, when a teacher making $50,000 a
year is paying more than that — paying a higher rate.  They ought
to have to answer for it.  And if they’re pledged to keep that
kind of unfairness in place, they should remember, the last time I
checked the only pledge that really matters is the pledge we take to
uphold the Constitution34.




Now, we’re already hearing
the usual defenders of these kinds of loopholes saying this is just
“class warfare.”  I reject the idea that asking a hedge fund
manager to pay the same tax rate as a plumber35
or a teacher is class
warfare.  I think it’s just the right the thing to do.  I
believe the American middle class, who’ve been pressured relentlessly
for decades, believe it’s time that they were fought for as hard36
as the
lobbyists and some lawmakers have fought to protect special treatment
for billionaires and big corporations.




Nobody wants to punish
success in America.  What’s great about this country is our belief
that anyone can make it and everybody should be able to try -– the idea
that any one of us can open a business or have an idea and make us
millionaires or billionaires.  This is the land of
opportunity.  That’s great.  All I’m saying is that those who
have done well, including me, should pay our fair share in taxes to
contribute to the nation that made our success possible.  We
shouldn’t get a better deal than ordinary families get.  And I
think most wealthy Americans would agree if they knew this would help
us grow the economy and deal with the debt that threatens our future.




It comes down to this:
We have to prioritize.  Both parties agree that we need to reduce
the deficit by the same amount — by $4 trillion.  So what choices
are we going to make to reach that goal?  Either we ask the
wealthiest Americans to pay their fair share in taxes, or we’re going
to have to ask seniors to pay more for Medicare.  We can’t afford
to do both.




Either we gut education and
medical research, or we’ve got to reform the tax code so that the most
profitable corporations have to give up tax loopholes that other
companies don’t get.  We can’t afford to do both.




This is not class
warfare.  It’s math.  (Laughter.)  The money is going to
have to come from someplace.  And if we’re not willing to ask
those who’ve done extraordinarily well to help America close the
deficit and we are trying to reach that same target of $4 trillion,
then the logic, the math says everybody else has to do a whole lot
more:  We’ve got to put the entire burden on the middle class and
the poor.  We’ve got to scale back on the investments that have
always helped our economy grow.  We’ve got to settle for
second-rate roads and second-rate bridges and second-rate airports, and
schools that are crumbling.




That’s unacceptable to
me.  That’s unacceptable to the American people.  And it will
not happen on my watch.  I will not support — I will not support
— any plan that puts all the burden for closing our deficit on
ordinary Americans.  And I will veto any bill that changes
benefits for those who rely on Medicare but does not raise serious
revenues by asking the wealthiest Americans or biggest corporations to
pay their fair share.  We are not going to have a one-sided deal
that hurts the folks who are most vulnerable.




None of the changes I’m
proposing are easy or politically convenient.  It’s always more
popular to promise the moon and leave the bill for after the next
election or the election after that.  That’s been true since our
founding.  George Washington grappled with this problem.  He
said, “Towards the payment of debts, there must be revenue; that to
have revenue there must be taxes; [and] no taxes can be devised which
are not more or less inconvenient and unpleasant.”  He understood
that dealing with the debt is — these are his words — “always a
choice of difficulties.”  But he also knew that public servants
weren’t elected to do what was easy; they weren’t elected to do what
was politically advantageous.  It’s our responsibility to put
country before party.  It’s our responsibility to do what’s right
for the future.




And that’s what this debate
is about.  It’s not about numbers on a ledger; it’s not about
figures on a spreadsheet.  It’s about the economic future of this
country, and it’s about whether we will do what it takes to create jobs
and growth and opportunity while facing up to the legacy of debt that
threatens everything we’ve built over generations.




And it’s also about
fairness.  It’s about whether we are, in fact, in this together,
and we’re looking out for one another.  We know what’s
right.  It’s time to do what’s right.
38



Thank you very much.
(Applause.)



 

  1. If the act will “lead to” new jobs, who
    will follow? Where is the demand for the goods and services to be
    produced by those new hires? Where is the money to pay their recruiting
    costs,  wages, benefits & payroll taxes while waiting for
    markets to develop?  How many jobs will this act lead to, and how
    much will each of them cost the taxpayers?
  2. Have you considered restoring the old jobs
    that were lost?  Millions would be happy to have their old jobs
    back.
  3. New Jobs: for unionized labor only; so
    that their dues will flow into your campaign war chest.  When you
    list beneficiaries, you are selecting winners– the favored few who
    vote for you– and losers; that is not the proper role of
    government.
  4. How will you “pay for” those tax cuts?  How
    large will they be: will they be enough to pay for one re-hire for each
    small business?
  5. Extraordinary claims call for extraordinary
    proof. Prove that every small business will have its taxes
    significantly cut. Prove that “virtually every working” man and woman
    will have their taxes significantly cut. Show us the money!
  6. It could wait for months, then
    for weeks until after your luxury vacation to Martha’s Vineyard but now
    it seems to be an item of the utmost urgency. We are not so stupid; we
    remember how you rushed through Obama
    Don’t Care
    with such great urgency that they had to “pass it to
    find out what’s in it”.  We want the House of Representatives to
    deliberate carefully before killing this bill.
  7. A proposal is only “fully
    paid for” if you have ready cash in your checking account; cash not
    needed for operating expenses or already allocated to something else.
    Taxes are dynamic, not static. There is no assurance that your tax
    proposals will raise the anticipated revenue.

  8. If
    you want to reduce the debt,. first quit borrowing, then start making
    periodic payments on the principle instead of rolling over the
    debt.  Quit wasting borrowed money!
  9. Investment
    in new hires requires surplus funds over and above anticipated
    operating costs & inventory.  You can’t cut business taxes
    enough to finance hiring.  Businesses require profits.  They
    need increased sales and increased profit margins. Increased demand
    must proceed  hiring.   Time bombs such as increased
    costs and taxes associated with Obama
    Don’t Care

    and new energy related regulations and taxes militate against
    hiring.   If you want to create jobs, remove those artificial
    impediments immediately.

  10.  The
    threat of unemployment is a major factor in economic insecurity and
    lack of confidence but it is not the only factor.  Energy costs,
    particularly motor fuel and heating oil are at the top of the list of
    factors detrimental to consumer confidence because they raise the price
    of everything.  When you can’t afford to fill your fuel tank, your
    ability to get to and from work is jeopardized.  The remedy is
    obvious: remove all federally imposed artificial barriers to domestic
    petroleum exploration, production, transportation and
    refining.Increasing the supply and reducing the price of fuel is a
    vital component without which no economic recovery plan can succeed.
  11. The
    Democrat Party bears most of the blame for profligate spending; the
    RINOs in Congress share that blame.  When Republican Presidents
    succumbed to the blandishments of spending cuts in return for tax
    increases, the spending cuts never materialized., they are always a
    fond dream, just over the horizon.

  12. Tax
    cuts for multi-millionaires and
    billionaires” waves the red flag of class warfare; the politics of
    envy.  Besides being a threat and promise to strangle the golden
    goose, these class warfare attacks are part of an escalating rabble
    rousing campaign designed to foment riots and race war.  We
    recognize what you are doing, and we find it beneath contempt.
    Those with surplus funds, over and above their ordinary living
    expenses, are the ones who invest, making hiring, innovation and new
    products possible.  When their disposable income is reduced
    through tax increases, investment will be the first casualty.
    Consumption of luxury goods and services will be the second casualty,
    resulting in decreased income and job loss for those involved in their
    production and distribution.

    Mr. President, you are sowing envy, hatred & division when we need
    unity more than ever. You are threatening reduced economic growth when
    we need growth most.  Your policies are counter productive,
    reducing instead of increasing hiring.  The time has come for you
    to resign.

  13. FDR’s Socialist agenda did not
    pull us out of the Great Depression, do you have a clue what did?
    The real estate bubble was the major factor in this depression. What
    party was behind that artificial expansion?  What role did Barney
    Frank & Chris Dodd play in it?  Who refused to reform Fannie
    Mae & Freddy Mac?  How much cheaper would the counter attack
    on Afghanistan have been if we had nuked that den of demon spawn?
    How many American lives would have been saved?  How many
    terrorists and tyrants would be having second thoughts about attacking
    us?
  14. When revenues declined, you
    escalated spending. What did TARP, Stimulus & Porkulus
    accomplish?  Where did that money go except to your cronies &
    contributors?
  15. No, damn
    you!! Washington must live within our means!!! Everything Washington
    gets comes out of our pockets! You are taxing us to death and ruining
    us with artificially inflated energy prices.
  16.  Investment comes from
    surplus. When there is no surplus, there can be no investment!
  17. Education is a state and local function,
    not federal.
  18. Have you ever heard about the
    Highway Trust Fund?  Its purpose is federal highway construction
    and maintenance.
  19. There
    you go again, rabble rousing with class envy.  Nobody is
    suggesting “balancing the budget on the backs of the poor” except
    you.
  20. These
    class warfare attacks must come to an end, preferably prior to January
    20, 2012.
  21. Define “fair share”; quantify
    it. How much is fair? Justify your answer without appeal to emotion.
  22. Start with the benefit
    packages received by the President & Congress.
  23. Those wars are
    not won.  The lid will come off of Iraq when we leave, and Iran
    will take over, with terrible consequences for the long term.  The
    war in Afghanistan is lost so long as the population & government
    remain Islamic.  Until there is no Islam there is no victory,
    there is a loss and a total waste, your refusal to identify the enemy
    and your suicidal rules of engagement are wasting American blood &
    treasure. When our troops come home, you will find an alternative way
    to waste that money.
  24. Where is your 2011 budget?  Where
    is your 1010 budget? When will you submit your 2012 budget?
  25. Really? Or are you
    screwing care providers and calling it cost reduction?
  26. Translation: import more
    Mexicans & Muslims in hopes that they will breed workers to pay
    taxes to support us geezers. In reality, they will add to the welfare
    burden, not the tax coffers.
  27. Corporations do not pay taxes,
    they pass them on to consumers. The middle class and poor will get
    stuck with the knives you throw at the “biggest corporations”.
    You are using us as human shields in your class warfare.
  28. What we can’t afford is your
    spendthrift ways.  Shrub’s tax rate cuts brought in revenue, they
    did not reduce it. Everyone knows that you are playing class warfare;
    divide & conquer and we won’t accept it.
  29.  How about the
    Alternative Minimum Tax, which was designed to snag the rich and now
    eviscerates the middle class? Your party refuses to fix that problem,
    asserting that  “we can’t afford it”. The telephone tax was
    supposed to be temporary. The income tax was supposed to be limited to
    the millionaires. We all know how those promises turned out.
  30. Who wrote that complex code? Which party
    ran Congress for 50 years, and held the chairmanship of the House Ways
    and Means Committee?
  31. Do you mean General
    Electric?
  32. Retarded members of your party
    understand neither economics nor mathematics. Multiplication problems
    have two inputs, not one. Revenues can be increased by broadening the
    base more easily than by increasing the rate. Economic growth will
    broaden the tax base. Raising rates reduces growth and narrows the tax
    base.
  33. Why
    should anyone pay higher taxes?  Please answer that question
    rationally, without appeal to emotion, particularly envy. Is Buffet
    paying more in net taxes or less than his secretary?  Why should
    any income be taxed twice?
  34. Since
    when do you give a damn about the Constitution? When you rammed through
    your unconstitutional medical insurance mandate?  Kiss off,
    hypocrite!
  35. The capital gains rate
    is lower because that money has already been taxed twice, once to a
    corporation and once to the dividend earner.  If you want
    corporations to be able to sell stock so that they can grow and hire
    more workers, then you need to have a free flowing stock market.
    Capital gains rates and rules dry up that flow, creating artificial
    dams. Your class warfare policy is counterproductive.
  36. Fighting against the “wealthy”
    is not fighting for the middle class, it is killing their jobs and
    employment prospects.  Your class warfare tactics must be exposed
    and rejected.
  37. Do what is right, Mr.
    President: resign. Take your Vice President, Secretary of State &
    President of the Senate with you and elevate the Speaker of the House
    to the office you are unqualified for and unworthy to hold.

 

September 20, 2011 Posted by | Politics | , , , , , , | Leave a comment

Obamination: Its all about My Job!


Obamination: Its all about My Job!

I could not find a transcript on the White House Blog, then their
server bogged down. I found it at Politico. Mark Levin described the speech as
‘seven single spaced pages” of “pablum”.  In chatting with a
friend while playing a game of chess, I described it in a less polite
term which I won’t repeat here.

I found the speech to be a campaign event rather
than statesmanship.  I am disappointed and disgusted by the
failure of the Republicans to walk out when President Obama played the
class warfare card.

Because of the length of the spew, I will flag
significant chunks of feces with superscripts linked to my comments
which follow the spew in an enumerated list. After reading a comment,
use your Backspace key to return to your place in the spew.

My comments could serve as an outline for the
response which the Republican leadership lacks the spinal &
testicular fortitude to make.  I do agree with his invocation of
God to bless us and America, but that is about it. This proposal is one
to reward his campaign donors, punish his enemies and waste billions of
dollars we will never be able to pay back to our creditors.

I counted 20 demands for immediate passage of this
money wasting plan. I counted 27 instances of “I” and 3 instances of my
in this speech; narcissism is clearly evident along with
corruption.  Obama must go. We can not wait 14 months; he must
resign or be impeached.

Tonight we meet at an urgent time
for our country. We continue to face an economic crisis1 that has
left
millions of our neighbors jobless, and a political crisis that’s made
things worse.
2



This past week, reporters
have been asking, “What will this speech mean for the President? What
will it mean for Congress? How will it affect their polls, and the next
election?”
3



But the millions of Americans
who are watching right now, they don’t care about politics.4 They have
real-life concerns. Many have spent months looking for work. Others are
doing their best just to scrape by — giving up nights out with the
family to save on gas or make the mortgage; postponing retirement to
send a kid to college.
5



These men and women grew up
with faith in an America where hard work and responsibility paid off6.
They believed in a country where everyone gets a fair shake and does
their7 fair share — where if you stepped
up, did your job, and were
loyal to your company, that loyalty would be rewarded with a decent
salary and good benefits; maybe a raise once in a while. If you did the
right thing, you could make it. Anybody could make it in America.




For decades now, Americans
have watched that compact erode8. They have seen the decks too often
stacked against them. And they know that Washington has not always put
their interests first.
9



The people of this country
work hard to meet their responsibilities. The question tonight is
whether we’ll meet ours10. The question is
whether, in the face of an
ongoing national crisis, we can stop the political circus11
and actually
do something to help the economy. (Applause.) The question is — the
question is whether we can restore some of the fairness12 and
security
that has defined this nation since our beginning13.




Those of us here tonight
can’t solve all our nation’s woes14. Ultimately, our recovery
will be
driven not by Washington, but by our businesses and our workers. But we
can help. We can make a difference15. There are steps we can
take right
now to improve people’s lives.
16



I am sending this Congress a
plan that you should pass right away17. It’s called the American
Jobs
Act. There should be nothing controversial about this piece of
legislation. Everything in here is the kind of proposal that’s been
supported by both Democrats and Republicans18 — including
many who sit
here tonight. And everything in this bill will be paid for19.
Everything.
(Applause.)




The purpose of the American
Jobs Act is simple: to put more people back to work20
and more money in
the pockets of those who are working. It will create more jobs for
construction workers, more jobs for teachers, more jobs for veterans21,
and more jobs for long-term unemployed. (Applause.) It will provide —
it will provide a tax break for companies who hire new workers22,
and it
will cut payroll taxes in half23 for every working American
and every
small business. (Applause.) It will provide a jolt to an economy that
has stalled, and give companies confidence that if they invest and if
they hire, there will be customers for their products and services24.
You
should pass this jobs plan right away. (Applause.)




Everyone here knows that
small businesses are where most new jobs begin. And you know that while
corporate profits have come roaring back, smaller companies haven’t. So
for everyone who speaks so passionately about making life easier for
“job creators,” this plan is for you. (Applause.)




Pass this jobs bill — pass
this jobs bill, and starting tomorrow, small businesses will get a tax
cut if they hire new workers or if they raise workers’ wages25.
Pass this
jobs bill, and all small business owners will also see their payroll
taxes cut in half next year. (Applause.) If you have 50 employees — if
you have 50 employees making an average salary, that’s an $80,000 tax
cut26.
And all businesses will be able to continue writing off the
investments they make in 2012.




It’s not just Democrats who
have supported this kind of proposal. Fifty House Republicans have
proposed the same payroll tax cut that’s in this plan. You should pass
it right away. (Applause.)




Pass this jobs bill, and we
can put people to work rebuilding America27. Everyone here knows we
have
badly decaying roads and bridges28 all over the country. Our
highways are
clogged with traffic. Our skies are the most congested in the world.
It’s an outrage.




Building a world-class
transportation system is part of what made us a economic superpower.
And now we’re going to sit back and watch China build newer airports
and faster railroads? At a time when millions of unemployed
construction workers could build them right here in America?29
(Applause.)




There are private
construction companies all across America just waiting to get to work.
There’s a bridge that needs repair between Ohio and Kentucky that’s on
one of the busiest trucking routes in North America. A public transit
project in Houston that will help clear up one of the worst areas of
traffic in the country. And there are schools throughout this country
that desperately need renovating. How can we expect our kids to do
their best in places that are literally falling apart? 30This is
America.
Every child deserves a great school — and we can give it to them, if we
act now. (Applause.)




The American Jobs Act will
repair and modernize at least 35,000 schools. It will put people to
work right now fixing roofs and windows, installing science labs and
high-speed Internet in classrooms all across this country. It will
rehabilitate homes and businesses in communities hit hardest by
foreclosures. It will jumpstart thousands of transportation projects
all across the country. And to make sure the money is properly spent,
we’re building on reforms we’ve already put in place. No more earmarks.
No more boondoggles. No more bridges to nowhere. We’re cutting the red
tape that prevents some of these projects from getting started as
quickly as possible. And we’ll set up an independent fund to attract
private dollars and issue loans based on two criteria: how badly a
construction project is needed and how much good it will do for the
economy. 31(Applause.)




This idea came from a bill
written by a Texas Republican and a Massachusetts Democrat. The idea
for a big boost in construction is supported by America’s largest
business organization and America’s largest labor organization. It’s
the kind of proposal that’s been supported in the past by Democrats and
Republicans alike. You should pass it right away. (Applause.)




Pass this jobs bill, and
thousands of teachers in every state will go back to work32. These
are
the men and women charged with preparing our children for a world where
the competition has never been tougher. But while they’re adding
teachers in places like South Korea, we’re laying them off in droves.
It’s unfair to our kids. It undermines their future and ours. And it
has to stop. Pass this bill, and put our teachers back in the classroom
where they belong. (Applause.)




Pass this jobs bill, and
companies will get extra tax credits if they hire America’s veterans.
We ask these men and women to leave their careers, leave their
families, risk their lives to fight for our country. The last thing
they should have to do is fight for a job when they come home.
(Applause.)




Pass this bill, and hundreds
of thousands of disadvantaged young people will have the hope and the
dignity of a summer job next year. And their parents — (applause) —
their parents, low-income Americans who desperately want to work, will
have more ladders out of poverty.




Pass this jobs bill, and
companies will get a $4,00033 tax credit if they hire
anyone who has
spent more than six months looking for a job. (Applause.) We have to do
more to help the long-term unemployed in their search for work. This
jobs plan builds on a program in Georgia that several Republican
leaders have highlighted, where people who collect unemployment
insurance participate in temporary work as a way to build their skills
while they look for a permanent job. The plan also extends unemployment
insurance for another year. (Applause.) If the millions of unemployed
Americans stopped getting this insurance, and stopped using that money
for basic necessities, it would be a devastating blow to this economy.
Democrats and Republicans in this chamber have supported unemployment
insurance plenty of times in the past. And in this time of prolonged
hardship, you should pass it again — right away. (Applause.)




Pass this jobs bill, and the
typical working family will get a $1,500 tax cut next year. Fifteen
hundred dollars that would have been taken out of your pocket will go
into your pocket. This expands on the tax cut that Democrats and
Republicans already passed for this year. If we allow that tax cut to
expire — if we refuse to act — middle-class families will get hit
with a tax increase at the worst possible time. We can’t let that
happen34.
I know that some of you have sworn oaths to never raise any
taxes on anyone for as long as you live. Now is not the time to carve
out an exception and raise middle-class taxes, which is why you should
pass this bill right away. (Applause.)




This is the American Jobs
Act. It will lead to new jobs for construction workers, for teachers,
for veterans, for first responders, young people and the long-term
unemployed. It will provide tax credits to companies that hire new
workers, tax relief to small business owners, and tax cuts for the
middle class. And here’s the other thing I want the American people to
know: The American Jobs Act will not add to the deficit. It will be
paid for. And here’s how. (Applause.)




The agreement we passed in
July will cut government spending by about $1 trillion over the next 10
years. It also charges this Congress to come up with an additional $1.5
trillion in savings35
by Christmas. Tonight, I am asking you to increase
that amount so that it covers the full cost36 of the American Jobs Act.
And a week from Monday, I’ll be releasing a more ambitious deficit plan
— a plan that will not only cover the cost of this jobs bill, but
stabilize our debt in the long run. (Applause.)




This approach is basically
the one I’ve been advocating for months. In addition to the trillion
dollars of spending cuts I’ve already signed into law, it’s a balanced
plan that would reduce the deficit by making additional spending cuts,
by making modest adjustments to health care programs like Medicare and
Medicaid, and by reforming our tax code in a way that asks the
wealthiest Americans and biggest corporations to pay their fair share37.
(Applause.) What’s more, the spending cuts wouldn’t happen so abruptly
that they’d be a drag on our economy, or prevent us from helping small
businesses and middle-class families get back on their feet right away.




Now, I realize there are some
in my party who don’t think we should make any changes at all to
Medicare and Medicaid, and I understand their concerns. But here’s the
truth: Millions of Americans rely on Medicare in their retirement. And
millions more will do so in the future. They pay for this benefit
during their working years. They earn it. But with an aging population
and rising health care costs, we are spending too fast to sustain the
program. And if we don’t gradually reform the system while protecting
current beneficiaries, it won’t be there when future retirees need it.
We have to reform Medicare38 to strengthen it.
(Applause.)




I am also — I’m also well
aware that there are many Republicans who don’t believe we should raise
taxes on those who are most fortunate and can best afford39
it. But here
is what every American knows: While most people in this country
struggle to make ends meet, a few of the most affluent citizens and
most profitable corporations enjoy tax breaks and loopholes that nobody
else gets40.
Right now, Warren Buffett pays a lower tax rate than his
secretary — an outrage he has asked us to fix. (Laughter.) We need a
tax code where everyone gets a fair shake and where everybody pays
their fair share. (Applause.) And by the way, I believe the vast
majority of wealthy Americans and CEOs are willing to do just that if
it helps the economy grow and gets our fiscal house in order.




I’ll also offer ideas to
reform a corporate tax code that stands as a monument to special
interest influence in Washington. By eliminating pages of loopholes and
deductions, we can lower one of the highest corporate tax rates in the
world. (Applause.) Our tax code should not give an advantage to
companies that can afford the best-connected lobbyists.41
It should give
an advantage to companies that invest and create jobs right here in the
United States of America. (Applause.)




So we can reduce this
deficit, pay down our debt, and pay for this jobs plan in the process.
But in order to do this, we have to decide what our priorities are. We
have to ask ourselves, “What’s the best way to grow the economy and
create jobs?”




Should we keep tax loopholes
for oil companies? Or should we use that money to give small business
owners a tax credit when they hire new workers? Because we can’t afford
to do both. Should we keep tax breaks for millionaires and
billionaires? Or should we put teachers back to work so our kids can
graduate ready for college and good jobs? (Applause.) Right now, we
can’t afford to do both.




This isn’t political
grandstanding. This isn’t class warfare. This is simple math.
(Laughter.) This is simple math. These are real choices. These are real
choices that we’ve got to make. And I’m pretty sure I know what most
Americans would choose. It’s not even close. And it’s time for us to do
what’s right for our future. (Applause.)




Now, the American Jobs Act
answers the urgent need to create jobs right away. But we can’t stop
there. As I’ve argued since I ran for this office, we have to look
beyond the immediate crisis and start building an economy that lasts
into the future — an economy that creates good, middle-class jobs that
pay well and offer security. We now live in a world where technology
has made it possible for companies to take their business anywhere. If
we want them to start here and stay here and hire here, we have to be
able to out-build and out-educate and out-innovate every other country
on Earth. (Applause.)




And this task of making
America more competitive for the long haul, that’s a job for all of us.
For government and for private companies. For states and for local
communities — and for every American citizen. All of us will have to
up our game. All of us will have to change the way we do business.




My administration can and
will take some steps to improve our competitiveness on our own. For
example, if you’re a small business owner who has a contract with the
federal government, we’re going to make sure you get paid a lot faster
than you do right now. (Applause.) We’re also planning to cut away the
red tape that prevents too many rapidly growing startup companies from
raising capital and going public. And to help responsible homeowners,
we’re going to work with federal housing agencies to help more people
refinance their mortgages at interest rates that are now near 4
percent. That’s a step — (applause) — I know you guys must be for
this, because that’s a step that can put more than $2,000 a year in a
family’s pocket, and give a lift to an economy still burdened by the
drop in housing prices.




So, some things we can do on
our own. Other steps will require congressional action. Today you
passed reform that will speed up the outdated patent process, so that
entrepreneurs can turn a new idea into a new business as quickly as
possible. That’s the kind of action we need. Now it’s time to clear the
way for a series of trade agreements that would make it easier for
American companies to sell their products in Panama and Colombia and
South Korea -– while also helping the workers whose jobs have been
affected by global competition. (Applause.) If Americans can buy Kias
and Hyundais, I want to see folks in South Korea driving Fords and
Chevys and Chryslers. (Applause.) I want to see more products sold
around the world stamped with the three proud words: “Made in America.”
That’s what we need to get done. (Applause.)




And on all of our efforts to
strengthen competitiveness, we need to look for ways to work side by
side with America’s businesses. That’s why I’ve brought together a Jobs
Council of leaders from different industries who are developing a wide
range of new ideas to help companies grow and create jobs.




Already, we’ve mobilized
business leaders to train 10,000 American engineers a year, by
providing company internships and training. Other businesses are
covering tuition for workers who learn new skills at community
colleges. And we’re going to make sure the next generation of
manufacturing takes root not in China or Europe, but right here, in the
United States of America. (Applause) If we provide the right
incentives, the right support — and if we make sure our trading
partners play by the rules — we can be the ones to build everything
from fuel-efficient cars to advanced biofuels to semiconductors that we
sell all around the world. That’s how America can be number one again.
And that’s how America will be number one again. (Applause.)




Now, I realize that some of
you have a different theory on how to grow the economy. Some of you
sincerely believe that the only solution to our economic challenges is
to simply cut most government spending and eliminate most government
regulations. (Applause.)




Well, I agree that we can’t
afford wasteful spending, and I’ll work with you, with Congress, to
root it out. And I agree that there are some rules and regulations that
do put an unnecessary burden on businesses at a time when they can
least afford it. (Applause.) That’s why I ordered a review of all
government regulations. So far, we’ve identified over 500 reforms,
which will save billions of dollars over the next few years.
(Applause.) We should have no more regulation than the health, safety
and security of the American people require. Every rule should meet
that common-sense test. (Applause.)




But what we can’t do — what
I will not do — is let this economic crisis be used as an excuse to
wipe out the basic protections that Americans have counted on for
decades. (Applause.) I reject the idea that we need to ask people to
choose between their jobs and their safety. I reject the argument that
says for the economy to grow, we have to roll back protections that ban
hidden fees by credit card companies, or rules that keep our kids from
being exposed to mercury, or laws that prevent the health insurance
industry from shortchanging patients. I reject the idea that we have to
strip away collective bargaining rights to compete in a global economy.
(Applause.) We shouldn’t be in a race to the bottom, where we try to
offer the cheapest labor and the worst pollution standards. America
should be in a race to the top. And I believe we can win that race.
(Applause.)




In fact, this larger notion
that the only thing we can do to restore prosperity is just dismantle
government, refund everybody’s money, and let everyone write their own
rules, and tell everyone they’re on their own — that’s not who we are.
That’s not the story of America.




Yes, we are rugged
individualists. Yes, we are strong and self-reliant. And it has been
the drive and initiative of our workers and entrepreneurs that has made
this economy the engine and the envy of the world.






But there’s always been
another thread running throughout our history — a belief that we’re
all connected, and that there are some things we can only do together,
as a nation.




We all remember Abraham
Lincoln as the leader who saved our Union. Founder of the Republican
Party. But in the middle of a civil war, he was also a leader who
looked to the future — a Republican President who mobilized government
to build the Transcontinental Railroad — (applause) — launch the
National Academy of Sciences, set up the first land grant colleges.
(Applause.) And leaders of both parties have followed the example he
set.




Ask yourselves — where would
we be right now if the people who sat here before us decided not to
build our highways, not to build our bridges, our dams, our airports?
What would this country be like if we had chosen not to spend money on
public high schools, or research universities, or community colleges?
Millions of returning heroes, including my grandfather, had the
opportunity to go to school because of the G.I. Bill. Where would we be
if they hadn’t had that chance? (Applause.)




How many jobs would it have
cost us if past Congresses decided not to support the basic research
that led to the Internet and the computer chip? What kind of country
would this be if this chamber had voted down Social Security or
Medicare just because it violated some rigid idea about what government
could or could not do? (Applause.) How many Americans would have
suffered as a result?




No single individual built
America on their own. We built it together. We have been, and always
will be, one nation, under God, indivisible, with liberty and justice
for all; a nation with responsibilities to ourselves and with
responsibilities to one another. And members of Congress, it is time
for us to meet our responsibilities. (Applause.)




Every proposal I’ve laid out
tonight is the kind that’s been supported by Democrats and Republicans
in the past. Every proposal I’ve laid out tonight will be paid for. And
every proposal is designed to meet the urgent needs of our people and
our communities.




Now, I know there’s been a
lot of skepticism about whether the politics of the moment will allow
us to pass this jobs plan — or any jobs plan. Already, we’re seeing
the same old press releases and tweets flying back and forth. Already,
the media has proclaimed that it’s impossible to bridge our
differences. And maybe some of you have decided that those differences
are so great that we can only resolve them at the ballot box.




But know this: The next
election is 14 months away. And the people who sent us here — the
people who hired us to work for them — they don’t have the luxury of
waiting 14 months.42 (Applause.) Some of them
are living week to week,
paycheck to paycheck, even day to day. They need help, and they need it
now.




I don’t pretend that this
plan will solve all our problems43. It should not be,
nor will it be, the
last plan of action we propose. What’s guided us from the start of this
crisis hasn’t been the search for a silver bullet. It’s been a
commitment to stay at it — to be persistent — to keep trying every
new idea that works44, and listen to every
good proposal, no matter which
party comes up with it.




Regardless of the arguments
we’ve had in the past, regardless of the arguments we will have in the
future, this plan is the right thing to do right now. You should pass
it. (Applause.) And I intend to take that message to every corner of
this country. (Applause.) And I ask — I ask every American who agrees
to lift your voice: Tell the people who are gathered here tonight that
you want action now. Tell Washington that doing nothing is not an
option. Remind us that if we act as one nation and one people, we have
it within our power to meet this challenge.




President Kennedy once said,
“Our problems are man-made –- therefore they can be solved by man. And
man can be as big as he wants.”




These are difficult years for
our country. But we are Americans. We are tougher than the times we
live in, and we are bigger than our politics have been. So let’s meet
the moment. Let’s get to work, and let’s show the world once again why
the United States of America remains the greatest nation on Earth.
(Applause.)

Thank you very much. God bless you, and God bless the United States of
America. (Applause.)

Read more:
http://www.politico.com/news/stories/0911/63043_Page3.html#ixzz1XQa0NuDw

 


  1. “Never let a crisis go to waste”.  The
    economic crisis is real: our economy is buried deep in a
    depression.  We are up to our ears in a sea of debt which will
    drown us when interest rates rise again.  The economic crisis is
    the fruit of decades of government by and compromising with LibTurds.
    We can’t spend our way out of debt. Increasing tax rates and imposing
    regulations that stifle economic activity are counter productive; part
    of the problem, not part of the solution.
  2. The political crisis is imaginary,
    conjured up for partisan political gain. Rejecting counter productive
    proposals is not partisanship, it is statesmanship. When the patient is
    dying from poisoning by arsenic, he won’t be cured by increased dosages
    of arsenic.
  3. Discussion centers on political
    impact because the speech is political; a campaign speech intended to
    secure your grip on power, not a realistic plan for economic growth. If
    you had a real plan, you would present it in writing, complete with a
    cost-benefit analysis from the Congressional Budget Office. The fact
    that you are dribbling out empty platitudes in a series of campaign
    speeches tells us everything we need to know about your plan: it is a
    complete fraud.
  4. Elections have consequences, as we are
    learning to our sorrow. The Tea Party arose spontaneously precisely
    because a growing segment of the electorate is aware of the
    consequences of electing Socialists to high office.
  5. Everyone’s income is someone else’s
    expense. When we “tighten our belts”, others suffer. When we lose our
    jobs, everyone in our chain of commerce and credit suffers with
    us.  We did not learn the wider lesson of the stock market crash
    of 1929. Income, wealth and economic activity in general must be based
    on reality, fantasy & fashion are not good economic foundations. We
    could have and should have learned from the .com bubble. Instead, we
    inflated the housing bubble, an artificial house of cards whose
    collapse was inevitable. If we  don’t learn our lessons from
    electing you, this nation will soon land in the ash heap of history.
  6. Pay offs are what your corrupt cronies
    receive. Hard work does not always pay off.  No matter how hard a
    farmer works, crop failures caused by disease, pestilence, drought or
    flood can cause his effort and investment to be wasted, resulting in a
    total loss. Everyone who has tried cold call commission sales knows
    that hard work is not always rewarded.  Responsibility is not
    guaranteed to  pay off either. If you are careful with credit and
    savings, not living beyond your means, you can still be brought down by
    the consequences of the irresponsibility of others, especially the
    irresponsibility of those who write the laws & regulations and
    control the currency.
  7. “Fair” is one of those loaded words that
    carries a great deal of emotional impact without real substance. Try to
    define and quantify it.
  8. This is the point at which responsible
    & trustworthy Republican statesmen would have risen up and walked
    out in protest of the class warfare card.  The previous sentence
    was the first clue, this is the second. The erosion actually began with
    the whip sawing auto strikes of the ’60s & ’70s. Bad fiscal
    policies inflated the currency, leading to a wage/price spiral. Union
    goons and COLA recipients advanced, everyone else suffered. Unions
    strangled the golden goose, building the foundation for our present
    situation.
  9. Government should not be involved in
    putting any “interest” first; determining winners & losers is not
    the proper role of government. Obama is playing the class warfare card,
    Republicans should have thrown over the table and walked out.
  10. You already answered
    this question, with your call for “civility” in political discourse,
    TARP, Porkulus and playing the race and class cards.  While you
    accuse, by innuendo, the Republicans of irresponsibility, you are the
    real culprit. Your overweening arrogance and narcissism are
    disgusting.  Your campaign speeches induce urinary incontinence.
  11. In his running commentary on this
    speech, Mark Levin remarked that you are the lead clown. This is not a
    policy speech, it is a campaign speech, oriented not toward solving
    economic problems, but toward your re-election.  Your actions are
    those of a fireman throwing gasoline on a fire and sounding an extra
    alarm for more turnout to fight the blaze.
  12. Translation: equality of outcome; income
    redistribution. That sentence is intended to advance the Socialist
    agenda, which is entirely contra-indicated by an  understanding of
    economics. In the real world, outcomes are not equal, and there is no
    security.
  13. This nation is defined by the
    Declaration of Independence and Constitution, which seized and secured
    the rights of citizens. It is not defined by trhe Socialist agenda you
    are promoting.
  14. You have no interest in solving
    problems, if you did, you would propose solutions instead of more of
    the same idiocy that caused & exacerbated them.  You are
    following the Cloward-Piven strategy: rule through ruin.  You
    believe, that by destroying our economy, you can institute your
    Socialist agenda.
  15. Washington can make a difference
    by getting the Hell out of the way. Lift the flood gates that retard
    progress. Begin by repealing Obama Don’t Care, which is raising costs
    and uncertainty. Continue by reversing and abandoning irrational and
    unreasonable “clean air” & “green energy” regulations that will
    vastly inflate energy & transportation costs. Totally drop the
    policies flowing from the anthropomorphic climate change fraud. For
    real progress, eliminate all artificial barriers to domestic petroleum
    exploration, production, transportation & refining.  If you
    really want economic growth, make Shrub’s tax rate cuts permanent and
    eliminate the capital gains & death taxes entirely. Put a permanent
    end to double taxation.
  16. Government does not improve
    lives, it protects them. Get off our backs and out of the way.
  17. Haste makes waste. Instead of
    buying a pig in a poke, in a hurry on urgent business, Congress
    should  demand substantive details, examine them carefully and
    then tell you go go to ‘rass your plans and go to Hell. If the Congress
    did not learn from the Obama Don’t Care and TARP fiascoes, we need to
    replace  them.
  18. Members of both
    parties supported all the failed policies that dug the rut we are in.
    We need a ladder, not a back hoe to get out of this rut. There are
    corrupt politicians and Socialists in both parties. We need to get rid
    of them, starting with you, November 6, 2012.
  19. If it ain’t paid for in ready cash in
    hand, it ain’t paid for. We have heard that lie before, and we
    recognize it’ ‘rass it and go to Hell.
  20. If you want to put people
    to work, employ them to do something productive that will generate
    enough revenue to pay their wages and benefits. If you can’t do that,
    then sit down, shut up, get out of the way and let someone who can take
    your office.  You can remove the artificial barriers to economic
    recovery & growth. You can stop the fiscal irresponsibility that is
    drowning us in debt. Do it or resign.
  21. More jobs for unionized workers whose
    dues will flow into your campaign treasury. Aka. graft &
    corruption.  Government should never be engaged in picking
    favorites. When you confer special advantages on anyone, you
    disadvantage everyone else.
  22. “Tax breaks for
    corporations”; you are tripping over your own tongue. “Tax breaks”
    significantly less than the annual cost of wages and benefits for each
    hire and the aggregate of new hires will not produce the desired
    result. Employers need some expectation of making a profit, not taking
    a loss. They need predictable markets and costs. Your Obama Don’t Care
    and energy related regulations do more to prevent job development than
    anything else.  They are not going to hire until sales &
    demand are seen to increase substantially with a trend curve that
    indicates they will be sustained. Inadequate, short term, single shot
    fixes are part of the problem, not part of the solution.
  23. With OASDI rapidly approaching
    bankruptcy and the unemployment compensation system already in the red,
    that is a wonderful idea indeed.
  24. Investment and hiring
    decisions must be based on long term trends. Your tax and regulatory
    policies are counter productive, killing, not creating jobs. Employers
    hire after need is proven, not before. You are putting the cart before
    the horse.
  25. Incentives built into tax laws
    need to be  predictable, reliable and sufficient to offset the
    cost of the behavior they are designed to promote. No competent manager
    will base hiring or pay decisions on a tax cut. Everyones income is an
    expense to someone else. If employers pay more, they will charge more,
    hurting their customers.
  26. How does that tax cut compare to the
    total cost of one employee, wages, benefits & payroll taxes?
    How many new hires will it facilitate?
  27. Define your terms! You imply
    rebuilding infrastructure, which would not be as substantial as you
    imply and would vastly increase the defecit & debt. You really mean
    replace the Constitution with Das Kapital’ ‘rass it and go to Hell.
  28. What happened to the loot in the
    Highway Trust Fund?  Why was it not used to rebuild roads &
    bridges on an as needed basis? What is the annual Federal Motor Fuel
    tax revenue, and how is it spent?
  29. How much money
    does it cost to build an airport, and how many people does it employ?
    Will rough carpenters, electricians and brick layers, drywallers,
    finish carpenters and plumbers be put to work building bridges and
    highways? Do their training and skill sets transfer?  What is the
    cost of land acquisition, planning, zoning, etc?  How lown will
    this process take?  You will put millions to work overnight, yeah,
    right.  Show us your magic wand.
  30. Leaning is not a function of the facility,
    it is a function of the curriculum, resources and student ability,
    attitude & effort. Schools are a local, not a federal issue.
  31. Promises, promises. This reminds
    me of an old dirty joke about starlings flying from a plow handle after
    feeding on manure. This is simply a proposal for pumping more borrowed
    money down the drain.
  32. Teachers are unionized. The NEA is a major
    contributor to Democrat campaign chests. We have played this game
    before and we lost. Lets not play it again. Let those whose outrageous
    wage and benefit demands contributed to the bankruptcy of local
    governments share in the suffering they caused.
  33. If you want to stimulate
    employment, don’t piddle with nickle and dime tax cuts, quit taxing
    employers.
  34. You were perfectly happy to
    let Shrub’s tax cuts expire, which would have hit our pockets much
    harder. your hypocrisy stinks like the manure pile it is.
  35. Those savings are a false promise and
    everybody knows it. Democrats do not cut spending!
  36. What is the full cost of your money
    wasting graft plan?  Why didn’t you declare it in your speech?
  37. Every Republican who sat
    through this class warfare attack should have one and only one
    competent, conservative, articulate, aggressive and well financed
    opponent in the next primary election cycle.  Failure to walk out
    on this is absolutely unforgivable.
  38. The first thing to do is eliminate
    Obama Don’t Care. Then you need to put curbs on outrageous litigation
    abuse and fraud.
  39. Class
    warfare!!! The Democrats playing the class and race cards are setting
    us up for deadly and destructive riots. No statesman worth his salary
    would sit still in the face of that spew of feces. Every Republican who
    sat through that must be primaried!!!
  40. And you just proposed new tax breaks for
    corporations!  Your hypocrisy is apparent, it can not be
    concealed. Where are the Republicans who should have jeered and walked
    out? Have they no shame?
  41. No, it should give tax
    advantages to those who contribute the most to your campaign chest,
    like G.E.
  42. True, we can’t wait, we demand
    your immediate resignation.
  43. You pretend that it will
    solve unemployment, education & transportation, ain’t those lies
    enough?  Resign, liar, save us the trouble of impeaching you.
  44. Which of your ideas has worked?
    None of them ever will. Insanity has been defined as doing the same
    thing repeatedly, expecting different results.

 

September 8, 2011 Posted by | Politics | , , , , | Leave a comment

   

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