IF higher taxes will create jobs, why did the stimulus fail?

[JRK]

I cannot put it any better

It’s official: Obama’s job stimulus program failed
TAGS: Examiner editorial failure job stimulus President Barack Obama unemployment rate
COMMENTS (0) SHARE PRINT
By: Examiner Editorial 01/22/11 10:00 PM
Democrats have lambasted Republicans for years for believing in “Voodoo economics.” Well, the evidence is mounting that economic superstition is alive and well in the nation’s political circles, though it has nothing to do with a fondness for tax cuts.

It’s instead the crazy belief that the government can spend its way to prosperity for the rest of us. Analyzing this conclusion, the House Ways and Means Committee recently released a report titled “It’s Official: On Unemployment and Jobs, Democrats’ 2009 Stimulus Was a Huge Failure.”

The Ways and Means report provides a number of striking reminders about the predictions the White House made in January 2009 while urging the passage of their $814 billion Keynesian spending bill. By January 2011, the stimulus bill was supposed to have lowered the unemployment rate to 7 percent. It now stands at 9.4 percent, and the report notes that “the unemployment rate would be 11.3 percent if it included all the ‘invisible unemployed’ — American workers who have simply given up looking for work.” The report also said that the stimulus was supposed to create 3.7 million jobs by now, for a total of 137.6 million jobs in the American economy. Currently, there are 130.7 million jobs. Since the stimulus’ passage, 47 of the 50 states have lost jobs; overall, the private sector has seen 1.8 million jobs disappear.

Note as well that unemployment currently is slightly above what the White House predicted it would be if the Obama stimulus program was not passed as emergency legislation. Any honest assessment of the stimulus has to consider the possibility that flawed economics, kickbacks to unions and other Democratic special interests, corruption and an inefficient bureaucracy simply swallowed all the jobs for which those billions were supposed to pay. In fact, job creation exceeded the White House’s expectations in only one area: The District of Columbia created almost twice as many jobs as the White House anticipated. In other words, thanks to the stimulus, the only area growing new jobs is the federal government.



Read more at the San Francisco Examiner: It

 

[PLYMCO_PILGRIM]

I cannot put it any better

It’s official: Obama’s job stimulus program failed
TAGS: Examiner editorial failure job stimulus President Barack Obama unemployment rate
COMMENTS (0) SHARE PRINT
By: Examiner Editorial 01/22/11 10:00 PM
Democrats have lambasted Republicans for years for believing in “Voodoo economics.” Well, the evidence is mounting that economic superstition is alive and well in the nation’s political circles, though it has nothing to do with a fondness for tax cuts.

It’s instead the crazy belief that the government can spend its way to prosperity for the rest of us. Analyzing this conclusion, the House Ways and Means Committee recently released a report titled “It’s Official: On Unemployment and Jobs, Democrats’ 2009 Stimulus Was a Huge Failure.”

The Ways and Means report provides a number of striking reminders about the predictions the White House made in January 2009 while urging the passage of their $814 billion Keynesian spending bill. By January 2011, the stimulus bill was supposed to have lowered the unemployment rate to 7 percent. It now stands at 9.4 percent, and the report notes that “the unemployment rate would be 11.3 percent if it included all the ‘invisible unemployed’ — American workers who have simply given up looking for work.” The report also said that the stimulus was supposed to create 3.7 million jobs by now, for a total of 137.6 million jobs in the American economy. Currently, there are 130.7 million jobs. Since the stimulus’ passage, 47 of the 50 states have lost jobs; overall, the private sector has seen 1.8 million jobs disappear.

Note as well that unemployment currently is slightly above what the White House predicted it would be if the Obama stimulus program was not passed as emergency legislation. Any honest assessment of the stimulus has to consider the possibility that flawed economics, kickbacks to unions and other Democratic special interests, corruption and an inefficient bureaucracy simply swallowed all the jobs for which those billions were supposed to pay. In fact, job creation exceeded the White House’s expectations in only one area: The District of Columbia created almost twice as many jobs as the White House anticipated. In other words, thanks to the stimulus, the only area growing new jobs is the federal government.



Read more at the San Francisco Examiner: It

Trickle up prosperity(well in this case poverty) is a giant fail thats why, it is way less effective than trickle down economics.

 

[JRK]

I cannot put it any better

It’s official: Obama’s job stimulus program failed
TAGS: Examiner editorial failure job stimulus President Barack Obama unemployment rate
COMMENTS (0) SHARE PRINT
By: Examiner Editorial 01/22/11 10:00 PM
Democrats have lambasted Republicans for years for believing in “Voodoo economics.” Well, the evidence is mounting that economic superstition is alive and well in the nation’s political circles, though it has nothing to do with a fondness for tax cuts.

It’s instead the crazy belief that the government can spend its way to prosperity for the rest of us. Analyzing this conclusion, the House Ways and Means Committee recently released a report titled “It’s Official: On Unemployment and Jobs, Democrats’ 2009 Stimulus Was a Huge Failure.”

The Ways and Means report provides a number of striking reminders about the predictions the White House made in January 2009 while urging the passage of their $814 billion Keynesian spending bill. By January 2011, the stimulus bill was supposed to have lowered the unemployment rate to 7 percent. It now stands at 9.4 percent, and the report notes that “the unemployment rate would be 11.3 percent if it included all the ‘invisible unemployed’ — American workers who have simply given up looking for work.” The report also said that the stimulus was supposed to create 3.7 million jobs by now, for a total of 137.6 million jobs in the American economy. Currently, there are 130.7 million jobs. Since the stimulus’ passage, 47 of the 50 states have lost jobs; overall, the private sector has seen 1.8 million jobs disappear.

Note as well that unemployment currently is slightly above what the White House predicted it would be if the Obama stimulus program was not passed as emergency legislation. Any honest assessment of the stimulus has to consider the possibility that flawed economics, kickbacks to unions and other Democratic special interests, corruption and an inefficient bureaucracy simply swallowed all the jobs for which those billions were supposed to pay. In fact, job creation exceeded the White House’s expectations in only one area: The District of Columbia created almost twice as many jobs as the White House anticipated. In other words, thanks to the stimulus, the only area growing new jobs is the federal government.



Read more at the San Francisco Examiner: It

Trickle up prosperity(well in this case poverty) is a giant fail thats why, it is way less effective than trickle down economics.

I like your quote from Kennedy
I post these threads for information hoping to educate the voter
Obama's $825B stimulus plan includes spending, tax cuts - USATODAY.com
the stimulus was the same as having about 225 billion dollars of revenue added to the bottom line and spent by the federal govt per year as I understand it

 

[PLYMCO_PILGRIM]

I cannot put it any better

It’s official: Obama’s job stimulus program failed
TAGS: Examiner editorial failure job stimulus President Barack Obama unemployment rate
COMMENTS (0) SHARE PRINT
By: Examiner Editorial 01/22/11 10:00 PM
Democrats have lambasted Republicans for years for believing in “Voodoo economics.” Well, the evidence is mounting that economic superstition is alive and well in the nation’s political circles, though it has nothing to do with a fondness for tax cuts.

It’s instead the crazy belief that the government can spend its way to prosperity for the rest of us. Analyzing this conclusion, the House Ways and Means Committee recently released a report titled “It’s Official: On Unemployment and Jobs, Democrats’ 2009 Stimulus Was a Huge Failure.”

The Ways and Means report provides a number of striking reminders about the predictions the White House made in January 2009 while urging the passage of their $814 billion Keynesian spending bill. By January 2011, the stimulus bill was supposed to have lowered the unemployment rate to 7 percent. It now stands at 9.4 percent, and the report notes that “the unemployment rate would be 11.3 percent if it included all the ‘invisible unemployed’ — American workers who have simply given up looking for work.” The report also said that the stimulus was supposed to create 3.7 million jobs by now, for a total of 137.6 million jobs in the American economy. Currently, there are 130.7 million jobs. Since the stimulus’ passage, 47 of the 50 states have lost jobs; overall, the private sector has seen 1.8 million jobs disappear.

Note as well that unemployment currently is slightly above what the White House predicted it would be if the Obama stimulus program was not passed as emergency legislation. Any honest assessment of the stimulus has to consider the possibility that flawed economics, kickbacks to unions and other Democratic special interests, corruption and an inefficient bureaucracy simply swallowed all the jobs for which those billions were supposed to pay. In fact, job creation exceeded the White House’s expectations in only one area: The District of Columbia created almost twice as many jobs as the White House anticipated. In other words, thanks to the stimulus, the only area growing new jobs is the federal government.



Read more at the San Francisco Examiner: It

Trickle up prosperity(well in this case poverty) is a giant fail thats why, it is way less effective than trickle down economics.

I like your quote from Kennedy
I post these threads for information hoping to educate the voter
Obama's $825B stimulus plan includes spending, tax cuts - USATODAY.com
the stimulus was the same as having about 225 billion dollars of revenue added to the bottom line and spent by the federal govt per year as I understand it

I heard a blip on the radio that I have yet to verify myself. It said that for every public sector job created with the stimulus 2 or more private sector jobs were lost.

The government is not, and never has been, the answer to problems in the USA. Their track record is horrid.

What did R.R. say? The 9 scariest words in the english language are "I'm from the government and I'm here to help"

EDIT: I like the qoute too, obviously, and I use to to remind myself to keep my mind wide open and forward looking.

 

[JRK]

Trickle up prosperity(well in this case poverty) is a giant fail thats why, it is way less effective than trickle down economics.

I like your quote from Kennedy
I post these threads for information hoping to educate the voter
Obama's $825B stimulus plan includes spending, tax cuts - USATODAY.com
the stimulus was the same as having about 225 billion dollars of revenue added to the bottom line and spent by the federal govt per year as I understand it

I heard a blip on the radio that I have yet to verify myself. It said that for every public sector job created with the stimulus 2 or more private sector jobs were lost.

The government is not, and never has been, the answer to problems in the USA. Their track record is horrid.

What did R.R. say? The 9 scariest words in the english language are "I'm from the government and I'm here to help"

EDIT: I like the qoute too, obviously, and I use to to remind myself to keep my mind wide open and forward looking.

Every president has had different challenges
Bush and his no child left behind along with his Medicare program needed to be paid for
we got so close to having this thing where we needed it in 07 and people stopped paying there bills
its that simple
everyone was over extended

THE BUSH RECORD - FACT SHEET: Empowering Medicare Beneficiaries With Affordable Options
Competition Is Helping To Reduce Medical Costs For Consumers And Taxpayer

Private sector competition has resulted in more innovation and flexibility in coverage. Under President Bush's Medicare Part D policy, private health plans compete by providing better coverage at affordable prices – helping to control the costs of Medicare by marketplace competition, not government price-setting.

The estimated costs of this program to taxpayers have declined nearly 38 percent since enactment. Costs to taxpayers are projected to be about $240 billion lower than originally estimated for 2004-2013. From 2006 to 2013, States are expected to spend about $25 billion less than originally projected.

In addition to the government savings, beneficiaries are also spending less than originally estimated. The average premium that beneficiaries paid for a standard prescription drug benefit in 2008 was roughly $25 per month, nearly 40 percent lower than original estimates.
Beneficiaries Are Satisfied With Medicare Prescription Drug Coverage

Overall satisfaction is very high. Public opinion surveys in 2007 indicate satisfaction rates of over 85 percent.

87 percent – Wall Street Journal/Harris Interactive (December 2007)
86 percent – VCR Research/Medicare Rx Education Network (November 2007)
89 percent – KRC for Medicare Today (October 2007)
According to the 2008 Medicare Today Survey:

80 percent said that their plan covers all medicines.
84 percent indicated that their total out-of-pocket costs are reasonable.
95 percent responded that their plan was convenient to use.
86 percent said that their co-payments and premiums were affordable.

 

[RDD_1210]

If cutting taxes for the rich creates jobs why is unemployment still where it is?

 

[Truthmatters]

Hume falsely claims that the stimulus failed | Media Matters for America


Independent and private analysts: Stimulus significantly raised employment
CEA: ARRA raised employment "by between 2.5 and 3.6 million." In its fourth quarterly report on the American Recovery and Reinvestment Act [ARRA] of 2009, the White House's Council of Economic Advisers (CEA) stated that "as of the second quarter of 2010, the ARRA has raised employment relative to what it otherwise would have been by between 2.5 and 3.6 million. These estimates are broadly consistent with the direct recipient reporting data available for 2010:Q1."

CBO estimates stimulus increased employment by up to 3.3 million jobs. The nonpartisan Congressional Budget Office (CBO) estimated in August that as of the second quarter of 2010, the stimulus "ncreased the number of people employed by between 1.4 million and 3.3 million."


Go to the link and find the rest of the LONG list of experts who said the stimulus worked.

 

[PLYMCO_PILGRIM]

If cutting taxes for the rich creates jobs why is unemployment still where it is?

Because the stimulus spending went to cronies instead of productive job creators and the tax cuts were for everyone with the rich getting the lowest percentage cut out of all groups.

 

[Soggy in NOLA]

Hume falsely claims that the stimulus failed | Media Matters for America


Independent and private analysts: Stimulus significantly raised employment
CEA: ARRA raised employment "by between 2.5 and 3.6 million." In its fourth quarterly report on the American Recovery and Reinvestment Act [ARRA] of 2009, the White House's Council of Economic Advisers (CEA) stated that "as of the second quarter of 2010, the ARRA has raised employment relative to what it otherwise would have been by between 2.5 and 3.6 million. These estimates are broadly consistent with the direct recipient reporting data available for 2010:Q1."

CBO estimates stimulus increased employment by up to 3.3 million jobs. The nonpartisan Congressional Budget Office (CBO) estimated in August that as of the second quarter of 2010, the stimulus "ncreased the number of people employed by between 1.4 million and 3.3 million."


Go to the link and find the rest of the LONG list of experts who said the stimulus worked.

Oh boy, "Media Matters"..

 

[Soggy in NOLA]

If cutting taxes for the rich creates jobs why is unemployment still where it is?

We cut taxes on the rich?

 

[JRK]

If cutting taxes for the rich creates jobs why is unemployment still where it is?

Your avatar is nice

The tax policy in this country is broke
if you have a tax policy that punishes everyone for success, its broke
PERIOD
Florida and Texas has a sales tax system that works I think we should be using

If you think about taxes
your saying the higher the tax rate the more you think Obama can spend your money better than you can
The Dems has every one thinking this about the rich people
I make 75k a year and have 4,000 less in bring home income under Clinton than I do under Bush

thats 32,000 sense Bushes tax policy took place
You want to tax the "rich" 39%
you think a person who has enough wealth that he will have 200,000 in taxable income is going to allow that wealth to be taxed?
I have little chance to hide mine
The "rich' guy has all kinds of avenues he can "hide" his

Taxes are such a small chunk of what the greed of the dot com bubble
9-11
Enron's and the housing crises does to us

Again as i see it the whole system is broke any way

 

[8537]

If cutting taxes for the rich creates jobs why is unemployment still where it is?

We cut taxes on the rich?

yes.

 

[Soggy in NOLA]

The stimulus was never designed to create jobs. It was a payback to Wall St. and the unions and a slush fund for the admin.

 

[Soggy in NOLA]

If cutting taxes for the rich creates jobs why is unemployment still where it is?

We cut taxes on the rich?

yes.

When did this happen?

 

[Truthmatters]

If cutting taxes for the rich creates jobs why is unemployment still where it is?

Your avatar is nice

The tax policy in this country is broke
if you have a tax policy that punishes everyone for success, its broke
PERIOD
Florida and Texas has a sales tax system that works I think we should be using

If you think about taxes
your saying the higher the tax rate the more you think Obama can spend your money better than you can
The Dems has every one thinking this about the rich people
I make 75k a year and have 4,000 less in bring home income under Clinton than I do under Bush

thats 32,000 sense Bushes tax policy took place
You want to tax the "rich" 39%
you think a person who has enough wealth that he will have 200,000 in taxable income is going to allow that wealth to be taxed?
I have little chance to hide mine
The "rich' guy has all kinds of avenues he can "hide" his

Taxes are such a small chunk of what the greed of the dot com bubble
9-11
Enron's and the housing crises does to us

Again as i see it the whole system is broke any way

Pleased explain why the tax history in this country does not line up with your stated myth?

 

[8537]

We cut taxes on the rich?

yes.

When did this happen?

March of 2009. It was part of the stimulus package.

 

[Soggy in NOLA]

yes.

When did this happen?

March of 2009. It was part of the stimulus package.

They cut taxes? I don't recall a tax cut for the wealthy in 2009.

 

[8537]

When did this happen?

March of 2009. It was part of the stimulus package.

They cut taxes? I don't recall a tax cut for the wealthy in 2009.

The stimulus package contained around $300B in tax cuts including items such as a payroll tax deduction, sales tax deductions for vehicle purchases and an extension of the AMT patch. All of those, and others, cut taxes for the rich.

 

[Soggy in NOLA]

Funny, every chart I find shows the t op rate @ 35% since 2003.... it was onl 3.6% higher the years before.

 

[Soggy in NOLA]

March of 2009. It was part of the stimulus package.

They cut taxes? I don't recall a tax cut for the wealthy in 2009.

The stimulus package contained around $300B in tax cuts including items such as a payroll tax deduction, sales tax deductions for vehicle purchases and an extension of the AMT patch. All of those, and others, cut taxes for the rich.

Oh I see, they only affected the rich. Gotcha.