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

[8537]

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.

Who said they only affected the rich?

 

[JRK]

yes.

When did this happen?

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

do what?
man you never stop
Individual Tax Breaks in the Stimulus Bill

Now that bull shit's out of the way

That job stimulus was the same of having another 350 billion+ in revenue (per year) plus another 100-200 billion + from tarp to stimulate the economy (Gm/Gmac got close to 75 billion alone. much of it from Obama)
lets call a total of additional govt spending of 925 billion in 2 years
same as raising our taxes 650 billion (tax cuts 275 billion) and what has it done?


Obama's $825B stimulus plan includes spending, tax cuts - USATODAY.com
Much of the $275 billion in tax cuts would go to middle-income families in the form of $1,000 tax cuts ($500 for individuals). An array of business and other tax cuts would make up the remainder.

 

[Mr.Nick]

Because the stimulus was nothing more than a union bailout, and a payoff to democrat politicians that got Obama elected - thats why it failed!

The stimulus was NEVER meant to create jobs - only keep unions afloat in this fucked up economy.

Ever hear of cash for clunkers??

That was another bold payout to unions.

Obama takes over GM, then stimulates UAW by getting used cars off the road and giving people vouchers to buy brand new UAW made vehicles...

That motherfucker Obama pretty much created a demand for a union made product...

What did Obama do for the non-union private sector???? NOTHING - That motherfucker didn't do one damn thing to help the non-union private sector....

Oh and the kickers is - WE ALL PAID FOR IT.... We all paid to bailout the unions...

 

[Mr.Nick]

When did this happen?

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

do what?
man you never stop
Individual Tax Breaks in the Stimulus Bill

Now that bull shit's out of the way

That job stimulus was the same of having another 350 billion+ in revenue plus another 100-200 billion + from tarp to stimulate the economy
lets call a total of additional govt spending of 925 billion in 2 years
same as raising our taxes 650 billion (tax cuts 275 billion) and what has it done?


Obama's $825B stimulus plan includes spending, tax cuts - USATODAY.com
Much of the $275 billion in tax cuts would go to middle-income families in the form of $1,000 tax cuts ($500 for individuals). An array of business and other tax cuts would make up the remainder.

Yeah, if you meet certain criteria... In other words - if you satisfy government, you'll be thrown a few hundred bucks and a couple of credits..

Obama and his brainless minions in congress are so full of shit...

They look out for their own, they could give a rats ass about everyone - just their own base they care about.

 

[RDD_1210]

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

We cut taxes on the rich?

Sure did.

 

[PLYMCO_PILGRIM]

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

We cut taxes on the rich?

Sure did.

We cut taxes on ALL income groups with the Bush Tax Cuts. The rich got the smallest percentage tax cut while the poor got their entire federal income tax burden eliminated.

 

[Truthmatters]

Because the stimulus was nothing more than a union bailout, and a payoff to democrat politicians that got Obama elected - thats why it failed!

The stimulus was NEVER meant to create jobs - only keep unions afloat in this fucked up economy.

Ever hear of cash for clunkers??

That was another bold payout to unions.

Obama takes over GM, then stimulates UAW by getting used cars off the road and giving people vouchers to buy brand new UAW made vehicles...

That motherfucker Obama pretty much created a demand for a union made product...

What did Obama do for the non-union private sector???? NOTHING - That motherfucker didn't do one damn thing to help the non-union private sector....

Oh and the kickers is - WE ALL PAID FOR IT.... We all paid to bailout the unions...

The stimulus worked according to the best economists in the world.


Lying about it wont change that.

 

[Truthmatters]

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."

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

 

[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

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

I know as a liberal it is hard
But what is this myth?
if your going to accuse a man of something please tell him what the myth is

 

[8537]

When did this happen?

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

do what?
man you never stop
Individual Tax Breaks in the Stimulus Bill

Now that bull shit's out of the way

That job stimulus was the same of having another 350 billion+ in revenue (per year) plus another 100-200 billion + from tarp to stimulate the economy (Gm/Gmac got close to 75 billion alone. much of it from Obama)
lets call a total of additional govt spending of 925 billion in 2 years
same as raising our taxes 650 billion (tax cuts 275 billion) and what has it done?


Obama's $825B stimulus plan includes spending, tax cuts - USATODAY.com
Much of the $275 billion in tax cuts would go to middle-income families in the form of $1,000 tax cuts ($500 for individuals). An array of business and other tax cuts would make up the remainder.

Thank you for proving that the stimulus package included tax breaks for the rich.

 

[RDD_1210]

We cut taxes on the rich?

Sure did.

We cut taxes on ALL income groups with the Bush Tax Cuts. The rich got the smallest percentage tax cut while the poor got their entire federal income tax burden eliminated.

Thanks for confirming that we did indeed cut taxes for the rich.

 

[JRK]

Sure did.

We cut taxes on ALL income groups with the Bush Tax Cuts. The rich got the smallest percentage tax cut while the poor got their entire federal income tax burden eliminated.

Thanks for confirming that we did indeed cut taxes for the rich.

I am un sure that anyone claimed we had not
The stimulus failed because the rich were part of a very small cut IF they fit into a certain category?
And that the additional 900 billion dollars the federal govt spent or will spend has no place in a thread that says
If higher taxes will create jobs, why did the stimulus fail?
The liberal thinks if we raise taxes we will raise revenue
that 900 billion Obama put us on the hook for is no different than raising taxes is it?

Why did it fail?

 

[PLYMCO_PILGRIM]

Sure did.

We cut taxes on ALL income groups with the Bush Tax Cuts. The rich got the smallest percentage tax cut while the poor got their entire federal income tax burden eliminated.

Thanks for confirming that we did indeed cut taxes for the rich.

I enjoy telling the whole truth

 

[Truthmatters]

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

This MYTH.

The stimulus worked according to the CBO and most respected economists

 

[RDD_1210]

We cut taxes on ALL income groups with the Bush Tax Cuts. The rich got the smallest percentage tax cut while the poor got their entire federal income tax burden eliminated.

Thanks for confirming that we did indeed cut taxes for the rich.

I am un sure that anyone claimed we had not
The stimulus failed because the rich were part of a very small cut IF they fit into a certain category?
And that the additional 900 billion dollars the federal govt spent or will spend has no place in a thread that says
If higher taxes will create jobs, why did the stimulus fail?
The liberal thinks if we raise taxes we will raise revenue
that 900 billion Obama put us on the hook for is no different than raising taxes is it?

Why did it fail?

Well you must have not read every post in this thread. There have been claims that we didn't cut taxes for the rich. True story, go take a look.

 

[Charles_Main]

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.

Media matters is all you got eh.

Please.

 

[The Rabbi]

The stimulus was not only a failure, it was a predicted failure. Many economists took out an ad in the WSJ before the bill was passed stating it would not work. They were right. Obama and his team were wrong.
If you screw up, you're out. Obama needs to be voted out of office in 2012. Simple as that.

 

[8537]

We cut taxes on ALL income groups with the Bush Tax Cuts. The rich got the smallest percentage tax cut while the poor got their entire federal income tax burden eliminated.

Thanks for confirming that we did indeed cut taxes for the rich.

I am un sure that anyone claimed we had not

You must be reading a different thread.

The stimulus failed because the rich were part of a very small cut IF they fit into a certain category?

Who said that?

And that the additional 900 billion dollars the federal govt spent or will spend has no place in a thread that says
If higher taxes will create jobs, why did the stimulus fail?

Who said that?

The liberal thinks if we raise taxes we will raise revenue
that 900 billion Obama put us on the hook for is no different than raising taxes is it?

Will we have to pay off the loans some day? Sure.

Will we pay it off in fewer real dollars than what we borrowed? Probably.

Would we owe more if we instead allowed the economy to collapse? Yes.

Why did it fail?

Who said it failed? Not me.

 

[Charles_Main]

Thanks for confirming that we did indeed cut taxes for the rich.

I am un sure that anyone claimed we had not
The stimulus failed because the rich were part of a very small cut IF they fit into a certain category?
And that the additional 900 billion dollars the federal govt spent or will spend has no place in a thread that says
If higher taxes will create jobs, why did the stimulus fail?
The liberal thinks if we raise taxes we will raise revenue
that 900 billion Obama put us on the hook for is no different than raising taxes is it?

Why did it fail?

Well you must have not read every post in this thread. There have been claims that we didn't cut taxes for the rich. True story, go take a look.

Of course Bush cut taxes for the rich, He also cut them for everyone else. One can make a very good argument that the positive effects of those cuts, were over shadowed by the Negative Direction of the Economy at the time. The Bush tax cuts did not cause the housing collapse, or the near collapse of the Banking system. They had nothing to do with it, and those things caused a serious down Turn in the economy. Which swallowed any positive effect from the Tax Cuts.

I know you libs will never admit or understand that. But those are the cold hard facts.

 

[The Rabbi]

Wow you are such an economic moron it is simply breathtaking. Never mind you derailed the thread to tax cuts for the wealthy (which didnt happen).
Your proposition is that if we didnt spend trillions of dollars on a failed stimulus we would owe more money? Hello? Are you nucking futs? Yes, I think so.
If we had done nothing we would have had a short more severe recession followed by a vigorous recovery.