Intel CEO: "Jobs will not be created here" and says Obama's to blame.

[Toro]

The root cause is the Federal Reserve.

I think there are many reasons for the Financial Crisis, but this is the main one.

 

[uscitizen]

As I have said for several years.
The golden age of America is past.
We sttruggle for a t least a few decades now folks.

 

[rdean]

The truth is, for whatever reason, when Clinton was president, 26 million jobs were created.

Under Bush, with all his trillions in unpaid for tax cuts, ONLY 3 million were created. Just before Bush left office, jobs were lost at the rate of 750,000 a month. It only took four months to lose all of the jobs that trillions in Republican tax cuts were supposed to create.

This is what Obama inherited. It's not like it's ancient history. IT JUST HAPPENED!

http://voices.washingtonpost.com/political-economy/2010/08/cbo_says_stimulus_may_have_add.html

CBO says stimulus may have added 3.3 million jobs
By Lori Montgomery

President Obama's much-maligned economic stimulus package added as many as 3.3 million jobs to the economy during the second quarter of this year, and may have prevented the nation from lapsing back into recession, according to a report released Tuesday by the non-partisan Congressional Budget Office.

 

[eagleseven]

The truth is, for whatever reason, when Clinton was president, 26 million jobs were created.

We have economists and financial analysts so uneducated laypersons do not confuse correlation for causation.

 

[boedicca]

I'm all for lower corporate income taxes, but much of this argument is disingenuous because the effective corporate income tax rate is much lower than 35%.

Of course it is. The tax code has become larded with inane deductions and credits used to reward, punish, and socially engineer society. Mega corps have big tax staffs to handle this mess and design tax mitigation legal structures. It's the small companies that can't afford the intricate tax structures etc. that end up getting stuck paying the high rates when they are profitable.

 

[rdean]

The truth is, for whatever reason, when Clinton was president, 26 million jobs were created.

We have economists and financial analysts so uneducated laypersons do not confuse correlation for causation.

But Bush was oh so much more recent.

 

[eagleseven]

The truth is, for whatever reason, when Clinton was president, 26 million jobs were created.

We have economists and financial analysts so uneducated laypersons do not confuse correlation for causation.

But Bush was oh so much more recent.

What's the price of beans in China?

 

[FireFly]

The UK Cut Government Spending & their Economy Grew More Than First Thought.

We increased Government spending & our Economy is not growing as much as first thought.

Go Figure.

 

[boedicca]

Too bad the Democrats don't have a leader like JFK any longer. A few selected quotes:


"It is no contradiction – the most important single thing we can do to stimulate investment in today's economy is to raise consumption by major reduction of individual income tax rates."

– John F. Kennedy, Jan. 21, 1963, annual message to the Congress: "The Economic Report Of The President"

"Our tax system still siphons out of the private economy too large a share of personal and business purchasing power and reduces the incentive for risk, investment and effort – thereby aborting our recoveries and stifling our national growth rate."

– John F. Kennedy, Jan. 24, 1963, message to Congress on tax reduction and reform, House Doc. 43, 88th Congress, 1st Session.

Our present tax system ... exerts too heavy a drag on growth ... It reduces the financial incentives for personal effort, investment, and risk-taking ... The present tax load ... distorts economic judgments and channels an undue amount of energy into efforts to avoid tax liabilities."

– John F. Kennedy, Nov. 20, 1962, press conference

"The present tax codes ... inhibit the mobility and formation of capital, add complexities and inequities which undermine the morale of the taxpayer, and make tax avoidance rather than market factors a prime consideration in too many economic decisions."

– John F. Kennedy, Jan. 23, 1963, special message to Congress on tax reduction and reform

"In short, it is a paradoxical truth that ... the soundest way to raise the revenues in the long run is to cut the rates now. The experience of a number of European countries and Japan have borne this out. This country's own experience with tax reduction in 1954 has borne this out. And the reason is that only full employment can balance the budget, and tax reduction can pave the way to that employment. The purpose of cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus."

– John F. Kennedy, Nov. 20, 1962, news conference

John F. Kennedy on taxes



IOW: It's The Jobs, Stupid.

 

[sealybobo]

"Unless government policies are altered, he predicted, "the next big thing will not be invented here. Jobs will not be created here."


"Intel CEO Paul Otellini, who warned this week that the U.S. faces a huge tech decline.

"(Credit: Intel) The U.S. legal environment has become so hostile to business, Otellini said, that there is likely to be "an inevitable erosion and shift of wealth, much like we're seeing today in Europe--this is the bitter truth."

"Not long ago, Otellini said, "our research centers were without peer. No country was more attractive for start-up capital... We seemed a generation ahead of the rest of the world in information technology. That simply is no longer the case."


Intel CEO: U.S. faces looming tech decline | Politics and Law - CNET News

Gosh, exactly what was predicted. Imagine that.

Trump gave corporations a huge tax break and all we get is this?

U.S. Economy Added Only 103,000 Jobs In March