Why is it the left thinks the gop promised jobs? Further more

[JRK]

That's generally not how it works.

Then how does it work?
whose wealth is it that we are using to create these jobs?

Depends on what industry you are talking about.

Why is it we do not discuss the oil industry?
we complain about sending jobs over seas, except for the oil industry
N Dakota just had the largest oil deposit ever found in this country and the amount of oil shale in this country is plentiful

Massive Oil Deposit Could Increase US reserves by 10x

 

[8537]

What's velocity got to do with it other than the democrats can spend money faster than anyone I've ever seen'

What's the velocity got to do with it? Well, let's see: It's the primary monetary driver of economic growth? Oh, right.

How much do you think the economy would grow if we all stuffed our savings under our mattress and had a month of spending zero dollars on anything?

 

[JRK]

better question is how much in savings would anyone have if I lose another 70.00 a week if my taxes go back to the rate Clinton had (the same rate Obama wants to use)
Is that not lets say a 140.00 swing in wealth?
70.00 less to invest? (you call it save)
70.00 then less then to spend?

every action has a reaction
lost wealth means lost tax revenue
if you hit me for 5% on income tax the you lose that much at some point in time to capital gains and the state then loses it in sales

 

[cutter]

What's velocity got to do with it other than the democrats can spend money faster than anyone I've ever seen'

What's the velocity got to do with it? Well, let's see: It's the primary monetary driver of economic growth? Oh, right.

How much do you think the economy would grow if we all stuffed our savings under our mattress and had a month of spending zero dollars on anything?

Money must move to keep our economy healthy but that money must move from the private sector to the workers to the economy with just enough being taken by the government to keep the government functioning. The government doesn't move any money without taking it out of the economy first through taxation. As for people saving some of that money, that should be where banks get the money to loan out for home and auto loans that keep the economy moving. We have come to a time now where nobody saves money and all the loans now are made with money created by the FED out of thin air. Our economy will never be healthy until we get back to smaller government with fewer workers, and workers in the private sector saving enough so the banks can make loans without borrowing from the FED. The Government cannot create a job that sustains itself with-out taxing another worker to pay for it. The Government now has 14 trillion in debt, that's a lot of money to move through the economy. Can you really say that has made our economy healthy?
Now I'll be the first to admit I'm no economist, but I think I do have a fair amount of common sense, it just seems to me if you take $10mil from someone and then give them $10mil back (less what the gov needs to function) no extra money goes into the economy.

 

[8537]

What's velocity got to do with it other than the democrats can spend money faster than anyone I've ever seen'

What's the velocity got to do with it? Well, let's see: It's the primary monetary driver of economic growth? Oh, right.

How much do you think the economy would grow if we all stuffed our savings under our mattress and had a month of spending zero dollars on anything?

Money must move to keep our economy healthy but that money must move from the private sector to the workers to the economy with just enough being taken by the government to keep the government functioning. The government doesn't move any money without taking it out of the economy first through taxation.

It doesn't matter if the money moves via government, a nonprofit, or a homeles guy on the street - and in our current situation, we are not "taking it from taxpayers". We are finding people willing to exchange dollars for notes, a decision that they feel is in their own economic self interest, a decision they feel is the most productive use of their resources at a given time.

As for people saving some of that money, that should be where banks get the money to loan out for home and auto loans that keep the economy moving. We have come to a time now where nobody saves money and all the loans now are made with money created by the FED out of thin air.

^That is simply not true. There are hundreds of billions in loanable deposits in banks across the country. the current problem isn't a lack of savings (the savings rates has quadrupled in the past couple years). The problem is a lack of demand.

Our economy will never be healthy until we get back to smaller government with fewer workers, and workers in the private sector saving enough so the banks can make loans without borrowing from the FED. The Government cannot create a job that sustains itself with-out taxing another worker to pay for it. The Government now has 14 trillion in debt, that's a lot of money to move through the economy. Can you really say that has made our economy healthy?

Has running up 14T in deficits made our economy healthy? Probably not. There's more than one way to avoid such huge deficits.

Now I'll be the first to admit I'm no economist, but I think I do have a fair amount of common sense, it just seems to me if you take $10mil from someone and then give them $10mil back (less what the gov needs to function) no extra money goes into the economy.

There are two ways to increase production on the monetary side: increase the amount of dollars in the system, and increase the rate at which those dollars change hands. During a flight to safety when real bond rates are virtually negative, the government can play a role in one or both of those.

 

[JRK]

Obama stimulus was to delay the very event that is going on in Wisconsin today
How can I better make an example of how the govt cannot create jobs

 

[cutter]

Judge Napolitiano said it best on Beck today; " The private sector creates wealth, The Government consumes wealth"

 

[8537]

Judge Napolitiano said it best on Beck today; " The private sector creates wealth, The Government consumes wealth"

When I'm looking for good economic information, I turn to a rightwing judge on Glenn Beck's show.

What could possibly go wrong there?

 

[Uncensored2008]

When I'm looking for good economic information, I turn to a rightwing judge on Glenn Beck's show.

What could possibly go wrong there?

Gee, I figured you'd pull it out of your ass, or read Krugman - same difference.

 

[PLYMCO_PILGRIM]

As a true conservative we believe that the creation of jobs comes from lower taxes as well as less regulation in areas we can without turning the wolves of greed loose (see glass/steagall

As I recall the promise of 2010 mid terms was simple
stop the bleeding in the form of printed money as well as de funding/re-calling Obama care. I see there has been some other areas they have went after that were not promised

Jobs are not created by the Govt doing anything, the less they do to the the private sector the more jobs the private sector will create. Every job the Govt creates takes more wealth from the private sector
Legacy cost of federal employees are an item that has seen its day, this is used just for an example

This post and the one immediately after it made me think of this video

 

[8537]

When I'm looking for good economic information, I turn to a rightwing judge on Glenn Beck's show.

What could possibly go wrong there?

Gee, I figured you'd pull it out of your ass, or read Krugman - same difference.

Well, if I pull it out of my own ass it will involve more economic knowledge than Glenn Beck or Judge Napolitano (admittedly, that's setting a pretty low bar)

 

[JRK]

The gaol of the professional liberal (closet socialist) is to throw one of subject. My thread was simple
The GOP that was elected promised to stop Obama. They have
As far as creating jobs
lower taxes
less regulations
and drill baby drill

its not rocket science

 

[beowolfe]

As a true conservative we believe that the creation of jobs comes from lower taxes as well as less regulation in areas we can without turning the wolves of greed loose (see glass/steagall

As I recall the promise of 2010 mid terms was simple
stop the bleeding in the form of printed money as well as de funding/re-calling Obama care. I see there has been some other areas they have went after that were not promised

Jobs are not created by the Govt doing anything, the less they do to the the private sector the more jobs the private sector will create. Every job the Govt creates takes more wealth from the private sector
Legacy cost of federal employees are an item that has seen its day, this is used just for an example

You have a selective memory. They promise that creating jobs would be their job #1. But they also promise other things as the job #1. What they didn't promise as their job #1 is what they are actually doing as their job #1.

 

[Vanquish]

The gaol of the professional liberal (closet socialist) is to throw one of subject. My thread was simple
The GOP that was elected promised to stop Obama. They have
As far as creating jobs
lower taxes
less regulations
and drill baby drill

its not rocket science

Apparuntlee it IZ rocket science. You are selectively remember what the politicians said ...to win points for your side. Nice pandering.

 

[JRK]

The gaol of the professional liberal (closet socialist) is to throw one of subject. My thread was simple
The GOP that was elected promised to stop Obama. They have
As far as creating jobs
lower taxes
less regulations
and drill baby drill

its not rocket science

Apparuntlee it IZ rocket science. You are selectively remember what the politicians said ...to win points for your side. Nice pandering.

taxes are ok
regulations for nukes and coal burners are a problem
drill baby drill is dead
so what is it thats rocket science can do to fix this?

 

[JRK]

As a true conservative we believe that the creation of jobs comes from lower taxes as well as less regulation in areas we can without turning the wolves of greed loose (see glass/steagall

As I recall the promise of 2010 mid terms was simple
stop the bleeding in the form of printed money as well as de funding/re-calling Obama care. I see there has been some other areas they have went after that were not promised

Jobs are not created by the Govt doing anything, the less they do to the the private sector the more jobs the private sector will create. Every job the Govt creates takes more wealth from the private sector
Legacy cost of federal employees are an item that has seen its day, this is used just for an example

You have a selective memory. They promise that creating jobs would be their job #1. But they also promise other things as the job #1. What they didn't promise as their job #1 is what they are actually doing as their job #1.

Look why the lying?
you got a link besides u-tube?
I cannot open u tube
I mean the republican party member who gets elected later saying nothing about obama and his agenda getting stopped and all of it to do with jobs?
anyone can pick one little snippet in a 2 hour rant about stopping Obama
Stopping Obama is putting job creation first any-way

 

[Vanquish]

Wis. GOP governor-elect makes bold jobs promise - Bloomberg

That's just one of multiple places I could cite you to. Of COURSE they promised jobs. Now you political game players want to back out on the responsibility.

Where's the accountability? Where's the personal responsibility? WHERE ARE THE JOBS!!!??

 

[Vanquish]

Sorry double post...

so here's another citation:

http://www.msnbc.msn.com/id/38593566/ns/meet_the_press-transcripts/

 

[JRK]

Wis. GOP governor-elect makes bold jobs promise - Bloomberg

That's just one of multiple places I could cite you to. Of COURSE they promised jobs. Now you political game players want to back out on the responsibility.

Where's the accountability? Where's the personal responsibility? WHERE ARE THE JOBS!!!??

Where are the jobs?
your asking the wrong people
The GOP voted against this for the most part
Obama Job Deficit=7.5 million | Scotty Starnes's Blog
now his job deficit is not as bad as this report, but the 1.3 trillion dollar slush fund failed (including tarp)
This is where the account is. I will say also I am very disturbed at the path some of the GOP in the new house has taken
we need spending cuts way beyond what there doing. That promise was what got them elected
In addition the tarp worked as GWB had intended it to beyond its wildest dreams, the 300 billion BHO got was the failed part

 

[Uncensored2008]

In addition the tarp worked as GWB had intended it to beyond its wildest dreams, the 300 billion BHO got was the failed part

How can you seriously say TARP worked?

TARP shielded the worst actors in the openly fraudulent subprime mess from the consequences of their actions.

If you went to Vegas and bet your house on "00" at the first table you came to, and lost - should the government cover your losses? If they do, then you bet THAT on "red" and actually win, so you can pay the money back - did the program "work?" Or did the program simply establish that reckless gambling is a great thing because it holds no risk at all?

TARP was worse than this, though. The sleaziest of the bankers, Chase, BofA and Obama's owners - Goldman Sachs not only raped the public by covering their gambling losses with our money, they then turned around and raped us again by jacking credit card interest rates up to 40% - open loan sharking with the blessing of both the Bush and the Obama administrations.

TARP was nothing more or less than a massive transfer of wealth from the American tax payer to the well connected looters.