White House Expects Persistently High Unemployment

dcbl

Good guys wear white hats
Joined
Aug 23, 2011
Messages
5,491
Reaction score
2,267
Points
400
Location
Bham, AL
The White House budget office forecast on Thursday that unemployment would remain at 9 percent through the 2012 presidential election year, an outlook that it said calls for the sort of the job-creating tax cuts and spending President Obama will propose next week.
link

Barry is going to give us tax cuts???

I'll believe it when I see it...
 

Grampa Murked U

Diamond Member
Joined
Jun 13, 2011
Messages
82,905
Reaction score
22,500
Points
2,205
Location
Kansas City
They also said growth was going to fall well below what they had predicted.

Not looking good for the ONE
 

Avorysuds

Gold Member
Joined
Jul 4, 2010
Messages
13,834
Reaction score
1,658
Points
245
Location
Eugene Oregon
Great, another President that believes in cutting taxes while spending more... Where did the fuckers go to school because it seems that it left no time for them to experience the real world.
 

get_involved

Gold Member
Joined
Jul 16, 2009
Messages
2,046
Reaction score
427
Points
130
It's not Obama's fault. It's Bush, the Tea Party, Congress, Wall Street, Talk radio, Fox news, and bad luck.

 

Charles_Main

AR15 Owner
Joined
Jun 23, 2008
Messages
16,692
Reaction score
2,248
Points
88
Location
Michigan, USA
The White House budget office forecast on Thursday that unemployment would remain at 9 percent through the 2012 presidential election year, an outlook that it said calls for the sort of the job-creating tax cuts and spending President Obama will propose next week.
link

Barry is going to give us tax cuts???

I'll believe it when I see it...
Don't be surprised if he does. I can't see why he would have called a for a Joint session so he could deliver on his long awaited New Jobs Plan. Just to recycle more of the same old Tired Spending Plans.

Don't forget Obama is a pragmatist first and a socialist second. If he think he has to do it to win re-election. He could very well unveil a plan Thursday that is a very serious departure from what we all expect.

I say if the Desire to be re-elected is what it takes to get him to do something that will actually help create Jobs and not just buy some temporary GDP growth and a bunch of more debt. Then fuck yeah, I'll take it.

However so far everything I have heard tells me what Obama is actually going to do is ask for a massive new stimulus that he knows full well has no chance of actually passing. So he can then campaign on the fact that "Republicans" Blocked his efforts to "fix" the economy.

That's my guess anyways, though I hope it is the first Option really.
 
Last edited:

auditor0007

Gold Member
Joined
Oct 19, 2008
Messages
12,566
Reaction score
2,265
Points
255
Location
Toledo, OH
The White House budget office forecast on Thursday that unemployment would remain at 9 percent through the 2012 presidential election year, an outlook that it said calls for the sort of the job-creating tax cuts and spending President Obama will propose next week.
link

Barry is going to give us tax cuts???

I'll believe it when I see it...
Don't be surprised if he does. I can't see why he would have called a for a Joint session so he could deliver on his long awaited New Jobs Plan. Just to recycle more of the same old Tired Spending Plans.

Don't forget Obama is a pragmatist first and a socialist second. If he think he has to do it to win re-election. He could very well unveil a plan Thursday that is a very serious departure from what we all expect.

I say if the Desire to be re-elected is what it takes to get him to do something that will actually help create Jobs and not just buy some temporary GDP growth and a bunch of more debt. Then fuck yeah, I'll take it.

However so far everything I have heard tells me what Obama is actually going to do is ask for a massive new stimulus that he knows full well has no chance of actually passing. So he can then campaign on the fact that "Republicans" Blocked his efforts to "fix" the economy.

That's my guess anyways, though I hope it is the first Option really.
Pretty depressing to see that even Obama has fallen for the idea that tax cuts will get the economy moving again. As I've said before, we've cut taxes to the bare bones and have seen nothing in return. Tax cuts are not the answer and will only increase our deficit spending. If we are going to deficit spend, at least do it on infrastructure where Americans will be able to see where their money went. Otherwise, raise taxes a small amount, cut spending to reasonable levels, and then ride the damn storm out for the next ten years, because that is how long it's going to be before we see any drastic improvement.
 

Charles_Main

AR15 Owner
Joined
Jun 23, 2008
Messages
16,692
Reaction score
2,248
Points
88
Location
Michigan, USA
link

Barry is going to give us tax cuts???

I'll believe it when I see it...
Don't be surprised if he does. I can't see why he would have called a for a Joint session so he could deliver on his long awaited New Jobs Plan. Just to recycle more of the same old Tired Spending Plans.

Don't forget Obama is a pragmatist first and a socialist second. If he think he has to do it to win re-election. He could very well unveil a plan Thursday that is a very serious departure from what we all expect.

I say if the Desire to be re-elected is what it takes to get him to do something that will actually help create Jobs and not just buy some temporary GDP growth and a bunch of more debt. Then fuck yeah, I'll take it.

However so far everything I have heard tells me what Obama is actually going to do is ask for a massive new stimulus that he knows full well has no chance of actually passing. So he can then campaign on the fact that "Republicans" Blocked his efforts to "fix" the economy.

That's my guess anyways, though I hope it is the first Option really.
Pretty depressing to see that even Obama has fallen for the idea that tax cuts will get the economy moving again. As I've said before, we've cut taxes to the bare bones and have seen nothing in return. Tax cuts are not the answer and will only increase our deficit spending. If we are going to deficit spend, at least do it on infrastructure where Americans will be able to see where their money went. Otherwise, raise taxes a small amount, cut spending to reasonable levels, and then ride the damn storm out for the next ten years, because that is how long it's going to be before we see any drastic improvement.


I actually agree that tax cuts are not really what we need. Except I do believe a temporary suspension of the Capital Gains tax could be a real Boost to Investment in the US. I also think we need to lower the Cooperate Tax Rate which is one of the Highest in the world. Now before you screen Cooperation's pay no Taxes. I also want to see reform of all the loop holes so that what ever the new Lower Rate is, Is actually being Paid. I am a Firm believer in the Idea that Cooperate Taxes are nothing but a hidden Tax on the American People. It is only common sense that cooperation's offset the cost of taxes by charging us more. So in effect all they are doing is collecting a tax that the People are paying.

What we need is a review of Regulations to make them effective yet less burdensome on Business. Especially those that make it harder, or more expensive to expand. We need to Repeal Obamacare and Replace it with something that actually works and does not just Reward Insurance companies, and Burden Employers. We need to create an environment that Business wants to be in, and can thrive in. Or business will simply go elsewhere, as they have been for Decades now.
 
OP
dcbl

dcbl

Good guys wear white hats
Joined
Aug 23, 2011
Messages
5,491
Reaction score
2,267
Points
400
Location
Bham, AL
pretty sure I posted this in Economy earlier today :p
OK - found your thread, I like my title better though (which mirrors the NYT article title)

It's good to know that Barry & his administration EXPECT persistently high unemployment...
 

Sallow

The Big Bad Wolf.
Joined
Oct 4, 2010
Messages
56,532
Reaction score
6,241
Points
1,840
Location
New York City
The White House budget office forecast on Thursday that unemployment would remain at 9 percent through the 2012 presidential election year, an outlook that it said calls for the sort of the job-creating tax cuts and spending President Obama will propose next week.
link

Barry is going to give us tax cuts???

I'll believe it when I see it...
Who is Barry?
 
OP
dcbl

dcbl

Good guys wear white hats
Joined
Aug 23, 2011
Messages
5,491
Reaction score
2,267
Points
400
Location
Bham, AL
I actually agree that tax cuts are not really what we need. Except I do believe a temporary suspension of the Capital Gains tax could be a real Boost to Investment in the US. I also think we need to lower the Cooperate Tax Rate which is one of the Highest in the world. Now before you screen Cooperation's pay no Taxes. I also want to see reform of all the loop holes so that what ever the new Lower Rate is, Is actually being Paid. I am a Firm believer in the Idea that Cooperate Taxes are nothing but a hidden Tax on the American People. It is only common sense that cooperation's offset the cost of taxes by charging us more. So in effect all they are doing is collecting a tax that the People are paying.

What we need is a review of Regulations to make them effective yet less burdensome on Business. Especially those that make it harder, or more expensive to expand. We need to Repeal Obamacare and Replace it with something that actually works and does not just Reward Insurance companies, and Burden Employers. We need to create an environment that Business wants to be in, and can thrive in. Or business will simply go elsewhere, as they have been for Decades now.
I actually gave pretty strong consideration to voting for Governor Moonbeam back in 1992 because he was advocating for a flat tax (I THINK I am distantly related to 'ole Jerry - like 15th cousins thrice removed)

You are spot on about corporate taxes. Personal taxes? Reagan got 'em to 28% - do I hear 25%??

Obviously, we can't cut taxes to ZERO, but revenues have increased when we've lowered taxes before...
 
OP
dcbl

dcbl

Good guys wear white hats
Joined
Aug 23, 2011
Messages
5,491
Reaction score
2,267
Points
400
Location
Bham, AL
The White House budget office forecast on Thursday that unemployment would remain at 9 percent through the 2012 presidential election year, an outlook that it said calls for the sort of the job-creating tax cuts and spending President Obama will propose next week.
link

Barry is going to give us tax cuts???

I'll believe it when I see it...
Who is Barry?
Oh - that's my affectionate nickname for our CIC - Barrack Hussein Obama bin Laden!!
 

Sallow

The Big Bad Wolf.
Joined
Oct 4, 2010
Messages
56,532
Reaction score
6,241
Points
1,840
Location
New York City
Don't be surprised if he does. I can't see why he would have called a for a Joint session so he could deliver on his long awaited New Jobs Plan. Just to recycle more of the same old Tired Spending Plans.

Don't forget Obama is a pragmatist first and a socialist second. If he think he has to do it to win re-election. He could very well unveil a plan Thursday that is a very serious departure from what we all expect.

I say if the Desire to be re-elected is what it takes to get him to do something that will actually help create Jobs and not just buy some temporary GDP growth and a bunch of more debt. Then fuck yeah, I'll take it.

However so far everything I have heard tells me what Obama is actually going to do is ask for a massive new stimulus that he knows full well has no chance of actually passing. So he can then campaign on the fact that "Republicans" Blocked his efforts to "fix" the economy.

That's my guess anyways, though I hope it is the first Option really.
Pretty depressing to see that even Obama has fallen for the idea that tax cuts will get the economy moving again. As I've said before, we've cut taxes to the bare bones and have seen nothing in return. Tax cuts are not the answer and will only increase our deficit spending. If we are going to deficit spend, at least do it on infrastructure where Americans will be able to see where their money went. Otherwise, raise taxes a small amount, cut spending to reasonable levels, and then ride the damn storm out for the next ten years, because that is how long it's going to be before we see any drastic improvement.


I actually agree that tax cuts are not really what we need. Except I do believe a temporary suspension of the Capital Gains tax could be a real Boost to Investment in the US. I also think we need to lower the Cooperate Tax Rate which is one of the Highest in the world. Now before you screen Cooperation's pay no Taxes. I also want to see reform of all the loop holes so that what ever the new Lower Rate is, Is actually being Paid. I am a Firm believer in the Idea that Cooperate Taxes are nothing but a hidden Tax on the American People. It is only common sense that cooperation's offset the cost of taxes by charging us more. So in effect all they are doing is collecting a tax that the People are paying.

What we need is a review of Regulations to make them effective yet less burdensome on Business. Especially those that make it harder, or more expensive to expand. We need to Repeal Obamacare and Replace it with something that actually works and does not just Reward Insurance companies, and Burden Employers. We need to create an environment that Business wants to be in, and can thrive in. Or business will simply go elsewhere, as they have been for Decades now.
Ah so like most conservatives you favor cars that blow up when tapped in the rear, milk made out of gypsum, filthy air and water, and products that either make you sick or help you to grow a third eye.

No thanks.

I am for the "burdensome" regulations.

Keeps stuff like TARP from happening.

Silly me..cause I think in the long run.."burdensome" regulations save lives and money.
 

Sallow

The Big Bad Wolf.
Joined
Oct 4, 2010
Messages
56,532
Reaction score
6,241
Points
1,840
Location
New York City
link

Barry is going to give us tax cuts???

I'll believe it when I see it...
Who is Barry?
Oh - that's my affectionate nickname for our CIC - Barrack Hussein Obama bin Laden!!
Bin Laden? Isn't that the guy President Barack Obama effectively took out? Isn't that the guy who half brother had a business with our former President? You know, the guy's who's daddy funded him and his merry band of religious zealots when they were fightin' the Russians?

That guy?

[ame=http://www.youtube.com/watch?v=4PGmnz5Ow-o]Bush: Truly not concerned about bin Laden (short version) - YouTube[/ame]

:lol:
 

Claudette

Diamond Member
Joined
Nov 3, 2009
Messages
38,890
Reaction score
9,188
Points
1,330
Yep. Bin Laden. The guy the SEALS took out. You know after all that Bush era intel came to fruition.

Oh yeah. Barry gave the Okay. Way ta go Barry.
 

editec

Mr. Forgot-it-All
Joined
Jun 5, 2008
Messages
41,421
Reaction score
5,660
Points
48
Location
Maine
The White House budget office forecast on Thursday that unemployment would remain at 9 percent through the 2012 presidential election year, an outlook that it said calls for the sort of the job-creating tax cuts and spending President Obama will propose next week.
link

Barry is going to give us tax cuts???

I'll believe it when I see it...
You haven't heard?

He already has.

I presume that your ignorance must mean you do not have a job, right?

That or you work but don't pay payroll taxes

That PAYROLL tax cut law was passed Dec. 17. 2010

Tax Cut Help for the Math Challenged

 

New Topics

Most reactions - Past 7 days

Forum List

Top