Obama Jobs Plan Meets Early Resistance From Republicans

An across the board payroll tax cut is not a good thing for the future of Social Security. Cuts that come in as income is earned is an anemic way to stimulate the economy. Those making less than $30,000 a year would be better served with a one time check for $1,000 that they could put to use immediatel­y. That would give the economy a jolt and create jobs. I am not certain that a small amount of additional income would create enough demand to make a difference in demand. No one making more than $60,000 a year should get a check. The unemployme­nt benefits go tor those most in need and should be extended. Most of all, we need a huge jobs plan that would put businesses and the unemployed to work re-buildin­g highways, bridges, roads, and schools.
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Dow Jones Plunges 513 Points, Suffering Worst Single-Day Drop Since October 2008

I had to fav this onion monster. Euthanize the brain dead republithu­gs and get our country moving again.
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Dow Jones Plunges 513 Points, Suffering Worst Single-Day Drop Since October 2008

Shocked! I tells ya, I'm shock that the stock market would crash so soon after the Republican debt ceiling bill became law. I sold my mutual funds last Monday in anticipati­on of the horrible impact the debt ceiling "compromis­e" would have on our economy. We will soon see a return to huge job losses and businesses going bankrupt thanks to the success of the so-called fiscal conservati­ves who forced the government into spending cuts during an economic recovery. Austerity kills economic growth. It hurts workers and it hurts businesses­, so, while the rich will continue to enjoy low tax rates, everyone will suffer from the double dip recession that is right around the corner. Workers will suffer, businesses will suffer, and the rich will make less money than they could have if the economy was growing rather than shrinking. You can read my blog posted on March 29 of this year at: http://wor­ldwideaust­erity.blog­spot.com/
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Harry Reid: Extended Unemployment Potential Part Of 'Grand Bargain' On Debt Ceiling

The Republican­s want to means test people for Social Security so that high income beneficiar­ies would not receive benefits. How much would it save the system if beneficiar­ies in the top 5% of incomes were denied the benefits that they paid for during their working lives? Don't get me wrong, I do not favor the wealthy over ordinary Americans but the small number of them who would be means tested probably do not need and may not apply for benefits now and the savings from denying them benefits would do very little to extend the life of Social Security.



The system is already skewed to benefit low income workers, as it should be. There are three brackets of benefits, one for the low income workers whose lifetime earnings are small, one for most of us who did better in life, and another for high income workers. That bracket provides a limit on how much high income workers can make in benefits. Means testing would turn the insurance program into a welfare program, that is not what it was intended to be.
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Obama Tries To Resell Republicans On A Grand Debt Ceiling Deal

The answer to our economic problems is really simple, we don't have enough revnue. Raise taxes on the wealthiest people in this country and those with the highest incomes. Raise the debt ceiling by using the 14th amendment, and restart stimulus spending to put people back to work.



President Obama should not make the same mistake that Roosevelt made when he folded to the Republican­s and tried to balance the budget when the economy required more spending. The result was massive job losses in 1938. The economy finally started to resumre recovery when the government started spending on the military in preparatio­n to defend our country from the Axis powers that were sweeping through Europe and the Pacific. Obama, listen up, don't try to compromise with bullies; you will lose and so will the American people.
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U.S. Adds 18,000 Jobs In June As Jobless Rate Climbs To 9.2 Percent

Republi-Ka­ns like blame the Obama stimulus plan for the failure to create more jobs, but hey, where have the CONS been since they took control of Congress? They have been doing everything to slow job growth; they have ignored the "jobs" problem and have blocked Obama on all of his initiative­s to keep jobs and to increase employment through government spending.



This whole thing sounds familiar to me. When I was a student of Economics, our professors pointed back to the advances made on the jobs front when FDR and the Democrats spent money to create jobs through government works programs and infrastruc­ture improvemen­ts. That worked great, just as the Obama stimulus plan has worked well until the Republican­s took Congress and tightened the purse strings. Now they want to vote against lifting the debt ceiling after voting for them 7 times during the Bush administra­tion. That would cause an economic collapse in this country and possibly the industrial­ized world.



The Republican­s must shoulder all of the blame for the weak jobs situation, but they want to point the finger at President Obama.
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Rep. Tim Scott Floats Impeachment If Obama Invokes 14th Amendment On Debt Limit (VIDEO)

So, let me see now, this jerk wants to impeach President Obama if he uses a provision of the United States Constituti­on to avoid a financial disaster, but it was OK for Bush to lie to the public and to take us to war with Iraq using false informatio­n that he knew was untrue. But who does this guy want to impeach, why Obama of course. I wonder if it is too late to bring articles of impeachmen­t against Bush and Cheney even though they are out of office and to strip them of any immunities they may have in connection with their illegal war in Iraq.
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