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Tax Cuts Create Jobs

Does tax cuts for the rich really creates jobs?

Moderator - Yes, tax cuts at all income levels work. Tax increases reduce economic activity.

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Donna, you are not so naive believe that the financial mess in this country is caused by any one party.

Perhaps you are forgetting The Commodity Futures Modernization Act of 2000 (exempted derivatives from all oversight and regulation),
The Net Cap Rule Change of 2004 (aka Bear Stearns exemption) or the Repeal of Glass Steagall (1998) all changes that put financial markets and institutions at risk, all done under Republican leadership. There is enougth blame to go around.
---NurseRobert on 12/12/10


NR --- Yes that's right.
Unemployment went down first. And then, the last 2 yrs of his administration it went up, when the Democrats controlled Congress. Its' continued rise is attributable to many factors...the greatest being the sub-prime mortgage crisis and the housing market collapse.

Bush tried to prevent so many sub-prime mortgages by putting restrictions on Freddie and Fannie, but the Democrats in Congress over-ruled him.
---Donna66 on 12/11/10


Donna, so what your saying is the rate went down because of Bush, but up because of the democrats? Unemployment had already started trending up in 2001 and climbed astronomically by the end of Bush's time in office.
---NurseRobert on 12/10/10


NR--There were two tax cuts during the Bush administration. The 2003 tax cuts dropped unemployment to around 5%. Unemployment rose the last 2 years of the Bush administration when Democrats controlled Congress.
---Donna66 on 12/9/10


The people who create jobs get more of their own money to expand business and hire people.
---Donna66 on 12/8/10

That's the point, Donna, they haven't. Where are all the jobs (besides overseas)? It's been going this way since the Bush tax cuts went into effect. Congress has has many opportunities, in the last 10 years, to strengthen the economy.

And the tax deductions you doubt permits companies that close down factories and offices and move those jobs overseas to take a tax deduction for the costs associated with moving the jobs overseas. Interestingly enough, the republicans blocked a bill that would close those loopholes and keep jobs here.
---NurseRobert on 12/9/10




America's job problem is not caused by taxes or the lack thereof. The principal problem is the outsourcing(sending jobs overseas or to Mexico) what makes outsourcing so attractive to businessmen is the cost of labor. American business greed has robbed the middle class of its rightful place in the greatness of this country.
---mima on 12/9/10


NR---One reason tax cuts help the economy is that they give people more of their own money to spend.
I know you recognize the power of consumerism. The people who create jobs get more of their own money to expand business and hire people. But, as we've discussed, there are other factors that impact job creation. Few of those factors have been favorable of late.
---Donna66 on 12/8/10


NR--- American businesses pay a much higher business tax than those in any other country. I doubt that "tax deductions", if they exist, for moving operations overseas, mean much. Much MORE important is the fact that the cost of manufacturing and doing business in a foreign country is often MUCH less. Not only cheaper labor, but less bureaucratic red tape.

Some of the reason for outsourcing (and a scarcity of jobs) I've explained in my post to mike. On top of that, we had a crash in the RE market... big dip in all jobs construction related. Obama is not responsible for that. But he has not improved anything.
---Donna66 on 12/8/10


Mike--- Yes. //the reason why jobs are shipped to china is bec. of cheap labor. a labor in asia can be paid like $1.00/hr compared to americans like $20.00/hr//

Normally, you would expect "compassionate" liberals and others, to be so shocked by this disparity, that they would try to get better pay for the Chinese! But no, their unions still lobby
for higher pay and better benefits for themselves. Thus they give more encoragement for companies to outsource their work overseas.

Actually, the low pay of foreign workers can be a great improvement for them in their economy. And their labor allows Americans to buy almost all goods (at discount stores especially) for low prices. Are we grateful? I think not.
---Donna66 on 12/8/10


Nobody has been given a "tax cut" or "tax increase". Taxes will remain the same as they are now for a couple more years.
---Donna66 on 12/7/10

Which begs the question.. where are all the jobs these lower taxes were supposed to create?
---NurseRobert on 12/8/10




the reason why jobs are shipped to china is bec. of cheap labor. a labor in asia can be paid like $1.00/hr compared to americans like $20.00/hr
---mike on 12/8/10


Nobody has been given a "tax cut" or "tax increase". Taxes will remain the same as they are now for a couple more years.
---Donna66 on 12/7/10


High taxes on small businesses is the reason china has all our jobs. Each time I buy anything, I look to see just one more job taken away from our country. The quality of goods shipped in get an F.F.F.
---shira3877 on 12/7/10

This is not true. Companies found it cheaper to move jobs overseas because of labor rates. Also should be noted is the government granting tax deductions for these companies to move overseas.
---NurseRobert on 12/7/10


Republicans and Democrats agree to not repeal the tax cuts for another two years due to the weak economy, thus helping the economy from slowing down further.
---Moderator on 12/7/10

What you are quoting is only a small piece of the facts, therefore the conclusions you are drawing are incomplete and incorrect.
---Moderator on 12/7/10

Obama caved on rich people's tax cuts for two years in exchange for 13 months of extended unemployment insurance and other tax breaks. Those programs ended last week because Republicans and conservative Democrats have demanded that the $60B cost not be added to the deficit. So the repubs reauthorized it AND got their tax cuts, extending the deficit the republicans so constantly have decried.
---NurseRobert on 12/7/10


High taxes on small businesses is the reason china has all our jobs. Each time I buy anything, I look to see just one more job taken away from our country. The quality of goods shipped in get an F.F.F.
---shira3877 on 12/7/10


I'd be willing to just wait for a more predictable and friendly business climate.
---Donna66 on 12/7/10

Donna, how do you explain the downturn in employment BEFORE Obama became president? Companies were moving jobs overseas, with tax deductions to pay for it, long before the new administration. You cannot blame Obama for all of the unemployment problems now.
---NurseRobert on 12/7/10


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FYI update. Republicans and Democrats agree to not repeal the tax cuts for another two years due to the weak economy, thus helping the economy from slowing down further.
---Moderator on 12/7/10


Mike--It's mostly a matter of confidence....whether companies think they can take the risk of expanding.

They are under an administration who is intent on taxing businesses more, (nobody knows how much more) creating new rules for them with little or no warning, and is willing at any time to berate them and their officers publically.

If I had a business I think I'd be very cautious about expanding and taking more risk. We've learned the past two years that when the goal in Washington is to "transform" America, major changes can occur overnight. I'd be willing to just wait for a more predictable and friendly business climate.
---Donna66 on 12/7/10


Mike--It's mostly a matter of confidence....whether companies think they can take the risk of expanding.

They are under an administration who is intent on taxing businesses more, (nobody knows how much more) creating new rules for them with little or no warning, and is willing at any time to berate them and their officers publically.

If I had a business I think I'd be very cautious about expanding and taking more risk. We've learned the past two years that when the goal in Washington is to "transform" America, major changes can occur overnight. I'd be willing to just wait for a more predictable and friendly business climate.
---Donna66 on 12/7/10


NurseRob please don't be offended. What you are quoting is only a small piece of the facts, therefore the conclusions you are drawing are incomplete and incorrect. Very few people understand economics as it is highly math based, requires abstract thinking abilities and therefore their understanding is limited. You can believe politics or believe an expert - your choice.
---Moderator on 12/7/10


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Let me try this again, Moderator.. In THEORY tax cuts create jobs, but this is the real world. Go back to the 80s when Reagan lowered taxes. Unemployment went up. It wasn't until he started raising taxes that unemployment went down. During GHWB's reign, the same thing happened.

Quote from your economics 101 all you want. Living in a theory world is nice, but most of us live in the real world.
---NurseRobert on 12/7/10


While we agree that taxing is not good for the economy, the question remains: where does the money to run the government come from?

We have a system where one party will block reduction in military spending and the other party will block spending on welfare - but those two take most of the government spending

So either the US runs on money borrowed from dictatorships (China) or the government runs out of money

We have to stop spending, big time
---peter on 12/7/10


if TAX cuts really create jobs, then how come big corporation making hundreds of millions or hundreds of billions are not saying or advertising 'WE ARE UPSIZING?'

in the 90s & during bush tax cuts years, corporation are DOWNSIZING OR LAYING OFF.
---mike on 12/6/10


Darlene 1-- I see your point. Unfortunately your business is closely related to the housing industry which more often booms after a war when young men have returned home and are settling down to start families. Sadly the housing industry was also hard hit by the subprime mortgage crisis. It is a double whammy for you!

Wars often take young men away from civilian jobs that then must be filled by others. BUT In this economy, with unemployment so high already, the military is supporting young men who would be the most likely (according to statistics) victims of our wide-spread unemployment... if they stayed in civilian life.
---Donna66 on 11/10/10


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We had better be bringing the Government down off it's pedestal. They pass laws and break them. They pass laws which are contrary to God's laws and keep them. No good, these godless men and women. God is going to destroy this nation. I do not know if it will be in my life-time. God will destroy all nations, soon.
---catheine on 11/8/10


Everybody agrees. We MUST cut government spending. The difficult part is where to cut?
We COULD just watch when small nations are taken over by more powerful and agressive ones. The desire of nations to increase their power and lands and wealth has never changed.
European countries were taken, one by one,by Germany in WWII. Then Europen Slavic nations,by the Soviet Union. They are independent nations now, but Russia still covets them.

The government of China regularly threatens to take Taiwan which they still consider theirs, despite the small island's long history of democracy.

When Iraq swept into Kuwait, who did the Arabs call on for help? Yep...we could have just said "no" but that's not how we treat friends.
---Donna66 on 11/7/10


Until then, lets be conscientious and keep our (government's) spending to what it can afford
****

sweet sentiment yet highly unlikely

when taxes are increased reality is that the MASSES of people who are those earning the bulk of income (per IRS $45K average income earners - less than 3% earn 100K+) pull back on spending

no money flowing into economy by majority will reduce more jobs of which are generally the majority who live paycheck to paycheck

why would government keep its spending under check if "the people asked or demanded" ...the PEOPLE didn't ASK for healthcare act or patriot act

illusion of freedom and democracy in US is clear if one understands where the power lies
---Rhonda on 11/6/10


Taxation without representation is tyranny!

Excessive taxation of the makers for the benefit of the takers is theft!

Are tyranny and theft acceptable?
---jerry6593 on 11/6/10


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I know little about what tax cuts do (and I strongly believe that neither does the moderator, as this has been a long dispute for many decades - not to be solved by a simple statement).

What I can see is that, whatever we do about taxes, we MUST push our government to reduce what it spends!

When it does that, then it can reduce taxes.

Until then, lets be conscientious and keep our (government's) spending to what it can afford
---Peter on 11/6/10


These people can sit around all day at a table and debate, argue until all their hair falls out, Nothing is gong to work....LOOK UPPPPPPPP.
---catherine on 11/6/10


Why is it no one else sees this?
---ginger on 11/5/10

Because most of the people in the USA are in DENIAL about things.

Even many Pastors, and their Christian congregations, don't seem to believe that anything BAD could possibly happen. To the GREAT United States, with all it's GOOD, NICE people? No, way!

Well, DENIAL has allowed Satan, the Devil, to slowly creep in and plant the "seeds" of destruction of the USA:

Breakdown of Families, Divorce, Over-Spending, Growing Debts: Personal and Governmental, Drugs, Crime, etc.

It's hard -- for ANYONE -- to NOT see these things. Unless, they are in DENIAL about REALITY.


---Sag on 11/5/10


The USA had better STOP it's run-away spending soon. Our growing debt could lead to the collapse of the USA, and, possibly, China annexing us.
---Sag on 11/4/10


AMEN!
Why is it no one else sees this?
---ginger on 11/5/10


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mr. moderator

my personal experience is

2004 - 2006 unemployed for 2 years & this is during the Bush tax cuts for the RICH not middle class

2006 employed with the county bec. of gas tax with good salary & benefits
---mike on 11/5/10


Donna ... The UK is cutting back hugely on it's military spend, which is already inadequate to support our troops in Afghanistan. We too will now rely on the US for support.

Very foolish, because why should you (I assume you are in the US?) support us to support our interests (eg, another Falklands defense) ?

Trouble is, the economic situation is crippling all western economies ... which have in any case prospered in the past by exploitation of the rest of the world ... and those days are past now.
---alan8566_of_uk on 11/5/10


The comments are good, in terms of tax. BUT - we are also told not to owe [money] to others. If we want tax cuts, which are nice. we MUST also have spending cuts.

We shall we cut spending for the government?
---peter3594 on 11/5/10


For those who believe that tax cuts for the wealthy create job, can you answer me this:

the G.W. Bush tax cuts for the wealthy are still ongoing riught now, they do not expire until December 2010. If tax cuts for the wealthy do create job, why is the G. W, bush tax cuts not creating jobs?

Please do not say " what makes you think they are not creating jobs?" because we are loosing jobs.

Please do not say that loosing Job has anythng to do wuth our current president, because job lose started with the former administration even with the bog tax cuts for the wealthy.
---francis on 11/5/10


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Here's some food for thought. We long ago discovered that if you DON'T want people to do something....you tax it.
If cigarettes and alcohol did not cause so much harm, we could never apply the huge taxes that apply to their purchase.

But why do we apply greater taxes to those who make more money? This tax acts as a disincentive, too. Do we want them to work less hard, to spend less time and money in creating and selling things to improve the lives of others?

This is probably why some people suggest a "flat" tax or a tax based on what people spend instead of what they earn
---Donna66 on 11/4/10


Many counties, small ones esp. have no military...they can do this because they depend on the US to come to their defense if attacked. We could easily find ourselves fighting wars on opposite sides of the world.
---Donna66 on 11/4/10

One of the elected Congressional Republicans spoke about this. His political party is working on slowing the OVER-SPENDING that has been the problem with the current, Democratic, Congress.

This guy mentioned that the USA needs to care LESS about the "rest of the world", and MORE about "it's own people".

The USA had better STOP it's run-away spending soon. Our growing debt could lead to the collapse of the USA, and, possibly, China annexing us.
---Sag on 11/4/10


For those who think wars put more money into the economy I have a bit of information. I know first hand it just isn't the case,when there are wars they do not put more money into the economy. I live near Ft Hood and when the GIs shipped out the economy here went down hill quickly. The GIs aren't here to spend,their families leave too and go home,that's lost. That hurts the landlord,grocer,retail stores of all kinds,schools don't get as much Federal Funds,there aren't as many in colleges and it hits every money earner in the area. Especially the building,houses don't sell,and rental units are empty therefore our floorcovering business has shrunk almost to nothing and we aren't alone. The unemployment here has increased greatly.
---Darlene_1 on 11/4/10


Sag -- Nobody likes war! But wars do tend to increase employment and put more money into the economy. Think we've got unemployment now? Think what would happen if all workers in defense related industries were laid off as well as military personnel. WWII turned around the Great Depression, and for better or worse, began a custom of "working wives" (who were needed to replace their soldier husbands in the American workforce).

I'm not a bit surprized that we spend more on our military than all other countries combined. Many counties, small ones esp. have no military...they can do this because they depend on the US to come to their defense if attacked. We could easily find ourselves fighting wars on opposite sides of the world.
---Donna66 on 11/4/10


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I hate to sound like a "terrorist" waiting for the next war or military adventure. Think: Korea, Vietnam, Iraq, Afghanistan, etc.

Yet, many companies, in almost every USA state or territory, DEPEND upon the above for their business. And tax "increases" might actually help these companies because the government then collects more tax revenue to spend, or waste, on the military. The USA spends more on it's military than ALL the other countries of the world combined. Really!

The USA's military spending might be another reason for the economic recession. And, wars bring Destruction, not Growth, when all is said and done. Look at Iraq.
---Sag on 11/4/10


The more the government taxes people the less the people have to put into the economy. Any tax cut gives more liquid funds to spend and help the ailing economy. Where the government's mistake lies,is using the wrong gauges. The overall cost of living didn't increase( I don't believe it) therefore no raise in Social Security payments. What should be used for a gauge instead is,the supplemental insurance was raised for seniors,as was medicine costs,lights,water,gas,food,and I'm sure there are others. Its very convenient to use a method which has kept seniors from gettig SS raises the last two years. When a government begins cheating its seniors,disabled and veterans it will not ever get ahead or break even. What one sows is what one reaps.
---Darlene_1 on 11/4/10


sag--There have been reports about a lack of new inventions. New ones are needed to increase the DEMAND. Then, the SUPPLY will need to be increased, which will result in more jobs and hiring.

Of course. Sounds simple, huh. But investing in a new invention is expensive and risky. It costs a lot to bring a new invention to market, and then there is advertising....and none of this insures demand.
A business trying to prepare for anticipated new fees, taxes and regulations is not likely to take the chance.
---Donna66 on 11/4/10


Robert as you are a nurse I don't expect you to understand basic economics either. Taxing decreases GNP and loses jobs. This isn't a political statement, but an Economic fact. Increasing taxes during a recession will just make the recession deeper and cause more job losses. One can increase taxes during economic booms, but not during a recession. Increasing taxes during Clinton didn't cause the economy to expand it actually made the economy grow slower than it could have. If you wouldn't focus on the political agendas on both sides of the aisle you should be able to understand my comments.
---Moderator on 11/4/10


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Moderator, Wheres' the beef?

Obama proposed to make the R/D tax credit permanent giving companies incentive to grow their businesses. Republicans, however,have a fixation on keeping rich people's taxes low and try to do so by convincing wage-earners that their jobs depend on keeping the rich, well, rich.

Boehner says the plan to let tax cuts for the top brackets expire as "job-killing tax hikes."

Similar hysterical warnings when Clinton proposed raising taxes for the richest 1 percent. They were wrong then too. America gained a net 21 million jobs during Clinton's two terms. Business investment was higher, the economy and tax revenue grew more and ended with a budget surplus. Even the rich got richer.
---NurseRobert on 11/4/10


Mike, there have been no tax cuts under Obama, only threats of tax increases which is a main factor in less job hiring. Obviously, your background isn't economics, but I believe you should be able to understand that tax increases cause a slowdown in economic growth. A slowdown in economic growth causes job losses. You appear to be from a political viewpoint that is clouding your ability to understand basic economics. Economics isn't politics.
---Moderator on 11/4/10


'This isn't a political statement, but an economic statement of fact.'

then why are there many employees who are given 7,8,9 jobs. why are there 1 worker/employee doing the work of 3 employees but have the same salary? why is it that some employees are doing jobs that ARE NOT IN THEIR JOB DESCRIPTION?

why don't they hire more employees if you say that tax cuts create more jobs?
---mike on 11/4/10


Yes Mike tax increases will cause an economy's GNP to slow, thereby creating additional job losses. This isn't a political statement, but an economic statement of fact.
---Moderator on 11/4/10


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Threatening corporations with additional taxes just continues the unemployment.

the question is tax cuts for the RICH not tax cuts for the corporations or taxing the corporation.

by the way, Exxon mobil earned $25.33 BILLION in 2004. if you tax them $15 billion they still have a NET PROFIT OF $10 billion. how many million is that? 1,500 MILLION (if my math is correct)

$25 billion can buy 160 boeing 737s
---mike on 11/4/10


All tax cuts are good, however there is no evidence of anything other than increasing demand from an expanding customer base increases hiring.

Any business owner that would hire on the basis of tax cuts and not demand is a business that won't be in business very long.
.

---larry on 11/4/10

Lower taxes creating a more favorable environment in which to operate a business.

The basic economics of SUPPLY and DEMAND are always at work in a Market-based economy.

There have been reports about a lack of new inventions. New ones are needed to increase the DEMAND. Then, the SUPPLY will need to be increased, which will result in more jobs and hiring.
---Sag on 11/4/10


All tax cuts are good, however there is no evidence of anything other than increasing demand from an expanding customer base increases hiring.

Any business owner that would hire on the basis of tax cuts and not demand is a business that won't be in business very long.

McDonalds or United Airlines is not going to hire additonal people because of a tax cut though they certainly won't hire anyone with a tax increase.
Tax cut savings should be added to the bottom line-profits for stockholders

We'll hire more people to make hamburgers when more people want hamburgers. Its that simple.
---larry on 11/4/10


The Gov't is not the solution to our economic problems - it IS the problem.

The only economic stimulus that will work is that of a free people, unshackled by the fetters of an opressive government.


---jerry6593 on 11/4/10


Everything that I learned about Economics -- in both High School and College -- worked pretty well until the year 2000.

Times have changed and the USA is now facing a WORLD economy, not just the NATIONAL economy of yesterday.

It's pretty obvious to me that our Government, at both the State and Federal levels, has NOT adapted to the Economic changes.

For example, MORE taxes, and MORE Government spending, just doesn't work!
---Sag on 11/4/10


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If you believe in equality under the law, then you will find such methods as class envy (tax cuts for the rich, redistribution of wealth), affirmative action, etc. highly offensive and in direct opposition to the freedoms accorded in our (US) founding documents. These documents limit the power of the Federal Gov't for good reason. The Gov't is not the solution to our economic problems - it IS the problem. It has greatly overstepped its legitimate role by excessive taxation and regulation. The Marxist role assumed by the current regime cannot improve the economy - it can only make it worse. Just look at Cuba. The only economic stimulus that will work is that of a free people, unshackled by the fetters of an opressive government.
---jerry6593 on 11/4/10


Does tax cuts for the rich really creates jobs?

Is it unreasonable to expect christians to be " smarter than the average bear?"

The tax cuts put into place by former presedent G. W. Bush are still in place, they do not expire until December 2010, and yet we continue to lose jobs.

With that fact in place, can we as christians honestly say that tax cuts to the rich creates jobs?
---francis on 11/4/10


Creating American Jobs and Ending Offshoring Act (S.3816)
---NurseRobert on 11/3/10 ---

Several USA Corporations already do MOST of their Manufacturing, and/or, Sales OUTSIDE of the USA.

I believe that the Republicans are trying to be helpful to businesses. Laws proposed by the Democrats scare businesses away.

That is what happened with 3M. The company once Manufactured most of it's products in "high-tax" Minnesota, then moved Manufacturing to "lower-tax" states, and eventually to "no-tax" foreign countries.

Congress needs to come up with legislation that is both "fair" to "businesses" and doesn't tax them "excessively".
---Sag on 11/4/10


The USA's National Healthcare, better known as Obamacare, and the Americans with Disabilities Act (ADA), are two examples of "business hindering" legislation.

Yes, the original OBJECTIVES, or PURPOSES, of the legislation was good. However, Congress either: (1) just assumed that it all came FREE, with NO costs involves, or (2) just didn't bother helping businesses pay for things.

I think that many, if not all, businesses are willing to help out a bit. However, when costs, and rules, become prohibitively expensive, businesses will simply look elsewhere. I would, if I owned a business.

The same scenario has been the case with Special Educaton. Congressional mandates, but little help paying for the extra costs.
---Sag on 11/4/10


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... //the objectives of the various labor unions that caused some of the outsourcing..//

Yes, The unions make labor in this country sooo expensive, that any business that can take advantage of cheap foreign labor is likely to do so. When you see the difference even a small living wage makes to workers in some countries, it's hard to muster much sympathy for most union workers with high hourly pay and comfortable pensions. Oddly, those who are always touting their "compassion" don't consider this.

Companies are not in business to create jobs! They want to make a profit (not a dirty word). BUT as they invest and expand, they naturally create jobs. If they don't feel free to do so, employment suffers.
---Donna66 on 11/3/10


Yes, corporations are in the business of making a profit so why propose additional taxes and regulations on them which makes firms noncompetitive on an international level, thereby causing more USA workers to lose their jobs. USA workers are not unemployed due to the policies you mentioned, but because of the Great Recession. Threatening corporations with additional taxes just continues the unemployment.
---Moderator on 11/3/10


they are very uncertain about hiring people due to the bleak economic environment.
---Moderator on 11/3/10

Corporations are not in the business of making jobs, they are in the business of making a profit and they make more profit by sending jobs overseas. Republicans killed the Creating American Jobs and Ending Offshoring Act (S.3816) which would have ended tax deductions for the cost of closing companies her and moving them overseas, imposed a new tax on products once made in the United States but now made by foreign workers, and given a two-year payroll tax holiday on jobs brought back from overseas.

If the Republicans are so interested in making jobs, why do they make it easy to send them overseas?




---NurseRobert on 11/3/10


There also need to be some laws about "outsourcing" and "immigration".
---Sag on 11/3/10

There was an attempt. It was called the Creating American Jobs and Ending Offshoring Act (S.3816).

The senate republicans got it killed.

Seems they forgot to mention this during the election.
---NurseRobert on 11/3/10


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While tax cuts are needed, this is only the "tip of the iceburg". There is too much out sourcing, too many illegals who are willing to work for far less than most legals, we need to revamp the objectives of the various labor unions that caused some of the outsourcing, the influece of "big business" that likes cheap labor, etc.
---wivv on 11/3/10


Yes, the corporations have record cash on hand and they are very uncertain about hiring people due to the bleak economic environment. Until the GNP starts to expand at a reasonable rate, the corporations will continue to hold off from hiring additional employees. Threatening to increase taxes on the corporations and USA citizens prolongs high unemployment. That is not a wise political policy.
---Moderator on 11/3/10


NurseRobert:

You are correct too. There are some "hidden" reasons for the lack of jobs.

Technology, especially Automation, has improved and made fewer employees necessary for accomplishing the same tasks as before.

Many jobs have been "outsourced" to lower-wage countries, like India and China. The Internet has been a "blessing", and a "curse", in that many jobs can be performed over the Internet, by foreign workers.

I believe that some labor laws need to be created and enforced. Corporations' extra cash should be used to either hire workers, and/or, be re-invested in the economy. There also need to be some laws about "outsourcing" and "immigration".
---Sag on 11/3/10


Hopefully, the newly elected Congress can "change course".
---Sag on 11/3/10

There is no "newly elected Congress" (congress is BOTH the Senate and the House of Representatives.)

This "newly" elected house is not going to accomplish ANYTHING without support of both the Senate and the White House.. something the right wingers failed to tell you before you voted..
---NurseRobert on 11/3/10


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Corporations have been making record profits and have record cash on hand...

Where then are the jobs...

you bought the republican lies..
---NurseRobert on 11/3/10


Moderator, you are CORRECT! I'm wondering if I can recommend you to President Barack Obama for an Economic Adviser position. What ya say?

In today's economic climate, I believe that there needs to be: (1) Tax Cuts, (2) Decreases in spending, and , (3) NO more borrowing, Period, until the USA economy recovers.

I find it just "shocking" that the USA hasn't learned about what DOES work, and what DOES NOT work, as far as the money supply and economics goes.

The current path of the USA's economy is a road to "self destruction". Hopefully, the newly elected Congress can "change course".
---Sag on 11/3/10


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