tag:blogger.com,1999:blog-12897315.post8554364788707480978..comments2024-03-28T09:54:55.115-05:00Comments on Dad29: The Obama Jobs Massacre, Chapter 11,445Dad29http://www.blogger.com/profile/08554276286736923821noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-12897315.post-18522786192151216552010-08-27T17:36:00.130-05:002010-08-27T17:36:00.130-05:00What? You don't pay Social Security taxes, St...What? You don't pay Social Security taxes, Struppster?<br /><br />No sales taxes? No taxes which are called "FEES"?<br /><br />And you pay those no matter your profits--or losses--or cashflow before mortgage/food/utilities.Dad29https://www.blogger.com/profile/08554276286736923821noreply@blogger.comtag:blogger.com,1999:blog-12897315.post-50868758828219532632010-08-27T15:39:06.221-05:002010-08-27T15:39:06.221-05:00I wouldn't go that far......
My point is that...I wouldn't go that far......<br /><br />My point is that taxes aren't the main concern right now. If you don't have customers, you don't have earnings. Who cares about taxes when you're losing your shirt.J. Struppnoreply@blogger.comtag:blogger.com,1999:blog-12897315.post-61036955695290026472010-08-27T14:07:37.319-05:002010-08-27T14:07:37.319-05:00And one has to do WHAT with the other?
Overtaxati...And one has to do WHAT with the other?<br /><br />Overtaxation results in ZERO earnings, you know.Dad29https://www.blogger.com/profile/08554276286736923821noreply@blogger.comtag:blogger.com,1999:blog-12897315.post-80072305713551859702010-08-27T14:03:45.626-05:002010-08-27T14:03:45.626-05:00Ironically, Intel just issued an earnings warning ...Ironically, Intel just issued an earnings warning due to poor sales in Q3......but Otellini wants to whine about taxes:<br /><br />http://www.bloomberg.com/news/2010-08-27/intel-lowers-third-quarter-sales-gross-margin-forecasts-on-weak-pc-demand.htmlJ. Struppnoreply@blogger.comtag:blogger.com,1999:blog-12897315.post-23258888853404958182010-08-25T23:03:36.164-05:002010-08-25T23:03:36.164-05:002 trillion.....minimum. Delivered mostly via dire...2 trillion.....minimum. Delivered mostly via direct gov. spending programs. And even that wouldn't get us back to 5% unemployment. Let the Fed. do the rest via massive QE. <br /><br />IOW, stop screwing around. Start up the printing presses for real.J. Struppnoreply@blogger.comtag:blogger.com,1999:blog-12897315.post-85714552001962896422010-08-25T16:53:12.390-05:002010-08-25T16:53:12.390-05:00The new car fleet is not a bad idea. I would have ...The new car fleet is not a bad idea. I would have preferred HEAVY investment in fixing infrastructure (by private contracts would be fine, but I had a hankering for CC like solution, just for old times sake). Particularly bridges. I know there's WAS a big chunk there, but much bigger. Obama came out of the gate with a 60/40 spending/tax split, so the Rs had little to barter. I'd have gone 100% infrastructure spending (and about one and a half to two times as much as was spent). The Rs could have negotiated that down to 80 and felt like they were actually contributing to the solution and had something to bring home to constituents (i.e. big business).jimspicehttps://www.blogger.com/profile/16316014985662331998noreply@blogger.comtag:blogger.com,1999:blog-12897315.post-17907206996751645612010-08-25T16:49:43.488-05:002010-08-25T16:49:43.488-05:00to Hell with the States.
And we won't HAVE &#...to Hell with the States.<br /><br />And we won't HAVE 'full employment' so long as The Regime works to destroy stability and confidence.Dad29https://www.blogger.com/profile/08554276286736923821noreply@blogger.comtag:blogger.com,1999:blog-12897315.post-77814504510925190382010-08-25T16:41:11.555-05:002010-08-25T16:41:11.555-05:0075% of what, is the question. 75% of the total st...75% of what, is the question. 75% of the total stimulus package or 75% of the tiny infrastructure spending section of ARRA? <br /><br />As I said before: The bulk of ARRA is simply UI extensions, tax cuts and aid to state budgets which became severely impaired following the collapse in tax receipts since '08. There isn't much else in the ARRA so i'm not sure how much money you could throw at other gov. spending programs unless you would be taking funds away from those areas. <br /><br />Either way, this amount of money doesn't get us back to anywhere near full employment.J. Struppnoreply@blogger.comtag:blogger.com,1999:blog-12897315.post-3247973413775691942010-08-25T15:03:28.970-05:002010-08-25T15:03:28.970-05:00Thanks, Struppster, but I'll write my own resp...Thanks, Struppster, but I'll write my own response.<br /><br />Page 10 of the report has a helluvalotta qualifications, ifs, ands, or buts--but the key line is on P. 11:<br /><br />The actual impact<br />could, in principle, be significantly larger or smaller than<br />the number of jobs reported<br /><br />Further, let us recall that Fed spending is included in GDP; thus, one must delete ARRA funds from GDP calculations. The result is a smaller-than-reported GDP.<br /><br />But even if the report is dead-accurate, it doesn't crow about PRIVATE-SECTOR jobs, which, after all, support the PUBLIC-SECTOR jobs which were the principal beneficiaries of ARRA.<br /><br />As I mentioned to Struppster, I'd rather have seen the Feds spend 75% of the money on acquiring a new fleet of automobiles, trucks, PCs, F-22's, and tanks--all of which would goose employment in the private sector significantly.<br /><br />So happens I agree that demand is a larger factor than 'uncertainty.' However, 'uncertainty' cannot be cavalierly dismissed; ObamaCare and the bank-reform bill have created lots of big, unanswered, questions. Like it or not, businesses prefer predictability.Dad29https://www.blogger.com/profile/08554276286736923821noreply@blogger.comtag:blogger.com,1999:blog-12897315.post-19541089452021358072010-08-25T11:09:53.975-05:002010-08-25T11:09:53.975-05:00Probably something like this Jim:
We shouldn'...Probably something like this Jim: <br /><br />We shouldn't have given all that money to extend UI and fortify state balance sheets and cut taxes for middle class Americans. That's a waste. We should tell the 8 million Americans on UI to get a job and let the states burn. <br /><br />Then we should have given all that ARRA money to Intel so that they could build another $4 billion facility that'll sit vacate because they their isn't anyone in the country buying processors because over a quarter of the population doesn't have a job or UI benefits. <br /><br />Because if there's one thing in this world we need right now is more production capacity sitting idle, rusting away.J. Struppnoreply@blogger.comtag:blogger.com,1999:blog-12897315.post-71926502644673236962010-08-25T10:56:47.089-05:002010-08-25T10:56:47.089-05:00And here we go again.....What's Otellini eludi...And here we go again.....What's Otellini eluding to in order to fix the world's problems?<br /><br />Well of course! Incentive! Cut taxes and they'll start hiring people and businesses will relocate here from China and India and Germany and wherever and the world will go back to the land of milk and honey. <br /><br />We don't have an uncertainty problem in this country. Look around, we have a DEMAND problem. <br /><br />Again, it doesn't matter if you eliminate "uncertainty", corporate America HAS NO CUSTOMERS. You can repeal Obamacare, cut corporate tax rates, cancel Cap and Trade and corporate America will be left with the same glaring problem it started with. The largest source of demand in the world (the U.S. consumer)is deleveraging and the only viable alternative in offsetting this collapse (Uncle Sam), is sitting on their hands and watching the house burn down. <br /><br />...and the idea that the U.S. has the second highest tax rate in the industrialized world is a joke. Corporate America exploits every loophole that their lawyers can find. Our tax system lets them get away with all kinds of shit. This kind of statement is rhetoric used to convince the suckers that cutting corporate tax rates will trickle down to them in the end. It hasn't worked for 3 decades and won't work now.J. Struppnoreply@blogger.comtag:blogger.com,1999:blog-12897315.post-52454957312395292632010-08-25T10:55:05.453-05:002010-08-25T10:55:05.453-05:00I've seen you cite CBO in the past, so I'm...I've seen you cite CBO in the past, so I'm assuming it's a source you respect. How do you respond to the CBO report which states the recovery act significantly mitigated job losses and averted a much stronger downturn? http://www.cbo.gov/ftpdocs/117xx/doc11706/08-24-ARRA.pdfjimspicehttps://www.blogger.com/profile/16316014985662331998noreply@blogger.com