Jack Welch: Obama's Tax Plan Will Sink Job Market!

[FlaHawker 24]

Rhode Island Worst State in Union to Start a Business Due to HIGH TAXES!

 

Rhode Island has an 8% unemployment rate, 40% higher than the 6% in the rest of the country. Why? HIGH TAXES!!! Businesses in Rhode Island are the highest taxed in the country. So tell us Obama "Useful Idiots" how raising the capital gains tax on evil, big business is going to be good for the economy? When it was pointed out to Obama that raising the captial gains tax will lead to less revenue for the federal government, his response was that he understood that but it was the fair thing to do Raising the capital gains will NOT create jobs, it will lead to the elimination of jobs. Wake up people!

[NewbieJr 541]

:throws gun:

[Isotopes 1]

yeah the economy is great. We should just leave things the way they are

[FlaHawker 24]

Still looking for an Obama supporter to show how his plan will create jobs.

[Kopy 570]

Don't you know yet.

 

Repubs - Bad / Dems - Good

Conservatives - Bad / Liberals - Good

Capitalism - Bad / Socialism - Good

People with money - Bad / People with no money - Good

McCain - Bad / The Messiah - Good

 

You only have 5 more days to figure this all out.

[FlaHawker 24]

OK let me help you guys out:

 

BARTIROMO: How do you plan to change the tax code when it comes to capital gains? How high will that 15 percent rate go?

 

Sen. OBAMA: Well, you know, I haven't given a firm number. Here's my belief, that we can't go back to some of the, you know, confiscatory rates that existed in the past that distorted sound economics. And I certainly would not go above what existed under Bill Clinton, which was the 28 percent. I would--and my guess would be it would be significantly lower than that. I think that we can have a capital gains rate that is higher than 15 percent. If it--and if it, you know--when I talk to people like Warren Buffet or others and I ask them, you know, what's--how much of a difference is it going to be if it's 20 or 25 percent, they say, look, if it's within that range then it's not going to distort, I think, economic decision making. On the other hand, what it will also do is first of all help out the federal treasury, which is running a credit card up with the bank of China and other countries. What it will also do, I think, is allow us to make investments in basic scientific research, in infrastructure, in broadband lines, in green energy and will allow us to give us--give some relief to middle class and working class families who have been driving this economy as consumers but have been doing it through credit cards and home equity loans. They're not going to be able to do that. And if we want the economy to continue to go strong, then we've got to make sure that they're getting a little relief as well.

 

After you decipher this garbled Obama answer, please tell us how Obama's raising capital gains will create jobs?

 

http://www.politico.com/blogs/bensmith/030..._with_CNBC.html

[edjr 6,603]

I want us out of Iraq and I don't give a sh!t about anything else until we are.

[FlaHawker 24]

I want us out of Iraq and I don't give a sh!t about anything else until we are.

Off topic--FAIL

 

 

But don't worry Obama will cut, run and waive the white flag

[NewbieJr 541]

Out of bullets?

Throw the gun.

[FeelingMN 273]

I'm guessing jobs would be created through the investments in research, green technology, infrastructure he referred to. Also, refusing tax breaks for companies outsourcing jobs overseas would keep jobs here.

 

McCain ain't much better, though the difference is he won't increase taxes. He droned on last night with Larry King about keeping taxes where they are. When asked how he would address the deficit, he simply said 'create more wealth, create more jobs'. He offered nothing in the way of specifics.

 

So it sounds like neither candidate has much of an idea of how to really create jobs, but at least Obama has hinted at it. And at least with Obama there is a silver lining (we can start to address the deficit rather than passing it down to another generation) while McCain seems to prefer a more cautionary appraoch in yielding to the status quo while times are tough.

 

No matter who wins there's gonna be tough times ahead for a lot of us.

[Patriotsfatboy1 1,432]

You do realize that Obama's tax strategy is mainly predicated on letting some of the tax cuts that GWB put into place to expire. Since our economy is not exactly running on all cylinders with those tax cuts in place, I am not sure that this is such a bad idea.

[Kopy 570]

OK let me help you guys out:

 

BARTIROMO: How do you plan to change the tax code when it comes to capital gains? How high will that 15 percent rate go?

 

Sen. OBAMA: Well, you know, I haven't given a firm number. Here's my belief, that we can't go back to some of the, you know, confiscatory rates that existed in the past that distorted sound economics. And I certainly would not go above what existed under Bill Clinton, which was the 28 percent. I would--and my guess would be it would be significantly lower than that. I think that we can have a capital gains rate that is higher than 15 percent. If it--and if it, you know--when I talk to people like Warren Buffet or others and I ask them, you know, what's--how much of a difference is it going to be if it's 20 or 25 percent, they say, look, if it's within that range then it's not going to distort, I think, economic decision making. On the other hand, what it will also do is first of all help out the federal treasury, which is running a credit card up with the bank of China and other countries. What it will also do, I think, is allow us to make investments in basic scientific research, in infrastructure, in broadband lines, in green energy and will allow us to give us--give some relief to middle class and working class families who have been driving this economy as consumers but have been doing it through credit cards and home equity loans. They're not going to be able to do that. And if we want the economy to continue to go strong, then we've got to make sure that they're getting a little relief as well.

 

After you decipher this garbled Obama answer, please tell us how Obama's raising capital gains will create jobs?

 

http://www.politico.com/blogs/bensmith/030..._with_CNBC.html

 

Your focused on just the babble. You clearly omitted the stuff he firmly answered right away, without any hesitation.

 

BARTIROMO: Nearly seven months before Election Day, we've got foreclosures on the rise...

 

Sen. OBAMA: Right.

 

 

BARTIROMO: I want to ask you about the mortgage plan.

 

Sen. OBAMA: Sure.

 

 

BARTIROMO: But it's not just the Warren Buffets of the world who own stocks, so...

 

Sen. OBAMA: Of course not.

 

 

BARTIROMO: ...let's hypothetically say that...

 

Sen. OBAMA: Right.

 

 

BARTIROMO: ...cap gains tax goes from 15 percent to 25 percent.

 

Sen. OBAMA: Right.

 

 

BARTIROMO: You're impacting a lot of people.

 

Sen. OBAMA: Right.

 

 

BARTIROMO: A hundred million Americans own stocks today.

 

Sen. OBAMA: Absolutely.

 

 

 

BARTIROMO: But can you really look at this sort of like an umbrella standpoint? I mean, we are in very, very unique times right now.

 

Sen. OBAMA: Yes.

 

 

BARTIROMO: Let me move on from taxes. I don't want to spend all the time there. Let's talk about small business. This is the one area of the economy that really is creating jobs, small business.

 

Sen. OBAMA: Yes, absolutely.

 

 

BARTIROMO: Let's talk about spending. You've got a $400-plus billion deficit. How do you plan to pay for the new health, education, you mentioned green technology, social programs...

 

Sen. OBAMA: Right.

 

 

 

BARTIROMO: How about trade? You've made the point that you want to improve relations around the world...

 

Sen. OBAMA: Yes.

 

 

BARTIROMO: Senator, would you like to add anything else?

 

Sen. OBAMA: I had a wonderful time. I hope I get a chance to talk to you again.

 

 

BARTIROMO: Thank you so much, Senator.

 

Sen. OBAMA: All right. Thank you.

 

He answered all of these questions straight forward without any uneasiness.

The man is a rock!

[mighty_thor 115]

Still looking for an Obama supporter to show how his plan will create jobs.

 

 

Invest in the Manufacturing Sector and Create 5 Million New Green Jobs

Invest in our Next Generation Innovators and Job Creators: Obama and Biden will create an Advanced Manufacturing Fund to identify and invest in the most compelling advanced manufacturing strategies. The Fund will have a peer-review selection and award process based on the Michigan 21st Century Jobs Fund, a state-level initiative that has awarded over $125 million to Michigan businesses with the most innovative proposals to create new products and new jobs in the state.

Double Funding for the Manufacturing Extension Partnership: The Manufacturing Extension Partnership (MEP) works with manufacturers across the country to improve efficiency, implement new technology and strengthen company growth. This highly-successful program has engaged in more than 350,000 projects across the country and in 2006 alone, helped create and protect over 50,000 jobs. But despite this success, funding for MEP has been slashed by the Bush administration. Barack Obama and Joe Biden will double funding for the MEP so its training centers can continue to bolster the competitiveness of U.S. manufacturers.

Invest In A Clean Energy Economy And Create 5 Million New Green Jobs: Obama and Biden will invest $150 billion over 10 years to advance the next generation of biofuels and fuel infrastructure, accelerate the commercialization of plug-in hybrids, promote development of commercial scale renewable energy, invest in low emissions coal plants, and begin transition to a new digital electricity grid. The plan will also invest in America's highly-skilled manufacturing workforce and manufacturing centers to ensure that American workers have the skills and tools they need to pioneer the first wave of green technologies that will be in high demand throughout the world.

Create New Job Training Programs for Clean Technologies: The Obama-Biden plan will increase funding for federal workforce training programs and direct these programs to incorporate green technologies training, such as advanced manufacturing and weatherization training, into their efforts to help Americans find and retain stable, high-paying jobs. Obama and Biden will also create an energy-focused youth jobs program to invest in disconnected and disadvantaged youth.

Boost the Renewable Energy Sector and Create New Jobs: The Obama-Biden plan will create new federal policies, and expand existing ones, that have been proven to create new American jobs. Obama and Biden will create a federal Renewable Portfolio Standard (RPS) that will require 25 percent of American electricity be derived from renewable sources by 2025, which has the potential to create hundreds of thousands of new jobs on its own. Obama and Biden will also extend the Production Tax Credit, a credit used successfully by American farmers and investors to increase renewable energy production and create new local jobs.

New Jobs Through National Infrastructure Investment

Barack Obama and Joe Biden believe that it is critically important for the United States to rebuild its national transportation infrastructure – its highways, bridges, roads, ports, air, and train systems – to strengthen user safety, bolster our long-term competitiveness and ensure our economy continues to grow.

 

Create a National Infrastructure Reinvestment Bank: Barack Obama and Joe Biden will address the infrastructure challenge by creating a National Infrastructure Reinvestment Bank to expand and enhance, not supplant, existing federal transportation investments. This independent entity will be directed to invest in our nation’s most challenging transportation infrastructure needs. The Bank will receive an infusion of federal money, $60 billion over 10 years, to provide financing to transportation infrastructure projects across the nation. These projects will create up to two million new direct and indirect jobs and stimulate approximately $35 billion per year in new economic activity.

Technology, Innovation and Creating Jobs

Barack Obama and Joe Biden will increase federal support for research, technology and innovation for companies and universities so that American families can lead the world in creating new advanced jobs and products.

 

Invest in the Sciences: Barack Obama and Joe Biden support doubling federal funding for basic research and changing the posture of our federal government from being one of the most anti-science administrations in American history to one that embraces science and technology. This will foster home-grown innovation, help ensure the competitiveness of US technology-based businesses, and ensure that 21st century jobs can and will grow in America.

Make the Research and Development Tax Credit Permanent: Barack Obama and Joe Biden want investments in a skilled research and development workforce and technology infrastructure to be supported here in America so that American workers and communities will benefit. Obama and Biden want to make the Research and Development tax credit permanent so that firms can rely on it when making decisions to invest in domestic R&D over multi-year timeframes.

Deploy Next-Generation Broadband: Barack Obama and Joe Biden believe we can get broadband to every community in America through a combination of reform of the Universal Service Fund, better use of the nation's wireless spectrum, promotion of next-generation facilities, technologies and applications, and new tax and loan incentives.

[mighty_thor 115]

OK let me help you guys out:

 

BARTIROMO: How do you plan to change the tax code when it comes to capital gains? How high will that 15 percent rate go?

 

Sen. OBAMA: Well, you know, I haven't given a firm number. Here's my belief, that we can't go back to some of the, you know, confiscatory rates that existed in the past that distorted sound economics. And I certainly would not go above what existed under Bill Clinton, which was the 28 percent. I would--and my guess would be it would be significantly lower than that. I think that we can have a capital gains rate that is higher than 15 percent. If it--and if it, you know--when I talk to people like Warren Buffet or others and I ask them, you know, what's--how much of a difference is it going to be if it's 20 or 25 percent, they say, look, if it's within that range then it's not going to distort, I think, economic decision making. On the other hand, what it will also do is first of all help out the federal treasury, which is running a credit card up with the bank of China and other countries. What it will also do, I think, is allow us to make investments in basic scientific research, in infrastructure, in broadband lines, in green energy and will allow us to give us--give some relief to middle class and working class families who have been driving this economy as consumers but have been doing it through credit cards and home equity loans. They're not going to be able to do that. And if we want the economy to continue to go strong, then we've got to make sure that they're getting a little relief as well.

 

After you decipher this garbled Obama answer, please tell us how Obama's raising capital gains will create jobs?

 

http://www.politico.com/blogs/bensmith/030..._with_CNBC.html

 

Old article written about an even older quote before his plan was complete. Highest capital gains rate will be 20% which is what is was before Bush's tax cut. Families with incomes less than $250,000 will se no increase in capital gains tax. Maybe you should read Obama's final tax plan. Then you could make an informed decision.

http://www.barackobama.com/pdf/taxes/Facts..._Plan_FINAL.pdf

[FlaHawker 24]

Your focused on just the babble. You clearly omitted the stuff he firmly answered right away, without any hesitation.

I focused on his capital gains babble, as the OP talks about. Thanks for playing.

[heavy-set 39]

Still looking for an Obama supporter to show how his plan will create jobs.

the GOP is creating jobs.......................in India

 

 

 

 

 

 

 

 

[wiffleball 4,790]

Rhode Island Worst State in Union to Start a Business Due to HIGH TAXES!

 

Rhode Island has an 8% unemployment rate, 40% higher than the 6% in the rest of the country. Why? HIGH TAXES!!! Businesses in Rhode Island are the highest taxed in the country. So tell us Obama "Useful Idiots" how raising the capital gains tax on evil, big business is going to be good for the economy? When it was pointed out to Obama that raising the captial gains tax will lead to less revenue for the federal government, his response was that he understood that but it was the fair thing to do Raising the capital gains will NOT create jobs, it will lead to the elimination of jobs. Wake up people!

 

Unless Bomamma has a part time job as governor of Rhode Island, this is focking retarded.

 

Again, BoMamma's tax plan is actually LESS progressive than Clinton's. You know, that time when the economy BOOMED? So tell me this, how come the Vaunted Bush Tax Cuts (financed by Chinese Debt) have resulted in a the rotting cesspool known as "The American Economy".

 

 

Hard to believe you guys are this stupid. It's like fighting cripples now.

[Greedo 13]

First of all hawker, you look retarded using as your evidence a poster boy for CEO perk excess in Jack Welch. Now, to your question...

 

I focused on his capital gains babble, as the OP talks about. Thanks for playing.

 

Focus on the answer given in detail earlier in the thread. Thank YOU for playing.

[posty 2,702]

Does this mean I won't get my welfare check, er tax cut, now?

[Flashover 0]

 

What an entertaining thread.

[Flashover 0]

the GOP is creating jobs.......................in India

 

Sad but true.

[itsbigmoni 1]

After you decipher this garbled Obama answer, please tell us how Obama's raising capital gains will create jobs?

 

http://www.politico.com/blogs/bensmith/030..._with_CNBC.html

 

 

Invest in the Manufacturing Sector and Create 5 Million New Green Jobs

Invest in our Next Generation Innovators and Job Creators: Obama and Biden will create an Advanced Manufacturing Fund to identify and invest in the most compelling advanced manufacturing strategies. The Fund will have a peer-review selection and award process based on the Michigan 21st Century Jobs Fund, a state-level initiative that has awarded over $125 million to Michigan businesses with the most innovative proposals to create new products and new jobs in the state.

Double Funding for the Manufacturing Extension Partnership: The Manufacturing Extension Partnership (MEP) works with manufacturers across the country to improve efficiency, implement new technology and strengthen company growth. This highly-successful program has engaged in more than 350,000 projects across the country and in 2006 alone, helped create and protect over 50,000 jobs. But despite this success, funding for MEP has been slashed by the Bush administration. Barack Obama and Joe Biden will double funding for the MEP so its training centers can continue to bolster the competitiveness of U.S. manufacturers.

Invest In A Clean Energy Economy And Create 5 Million New Green Jobs: Obama and Biden will invest $150 billion over 10 years to advance the next generation of biofuels and fuel infrastructure, accelerate the commercialization of plug-in hybrids, promote development of commercial scale renewable energy, invest in low emissions coal plants, and begin transition to a new digital electricity grid. The plan will also invest in America's highly-skilled manufacturing workforce and manufacturing centers to ensure that American workers have the skills and tools they need to pioneer the first wave of green technologies that will be in high demand throughout the world.

Create New Job Training Programs for Clean Technologies: The Obama-Biden plan will increase funding for federal workforce training programs and direct these programs to incorporate green technologies training, such as advanced manufacturing and weatherization training, into their efforts to help Americans find and retain stable, high-paying jobs. Obama and Biden will also create an energy-focused youth jobs program to invest in disconnected and disadvantaged youth.

Boost the Renewable Energy Sector and Create New Jobs: The Obama-Biden plan will create new federal policies, and expand existing ones, that have been proven to create new American jobs. Obama and Biden will create a federal Renewable Portfolio Standard (RPS) that will require 25 percent of American electricity be derived from renewable sources by 2025, which has the potential to create hundreds of thousands of new jobs on its own. Obama and Biden will also extend the Production Tax Credit, a credit used successfully by American farmers and investors to increase renewable energy production and create new local jobs.

New Jobs Through National Infrastructure Investment

Barack Obama and Joe Biden believe that it is critically important for the United States to rebuild its national transportation infrastructure – its highways, bridges, roads, ports, air, and train systems – to strengthen user safety, bolster our long-term competitiveness and ensure our economy continues to grow.

 

Create a National Infrastructure Reinvestment Bank: Barack Obama and Joe Biden will address the infrastructure challenge by creating a National Infrastructure Reinvestment Bank to expand and enhance, not supplant, existing federal transportation investments. This independent entity will be directed to invest in our nation’s most challenging transportation infrastructure needs. The Bank will receive an infusion of federal money, $60 billion over 10 years, to provide financing to transportation infrastructure projects across the nation. These projects will create up to two million new direct and indirect jobs and stimulate approximately $35 billion per year in new economic activity.

Technology, Innovation and Creating Jobs

Barack Obama and Joe Biden will increase federal support for research, technology and innovation for companies and universities so that American families can lead the world in creating new advanced jobs and products.

 

Invest in the Sciences: Barack Obama and Joe Biden support doubling federal funding for basic research and changing the posture of our federal government from being one of the most anti-science administrations in American history to one that embraces science and technology. This will foster home-grown innovation, help ensure the competitiveness of US technology-based businesses, and ensure that 21st century jobs can and will grow in America.

Make the Research and Development Tax Credit Permanent: Barack Obama and Joe Biden want investments in a skilled research and development workforce and technology infrastructure to be supported here in America so that American workers and communities will benefit. Obama and Biden want to make the Research and Development tax credit permanent so that firms can rely on it when making decisions to invest in domestic R&D over multi-year timeframes.

Deploy Next-Generation Broadband: Barack Obama and Joe Biden believe we can get broadband to every community in America through a combination of reform of the Universal Service Fund, better use of the nation's wireless spectrum, promotion of next-generation facilities, technologies and applications, and new tax and loan incentives.

 

Umm, thats one way to create jobs that obama has been preaching about for months now. Do you not listen? He has clearly stated all of the advantages of using alternative energy. Ending our dependence on foreign oil/energy and creating a new industry that will need hundreds of thousands (millions?)jobs. It will also create a new export, similar to silicone valley. We can be the world leader in alternative energy. If we make that investment, we'll have the best minds, the best technology, and be self-sustaining.

 

 

Old article written about an even older quote before his plan was complete. Highest capital gains rate will be 20% which is what is was before Bush's tax cut. Families with incomes less than $250,000 will se no increase in capital gains tax. Maybe you should read Obama's final tax plan. Then you could make an informed decision.

http://www.barackobama.com/pdf/taxes/Facts..._Plan_FINAL.pdf

 

You can say that over and over and they'll never listen. Its been repeated way too many times.

 

Seriously, after those two thor posts, this thread should've been ovah.

[wiffleball 4,790]

Good God, there are some long articles in here.

 

Let's see, a multi-millionaire CEO doesn't want the guy who's going to take away his absurd tax breaks elected:

 

 

UNPOSSIBLE!!

 

 

Seeing as how BO is going to give a tax credit to every business that creates a new job in the U.S., I'd say this entire post is FLAIL. And WHAT the fock this has to do with Rhode Island is beyond me.

 

 

But, hey, just a Corporate Tax Director here. Go ahead and keep posting your articles.

[GettnHuge 2]

Invest In A Clean Energy Economy And Create 5 Million New Green Jobs: Obama and Biden will invest $150 billion over 10 years to advance the next generation of biofuels and fuel infrastructure, accelerate the commercialization of plug-in hybrids, promote

 

So that's 15 billion a year for 5 million new jobs? Hmm, that comes out to 3000 per year per job. Just enough to put in that swimmin

pool an put the kids through college.

[mighty_thor 115]

So that's 15 billion a year for 5 million new jobs? Hmm, that comes out to 3000 per year per job. Just enough to put in that swimmin

pool an put the kids through college.

 

Do you understand the concept of investing?