Obama says his deal with Republicans has "the potential to create millions of jobs"

[somone]

http://content.usatoday.com/communities/theoval/post/2010/12/obama-tax-cut-deal-has-the-potential-to-create-millions-of-jobs/1

Obama says tax deal will create jobs -- but House Dems table it

Angry House Democrats voted today to table a proposed tax cut extension that includes the nation's wealthiest Americans, even as President Obama said his deal with Republicans has "the potential to create millions of jobs."

The House Democratic Caucus said in a statement that it rejected the proposal on a voice vote, and "the decision means the package will not be brought to the House floor for a vote this year."

That may not be the last word. White House spokeswoman Jen Psaki downplayed the development, saying the "House and Senate are working through the normal process of bringing a bill forward and we are confident that the major components of the tax framework that we fought for will remain in the final package brought to the floor and ultimately passed by Congress."

Back at the White House, Obama stressed the stimulative effects of the proposed tax cut deal today, telling skeptical Democrats that it "would boost economic growth in the coming years." "It will provide businesses incentives to grow, invest, and hire," Obama said at a meeting of the President's Export Board...

[Cant trust em]

1. My guess is that won't create jobs as much as not cause a negative demand shock

due to increased tax payments.

[Hawkeye-X]

2. BULL FUCKING SHIT.

If * tax cuts netted only 120,000 jobs in 8 years, what makes you *THINK* the extension will work?

[dennis4868]

Every economist...

including Paul Krugman says it will create a couple of million of jobs....your argument does not make sense because the tax deal is more than simply extending the Bush tax cuts....Obama got in return alot of economy stimulating tax cuts....

[Javaman]

27. Please name them. nt

[dennis4868]

29. See the lInks I have provided....

EVERY ONE AGREES THAT THE TAX CUT DEAL WITH CREATE JOBS!

http://voices.washingtonpost.com/ezra-klein/2010/12/cap...

http://www.startribune.com/business/111472509.html

http://economix.blogs.nytimes.com/2010/12/07/just-how-s...

www.politico.com/static/PPM191_taxjobs.html

[Javaman]

38. I will check them out. thanks. :) nt

[City Lights]

34. Except for those mentioned in this piece...

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x9733424

:shrug:

[Lint Head]

17. You beat me to it.

[DeSwiss]

24. +1000

[L0oniX]

3. In your f*cking dreams.

[Gin]

14. the white house is confused....the jobs created will be in South Korea

not here....if the 8 years of the bush-league thugs show anything...it is the tax cuts do not produce jobs in this country.

[myrna minx]

4. It's good that we *now* know he subscribes to trickle down economics.

I would have like to have known this during the primaries, though. :eyes:

[alsame]

15. +1. Now I have to add trickle down to my list of GOP

principles that have been added to the Democratic agenda. :banghead:

[piratefish08]

5. is anybody really buying this shit anymore?

:rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl:

[OhioChick]

6. Heard that before n/t

[2Design]

7. delusional

[KansDem]

8. Didn't we hear this 30 years ago? 10 years ago?

What's unemployment at now? How many jobs have been lost?

Why should we believe it this time?

So many questions...so few answers.

[GodlessBiker]

9. The tax deal maintains the status quo. How has the status quo created jobs?

[andym]

10. It will create jobs, just very inefficiently

for the huge cost involved. There are better ways, but the GOP is blocking them.

This is about the whole package, not the taxcuts for the wealthy which is the most inefficient of all, and just a waste of money.

[quinnox]

11. God, he is now using GOP talking points, cutting taxes for rich will not

not create jobs, if it did, where are all the jobs from the Bush tax cuts?

[Tierra_y_Libertad]

12. That's going to have to be a helluva lot of trickling.

[gratuitous]

13. THEN WHY AREN'T THERE ANY FUCKING JOBS *NOW*?

Damn it, I could have sworn John McCain and this supply side bullshit were defeated back in the 2008 presidential election.

[Catherina]

16. .

[DearAbby]

18. Ten years wasn't long enough....just need some more time

American people are just too anxious, have little patience. Just too pure and pious...no wait, wrong speech...ah here, it takes time for the wealthy to create jobs with their tax cuts.

[Hell Hath No Fury]

19. And how many homes were --

saved through the loan modification program? And how many jobs were created - not saved, created - by the stimulus?

Your forecast numbers, President Obama, tend to have a history of being wildly off.

[kentuck]

20. What changes?

everything stays the same as it has for the last two years and for the last ten years. What has changed?

[myrna minx]

25. The starving of Social Security is part of the fun new package.

:hi: We have trickle down economics and the destruction of Social Security. It's win/win. :puke:

[Nite Owl]

21. Sounds like a familiar tune...

only Bush was the last one to be singing it.

[KharmaTrain]

22. A Zero-Sum Game...

Keeping the tax rates where they're at...which didn't "create jobs" in the past 7 years sure isn't going to start now.

So I assume he's refering to the payroll tax "holiday". It may but that does little to spur spending that is the only catalyst to jump starting this stagnant economy and creating jobs. All the tax cuts won't make someone hire if there isn't anyone buying their product. Pretty basic economics to me.

Just cause Geitner and Bernake say it doesn't make it true...

[Javaman]

23. And, conversely, it potentially won't create a single job.

I really tired of being fed Bullshit and told it's chocolate.

this bill fucks the poor, fucks the 99er's and the rich reap the benefits as usual.

They laugh at Obama now.

[MrTriumph]

26. Don't forget what Obama says about benefits of trade with India...and Korea next.

Obama has a Credibility Gap.

[Coyote_Bandit]

28. Ummmm......

First off, these are not new tax cuts. Extending these Bush era tax cuts will not add new money to the economy to stimulate job creation.

Secondly, even if they did add new money to the economy, any potential for job creation would be dependent upon the effects of those cuts trickling down through the economy - any benefit to those at the bottom of the pile is dependent upon the greed and fear of everyone who has an earlier opportunity to stockpile some of that cash or use it to pay off existing obligations.

Saying this has the potential for job creation is the illegitimate cross-breeding of political and oppportunistic obfuscation and voodoo trickle down economics.

Apparently there are some House Dems who have more common sense, more spine and more intelligence than the President. With any luck I will see some of their names on my next Dem primary ballot.

[subterranean]

30. Tax cuts, "free trade"...it's sure to work this time, right??

[GSLevel9]

31. Does he really believe that?

What's next?

[Fla_Democrat]

32. Bill Clinton is no longer

the best president, the Republicans ever had.




:smoke:

[dgibby]

33. In what country? n/t

[Overseas]

35. It would create more jobs if it was more Democratic demand-side focused.

All we need to do is strip out the budget busting Cash for Hoarders.

The ultra-rich and corporations haven't spent their profits by creating jobs here in the USA.

Put the Republicans on the defensive-- get them on the record against the middle class and poor-- just to get billions more for the top 2%.

It is not Democrats, hoping to keep homelessness at bay, that are sanctimonious. It is Republicans who pretend tax cuts for the ultra-rich are absolutely necessary.

Millions of us know Republican supply-side economics has failed. It crashed our whole economy. We voted Democratic because we want demand-side economics. We don't want more bridges to collapse across our country. Put us to work repairing the infrastructure allowed to decay to finance the Bush Wars and we'll spend that money immediately, keeping our local economies afloat.

And "Here's the Deal" Joe Biden -- we are haunted by the compromise because we have been horrified by the idea that your Deficit Commission has preferred to propose cutting demand-side social safety net payments instead of starting out by curbing war profiteering and letting the ultra-rich pay the modest increase in taxes to the level of the Clinton era.

Supply Side aka Dribble Down Economics FAILED.

We need Democratic Demand-Side Economics. That is the most pragmatic approach.

[Hubert Flottz]

36. Who needs more jobs...

in China?

That's the only place rich republicans want to create work.

[Angry Dragon]

37. Is he willing to give a guarantee on how many WELL PAYING JOBS