Comments on: Support tax credit to create jobs?

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Mon, 26 Oct 2009 07:51:11 +0000

[...] Support tax credit to create jobs? | The Biz Beat [...]

By: bammer

bammer — Mon, 12 Oct 2009 12:40:23 +0000

Every time I see Obama on TV talking about ObamaCare, cap and trade, gays in the military, the Chicago Olympics, Nobel Peace Prize, Skip Gates, or leading some dumb, useless session a the UN means he is not working on creating real, private sector, small business JOBS. It reminds me he probably couldn’t meet a payroll at a Chicago parking lot without government assistance.

By: ViewFromMidtown

ViewFromMidtown — Thu, 08 Oct 2009 23:55:42 +0000

I’m sure all the Republicans here will support his since Gov. Perdue and the GOP-controlled legislature promoted and passed job-creation tax credits here in Georgia not long ago. Those credits are a big part of the reason NCR is moving to Gwinnett.

By: Sagegirl

Sagegirl — Thu, 08 Oct 2009 15:18:52 +0000

Hmmm, let’s see. My job is ending tomorrow because my employer, in it’s infinite wisdom has moved my work to Malaysia to save on costs and grow the global economy. Good going IBM!!

By: Del

Del — Thu, 08 Oct 2009 14:41:10 +0000

HDB evidently you haven’t been around very long or you failed to do your homework before commenting. You overlooked the Jimmy Carter administration’s failure, Clinton was coasting through two terms and Bush had to turnaround the 2000 recession. Now you have Obama who has no previous experience trying to campaign through his first year in office to cover up his incompetence.

By: HDB

HDB — Thu, 08 Oct 2009 14:19:04 +0000

Thogwummpy: if you really looked at the Bush tak cuts, they did NOT spur employment; what they did was spur PROFIT! More people LOST jobs under the Bush Administration than they did under Clinton! There was NOT 50+ months of growth; there was about 36+ months of job losses in the first term…..and over 7M jobs lost over Bush’s 8 years! If you look at history, every time a Republican gets into the White House, the nation’s unemployment rate RISES….and the time period it takes for one to find employment rises from the average of 90 days under a Democrat to over 240 days for a Republican!! If the CEO of Ben and Jerry’s Ice Cream makes only TEN TIMES the median salary of its employees…and the preponderance of American CEOs make 500 TIMES that salary…AND REWARDED FOR LAYING OFF AMERICAN WORKERS….the motivation is incorrectly placed!!

By: Cynthia

Cynthia — Thu, 08 Oct 2009 14:16:27 +0000

I think it’s a good idea and an incentive for companies to start creating more jobs. It is tough out there for those out of work and competing for every opening along with thousands of others. I say let’s move ahead on this plan.

By: Del

Del — Thu, 08 Oct 2009 14:07:27 +0000

It appears that the combination of the global economy and out of control growth of federal government has not been good for America. We have a bloated government populated with politicians with no experience in business and thus zero business acumen. It’s not rocket science, When you open markets to foreign competition from countries that have labor costs far below ours you lose competitive parity. Bad things happen your trade deficit grows, domestic producers can’t compete without sacrificing quality control and R&D. Outsourcing and off shoring production occurs with American jobs being lost. Hopefully, we haven’t gone down so far that we can’t get back up but it will take Americans getting rid of career politicians, instituting term limits so that have a continuing flow people in government with real world experience.

By: HDB

HDB — Thu, 08 Oct 2009 13:30:11 +0000

Soothsayer is definitely on point! American businesses, by taking manufacturing offshore, has been a large part of why this nation is in the economic fix that it’s in. The USA once led the world in manufacturing; now, we lead in consuming! I, like the preponderance of Americans, want to work, support my family, and partake in the American Dream. To motivate American business to employ Americans should be a part of the national ethos; instead, the maximization of profit at the minimization of labor is now the corporate mantra. When CEOs of American corporations make almost 500 times the median salary of their employees, something is quite skewed here!!

By: Soothsayer

Soothsayer — Thu, 08 Oct 2009 13:18:04 +0000

Thogwummpy:

Let me get this straight: if we were to lower the corporation tax to 0%, all the corporations would close their foreign factories and move those jobs back to the U.S.? Is that what you’re saying?

Rather than name calling you should research “transfer pricing” and also how corporations are taxed on foreign source income.

The Bush tax cuts did not pull us out of a recession. Only the lowering by the Fed kept the U.S. from returning to a recession. By so doing, coupled with ease of borrowing, created the housing bubble that has virtually bankrupted this country.

You see, your whole mentality revolves around this mythical populace who wants to live off your earnings. That is simply not true except in your mind. You believe that your taxes are taken from you and taken directly to some layabout. Again, this is simply not true. I believe 99.99% of Americans are good, hard-working people who, through no fault of their own, are facing unbelieveably hard times.