We've got a bad, bad economy.............

[mark]

...............................This guy said back about a year ago that he projected 2.6 million additional jobs for 2004. He was ridiculed and scoffed at by dems & our good buddies in the press.

But he was close in his predictions. Not 2.4 million, but 2.3 million additional jobs for 2004.

Also, it's possible that unemployment might dip below 5% this year, which would be the lowest unemployment rate since 1973.

The reason for all of this? Cuts in the personal income tax.

Thank you George Bush.

http://www.townhall.com/columnists/larrykudlow/lk20050109.shtml

Imagine what the economy would be like if a larger tax cut & gov't spending cuts were implemented??

Comments?? ................see ya Mark

[tkcomer]

Hmmm. You have to remember, it was WW 2 that brought us out of a depression. And we stayed on top for years because we had destroyed the other country’s ability to make anything. The thing about these reports is they don’t mention what jobs are up. Is it the low wage service industry? Are companies finally forced to hire because they have no idea when the “Temps” will be back from overseas? I saw a report from last year that said the largest growing section outside the service industry was government workers and companies serving the government. Guess who pays those salaries? Could this be one of the many reasons the states and feds can’t get their budgets under control? An almost 600 billion dollar budget for the military will hire a lot of people to keep the tanks, ships, and planes going. I’d rather that money go to cops than people building bombs. And the Homeland Protection Act has caused quite a stir. It was even in the Ledger about states trying to figure out how to twist that money in to fixing roads. Once I see the federal debt, not the deficit, go down, then will I start to breath a little easier.

[mark]

..........you & I agree about the debt situation, We've talked about that before. We all have started out with lousy jobs making very little $$ & eventually moving on to better things. I don't care what kind of jobs they are because there is a need for all jobs somewhere in society.

The main reason I posted this thread is to expose the hypocracy of the liberal press. They knew this news all along but now that the election is over, they don't mind printing or talking about it.

Yes, cops aren't paid enough for what they do..........and..........rarely get the respect they deserve anymore...........see ya Mark

[tkcomer]

I guess I look at the business section of the newspapers too much. There are way too many stories about this companies cutting back, another going into bankruptcy to get out of paying retirement, how to do more with less. Things like that. In other words, companies are shedding higher paying jobs. But it’s a good time to be a trucker. Gots to move those imports from the shipping docks to us. I admit, I lucked in to a good paying job. But I have way too many friends and family that work harder than I do at some low wage factory and watch it close. And I’ve lost track of way too many friends that left this town to find a job, any job, that pays more than 10 bucks an hour. And the gurus tell about the success women have had in the workplace. Talk to them. A huge amount are there because their husband’s wages can no longer support a family. That’s why I question what jobs are being added. And when the government creates a new program, that’s not creating jobs in a sense. That’s taking money from one group of people and giving it to another. Not a bad thing. But not a good thing when you’re up to your eyeballs in debt.

[Phat Lou]

Bush claims to have created 2.3 million new jobs? Funny, since we've lost 2.7 million jobs since he took office. And these new jobs aren't "new", they are just jobs that are redirected into the lower paying service industry. As for the tax cuts, I'm glad you're one of the one percent who benefit. My pocket book is stretched week to week. Health insurance premiums, drug, and gasoline prices are all out of control. This administration are masters of manipulation, and they have pulled the wool over this country's eyes. Claims of 2.7 million new jobs, a hopeless war, and a reelection proves it.

[mark]

..............BTW, I am one of those few who benefitted from the tax cut & loved the chance to spend my $400 per child tax cut that I rec'd back. Here's a section of a post that I added to this site back in March 2004 relating to this very subject about tax cuts & jobs:


Domestic policy: The dems are using that same ol' line that has been used for years now. Republicans give the rich a tax break & not others. Well, here's 2 thoughts about that nonsense.
1. The rich needs a break because, I've never worked for a poor man before & neither has anyone else reading this. The rich are the ones who invest their $$ so the poorer ones in society can have a job. period.
2. Everyone rec'd a tax break of $400. per child in the last few years. As a person who delivered 100's of those checks, I had NO ONE send the checks back to the gov't cause they didn't need them---even democrats.

I will give Kerry credit for one thing. He promised 10 million new jobs in the next 4 years. With the unemployment rate being the lowest in years, I'm curious to see how that will be accomplished. He must be willing to put underage kids to work, I guess.

Here's the whole thread if anyone wants to read it.
http://www.maysvillekybbs.com/forums/showthread.php?t=1600&highlight=delivered


I believe the above statement still holds true today.............see ya Mark

[Phat Lou]

The $400 was just a way to buy votes! It did absolutely no real long term good. Our "tax break" would have much better served America's working class by funding education or help get our health care crisis under control. Your $400 did nothing but add food to the troughs for the pigs to slop up and make them fatter. And by that I mean corporate America, the true enemy to American entrepreneurship.

[Eddie]

I to got the tax break Mark and I also enjoyed it. I think it did boost short term manufacturing growth, but only for about two months. Short term growth does not create many jobs, and the ones it does generaly ends in a layoff. I was recently reading an interesting post in a newspaper. I cannot attest to the factuality of this article so take it for what it is. The article spoke about the manufacturing growth the US saw in late 04. In the article it explained that one of Bush's economic commities which controls the quarterly growth reports re-clasified some business in late 04, and prior to the election as "manufacturing", in order to make the 04 job growth look better than it was. According to the Bush economic cabinet, Burger King and McDonalds are now classified as "assembly manufacturing". I guess because they put the happy meals together. Nothing wrong with those jobs mind you, and I respect the time out of the employees who do them, I just don't see them as manufacturing.
The bottom line is we have Bush for four more years. I only hope for all our sakes, this economy can turn around in 05.

[mark]

.......$400 to buy a vote?? Funding education?? I can't believe I'm reading this. We spend more $$$ per student that anywhere else in the world & look at the results. We still have students that cannot write their name. The answer isn't spending more $$$, it's hiring qualified teachers, releasing the poor ones & holding teachers & students to higher standards. Quit this nonsense of outcome based education & get competition back into the mix.

I still stand by what I said, the $400 of my money is well spent. I still believe in Reagan's "trickle" down economics, despite what liberals say. Anytime you get money back from gov't you generally spend it. That moves the economy & that's why I believe the rich man need a tax break too.

When a man like Carl Lindner gets a tax break, guess what?? Yes, the man builds another UDF. That means spending $$ to build it, stock it, & add employees. We are in the same boat, only on a smaller scale.

If you spend NO money, others suffers also with job layoffs.

Just ask the boat workers when the "Luxury Tax" went into effect during the Clinton administration. The rich simply bought their boats from overseas to avoid this tax & the boat workers were "out of work".

Yes, any tax break helps the economy...............see ya Mark

[Eddie]

Mark,
I want to add one statment about the schools. I think we have qualified teachers, what our schools need is qualified parents. It all starts at home.
Oh, one other thing, the rich don't invest their money so you or I can have a job, they invest their money to make more. Nothing wrong with that, just the way it is.

[Chuck]

$400 and the promise of more tax cuts was a Major factor for re-election for Bush. If it wasn't then why did we debut it as a issue in October?

I think you read too much into Phat Lou's statement.

As long a Republican gloat and down talk the Democrats there will be the separation of the people. You got that "Doc' guy on the radio once or twice a week that all he does is bash Democrats and tell us how stupid we are. How we are the "NEW" 2nd class citizens.

We have no new jobs in our area. The same people are unemployed and going off the system so we don't count them anymore on the Unemployment Statistics. Only cause they don't get a check.

2.7 Mil jobs lost when Bush came into office. We felt that here locally, HARD. You say 2.3 Mil new jobs, I just ask where. I got Friends read this thread and asking me where are these new jobs cause they will move to them..

[Eddie]

Chuck,
It does seem some areas of the US are doing well with job growth. I have been in Nashville Tn and just returned from Allentown PA this week. Both of those areas seem to have a very high job market right now. It seems they can't find enough people to work there. I'm not sure about their cost of living, but most of the jobs seemed to run around 15 to 17 dollars an hour. That may be the same as 7 dollars around here when you factor the cost of living in I'm not sure? You are correct about our area, we have some problems with job growth. There are too many empty warehouses.... Lets hope something new moves in soon.