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Friday, June 8, 2012 | 2 a.m.
While the popular debate surrounds whether raising or cutting taxes is best for the economy, or whether reducing or maintaining a high federal expenditure rate is better, real events are emerging in America and the rest of the globe that will actually shape our economic future. These other events create the true markets for goods and services and are often unforeseen and unpredictable. These events are nevertheless the real ones viewed by millions of businesses (e.g. the boom in horizontal drilling and gas and oil fracking) that ultimately determine what decisions they will make concerning investment, job creation and expansion. Based on this proposition, it becomes critical that the general climate for business be conducive to making such investments.
Under the Obama administration, there are stringent regulations (such as environmental ones), uncertainties as to future taxation policies and legislative burdens such as Obamacare that dampen the responses that businesses will make to new opportunities. Therefore, because most are fixated on fiscal policy, important opportunities are missed to create the right kind of climate for investment and job creation that will lead to a more robust recovery.
In my view, it should now be obvious that, from a general perspective, the Obama administration does not grasp the fundamental principles that lead to true prosperity. There will be disagreement from many on the left who adhere to egalitarian values, but we must now change and install experts in government who understand the basic drivers that lead to capital formation, job creation and economic expansion.
I agree with the letter writer. The anti-business Obama doesn't grasp the important role private investment plays in economic growth. Enclosed is a chart showing the correlation between private investment and unemployment(third graph on page). This third chart shows that higher private investment leads to lower unemployment and, conversely, lower private investment leads to higher unemployment. A President with pro-growth business policies will spur private investment, create jobs and grow our economy again. Obama, unions and Occupiers do not create jobs, businesses do.
http://johnbtaylorsblog.blogspot.com/201...
Obama needs to listen to Bill Clinton who in the last week told Obama not to raise any tax rates in our current recession. And to support tax reform and rate hikes to increase revenues.
Obama also needs to listen to Bill Clinton and Cory Booker who supports private businesses and called Romney a stellar business man.
To get rid of the uncertainty we must eliminate Obamacare, and the thousands of new rules and regulations.
earth to houston : why don't you get a real job instead of shilling for the koch brothers. A homeless guy at least has some honor ; Freeman and you relinguish your rights as American citizens for a few dollars. Are we to believe that Republicans or trickle down economics is going to help us ?
It would be foolish to believe that the petro-terrorists are going to help us since they started two wars, crashed the economy, oil slicked the gulf of mexico,and trash the atmosphere every minute. I suppose Obama is about as antibusiness as Carnegie and Rockefeller. His stimulus was all tax cuts, His health care bill was for the rich doctors and insurance companies. You can't get more deregulation in markets than Geithner and Summers. It can't swing more in the "job destroyers" favor right now to say it's not is intellectully dishonest.
It's totally misleading to call the Obama Administration anti-business. It is definitely pro middle class. Perhaps the writer sees that to somehow be in conflict with business interests.
As for the writer's distatste for environmental regulation, I am sure there may be a few that are unnecessarily burdensome. I'm also sure that was true during the Bush Administration. The fact is we have these regulations because business has proven themselves to be poor stewards of the environment in the past.
President Obama's visit to Las Vegas and his campaign speech at UNLV shows that he has not changed much in 3 plus years. He's still the eloquent political speaker ready willing and able to engage and excite people of all ages. But after that, there's nothing else. If the USA had a permanment political job for campaigner in chief, Barack Hussein Obama would be the absolute best for it. Sadly the USA doesn't despite the president's attempts and efforts over the last 3 1/2 years to get one going.
CarmineD
Who oil slicked the gulf of mexico ?
Was it those "stringent" environmental regulations that trashed the Gulf of Mexico or perhaps the problem was none at all ? The man with the rats name and other republicans will make things much worst
loser trickle downers like ensign and w are not empty suits ?
Nothing new coming from those who sleep over on the right....
Their attitude never changes and they continue to spin the facts & re-write history.
Yep, things were a lot better under "clueless" George. The two wars that junior took us to and his tax breaks for his rich buddies were just what we needed.
Why look at all the jobs that junior created....of course most of them (90%) were created in such places as China..
3.8 million jobs in 8 years...Yep, that George was a job creator, wasn't he?
Also, the fact that he NEVER produced a balance budget in 8 years was just "wonderful." Keep in mind that Texas George couldn't even balance the budget despite the fact that the cost of the two wars were NEVER included in his budget...
Yep, let's all go vote for the Mitt guy. He's a another George W, just a shade smarter & a little richer.....
I'm sure he clearly understands the situation that most Americans find themselves in & he is concerned about the fast disappearing middle class..
Saul Alinsky- better American than most oil company executives, James Imhoff and other corporate shills.
The republican letter writer, Bob Jack, hates President Obama.
Yawn ... So what?
This is who a large majority of the American public dislikes, even after being out of office for nearly four years --
CNN Poll: George W. Bush only living ex-president under 50% http://politicalticker.blogs.cnn.com/201...
Bush the elder is far more popular than his lame offspring. Bill Clinton is still massively popular, despite the Teabaggers unsuccessful six-year investigation and attempt to impeach him.
CNN poll --
"Bush's father, George H.W. Bush, gets a 59% rating, with 34% saying they have an unfavorable view of the first President Bush, who was elected to the White House in 1988. Bush was defeated in his bid for a second term by Bill Clinton, who has a 66% favorable rating in the poll. Only 31% say they hold an unfavorable rating of Clinton."
This administraton and Congress has been just like the ones before in far too many ways.
Don't address the waste, fraud and duplication in the Federal government. Don't re-write the income tax code. Don't address the funding issues of SS amd Medicare. Keep printing and borrowing money so the debt and deficits don't have to be addressed. Keep our interventionist foreign policy in place.
Do I really need to list any more? One side alone cannot cause all this inaction and negative actions over this amount of time.
It is both parties that are so intent on winning that they will un our country in such a terrible manner.
We have to stop buying the lies and demand better.
Michael
The anti-business Obama failed to create an environment for economic growth in the private sector. Obama spent two years on his Obamacare when he should have addressed the top three American concerns which are jobs, the economy and debt/deficit spending. The Obama $861 billion dollar stimulus didn't create the necessary job growth predicted by Obama economists when the stimulus was passed. Below are the projected unemployment numbers given to us by Obama's economists with the stimulus spending applied. The unemployment rate has been above 8% since 2009 and now its 8.2%. What happened? Where did the stimulus money go and why did the stimulus not lower our unemployment rate as promised?
Projected Unemployment Rate with Stimulus
2009 Q3 = 7.9%
2010 Q1 = 7.7%
2010 Q3 = 7.5%
2011 Q1 = 7.3%
2011 Q3 = 6.9%
2012 Q1 = 6.5%
2012 Q3 = 6.1%
Permitatorium. When Obama says we're drilling without actually being allowed to drill. But hey, whatever it takes to get re-elected.
Mike: "Do I really need to list anymore?"
Would it really matter if I said no?
The reason business is in the funk is because for going on 4 yrs now we have had negative interest rates. It is a war between Speculators and Savers. Savers are getting creamed.
You cannot have Capitalism without Capital, duh. Real activity not made-up cotton candy business pumped out the backdoor of the Fed.
Now the reason we have negative interest rates is because essentially the Banks (and most businesses)are bankrupt. This condition is essentially the same for Europe. The System is struggling for air under a 54 Trillion dollar public and private debt load. If derivatives are included the total tops 500 Trillion.
There will be no lasting recovery it is just mathematically impossible now. Obama is nothing more than a proxy for broke bankers. The only question left is how long before the entire house of cards collapses? Their goal is to make the patient comfortable and hope they die in their sleep.
ALL of the other issues really matter for beans. Compound living is not sustainable. Something for nothing is not a model to run a country on. It may work for us in Nevada with our Casinos, but beyond dreamland it should not stray. It has, badly.
hooker, why is tourism setting records along the "trashed gulf"? What the world needs is more eco-whacko drama queens.
dipstick, W's smirking mug will never be on Mt. Rushmore.
Sadly, the former GOP standard bearer is now the official leper of the right, having been completely disowned by the same loons who were once his most adoring fans. But it is a predictable reaction for a miserable failure whose legacy is two multi-trillion dollar, mismanaged wars and the worst economy since republican Hoover's Great Depression.
"why is tourism setting records along the "trashed gulf?"
Because southerners like to swim in oil.
It's not called the Redneck Riviera for nothing.
Entitlements costs then/now/future(projected by CBO):
1990 = $984 Billion
2012 = $2.4 Trillion($2,400 billion)
2021 = $3.2 Trillion(3,200 billion)
Total Government Spending
1990 = $2.05 Trillion
2008 = $3.03 Trillion
Clearly, the cost of entitlements is growing at an unsustainable rate. Our current deficit is $1.3 trillion so we're not even paying for what we spend today. There are zero plans so far from democrats to rein in entitlement costs. Sorry folks, that is not leadership. Americans want to see solutions. Americans see what's happening. American's three biggest concerns are jobs, the economy and debt/deficit spending and democrats have failed to ease these concerns. It's time for a new leader in the white house who will address these concerns.
Obamacare taxing medical device manufacturers will create jobs. LOL!
Refnv states, "American's three biggest concerns are jobs, the economy and debt/deficit spending ". You are exactly right. It began in 2007, did you live in Las Vegas at that time. The second biggest industry, the construction industry, began downsizing at record numbers. Being enamored with numbers you should remember this timeframe. Shall I name every line of business that was and still is affected by the demise of the construction industry in Las Vegas????? So yes, American's and particularly Las Vegans are concerned about jobs and the economy, but their concern began in 2007, and the recession did not end in 2009. So what is the unemployment number in Nevada; how about Las Vegas. This began in 2007 and who was the President at that time? Hum! I wonder!!!!!! It was pure greed and maybe a lack of oversight on government's part that got us in this position. Your numbers were interesting at first, but now they are just a "Whatever"! And Yes many of those people lost their homes, possessions, healthcare, and a myriad of other personal items. Many became homeless and without food because they did not have enough money and there were no jobs. The Employment Section of the RJ was reduced to just a couple of pages. This is America we take care of our citizens.
is any other loyal sun reader disgusted with the platform that the editor has given a handful right wingers???
i know i am...
i am sick and tired of reading letters from the same 5 or 6 right wingers...
anybody else???
hey bobby jack...
answer me this partner...
are you paid to write letters to the editor and post comments here???
the reason i ask is you sure do seem to spend an awful lot of time doing it...
do tell...
Dip,
I never expected you would understand the economy and the components of GDP. You're a rhetoric poster and like so many liberals it's hard to defend Obama's economic record so you have to divert & distract. Anyone looking at the above posts by liberals would come to that conclusion. The Wisconsin results and the 2010 mid-term elections shows the democratic party is having a rough go attracting moderate and independent voters. Democrats have lost moderate and conservative democratic members of congress these last few years going from 56 in 2010 to only 10 sure-bets to return next congress. Liberals have tilted the party far-left socialist which makes compromising with a pro-business/free market party next to impossible.
Democrats need to define who they are. Their far left base is the Occupy group which consists of radical teachers/students, socialists, anarchists and unionized workers. As mentioned above, democrats lost moderate democrats in droves these last few years. Who is the democratic party and where do they want to take our country? These questions need answering.
Dip, Obama is a nice guy but I think 3 1/2 years is long enough to give a guy to turn the economy around. Obama ranks worst out of the last 10 recessions in rebounding our economy. That and he hasn't presented a plan to get our economy going again. Admittedly, I'm swayed by the plight of the 12 to 14 million jobless Americans who desperately want to work and earn a paycheck again. Americans are simply tired of the Obama, union and Occupier divisive rhetoric. We need solutions that will grow our economy and create jobs again.
The President of the United states is supposed to try to make life better for ALL the people not just the poor African-Americans and the poor trash that support him. He is the LEADER of the whole country not just the downtrodden. It's just a plain and simple case of a know nothing being elected by the do nothings and Obama blames everybody but himself. Bill Clinton faced tough times as did FDR and THEY got the guddam job done. How? by LEADING the country. Not just flying all over and showing the country how pretty he is.Get a clue ya big donkey!
Roughie,
Be nice or you may get a time out.
Michael Kelly @ 4:25am...
Tell it like it is, bro.
Early & often.
And THEN we have the following:
"Obama is an 'Alinskyist' Socialist in his heart and this reflects in his actions."
NOBODY with an ounce of sense believes that crap, so spare us the empty rhetoric.
Hey, Windbag;
Don't you EVER get tired of propagandizing?
Former college classmates of Willard Romney say he had a Michigan State Trooper uniform which he used to impersonate a police officer when pulling over motorists.
to further the illegal deception, on the roof of his car was a red flashing light which, years later, Willard would replace with Seamus, the family dog.
Just imagine the hair-on-fire outrage of Teabaggers if this story was about President Obama instead of the bagger nominee.
Just another well written bombastic opinion based on partisan politics using generic terms to describe complex issues.
Hey "John Wayne",
Best description of right wing propaganda talking points letters of the day! Well done!
Obama Flip-Flop Alert:
Obama stated this morning: "the private sector is doing fine"
Obama later walked back the above comment: "it is absolutely clear the economy is not doing fine."
Conclusion- Obama is out of touch and in over his head.
Read more: http://www.politico.com/news/stories/061...
this paper has turned into a right wing rag...
hard to believe i know...
hardly worth reading...
in fact...
when i want to the rights perspective...
the lvrj is clearly better...
fewer insults...
less spin...
less arrogance...
hard to believe i know...
As we learned from the GOPs birther zealots, deranged teabaggers have gone off the deep end. Now their bible thumper faction is howling at the moon as well.
Terry Jones, the 'pastor' who made big headlines when he burned the Quran, is obviously a very sick man. Come to think of it, today's extremist republican party has many unstable nitwits just like him.
Secret Service Investigating Terry Jones for Hanging Effigy of Obama Outside Gainesville Church
http://blogs.browardpalmbeach.com/pulp/2...
Terry Jones is a perfect example of the GOP drama queen complex.
Whether it's a US Representative yelling "You lie!" during the president's SOTU address or a right wing Florida bible thumper hanging the president in effigy, one thing is certain; republicans sure do like to mug for the cameras and see their repulsive faces on TV.
http://www.bls.gov/iag/tgs/iag211.htm
There are 190,000 employed in oil and gas extraction. That industry will not put America back to work. It is a small niche industry. Construction, healthcare and the service industry are the businesses that employ millions. Healthcare is exploding on its own. The service industry pays nothing. It's construction that needs the boost.
At least Obama's got a shot ; What do inbred silver spoons have ? Another private equity thief whose going to tax cut oil drill, war monger, and deregulate us to the nether regions with health care just for rich people ?
"A nation of sheep will beget a government of wolves." -- Edward R. Murrow
The US makes up 5% of the population and just over 20% of world output. Europe is dead in the water with 12 countries in recession. China and India are slowing. If the world slides into recession we slide into recession.
We can't sustain 15 trillion in business activity without consumption from outside the US. Heavy equipment, tech and autos all due huge business overseas. Apple sells 30-40 million phones a month and Caterpillar sells huge numbers of tractors overseas.
Economic data lags. We may already be in recession. We wont know for a few months.
We had a tech bubble, a real estate bubble,apparently were having a fossil fuel bubble now. Why don't we have bubbles that actually help people out like a renewable energy bubble no that wouldn't be screwed up enough.
Birdiedreamin,
I totally understand what you are saying and where you are coming from. However, the "right wingers" have the right to Freedom of Speech just like we do. We may not agree with each other, but we all have the right to express our opinions. With respect, it is not the Sun it is the people who are using this as a vehicle to express themselves. I find that this information will be very useful. At first glance, I too found it somewhat odd that there were a lot of conservatives and tea party types that were posting comments. At second glance, it makes sense. Where else would a conservative go in their quest to persuade an independent; they would go to the place they perceive as a liberal venue. The interesting and extremely intriguing part of my hypothesis is their tactical approach, which does not seem to be working for them. If the goal and objective is to persuade, their approach seems to be a little off base. Some of the comments appear to be designed to spew venom with no purpose, but to vent. I have noticed a change in their approach; it is very interesting.
The right wing Brownhirts do not have an objective opinion of their own. They are sycophants that just repost the message from their miserable failure masters-Fox Fraudcasting and the Fascists who were previously known as Republicans.
Vidi,
Exquisitely expressed. Have a wonderful evening. Thank you for sharing your comments.
Another republican clown letter.
How many clowns are going to pile out of that
republican clown car?
Bob Jack, you can't spin anymore extreme, right-
wing, radical BS that will stick here.
You republicans already failed and destroyed our
economy and middle class.
You republicans already sent all of our good
paying jobs to COMMUNIST CHINA BECAUSE OF
PURE GREED.
And now you want to keep killing labor unions and
steal our health care?
Any average American would have to be INSANE to
vote for mega-rich, OUT OF TOUCH ROMNEY.
Republican policy CAUSED BOTH DEPRESSIONS THAT
DEMOCRATS HAD TO FIX!!!
NO, GREEDY, HEARTLESS REPUBLICANS DON'T GET THE
KEYS BACK TO THE WHITE HOUSE!
NO WAY/NO HOW!!!
Vidi......
Great comment, welcome back.
YES, these greedy republicans are a miserable
failure.
They fool no one here. WE'RE NOT STUPID!
It looks like their slave-masters have brain-
washed them for life.
NEVER VOTE REPUBLICAN!
AND.....
PRESIDENT OBAMA created more jobs in 3 years than
bush created in 8 years.
THAT'S THE TRUTH!
Carmine......
Take your blinders off.
PRESIDENT OBAMA has already done a great job,
despite republicans in the House and Senate
trying to block him every step of the way.
YES, PRESIDENT OBAMA'S FACE WILL BE ON
MOUNT RUSHMORE.
ONE OF THE BEST PRESIDENTS, EVER.
"Carmine......
Take your blinders off." Teamster
I did many years ago. Unfortunately, you found them and are wearing now.
Unions are dead and so are you. Dems running in Nov 2012 will lose UNLESS they distance themselves from Obama. Some already have. A liberal Dem from California, Boxer, most recent. She wants to investigate the WH, O, for intell leaks.
Get prepared. Start packing. There's going to be a new President in Wash DC in Jan 2013.
CarmineD
"YES, PRESIDENT OBAMA'S FACE WILL BE ON
MOUNT RUSHMORE." Teamster
No. His head's too big to fit.
CarmineD
Raise INTEREST RATES already. If we want enterprise to work again, we must enable the ability of markets to work. Who's going to front money to any business if there is little to no chance of a profit and limited chance of return of capital? And then some would tax your loss???
Markets are dead we need a jobs bill, Long live Social Security, Medicare and government regulation
This not going to be a good year for our Socialist Democraps. After he loses the presidential elections in a landslide, Odumbo will relocate to Hollywood and become an actor in B films. He's clearly in over his head on anything that requires cognition or intellectual persistence.
SS and Medicare are earned, to an extent. Could we stop accusing retired WORKERS of being on welfare? Can we KICK START CONGRESS into fixing SS and working on Medicare? If we extend any tax cuts (done already) we could adjust SS taxes to higher income levels (NOT done already) to offset some but not all cuts? The rest of Medicare could be fixed by coverage changes--perhaps like the State health care plan--"free" preventive care, major medical coverage but YOU PAY for treatments up to the maximum out-of-pocket--or copay as you go on those who develop chronic conditions, hypochondriacs, those who refuse to participate in health--refusal to stay in semi-decent shape... i.e., low to no premiums for senior Americans who stay in shape and stay healthy and those who smoke, drink, eat themselves in obesity....can pay more. We could have a different maximum annual out-of-pocket. We cannot keep increasing premiums and costs for all seniors to pay for those who run to a doctor twice a week, need it or not. Maybe even get a form of Medicare for those age 62 or so AND retired--some sort of reasonable premium. Should appease those insistent on working towards a government-sponsored minimum level of health care.
The housing Fraud Bubble grew and then burst under the Fascist Criminal Enterprise of covert president cheney and his puppet bush with their narrow minded ideology of totally unregulated capitalism.
The bursting of the Bubble resulted in the almost financial market collapse and then Great Depression II. the results:
The loss of $34,000,000,000,000 of America's wealth that took over 200 years to create.
The loss of millions of jobs.
Millions of homes foreclosed, millions more to follow, and millions of homeowners underwater.
The average loss of $100,000 in homeowners equity.
Approximately 140,000 families pushed into poverty.
Full recovery will not take place for decades.
Do some math-The USA GDP is approximately $14.5 Trillion. Pick any interest rate from 1 to 10 and compound it for the number of years that the $34 Trillion would be restored.
In 2010 the so-called republicans used the Big Lie to blame President Obama and the Democrats for Great Recession II, and they were able to gain majority control of the House of Representatives where they voted against any legislation that would create jobs.
The irresponsible so-called republicans intentionally made the economic situation worse for the American people in hopes they can gain total power in 2013.
Where is the record of success of the so-called republicans?
They are the party of miserable failure, time and time again!
Housing Fraud Bubble:
Developers pressured appraisers to increase the value of their homes and many complied. In the hot housing markets-SNV, SCA, AZ, FL, and a few other places home prices increased from 70-100%
RE brokers, mortgage companies, and banks signed up sub-prime buyers when they knew approximately 25% would default.Add to that the flippers and straw buyers for the realtors.
They were sold up in packages to the Wall St. investment houses and big banks where they were chopped up and taken to the credit rating agencies where they were given triple A ratings-very low risks, when they were very high risk.
The Bank Fraudsters took out CDS, informal insurance, and then sold them around the world, to pension funds, states, cities, and county entities, etc.
These big bank fraudsters were leveraged at over 40 to 1. They never used their algorithms or pragmatic banking. They were only interested in criminal greed. Normal banking is 10 to 1 and if the economy is growing they could go up to 14 to 1.
When defaults started pouring in and they could not stem the tide they even took out more CDS.
Goldman Sachs, one among many, short sold their own products which cheated their own investors. They collected on the CDS and from short selling.
Before the almost financial market collapse Merrill Lynch was selling their toxic assets for 22-27 cents on the dollar.
As early as 2004 some people were sounding the alarm bells but no one would respond, and some even were fired.
The Housing and Financial Fraud was one of the biggest in history
TEA......
You read books?