calfoxwc Posted December 9, 2009 Report Share Posted December 9, 2009 The Obama 'Jobs Summit' Who In the White House Has Ever Created a Job? by Newt Gingrich (more by this author) Posted 12/02/2009 ET Tomorrow, the Obama Administration will hold its much-hyped “jobs summit” in Washington, D.C. Plenty of politicians will be there, as well as labor bosses and academics. No doubt, some business representatives have been recruited to attend as well. Today, in contrast, a very different group of Americans will kick off a series of “Real Jobs Summits” in Cincinnati. Tomorrow, we will be in Jackson, Mississippi. Instead of politicians who talk deceptively of “saving or creating” jobs, we will have entrepreneurs who have actually created jobs. Instead of so-called “experts” who offer theories, we will have small business people who know the reality of joblessness in America today. Ask yourself this: As the Obama Administration convenes with the so-called “experts” in Washington, how many in the White House have actually created a job? A Jobs Valley, Not a Summit What the Obama Administration is promoting as a jobs “summit” tomorrow is in fact a jobs valley. After 10 months and the authorization of $787 billion in government spending, the economic policies of the White House and the Democratic Congress have failed. 15.7 million Americans are out of work, 3.2 million of them since the stimulus was first passed in February. Unemployment, at 10.2 percent, is higher than the President promised it would be if he did nothing. The Obama-Pelosi-Reid economic policies are hurting, not helping. The stakes are high, and no doubt the White House and the Democratic Congress (as does every American) would love to see the jobs numbers improve. But three fundamental facts of their approach are crippling their effort: 1) Ideology 2) Interest Groups 3) Personnel Number 1: Ideology. Secular Socialism Has Never Worked to Create Jobs and It Won’t Work Here The mainstream media roll their eyes and laugh at the term, but the Obama-Pelosi-Reid economic policies are genuinely secular-socialist policies. Their central purpose is not to create wealth but to redistribute wealth. The problem is this big government, high taxing, big bureaucracy and politician driven model simply does not work to create jobs. It was the model of the United States in the 1970s and the model of Europe today. It has never worked anywhere to create jobs and wealth, and it won’t work here. A Very Different Ideology: Free Market Capitalism As the Obama-Pelosi-Reid machine attempts to force its secular-socialist model on Americans in the form of job-killing health, energy, and big labor legislation, American small business people are crying out for a very different set of solutions. These are the solutions that will take center stage at the American Solutions Real Jobs Summit in Cincinnati today. They are the solutions of Ronald Reagan and the Contract with America. Reduced taxes to spur jobs and investment. Controlled government spending to favor entrepreneurs over bureaucrats. Reduced regulation and litigation to produce jobs and create wealth. If the goal is more jobs, both history and the opinions of American business people couldn’t be more clear: More economic freedom works, more government doesn’t. Number Two: Democratic Interest Groups. Redistributing Rather Than Creating Wealth The second fact that cripples the Obama-Pelosi-Reid jobs effort is the liberal special interest groups these politicians are beholden to. Trial lawyers, labor unions and government employees are redistributors of wealth, not creators of wealth. When Democratic special interest groups meet, there is practically no one in the room who has created a job. The American Solutions Real Jobs Summits will work with those who create jobs and wealth to make their jobs easier and their success more likely. Our interest groups are the engines of our economy -- the small business owners and entrepreneurs whose voices aren’t being heard in Washington today. Number Three: The Obama Cabinet. The Least Private Sector Experience in Over 100 Years The third reason to doubt that the Obama-Pelosi-Reid economic policies will produce more jobs is succinctly illustrated in this graph. It shows that the Obama Administration cabinet has far less private sector experience than any administration in over 100 years. A stunning 90 percent of the prior experience of the Obama cabinet is in government, not the private sector. These are the people America is supposed to listen to in order to create new jobs? American Solutions, in contrast, is building a Small Business Advisory Council, a network of entrepreneurs with long experience in job creation. The American Solution Jobs Here, Jobs Now, Jobs First Solutions These experienced entrepreneurs have helped us formulate a real plan for real job creation that we can enact right now to create new jobs. 1) Reduce Spending and Reform Government to Achieve a Balanced Budget. While I was Speaker, federal spending rose by an average of 2.9 percent per year, the lowest increase since the 1920s. We can apply the same principles that worked from 1995 to 1998 to create jobs and four straight balanced budgets through smaller government, less spending, lower interest rates, and less debt. 2) Five Tax Reforms to Reward Job Creation, Entrepreneurship, Savings, and Investment. a. Immediate Payroll Tax Relief. Allow workers and employers to keep more of their hard earned money through an immediate, two-year, 50 percent reduction of the payroll tax. This step would immediately boost the take home pay of every worker, and dramatically free up cash for every employer to hire and invest. This tax relief could be paid for with unspent TARP and stimulus money. b. Incentives for Small Business Investment. Allow small businesses to expense 100 percent of new equipment purchases each year to help them invest in new, more productive technologies. c. Abolish Taxes on Capital Gains. Match the Chinese capital gains rate of zero. Federal Reserve Chairman Alan Greenspan testified in the 1990s that this was the best rate for economic growth. d. Reduce the Business Tax Rate. America has the second highest business tax rate in the world. We should match the Irish business tax rate of 12.5 percent. Combined with a zero rate of taxation on capital gains, America would become the most desirable country in the world in which to invest and start a business. e. Abolish the Death Tax. Inheritance is the most powerful accumulator of capital. Studies show that eliminating the death tax would create hundreds of thousands of new jobs. 3) American Energy Plan to Create American Jobs and Keep American Money at Home. Developing more American energy while protecting the environment would mean the creation of millions of new American jobs and the generation of billions of dollars in new federal tax revenues, largely without the need for any new federal spending. The first steps we need to take are to develop more of America’s oil, natural gas, and oil shale resources, expand nuclear power, provide prizes for key energy breakthroughs, and an emphasis on incentives, not taxes, to achieve our energy and environmental goals. And for more information about the American Solutions Jobs Here, Jobs Now, Jobs First plan, go to www.AmericanSolutions.com. Two Visions of Jobs Growth, Two Visions of America This week will present more than two contrasting visions of how to create new jobs, it will present two contrasting visions of America. For reasons of ideology, interest groups and personnel, the Obama-Pelosi-Reid vision is one of bigger and more controlling government, but smaller and more anemic private enterprise. To try to pretend that this model will produce the jobs America desperately needs is to do a grave injustice to the American people. Americans whose goals are to provide for their families, not perpetuate their political power, know what really works to create jobs. In Cincinnati today, Jackson, Mississippi, on Thursday, and more cities next year, these Americans will have their voices heard. We hope you’ll join us. Your friend, Link to comment Share on other sites More sharing options...
Mr. T Posted December 9, 2009 Report Share Posted December 9, 2009 I really dont see anything coming out of this jobs summit but more rhetoric and regulations on business owners. Link to comment Share on other sites More sharing options...
calfoxwc Posted December 9, 2009 Author Report Share Posted December 9, 2009 Well, hopefully it will good for a couple of NEW stupid, nonsense platitudes. They've completely worn out all the others. So far, it's all they have - and they won't listen to anybody but fellow radicals. Not workin for em, is it... Link to comment Share on other sites More sharing options...
osusev Posted December 10, 2009 Report Share Posted December 10, 2009 Good lord, we have had the worst recession since the depression and its been ONE year since he took office. Banks on the verge of collapse, the big three domestic manufacturers almost died, the stock market losing thousands of points, a GLOBAL recession remember we now are interconnected? REALLY? the major banks are being smart by not lending in a time frame that is more conduscive to loss and using its funds to increase market share due to depressed and in trouble competitors meaning FUTURE profit..... The confidence in the market was restored.... which is MAJOR, the global recession showing signs of bottoming and stabilizing, billions in tarp fund repayments and payouts along with Indy mac and others back into the private sector...... Potentially major overhaul in a extremely flawed health care delivery system..... That seems like some decent traction in ONE year. yes the unemployment rate is high.... well how did anyone expect a BLOATED economic system based upon hyperinflated growth was going to stabilize? COST CUTTING........ We dont manufacturer squat so low to middle low skill jobs are all overseas.... meaning service or skilled labor which both sectors are dependent upon economic growth..... 2 major manufacturers Chrysler and GM and all of the ancillary supporting industries just got out of Bankruptcy...... ONE YEAR...... You cant turn a Aircraft Carrier on a dime and you cant right the course of the entire U.S. economic system easily either. NewT forgot to mention their Laissez faire theories caused this in the first place and that trickly down economics when wealth concentration is so crazy in the U.S. does not work.... sure let Newt I believe in Enron deregulation and surplus spending (along with bloated reagonomics) did not work...... I could see if this was year 3 but really year 1? when he inherited 2 occupations and a devastated economic system..... sure no problem. Perspective.... the right wing has lost it along with fiscal credibility.... they want to talk about government spending....hmmm more tax cuts in the face of two occupations... seem smart..... what happened to the social security surplus? o thats right its was spent.... how was inflation in their 8 years? o thats right the highest in 25 years..... defecit spending? yea....... the economic system? yea almost into a depression...... really wait another year and than talk.... Link to comment Share on other sites More sharing options...
Mr. T Posted December 10, 2009 Report Share Posted December 10, 2009 sev you claim the lefties bailed out the big 3 auto? NOT! Ford said we will do it our way without Big Government control and they are posting a profit in less than a year. This recession started when the lefties took charge of congress in 2007, and it doesn't help now that we have a progressive liberal (socialist) in the oval office to rubber stamp every lunatic ideal that comes down the pike. As far as national HC you have to be crazy to let these dumb asses run our HC they cant balance a budget and will have to tax the hell out of the middle class to pay for it. I like what many people were telling their congress men/women, leave us alone! we dont need government intervention. Maybe its your dream to have the government to swaddle you from the cradle to the grave but I love my freedom. But if you want a fascist government then you can sit around in a diaper and scream and cry every time something goes wrong. Link to comment Share on other sites More sharing options...
DieHardBrownsFan Posted December 10, 2009 Report Share Posted December 10, 2009 Good lord, we have had the worst recession since the depression and its been ONE year since he took office. Banks on the verge of collapse, the big three domestic manufacturers almost died, the stock market losing thousands of points, a GLOBAL recession remember we now are interconnected? REALLY? the major banks are being smart by not lending in a time frame that is more conduscive to loss and using its funds to increase market share due to depressed and in trouble competitors meaning FUTURE profit..... The confidence in the market was restored.... which is MAJOR, the global recession showing signs of bottoming and stabilizing, billions in tarp fund repayments and payouts along with Indy mac and others back into the private sector...... Potentially major overhaul in a extremely flawed health care delivery system..... That seems like some decent traction in ONE year. yes the unemployment rate is high.... well how did anyone expect a BLOATED economic system based upon hyperinflated growth was going to stabilize? COST CUTTING........ We dont manufacturer squat so low to middle low skill jobs are all overseas.... meaning service or skilled labor which both sectors are dependent upon economic growth..... 2 major manufacturers Chrysler and GM and all of the ancillary supporting industries just got out of Bankruptcy...... ONE YEAR...... You cant turn a Aircraft Carrier on a dime and you cant right the course of the entire U.S. economic system easily either. NewT forgot to mention their Laissez faire theories caused this in the first place and that trickly down economics when wealth concentration is so crazy in the U.S. does not work.... sure let Newt I believe in Enron deregulation and surplus spending (along with bloated reagonomics) did not work...... I could see if this was year 3 but really year 1? when he inherited 2 occupations and a devastated economic system..... sure no problem. Perspective.... the right wing has lost it along with fiscal credibility.... they want to talk about government spending....hmmm more tax cuts in the face of two occupations... seem smart..... what happened to the social security surplus? o thats right its was spent.... how was inflation in their 8 years? o thats right the highest in 25 years..... defecit spending? yea....... the economic system? yea almost into a depression...... really wait another year and than talk.... Inherited two occupations? I would hardly call Afganistan an "occupation". I wouldn't say he "inherited" them either. He wanted the job, he did run, right? The two (not three) auto companies that he bailed out was their own fault. Make a substandard product and that is what happens. I think it was a mistake bailing them out. The banks making sub-prime loans is what cost them, that was a Clinton product, forcing loans to the class of people who could not afford them. Get your facts straight. Link to comment Share on other sites More sharing options...
Westside Steve Posted December 10, 2009 Report Share Posted December 10, 2009 Not to pimp the Republican party, Sev, but they've never had a big majority in either house. And Pelosi and Reid have had control (now full control) for three years. Someday Obama will need to "be held accountable." Wasn't that the Dems battle cry? WSS Link to comment Share on other sites More sharing options...
Chicopee John Posted December 10, 2009 Report Share Posted December 10, 2009 In a word, everything is unprecedented!!!! Link to comment Share on other sites More sharing options...
Westside Steve Posted December 10, 2009 Report Share Posted December 10, 2009 In a word, everything is unprecedented!!!! Too bad we aren't unpresidented..... WSS Link to comment Share on other sites More sharing options...
Chicopee John Posted December 10, 2009 Report Share Posted December 10, 2009 Too bad we aren't unpresidented..... WSS LOL, good one Steve!!!! Link to comment Share on other sites More sharing options...
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