Talk of The Villages Florida - View Single Post - Obama speech (someone had to start it!)
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Old 09-09-2011, 06:45 PM
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Some of us still remember when the $750 billion stimulus program was supposed to keep unemployment below 7%...that was year one. Not only did it not work, unemployment rose and stayed there. And there are almost no accounts of where the money went and why did it not work.

A very good solution that continues to not ever make it to the table is to change the tax rates for corporations creating an incentive for them to invest in their facilities here in the USA. Reduce the taxes on profits to be expatriated back to the USA...make it zero. What is there to lose? Nothing because there is nothing being collected on those off shore earnings, being kept off shore to avoid the taxes. What is there to gain? Upwards to trillions of dollars bottled up in off shore investments that could be brought home to be invested in America.

Such an action would be pro big business which this president and administration have proven the are not.

And how about the hypocracy of having Jeff Immelt, CEO of GE who is chairman of a jobs committee reporting directly to Obama. His company paid ZERO taxes in 2010!!!!!!! He is relocating the headquarters and research and development of the medical imaging business to China. Yup classic of the kind of people that Obama surrounds himself with.

The solutions are many...but do not involve the government's heavy involvement. Why should they let the business experts of the country? The WH including Obama, the WH staff, both houses of congress is full to the brim with people who are not qualified to run a lemon aid stand. But they think they should run the country and business....what a joke.

Until such time as American companies return to investing in America, there will only be another bail out....another stimulus...Mark your calendars for one year from today and let's ask ourselves how is the new plan working.
Remember when we spent twice as much as is being proposed...unemployment went up. And it will again unless and until Obama turns pro business.

What happened from the original stimulus to the renewable energy effort?
Nothing. Obama here again is an impediment to one of the largest job growth opportunities in our life time, the end result of which will be hundreds of thousands of jobs created AND reduced dependence on foreign oil.
I say again...the solutions are easy. Now let's hear from the Obama supporter why they think their man is not pursuing the obvious solutions.....and continues to promote.....SPENDING as the answer to everything.
I anxiously await to be enlightened!!

btk