GOP Whip Cantor to Outline Job Plan

The Bush tax cuts is what got us into trillions of dollars in debt.

Optimism… brought to “the nation of whiners” from the RNC. It’s like breaking bread with Judas.

Austrailia just voted down cap and trade. Does anybody know this or the fact that one of the main global warming nuts is stepping down because of climategate? Where is the reporting ABC? You guys don’t like the truth when doesn’t match your agenda.

nancy: spending got us into debt. revenues were up under the first 6years of bush. Then the dems came in for the last 2 years when things fell apart.

The GOP wants more tax cuts for the wealthy and unemployment reform to lessen the burden on states and place that burden on the jobless who are losing homes, cars and businesses. I was on unemployment for 4 months and could not get by without it. It’s a good thing the GOP is not in power

hey! CBS is now reporting climategate! Not the main headline but atleast in the top 20. Come on ABC you can do it we all know you can .

With unemployment at 17% in some states, any legitimate idea should be explored.

“revenues were up under the first 6years of bush.”
No they weren’t.
It wasn’t until fiscal 2005 that federal revenues returned to where they were in Clinton”s last budget.

Remember the “Contract with America”? It was successful because taxpayers became disgusted with the out of control spending by Democrats.
I suspect that history is gonna repeat itself…..
Posted by: Wake_up
Highly doubtful. I’m old enough to have voted for ronald reagan. Big mistake! Had I of known what was working behind the scenes against Carter I would have never voted that way. The country is in bad shape because of 27 years of reaganomics. It’s also a very dangerous world now because free trade has allowed technology important to this nations security to leave our borders. Every sports fan knows the best fights come from evenly matched opponents. We no longer have our edge because of free markets. National security has be compromised in favor of ideology. The people involved with this should have been charged with treason.

Tax breaks for the wealthy so they will hire more people than they need. We need to send more republicans packing.

We need somebody to work on jobs. Obama certainly isn’t.

Nancy..What factual data do you have that it was the tax cuts that was the cause of the deficit? Maybe if you look at your own checkbook you will find the real answer. It is really quite simple you can not spend more money than what you have. So if your saying that you think government should be able to spend as much as they want and when they have spent more than they have then all you have to do is raise taxes to pay for it then you will believe it was tax cuts. The real problem is exactly that they spend without having to balance the budget. They throw away money to entitlements, education and foreign countries without any accountability. Nobody seems to care about this wreckless spending until the economy goes bad. Why isnt government held to maintain a balanced budget like we all have too?

Of the 14 states at or above the national average of 10.2% unemployment, 7 have Rep governors & 7 have Dem governors. A 50-50 split, not “all run by Democrats”.

OK, “Waste-cutting” and help for small to medium businesses with community banks and energy production sounds GREAT. But didn’t we just try two Republican terms of “tax cuts and deregulation”?
Those 8 years of Supply Side economics created a measly 5 MILLION new jobs.
Under Clinton’s previous two terms, the economy built over 20 MILLION jobs. Seems reasonable to search for alternatives to Supply Side tax cuts and deregulation as the best solution for rebuilding jobs.

Yea, you’re right. The dems are doing a much better job than Bush. Keep telling yourself that if it makes you feel better.

rightbehind..we need targeted jobs credits.. you know ,,,rewarding people who actually do something ..like create jobs by taking risk. socialism is dead and doesnt work and americans know that and the polls are reflecting it. right now micheal more and move on. org are no longer releveant..they are eating their own.

“tax cuts are the way to spur job growth in the private sector”
The last president cut taxes and had the worst job creation record of any president in history.

Republicans still have a lot of soul searching to do…This group does not understand Real people. I’m talking about people who live simple lives and live paycheck to paycheck to make ends meet(and at the end of the day, can still smile :)). Most Republicans were born with a silver spoon in their mouths and have no idea what it’s like to be poor. I think they all should pledge to live in the hood for a month with just enough money for food and shelter, no car, use public transportation, etc. Make life decisions about whether to get a prescription refill for you or a family member or pay the light bill. I think after they pledge to do this, they’ll have a better understanding of what average people in American society need. Until then, they’ll continue to live in the fantasy world they’ve lived in for decades and walk around with their heads in their behinds, clueless. As a matter of fact, they should make a reality t.v. show about it.

gary…prove it .last time i checked more jobs have been lost under obama. tax cuts work…always have always will. keep believing your own marketing. the obama pelosi brand has lost its value.

I think our current mess started in 1965, compliments of LBJ.

Will Obama’s ‘work panel’ be like his administration? Only 8% have real world work experience (government work does not qualify). Why not have some sccessful private business people? ‘Might not give the answer that you want me to’?

Wall ST. Journal, January 9, 2009, 12:04 PM ET
Bush On Jobs: The Worst Track Record On Record
President George W. Bush entered office in 2001 just as a recession was starting, and is preparing to leave in the middle of a long one. That’s almost 22 months of recession during his 96 months in office.
His job-creation record won’t look much better. The Bush administration created about three million jobs (net) over its eight years, a fraction of the 23 million jobs created under President Bill Clinton’s administration and only slightly better than President George H.W. Bush did in his four years in office.
Here’s a look at job creation under each president since the Labor Department started keeping payroll records in 1939. The counts are based on total payrolls between the start of the month the president took office (using the final payroll count for the end of the prior December) and his final December in office.
Because the size of the economy and labor force varies, we also calculate in percentage terms how much the total payroll count expanded under each president. The current President Bush, once taking account how long he’s been in office, shows the worst track record for job creation since the government began keeping records.
Bush II 3 million
Clinton 23.1 million
Bush I 2.5 million
Reagan 16 million
Carter 10.5 million
Ford 1.8 million
Nixon 9.4 million
LBJ 11.9 million
JFK 3.6 million
Ike 3.5 million
Truman 8.4 million
Interesting that JFK had the worst job record among Dems, since the righties love to throw around the “JFK believed in tax cuts” meme. Further proof that tax cuts don’t do ANYTHING to boost the job market.

catman … I have read your “enlightened statements” (ramblings) and if you really are a “big employer”, I feel real sorry for your employees. “Cut my taxes and subsidze my risk”, huh? Sounds like entitlement to me (that would go directly into your pocket). Spoken like a true conservative “entrepeneur”.

jjj is right. if the republicans were in charge, we would all have jobs. unfortunately we would only be making 50 cents an hour with no healthcare. sorry jjj, not buying it.

cnd fox… my company which i own was business of the year in 2008, philanthropist of the year, never have laid off an employee,provide the best health care money can provide for hundreds of employees. you dont have a clue, and i am loved by my community and employees. my rants are directed at those who have never signed a paycheck beacuse if you did you would figure out quickly why academics belong in ivory towers.

Catman – guess I define “tax cuts” differently than targeted job and hiring credits. For my money that’s called stimulus spending. In my state we’ve been using this form of spending since April – no Union requirements to apply, btw.
Here stimulus money, both Federal and State, is also focused on education to build family wage taxpayers. IMO, our country must be THE preeminent nation of science, technology and higher education – not all those academics belong in ivory towers. The result ?
My state has attracted tech companies like the largest Solar Panel employer in the US and we’re predicted to lead the country out of the nation with new jobs.

Posted by: catman | Dec 2, 2009 7:01:24 PM posted “if you want epmloyment to come back to the prvate sector there has to be incentives or it wont happen.” Agreed – but those incentives need to be down here on Main Street, not going back to Republican tax cuts for the wealthy.
President Bush’s tax cuts since 2001 have shifted more of the tax burden from the nation’s rich to middle-class families, according to studies by the Congressional Budget Office. Those 8 years of tax cuts were too generous to those who already had plenty, and job creation numbers during the Bush years proves that tax cuts did NOT trickle down to build new jobs. As a nation we must find a better way.
My company is smaller than yours, so we truly are a small business – they are the engine of our economy, so IMO that’s where we need to stimulate jobs.

Jimmy Carter had a better job creating record than Reagan. 10.5 million jobs in 4 years is a better rate than 16 million in 8 years. Reagan was also the biggest tax raiser in US history.
Reagan may have resisted calls for tax increases, but he ultimately supported them. In 1982 alone, he signed into law not one but two major tax increases. The Tax Equity and Fiscal Responsibility Act (TEFRA) raised taxes by $37.5 billion per year and the Highway Revenue Act raised the gasoline tax by another $3.3 billion.
According to a recent Treasury Department study, TEFRA alone raised taxes by almost 1 percent of the gross domestic product, making it the largest peacetime tax increase in American history. An increase of similar magnitude today would raise more than $100 billion per year.
In 1983, Reagan signed legislation raising the Social Security tax rate. This is a tax increase that lives with us still, since it initiated automatic increases in the taxable wage base. As a consequence, those with moderately high earnings see their payroll taxes rise every single year.
In 1984, Reagan signed another big tax increase in the Deficit Reduction Act. This raised taxes by $18 billion per year or 0.4 percent of GDP. A similar-sized tax increase today would be about $44 billion.
The Consolidated Omnibus Budget Reconciliation Act of 1985 raised taxes yet again. Even the Tax Reform Act of 1986, which was designed to be revenue-neutral, contained a net tax increase in its first 2 years. And the Omnibus Budget Reconciliation Act of 1987 raised taxes still more.
The year 1988 appears to be the only year of the Reagan presidency, other than the first, in which taxes were not raised legislatively. Of course, previous tax increases remained in effect. According to a table in the 1990 budget, the net effect of all these tax increases was to raise taxes by $164 billion in 1992, or 2.6 percent of GDP. This is equivalent to almost $300 billion in today’s economy.

Carol Said: “Reagan created over 20 millions jobs in the 80s with his tax breaks after Jimmy Carter’s dismal failure. I know, as I was hired by an aerospace firm before I even graduated from college.”
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LMAO! First of all Carol, go to the Bureau of Labor and Statistics website and look up the Monthly National Unemployment Rates all the way back to January 1948 (President Truman). You’ll find that “THE WORST” Monthly National Unemployment Rate since January 1948 happened under Ronald Reagan’s watch in November/December 1982, when unemployment reached “10.8%” during those 2 months.
Here are the facts:
(1) When Jimmy Carter handed over the White House to Ronald Reagan (January 1981), the NUR (National Unemployment Rate) for that month was 7.5%.
(2) For the next 22 months under Ronald Reagan, the monthly NUR continued to climb until it reached 10.8% (the highest rate it had ever been at, going all the way back to 1948).
(3) The unemployment rate under Reagan did not come back down to 7.5% (where it was when Carter handed the White House to him) until May of 1984, a whole 36 months into Reagan’s presidency… LOL.
(4) The reason that it finally turned around WAS NOT because of tax breaks, but rather because of MASSIVE GOVERNMENT SPENDING into the Department of Defense in order to (A) stimulate the economy, and (B) win the Cold War. How do you think it is that you got that job in the aerospace industry during that time period?
(5) You’re right, Reagan did cut taxes…but, that wasn’t what turned the economy around for him. He turned the economy around by MASSIVE GOVERNMENT SPENDING in the Defense Department by massive government borrowing. If you don’t believe this, then go look at the national debt under Reagan… it was also huge. Bottom line, he fooled you and many Americans into believing that the economy was recovering because of cutting taxes, but he was simultaneously spending a hell of a lot of “borrowed” money while he was cutting taxes.
Go check out both facts from the Bureau of Labor and Statistics and the U.S. Treasury Direct webpages.
You can see the national unemployment rate by looking up miseryindex.us, and clicking on the monthly national unemployment rate link.

…What factual data do you have that it was the tax cuts that was the cause of the deficit?…It is really quite simple you can not spend more money than what you have. So if your saying that you think government should be able to spend as much as they want and when they have spent more than they have then all you have to do is raise taxes to pay for it then you will believe it was tax cuts…
Posted by: sara | Dec 2, 2009 11:00:38
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so what you’re saying is that when the Bush administration and the gov’t, which was controlled by Republicans, increased spending and ran up deficits that it wasn’t directly related to the fact that they decreased revenue through tax cuts at the same time?
Not only were they spending money they didn’t have but they reduced their capability of making money at the same time. So yes, the deficit was in part related to tax cuts……..duh!!!

R E P B L I C A N S D O N O T
C A R E A B O U T C R E A T I N G
A N Y J O B S. A Republicans’ Jobs Plan. That’s an oxymoron. Bush and his cronies put this country in this position and could care less about returning unemployed Americans back to work.