| Obama's Address 090811 | |
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| Tweet Topic Started: Sep 8 2011, 06:09 PM (3,454 Views) | |
| Mason | Sep 8 2011, 06:59 PM Post #61 |
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Parts unknown
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. She wanted to get her Fair Share of Lobster before the Kitchen closes. . |
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| cks | Sep 8 2011, 07:03 PM Post #62 |
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If I were sitting near Jimmy Hoffa. jr. and Cincinnati's Mayor, Mark Mallory, I would be high-tailing it out of there quickly as well. |
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| chatham | Sep 8 2011, 07:11 PM Post #63 |
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<<<YAWWWNN>>> What time does the speech start? |
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| kbp | Sep 8 2011, 07:13 PM Post #64 |
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HE HAS MY VOTE!! ...until next week when the bill is supposed to become public. He's putting money back into every pocket ...putting everybody back to work ...reforming taxes to cut corp tax ...all house payments are going down ...has the world revolving again BUT.... In order to pay for it, ...we'll have to get that tax law reformed somehow, ...he'll CUT more on top of the $1.4 trillion in "committee" now, ...raise taxes on the rich (I don't care), ...form some sort of national mortgage brokerage, and ...accomplish this much and more the week after next maybe! After NBC starts their show off talking ONLY campaign, whining on the GOP, Obama jumps in on the "political crisis". I can't wait to see what Obama's proposed legislation assigns the Congress to take care of to pay later for his American Jobs Act. It sounds just wonderful, unless you're the one that will have to accomplish what his speech says he wants Congress to do. I have absolutely no doubt we'll all laugh our AZZEZ off after we've seen what his "plan" actualy seeks. |
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| retiredLEO | Sep 8 2011, 07:30 PM Post #65 |
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Why is all the cutting over 10 years and the spending right now? I think I'll call my mortgage company and tell them I can't pay the mortgage for months, but I have a 10 year plan to catch up. According to Mark Steyn in his book After America, we have about 5 to 6 years before we start losing stars on our flag. Finally if California passes a Constitutional amendment, that there can be no forclosures, the state is doomed, no one will be able to sell their home and no one will be able to borrow money to buy a house in California, that may be the first state to lose a star, because I don't really think the rest of the country will support California. |
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| Kerri P. | Sep 8 2011, 08:15 PM Post #66 |
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http://www.wral.com/news/political/story/10106261/ FACT CHECK: Obama's jobs plan paid for? Seems not Posted: 7:52 p.m. today Updated: 38 minutes ago WASHINGTON — President Barack Obama's promise Thursday that everything in his jobs plan will be paid for rests on highly iffy propositions. It will only be paid for if a committee he can't control does his bidding, if Congress puts that into law and if leaders in the future — the ones who will feel the fiscal pinch of his proposals — don't roll it back. Underscoring the gravity of the nation's high employment rate, Obama chose a joint session of Congress, normally reserved for a state of the union speech, to lay out his proposals. But if the moment was extraordinary, the plan he presented was conventional Washington rhetoric in one respect: It employs sleight-of-hand accounting. A look at some of Obama's claims and how they compare with the facts: OBAMA: "Everything in this bill will be paid for. Everything." THE FACTS: Obama did not spell out exactly how he would pay for the measures contained in his nearly $450 billion American Jobs Act, but said he would send his proposed specifics in a week to the new congressional supercommittee charged with finding budget savings. White House aides suggested that new deficit spending in the near-term to try to promote job creation would be paid for in the future — the "out years," in legislative jargon — but they did not specify what would be cut or what revenues they would use. Essentially, the jobs plan is an IOU from a president and lawmakers who may not even be in office down the road when the bills come due. Today's Congress cannot bind a later one for future spending. A future Congress could simply reverse it. Currently, roughly all federal taxes and other revenues are consumed in spending on various federal benefit programs, including Social Security, Medicare, Medicaid, veterans' benefits, food stamps, farm subsidies and other social-assistance programs and payments on the national debt. Pretty much everything else is done on credit with borrowed money. So there is no guarantee that programs that clearly will increase annual deficits in the near term will be paid for in the long term. snip...... |
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| chatham | Sep 8 2011, 08:37 PM Post #67 |
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http://weaselzippers.us/2011/09/08/ap-fact-checks-obama-speech-shockingly-hes-full-of-it/ AP Fact Checks Obama Speech: Shockingly, He’s Full Of It… WASHINGTON (AP) — President Barack Obama’s promise Thursday that everything in his jobs plan will be paid for rests on highly iffy propositions. It will only be paid for if a committee he can’t control does his bidding, if Congress puts that into law and if leaders in the future — the ones who will feel the fiscal pinch of his proposals — don’t roll it back. Underscoring the gravity of the nation’s high employment rate, Obama chose a joint session of Congress, normally reserved for a state of the union speech, to lay out his proposals. But if the moment was extraordinary, the plan he presented was conventional Washington rhetoric in one respect: It employs sleight-of-hand accounting. A look at some of Obama’s claims and how they compare with the facts: OBAMA: “Everything in this bill will be paid for. Everything.” THE FACTS: Obama did not spell out exactly how he would pay for the measures contained in his nearly $450 billion American Jobs Act, but said he would send his proposed specifics in a week to the new congressional supercommittee charged with finding budget savings. White House aides suggested that new deficit spending in the near-term to try to promote job creation would be paid for in the future — the “out years,” in legislative jargon — but they did not specify what would be cut or what revenues they would use. Essentially, the jobs plan is an IOU from a president and lawmakers who may not even be in office down the road when the bills come due. Today’s Congress cannot bind a later one for future spending. A future Congress could simply reverse it. Currently, roughly all federal taxes and other revenues are consumed in spending on various federal benefit programs, including Social Security, Medicare, Medicaid, veterans’ benefits, food stamps, farm subsidies and other social-assistance programs and payments on the national debt. Pretty much everything else is done on credit with borrowed money. So there is no guarantee that programs that clearly will increase annual deficits in the near term will be paid for in the long term. OBAMA: “Everything in here is the kind of proposal that’s been supported by both Democrats and Republicans, including many who sit here tonight.” THE FACTS: Obama’s proposed cut in the Social Security payroll tax does seem likely to garner significant GOP support. But Obama proposes paying for the plan in part with tax increases that have already generated stiff Republican opposition. For instance, Obama makes a pitch anew to end Bush-era tax cuts for the wealthiest Americans, which he has defined as couples earning over $250,000 a year or individuals earning over $200,000 a year. Republicans have adamantly blocked what they view as new taxes. As recently as last month, House Republicans refused to go along with any deal to raise the government’s borrowing authority that included new revenues, or taxes. OBAMA: “It will not add to the deficit.” THE FACTS: It’s hard to see how the program would not raise the deficit over the next year or two because most of the envisioned spending cuts and tax increases are designed to come later rather than now, when they could jeopardize the fragile recovery. Deficits are calculated for individual years. The accumulation of years of deficit spending has produced a national debt headed toward $15 trillion. Perhaps Obama meant to say that, in the long run, his hoped-for programs would not further increase the national debt, not annual deficits. OBAMA: “The American Jobs Act answers the urgent need to create jobs right away.” THE FACTS: Not all of the president’s major proposals are likely to yield quick job growth if adopted. One is to set up a national infrastructure bank to raise private capital for roads, rail, bridges, airports and waterways. Even supporters of such a bank doubt it could have much impact on jobs in the next two years because it takes time to set up. The idea is likely to run into opposition from some Republicans who say such a bank would give the federal government too much power. They’d rather divide money among existing state infrastructure banks. |
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| kbp | Sep 8 2011, 08:40 PM Post #68 |
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I misunderstood that. I thought he specifically stated he would have a bill for Congress next week. Either the "bill" will be evidence of what he wants, or the absence of a written plan shows he was just blowing smoke ...that's smoke he plans to take to all four corners of this nation! He preached to us about reducing REGULATIONS. Why hasn't anyone talked about him eliminating his own smog REGULATIONS? |
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| genny6348 | Sep 8 2011, 08:41 PM Post #69 |
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Genny6348
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Thanks Everyone for blogging the Address. I went out for supper and when I came back it was all over. Darn.
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| kbp | Sep 8 2011, 08:45 PM Post #70 |
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We all had TURKEY for dinner ...TURKEY on the tube! |
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| Kerri P. | Sep 8 2011, 08:49 PM Post #71 |
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Here's the text of his speech. http://www.wral.com/business/story/10106131/ Text of President Obama's address to Congress Posted: 7:21 p.m. today Mr. Speaker, Mr. Vice President, Members of Congress, and fellow Americans: Tonight we meet at an urgent time for our country. We continue to face an economic crisis that has left millions of our neighbors jobless, and a political crisis that has made things worse. This past week, reporters have been asking "What will this speech mean for the President? What will it mean for Congress? How will it affect their polls, and the next election?" But the millions of Americans who are watching right now: they don't care about politics. They have real life concerns. Many have spent months looking for work. Others are doing their best just to scrape by - giving up nights out with the family to save on gas or make the mortgage; postponing retirement to send a kid to college. These men and women grew up with faith in an America where hard work and responsibility paid off. They believed in a country where everyone gets a fair shake and does their fair share - where if you stepped up, did your job, and were loyal to your company, that loyalty would be rewarded with a decent salary and good benefits; maybe a raise once in awhile. If you did the right thing, you could make it in America. But for decades now, Americans have watched that compact erode. They have seen the deck too often stacked against them. And they know that Washington hasn't always put their interests first. The people of this country work hard to meet their responsibilities. The question tonight is whether we'll meet ours. The question is whether, in the face of an ongoing national crisis, we can stop the political circus and actually do something to help the economy; whether we can restore some of the fairness and security that has defined this nation since our beginning. Those of us here tonight can't solve all of our nation's woes. Ultimately, our recovery will be driven not by Washington, but by our businesses and our workers. But we can help. We can make a difference. There are steps we can take right now to improve people's lives. I am sending this Congress a plan that you should pass right away. It's called the American Jobs Act. There should be nothing controversial about this piece of legislation. Everything in here is the kind of proposal that's been supported by both Democrats and Republicans - including many who sit here tonight. And everything in this bill will be paid for. Everything. The purpose of the American Jobs Act is simple: to put more people back to work and more money in the pockets of those who are working. It will create more jobs for construction workers, more jobs for teachers, more jobs for veterans, and more jobs for the long-term unemployed. It will provide a tax break for companies who hire new workers, and it will cut payroll taxes in half for every working American and every small business. It will provide a jolt to an economy that has stalled, and give companies confidence that if they invest and hire, there will be customers for their products and services. You should pass this jobs plan right away. Everyone here knows that small businesses are where most new jobs begin. And you know that while corporate profits have come roaring back, smaller companies haven't. So for everyone who speaks so passionately about making life easier for "job creators," this plan is for you. Pass this jobs bill, and starting tomorrow, small businesses will get a tax cut if they hire new workers or raise workers' wages. Pass this jobs bill, and all small business owners will also see their payroll taxes cut in half next year. If you have 50 employees making an average salary, that's an $80,000 tax cut. And all businesses will be able to continue writing off the investments they make in 2012. It's not just Democrats who have supported this kind of proposal. Fifty House Republicans have proposed the same payroll tax cut that's in this plan. You should pass it right away. Pass this jobs bill, and we can put people to work rebuilding America. Everyone here knows that we have badly decaying roads and bridges all over this country. Our highways are clogged with traffic. Our skies are the most congested in the world. This is inexcusable. Building a world-class transportation system is part of what made us an economic superpower. And now we're going to sit back and watch China build newer airports and faster railroads? At a time when millions of unemployed construction workers could build them right here in America? There are private construction companies all across America just waiting to get to work. There's a bridge that needs repair between Ohio and Kentucky that's on one of the busiest trucking routes in North America. A public transit project in Houston that will help clear up one of the worst areas of traffic in the country. And there are schools throughout this country that desperately need renovating. How can we expect our kids to do their best in places that are literally falling apart? This is America. Every child deserves a great school — and we can give it to them, if we act now. The American Jobs Act will repair and modernize at least 35,000 schools. It will put people to work right now fixing roofs and windows; installing science labs and high-speed Internet in classrooms all across this country. It will rehabilitate homes and businesses in communities hit hardest by foreclosures. It will jumpstart thousands of transportation projects across the country. And to make sure the money is properly spent and for good purposes, we're building on reforms we've already put in place. No more earmarks. No more boondoggles. No more bridges to nowhere. We're cutting the red tape that prevents some of these projects from getting started as quickly as possible. And we'll set up an independent fund to attract private dollars and issue loans based on two criteria: how badly a construction project is needed and how much good it would do for the economy. This idea came from a bill written by a Texas Republican and a Massachusetts Democrat. The idea for a big boost in construction is supported by America's largest business organization and America's largest labor organization. It's the kind of proposal that's been supported in the past by Democrats and Republicans alike. You should pass it right away. Pass this jobs bill, and thousands of teachers in every state will go back to work. These are the men and women charged with preparing our children for a world where the competition has never been tougher. But while they're adding teachers in places like South Korea, we're laying them off in droves. It's unfair to our kids. It undermines their future and ours. And it has to stop. Pass this jobs bill, and put our teachers back in the classroom where they belong. Pass this jobs bill, and companies will get extra tax credits if they hire America's veterans. We ask these men and women to leave their careers, leave their families, and risk their lives to fight for our country. The last thing they should have to do is fight for a job when they come home. Pass this bill, and hundreds of thousands of disadvantaged young people will have the hope and dignity of a summer job next year. And their parents, low-income Americans who desperately want to work, will have more ladders out of poverty. Pass this jobs bill, and companies will get a $4,000 tax credit if they hire anyone who has spent more than six months looking for a job. We have to do more to help the long-term unemployed in their search for work. This jobs plan builds on a program in Georgia that several Republican leaders have highlighted, where people who collect unemployment insurance participate in temporary work as a way to build their skills while they look for a permanent job. The plan also extends unemployment insurance for another year. If the millions of unemployed Americans stopped getting this insurance, and stopped using that money for basic necessities, it would be a devastating blow to this economy. Democrats and Republicans in this Chamber have supported unemployment insurance plenty of times in the past. At this time of prolonged hardship, you should pass it again — right away. Pass this jobs bill, and the typical working family will get a fifteen hundred dollar tax cut next year. Fifteen hundred dollars that would have been taken out of your paycheck will go right into your pocket. This expands on the tax cut that Democrats and Republicans already passed for this year. If we allow that tax cut to expire — if we refuse to act — middle-class families will get hit with a tax increase at the worst possible time. We cannot let that happen. I know some of you have sworn oaths to never raise any taxes on anyone for as long as you live. Now is not the time to carve out an exception and raise middle-class taxes, which is why you should pass this bill right away. This is the American Jobs Act. It will lead to new jobs for construction workers, teachers, veterans, first responders, young people and the long-term unemployed. It will provide tax credits to companies that hire new workers, tax relief for small business owners, and tax cuts for the middle-class. And here's the other thing I want the American people to know: the American Jobs Act will not add to the deficit. It will be paid for. And here's how: The agreement we passed in July will cut government spending by about $1 trillion over the next ten years. It also charges this Congress to come up with an additional $1.5 trillion in savings by Christmas. Tonight, I'm asking you to increase that amount so that it covers the full cost of the American Jobs Act. And a week from Monday, I'll be releasing a more ambitious deficit plan — a plan that will not only cover the cost of this jobs bill, but stabilize our debt in the long run. This approach is basically the one I've been advocating for months. In addition to the trillion dollars of spending cuts I've already signed into law, it's a balanced plan that would reduce the deficit by making additional spending cuts; by making modest adjustments to health care programs like Medicare and Medicaid; and by reforming our tax code in a way that asks the wealthiest Americans and biggest corporations to pay their fair share. What's more, the spending cuts wouldn't happen so abruptly that they'd be a drag on our economy, or prevent us from helping small business and middle-class families get back on their feet right away. snip..... Edited by Kerri P., Sep 8 2011, 08:50 PM.
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| kbp | Sep 8 2011, 09:07 PM Post #72 |
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Speaking of deficits and how to pay for it, he says... "What's more, the spending cuts wouldn't happen so abruptly that they'd be a drag on our economy, or prevent us from helping small business and middle-class families get back on their feet right away." That's one helluva way to put a shine on the turd, that 'pay later' plan! |
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| kbp | Sep 8 2011, 09:12 PM Post #73 |
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That's where I came up with the idea Obama said he'd have the American Recovery Act to Congress next week. We're not really clear where the plan to pay for this goes; maybe in the bill he's to drop off, or maybe just the EXECUTIVE DEMAND he conveyed to the "committee" tonight. Somebody in the crowd should have interupted him ...'Sir, let me get this straight here...' Edited by kbp, Sep 8 2011, 09:17 PM.
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| agatha | Sep 8 2011, 09:36 PM Post #74 |
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If they pass this bill which calls for bigger cuts and the special committee cannot agree, more cuts in defense spending? |
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| kbp | Sep 8 2011, 09:47 PM Post #75 |
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Agatha, we have nothing besides his quotes you saw for us to dtermine WTH he meant by it. It reads like pass his act tomorrow, work on how to pay for it "in savings by Christmas". ************ Thought just hit me! This guy has known that JOBS was the problem he had to overcome since campaigns began the first of 2010, that mid-term election in which Dem's were embarrassed to an extreme degree. All he has accomplished on the subject since then, besides hoping it would improve, was to have some team pick apart what the GOP has been doing and give us some half-azzed idea on how OTHERS will work on paying for it. |
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