Friday, September 09, 2011

Congress has No Job Plan and Obama’s Job Speech: No Substance- No Peace

When I started High School in the tenth grade in Memphis in 1977, my homeroom teacher Dr. Meyer’s was also my economics instructor. Although a public high school, at least a third of my teachers had PhD’s. In his class, according to him I did so well that he suggested I take another economics class as an elective albeit he knew I was concentrating in math and science classes. Thus via a flip of a coin I took microeconomics over macroeconomics. Herein this essay begins, upon a reading of the President’s job speech.

I have come to accept as abstruse as it may seem for some to grasp, that the plausible allure for present day politicians regardless of race, gender and political affiliation, must either be the ability to lie or the scarious inability to see a truth in order to tell it like it is. All because it is clear they do not want to tell us the truth about the nation’s current economic conundrum – that it has taken decades to create this problem, that there is no easy solution out of this mess, or worse that they intentionally vitiate solutions because they have no answers because they have no answers and lack the scrotum to say honestly it will require decades to get out of this mess, that it will be hard and that Americans will have to tolerate difficult times and live within our means to do so.

Telling the truth, no matter how saddening or worrisome lost on politicians even Obama. Not to mention it is difficult for a class of millionaires like Washington, DC politicians the pains economically us regular folks feel. Factually since 1960, there has never been a time in which four straight months of stagnate job growth as we have just seen has never manifested without a recessionary period to follow. Yet politicians on both sides of the aisles quip they have answers and solutions to solve this problem in the immediate future – a bold face lie. They say the recession is over, that we will not experience a double dip recession and that the nation is not in a depression – a bold face lie.

Now as for the President’s speech, it was passionate, but passion and great subject verb agreement does not amount to substance. I disagree with GOP stalwarts who assert a joint session was not the place for such a speech under the auspices it was not an urgent situation. But as I stated prior, for people who are not wealth like most inside the beltway politicians are hurting and the state of the economy is a serious national security issue.

Still with this said, Obama’s speech was more of the same rah rah type. Not that it was bad, but still the same old same old. Only thing missing was a “cash for clunkers” program. Why because it was not specific and talks around what I see and experience as a person under employed who has grown through $300,000 of savings just to keep from losing his home. I guess he knows that in this weak economy his numbers are bad but that the approval for congress is worse. On the ground, those of us without sufficient employment know that things will most likely get worse before they get better and that none of what he proposed even attempts to thwart the impact of the troubles of Europe through its banking and market crisis on the average American citizen, for consumers remain deep in debt and the depression in the housing market has yet to hit bottom.

We in touch and on the ground see the economy is too weak to add enough jobs monthly to even keep up with US population growth. My understanding of microeconomics and math indicates anything less 140,000 jobs a month will only keep adding to the ranks of the unemployed.

The plan had nothing I would consider big or different. He should have [1] offered to implement some sort of profit tax on large corporations that earn more than 20 million annually in profits of around 4 to 6 percent. He should have [2] offered some type of net job creation tax for large and small businesses for about a five year period to serve as an incentive for job creation that would said companies a tax credit that would cover at least a third of their salaries for that time period. He should [3] look at international growth sectors and instituted a re-employment service as opposed to unemployment that focus on industry specific training programs that would prepare the young and poor for skilled jobs.

Nothing in his proposal is punitive. He should have [5] mentioned that the top 100 companies in the US have uprooted around 3 million jobs here in the states over the past decade yet created around 2.5 million jobs overseas. He should have [6] specifically addressed Sarbanes-Oxley regulations and only implement them for corporations making under $200 million annually (I could only imagine the strain and expense on businesses with respect to their legal cost alone to comply).

Lastly, he should [7] reinstate Glass-Stegall, [8] eliminate Dodd-Frank, [9] increase tax rates on short term capital gains for hedge funds for example who create most of the market volatility and lower long term capital gains taxes and lastly – [10] relegalize the sale of marijuana.

This is just what I think, based on what I learned from Dr. Meyer in high school and my subsequent readings since then. It aided me in being able to amass more than $300,000 in investments without the aid of a broker or financial planner; although I have been using it up to stay afloat after my business closed and lost full time employment before then.

Politicians are scared to tell us the truth, do not understand the problem and too busy with the interest of large corporations to really solve or care about us little folk. They are afraid to tell us and won’t tell us the truth, and Obama’s plan is nothing more than the same thing he did the first two years while in office – hum bug.

Neither the congress nor the President can honestly feel what we feel on the ground. They argue about finding funds to provide for simple people who have lost everything due to floods, fires and tornadoes. They do not see that the games they play are not funn for us and look away from the possibility of what has been seen in France, Greece, Italy, Syria, Israel, England and else where in the form of civil disobedience can manifest over here. Nice speech Mr. President. Way to sit on your hands Congress. Just be reminded though – No Substance, No peace. For republiacns and democrats seem to not understand I am human capital not political capital.


Anonymous said...

I read your piece and I come away feeling as if you still want to believe. You want to believe that Obama means well. You want to believe that his class of folk are just too rich to feel what the normal American feels. You want to believe that they lie because they have to, to keep the faux two-party system battle "real".

Dude. I thought I had a good understanding of your grip on the "Real State of the Union", but it appears that you are slipping into the Hope/Change mode.

Yes, it took decades to bring this about. And, NO, Obama has no intention of doing anything to fix the problems. He is simply continuing the raping of America's middle class and has every intention of bringing our standard of living down even further.

It is no leap to understand that we are heading into a global monetary system (which will bring in a new world government, as well). It is foolish to NOT acknowledge that the Criminal in Chief is leading the way (and the Lefties, Dems, blacks are all on board), nor to acknowledge that O's Rep counterpart (whomever the clown may end up being) will DO exactly the same shit.

It is plain and evident and to NOT say it outright, is a travesty.

The new NAFTA pact for the Pacific (Trans-Pacific Partnership) should be all you need to know that one side of the mouth is set for the lemmings who still believe in the Hope/Change and the other side of his mouth was to reassure the very giant corporations who have been allowed to dismantle our economy and then rob all of us citizens simultaneously to a point of total servanthood to government/corporations.

Buddy. Just say out loud what is happening. There is no time or benefit for playing this game.

They are criminals set to bring this country down.

Fucking Say It!

ugacrew said...

You stated: The plan had nothing I would consider big or different. He should have [1] offered to implement some sort of profit tax on large corporations that earn more than 20 million annually in profits of around 4 to 6 percent."

Using your rationale, what if he implemented some sort of savings tax on all of the unemployed who had a minimum of $300,000 in their savings as opposed to those who had none, to help those with none continue to stay afloat? It's one thing to tax fairly, but wrong to take legitimate earnings from one simply because there is a need for it.

Francis L. Holland said...

I tend to agree that the proposed solutions are like a welfare existence for a country accustomed to living much better.

So what if Obama extends unemployment benefits. Those benefits are only a fraction of what they workers earned when they were last employed.

Obama endeavored to propose NOTHING that Republicans would strongly oppose. Most of what could get us out of this mess is solutions that this Congress wouldn't pass even if they were all high on mushrooms.

Obama's in sad and hard situation. said...

It will not really have effect, I feel like this.

Anonymous said...

[p]com/603 . So we say the classic UGG Australia bailey button boots are mainly displays in the production quality . Some men said:"Unusual yes, but I'm thinking more of the platform like heels like Tom Cruise wears, it's understandable . The important factors of affluence is a unique, scarce . UGG Boots ever gained high honor in sporting and sports products field . [url=]ugg pas cher femme[/url] 5 . Made up of 100% sheepskin, these boots keep your feet comfortable and dry . UGG Boots are Brilliant

Ugg boots are made from sheepskins having fleece connected.[/p][p]Wear comfortable shoes and good price, price cheap, people buy Cardy ugg boots, you will be amazed to Cardy ugg classic film, tovery [url=]ugg boots canada[/url] best seller . The range of colors available for Australian ugg boots [url=]ugg pas cher[/url] will amaze you . Val Kilmer also plays [url=]ugg pas cher du tout[/url] an enormous role in this movie . Of course, be aware of copies and check [url=]ugg bottes pas cher[/url] the sellers reviews first . New ugg boots any person and even boy or girl is the similar now even though they are simply further fortunate enough as opposed to others shouldn [url=]ugg boots canada[/url] result in toddlers that happens to be significantly less successful purchase new ugg boots substandard quality aged stuff! This content jogs my memory for this event in between eastern . [url=]ugg canada[/url] com . S u r f e r s i n A u s t r a l i a d e p e n d e d [url=]ugg bottes[/url] n e a r t o t h e c o z y i n s i d e s o f U g g b o o t s t o s u s t a i n t h e i r f t c o z y o n c e t h e y a r r i v e d o u t n e a r t o t h e w a t e r , b u t n o j u s t o n e b e l i e v e d o f U g g s a s t r e n d y o n t h e t i m e.[/p]

Anonymous said...

[p][url=]ugg boots outlet uk[/url] From:http://www . Wearing the jimmy choo UGG boot, your girl friend will become the focus in this bleak winter . For an Women's Classic Short UGG Boots 5825 Purple that is a bit more urban than their traditional boots, the Kensington is a motorcycle boot with an edgy style that still has the cozy comfort that [url=]ugg boots clearance uk[/url] is this brand trademark . hat are the different varieties of women'sUgg boots? There are a number of boot styles that a stylish punch to your wardrobe and personality . UGG Boots brings you some of the most fashionable [url=]ugg boots outlet sale[/url] boots this season . Super fun [url=]cheap ugg boots outlet[/url] girl power, this year there will a large sweet uggs personality . We have searched the internet to provide you with all the latest Cheap Ugg Boots On Sale at cheap [url=]ugg boots outlet[/url] prices . Sometime in the 1970s an American company named Deckers Corporation patented the term Ugg and started manufacturing these boots through their subsidiary company UGG Australia . The third is the actual height, while I like the shorter boot for under jeans, it isn't something that is going to look OK with other things, and certainly looks goofy of it's own.[/p]