This is a fair and direct question.
The reason I am asking it is because the negotiated tax plan from the White House with the Republicans touts it will create jobs.
My thing is this, "The millionaires and billionaires have had this tax cut for 10 years, where are the jobs?"
This is a valid question because does anyone believe that continuing this tax cut will create jobs in this country?
We are knocking on the door of 10% unemployment in this country and I don't see any relief of these numbers, anytime soon. In fact, we need to create over 200K jobs a MONTH to catch up with inflation and the unemployment rate to off set it and we are talking about 200K a month for close to 2 years.
Look, the reality is this; all of this is a set up to marginalize President Obama further, along with the Democrats. If you don't believe it, watch the ratcheting up for the next year from the GOP. Watch about the continued lack of leadership, weakness from this president meme. And the GOP has been stating this about him WAYYYY before Democrats got frustrated and started saying this publicly.
This dog and pony show will continue, it will not slow down or stop. Every time President Obama wants something, he will be forced to cave to the Republican agenda. Pushing these rich folk tax cuts is just kicking the can down the road and empowering, proving the point to the Republicans. The Republicans believe they can defeat Obama in 2012, control the congress again, and make these tax cuts permanent. The Republicans don't believe this economy will turn around anytime soon, the fact of the matter is that we don't have enough jobs to employ folk in this country.
The next act from the Republicans will be the call to PAY FOR THIS SHIT. And guess what they will trot out? Social Security and Medicare cuts. The GOP will continue to whine that these programs will bankrupt this country and must be overhauled. Along with this disastrous meme, will be the reminder to President Obama that he is for "Pay Go". Remember, words do matter and he did say he supported it. This will put President Obama in another box. And you think folks are angry at rich folk tax cuts, watch your Grandmother go off when she witness President Obama state, "..cuts in payment to social security must be done to save this country."
It will be a sham.
Why a sham? Because the Republican Party is the party of spend, spend, and spend. They spent us into the ground under George W. Bush, but spent the money on what they felt is best for themselves and their rich buddies. That is how it went down. When the Democrats came in power, we get shamed on the deficit and it must be under control, programs must be cut. This bullshit is the biggest sham of all because we are spending fake money now to pass this tax cut and if the deficit was so damn important, WE WOULD NOT BE TALKING ABOUT THIS. Personally, I don't know if this tax cut deal will pass or not. But I do know that President Obama will become a mockery if it does.
Finally, from TomP's diary a comment from lisastar:
caller on Ed's show yesterday (7+ / 0-)
an international flight attendant reporting on what she overhears from US CEOs on her flights. It's all about opening new factories overseas and buying second homes in the 3rd world country of choice to make it easier to commute.
Another caller in the import business said: Trickle down economics works great to create jobs - JOBS OVERSEAS. The wealthy are investing alright, just not in America.
Screw the president's bill.
That is the real point here (and I heard the same caller on Ed's radio show). Until any President have the fortitude to revamp trade agreements to China, India, Brazil, etc. This argument will continue to go in circles. This country is feeling the affects of a poor NAFTA agreement and bad trade agreements resulting in CEO's of this country opening up their manufacturing plants abroad to the tune of 1.00 an hour for personnel with no benefits. This country can not compete with that and to be brutally honest, it won't change. President Obama can say whatever he wants, but the real banker that we owe is China and those floodgates of their bad gear, food is not going to stop coming into this country anytime soon.
That is the dilemma about jobs in this country and why we will be sitting on high unemployment for a very long time. Tax cuts to the rich are not going to create any jobs and if you believe that, then a cup of reality is much needed.
Cross-posted @ Daily Kos