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Does Obama not understand that the reason jobs leave America...?
is because corporations leave America. These corporations leave America because the US has the second highest corporate tax in the world. The only country with a higher corporate tax than us is Japan. Shouldn't we be lowering these taxes so US and foreign businesses will want to build here instead of the other way around? What do you think?
9 Answers
- EZMZLv 71 decade agoFavorite Answer
His economic plan is to provide tax incentives to the textile industry.
Namely those new industries created to make all those Burkas---and of course the weaving of all those Muslim prayer Mats that will be required to make that most beautiful sound on the planet to his ears. And who better to recite that call to prayer more eloquently than he.
- canamLv 71 decade ago
Along with the taxes, american companies are forced to pay all kinds of benefits and the wages are extremely high compared to other countries. Why would an american automobile company want to pay $28 an hour plus benefits to an assembly line worker, when they can get the same work done in Mexico for $3 an hour and no benefits? It costs too much for that "made in america" label. Now, when Obama imposes his taxes on the oil companies, small business owners, and large corporations, what does he think is going to happen? More jobs will be sent off shore, and the price of fuel will sky rocket sending the cost of food and everything else up also. And the small business owners will go out of business. All these jobs from energy that her proposes are 10 years away since he does not want more drilling. The man is an economic disaster, and it dosnt take a rocket scientist to figure that out.
- Noah HLv 71 decade ago
If you cut the tax to zero these corporations would still leave. Corporate taxes were higher in the 1950's and 60's and union membership was at an all time high. Yet, US corporation made massive amounts of money because the American wage-earner had cash to buy American made products. Actually, foreign business' do build here. Toyota, Honda, Sharp, Seimans and dozens of others. Besides, as the 'wingers have been saying for years, 'corporations don't pay taxes. The pass their taxes on to the consumer.' Not to mention that the 'tax rate' doesn't say it all anyway. Tax breaks and loopholes carve down the corporate tax bite to the point that they usually don't kick in that much anyway. The last point here is that corporations now use their tax break money, not to increase production that's alrady at 100%, but to buy out other corporations to increase market share. I don't know why the GOP doesn't want to deal with these facts rather than make up a reality that doesn't exist. You have to wonder about a political party that puts corporations ahead of the American wage-earner. If they cared more about 'we the people' than about their friends in the the various industrial mafias maybe they wouldn't have to steal so many elections...but that's another story for another time!
- 1 decade ago
Obama and the left, what to continue on there dumbing down of America. They actually practice this first thing in the morning.
Duhhhh Dems Great Pubs Bad. Dems Great Pubs Bad. The only
thing they don't do is show Old Roy Rogers shows with Trigger
being able to count higher than a dem. They need to change the
name of the Democrats to the false fault finders of America.
The leader of there Band would be of course NO Bama.
What do you want from a guy that has never bank rolled himself.
He has always lived off of someone else. He hasn't got the talent.
I would take one anyone of my General managers from Agri to
Police products to Green Products and put them up against Obama.
Now me Im just a dumb ol ex federal cop and career Soldier. But
my guys are are all Harvard MBA types. With law degrees. And
COMMON SENSE. They know who is on the line if they screw up.
They are. Can't walk away from it.That is what accountability is the
Privite sector is all about. Obama will never know that. He is a dolt
and complete idiot when it comes to hands on management of
responsibility. So it does not surprise me that he would not know
anything about business or what happens with the higher tax issue.
His only goal is to give my companines money and other companies
money away to the potato chip stuffing monkey sitting on welfare.
having illegitamate after Illegitamate kid. So No thank you Obama.
- 5 years ago
The obama empire, which also stars "queen pelosi the obscene", "court jester reid", and lets not forget "prince biden the foolish" has stated they have "saved or created" over a million jobs in the last year. But, they have no evidence to point to this figure. They keep adding gov't agencies, who have to hire people, so they have probably created some gov't jobs. But, the problem is in the private sector, where the country has lost over 9 million jobs. Unfortunately, the obama empire is anti-bank, anti-small business, and anti-free enterprise. You need all three of these areas of the private sector to do well in order for the private sector to create new jobs. Since "Obama the Ignorant" has done nothing but punish, destroy and attempt to run all of these areas by the gov't, they are floundering, and will continue to do so until he stops fooling with them. Until he does, these areas will not do well, and neither will the private sector. Perhaps we should all get rid of this medieval circus in November.
- Carmen AvenaLv 61 decade ago
People seem to forget about small corporations that will either cut employees or totally go out of business. Obama is a threat to our economy no matter how you slice it. I know economists, and he is not an economist. He cannot win this election on that alone.
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- Anonymous1 decade ago
Many of us understand and agree with you. Most Liberals, who prefer class warfare and socialism, do not agree.
Edit to Noah H: That's funny. Did you create your fantasy all by yourself or did you take it straight from Obama's playbook?
- old ladyLv 71 decade ago
It's something that Bush and Co. haven't understood either, and it's unlikely that McCain will have twigged to this. So it isn't just Obama, it's the whole Congress, who vote to retain these ruinous taxes.
- AndreaLv 61 decade ago
But they can't leave, who will pay for all that free stuff Obama promised us. Maybe we can talk them into staying, Kinda like Obama plans to talk to terrorists!!!