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John V
Lv 5
John V asked in Politics & GovernmentPolitics · 1 decade ago

To all Obama detractors, is this an example of a successful outcome of his economic recovery policy?

If it is not, then would the Republican alternative (massive tax cuts to the wealthy, I presume) lead to an immediate increase in jobs?

Update 2:

Fair enough Misty (although I think we should not reach a verdict yet), but is this an example of where it did work? If it isn't, then what was the alternative?

Update 3:

Point taken Obamahood, if this were indeed the only successful story, then I would agree

Update 4:

Red, the tax cuts were predominantly designed for the wealthy, and they did benefit the most from them. The idea was that it would, or did, spur job growth. My question is what was the Republican alternative? If it is not more tax cuts, then what? And would they have had an immediate effect?

Update 5:

Thanks Nobody for the well thought out answer. I was under the impression that those companies outsourced the work to other countries to take advantage of a stronger dollar and more lax employment regulations, not because of their corporate tax structure.

The 40K per job you mentioned obviously does not take into account overhead that companies need to pay, but I certainly agree that it is far less than the 500K/job of this example. I will cede that this is not a good long term stradegy; but, was it a good short term stradegy to alleviate the suffering of the high unemployment rate? Additionally, who would pay for the remediation of the nuclear waste if not the government?

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  • 1 decade ago
    Favorite Answer

    I would not call it "successful" by any means. Temporary jobs at the cost of a half million dollars per job (the average American pulls about 40k a year at a permanent job) seems like a bad investment. An especially bad investment using the money produced by citizens, most of which fall under that 40k/year umbrella.

    A real republican alternative (not that there are any real republican politicians left out there) would be to cut the corporate tax rate in the US, making it competitive with the rest of the world marketplace. The reason GE, Exxon,etc., incorporate their companies out of the US, preferring to pay the 15-18% corporate tax rates offered by other nations, as opposed to the 35% corporate tax rate here in the US. That insane difference in tax rates is the reason both companies I mentioned will be paying tens of billions of dollars in taxes, and not a penny of it to the US government.

    Please try to understand that government is incapable of "creating" jobs. It has to BUY them, with other peoples money. Business is the only thing that "creates" jobs, and those jobs are "created" for a reason. Currently, most politicians (on both sides of the aisle) seem to think that jobs are some sort of commodity that can simply be purchased at the market. Sadly, this is not the case. Jobs are created by a prospering business that can not produce enough to meet demand. When Government steps in and taxes business at double the rate that the rest of the civilized world does, it makes it unprofitable to operate within that governments borders.

    So, if you call the article you linked to a "successful outcome", I would love to see what you consider a failure.

  • 1 decade ago

    Okay, so let's see the Government sent 1.6 Billion dollars that we DO NOT have to a town in SC to employ 3100 PART TIME employees. That is $516,129.00 per PART TIME job. So far, doesn't sound like a good investment. What happens to the employees when the river is cleaned up? No more jobs, company still not able to hire, and no one left to eat BBQ sandwiches at the BBQ stand. BUT let's see what the alternative could be.

    How about give this nuclear facility company who already employees 9000 people a tax cut. Not a tax credit, not a tax bonus, a Business TAX RATE CUT! At the same time....we will not be expecting the children and grandchildren of the 3100 part time employees to be paying back the 1.6 Billion dollars + interest for God knows how long! Also, why not allow the US to build more nuclear facilities for energy? Could this company benefit from that energy policy?

    Also, you ask tax cuts...then what? Then get the government OUT OF THE WAY! Let the free-market work! It's what makes America exceptional!

  • 1 decade ago

    With almost 10% unemployment you consider Obama's "policies" to be a success? I have not seen a increase in jobs, even tho we were promised that if the 878 billion dollar "stimulus" bill was passed we would maintain at 8%.

  • 1 decade ago

    Why do you libs always say tax cuts for the wealthy when everybody received tax cuts under Bush , why must you distort , oh wait that is the lib way . And hey genius , when the tax cuts expire this year ALL taxes go back up . So that means if Obama doesn't extend them , then he is raising taxes .

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  • 1 decade ago

    Over all the stimulus did fail. It just wasn't focused enough on job creation. There was way too much pork. I'm not happy with either side for voting down a ban on pork.

  • Anonymous
    1 decade ago

    One successful story does not make for a successful bailout program. This has been a major waste of money for most parts of the economy.

  • 1 decade ago

    I think he succeeded; the bomb industry is booming and the U.S. is harvesting more saleable opium from Afghanistan than ever. MISSION ACCOMPLISHED

  • Anonymous
    1 decade ago

    I'm still unemployed, so no.

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