Fiorina says rising jobless claims show Obama policies aren't working, Bush Tax Cuts are the remedy

[Amerigo Vespucci]

Fiorina says rising jobless claims show Obama policies aren't working

http://www.latimes.com/news/local/la-me-carly-fiorina-20100820,0,3005446.story

At a campaign event in Riverside, the Republican Senate candidate also calls for a slowing in the rate of government spending and says anxiety over possible tax hikes is hurting small businesses.

Republican Senate candidate Carly Fiorina cited the continuing rise in first-time jobless claims as evidence that the Obama administration's economic policies were not working as she renewed her call Thursday for making the Bush-era tax cuts permanent.

In a campaign event in Riverside, Fiorina also called for slowing the rate of government spending — in part through a federal hiring freeze, although her spokesperson later said the freeze would exempt the Department of Defense, Homeland Security, CIA, FBI and other agencies that collectively account for well over half of the payroll of the executive departments.

Tax cuts passed mostly in 2001 are scheduled to expire at the end of this year. The Obama administration has proposed keeping the tax cuts in place for most Americans, but allowing rates to rise for families making more than $250,000 a year and individuals making more than $200,000. Administration officials — and many private economists — say that raising taxes only on that relatively small slice of the population would shield most small businesses.

http://www.latimes.com/news/local/la-me-carly-fiorina-20100820,0,3005446.story

[hlthe2b]

1. Please tell me that Californians are going to reject her....

please!

[Snotcicles]

2. Lets see, whats been going on longer, Obama's presidency or the Bush tax cuts. nt

[w4rma]

3. Because idiots like her need more money to give the rest of us orders. (nt)

[bluestateguy]

4. As long as the Bush taxcuts are in effect, they ARE Obama's policies

nt

[county worker]

12. So you think he can end the tax cuts today?

That is about as meaningless as what she said.

[JuniperLea]

13. The choice is all his?

Since when?

[rfranklin]

5. These people seemed to want to be smacked....

I cdon't care for corporal punishment, but I will make an exception in this case.

[ladjf]

6. She is either dumb as a rock or highly disingenuous. nt

[Sherman A1]

9. Apparently so is our Democratic Candidate for

Senate in Missouri.

[JuniperLea]

11. Both...

The InterTubes are full of stories about how her employees at HP hated her... how they literally sang "ding dong the witch is dead" when she left... how she sent jobs offshore... Ms. Failorina is a mess. She is almost Sarah Palin v 2.0... 'cept she's a better speaker. Hitler was a good speaker, lest we forget.

[Rosa Luxemburg]

7. How sweet the rich will funnel the tax cuts to their offshore banks

how clever you are Fiorina, feathering their own nests

[pscot]

15. She's running to keep what she's got.

n/t

[Rosa Luxemburg]

26. do the poor voters want to give all their money to fund the rich?

[JuniperLea]

8. The policies that got us into this mess will get us out...

Yeah, now tell me the one about the flying monkeys and the man behind the curtain.

[county worker]

10. Fiorina says rising blades of grass show Obama policies aren't working

The solution to tall grass is to keep the Bush tax cuts. Makes about as much sense as what she said.

[malaise]

14. But but but

the tax cuts are still in place and they never worked

[Canuckistanian]

16. They're like wind-up dolls

Just pull the string and they say "Tax cuts for the rich" and "The economy is Obama's fault"

[Mz Pip]

17. We've had 10 years of Bush tax cuts

...so where are the jobs, Carly???? If the folks who have benefited from the tax cuts haven't helped the job market so far, what makes you think they will if they are extended?

[onethatcares]

20. I use that reasoning alot lately.

with anyone spouting that nonsense.

I get dumb looks, really dumb looks.

[Mz Pip]

21. Guess the top 2%

have been holding out on us. As far as I'm concerned they have a couple more months to put their money where their mouths are. It's put up or shut up time. It's use it or lose it time.

These folks have given me no reason to assume that if they just had another 10 years tax cuts things would be at all different.

[Arkana]

18. This just in: Carly Fiorina is pathetically stupid.

[Turbineguy]

19. Rising jobless claims

are a sign the the republican propaganda machine IS working

[TheWebHead]

22. for the short term she's correct

the idea of growing the economy while taxing the income group spending and investing the most while on the flip side growing government doesn't breed confidence in the business community... rather it leaves them terrified, acting like turtles sticking their heads under the shell and parking their money in treasuries. The result is underperforming equities and a negative wealth effect. If there were policies viewed as favorable to business and if the rhetoric was friendly rather than confrontational, you could see a trillion dollars or more added to equity values, thus higher tax collections and a rise in personal wealth.

If you want to bump income taxes when the inventory in housing is removed, when home prices actually start appreciating, and when the economy can absorb a move that transfers money from individuals and corporations to government, it is more digestible. The alternative is more negative wealth by equities steepening their declines, more defensive positioning by business, and more job loss, which is negative for all progressive agenda items outside of the economy and outside the world of taxes and entitlements, such as social issues and foreign policy.

[calimary]

23. I can't believe this ding-dong is doing as well as she is - and against Barbara Boxer!!!

WTF??????

:banghead:

[Lithos]

24. How dumb can she be? The stupid Bush Tax Cuts are still here...

if anything this shows definitively that Bush's tax cuts are NOT working (as if they ever did.)

L-

[Amerigo Vespucci]

29. Talking points, talking points, talking points...

...if they're all on the same page and repeat long enough, with consistency, SOME rube will buy it.

As a Californian, I'm hoping California is smarter than that.

[marmar]

25. Can Repugs come up with ANY solution other than tax cuts?

nt

[IDemo]

27. Fiorina : "There is no job that is America's God-given right anymore,"

That statement of hers needs to be spotlighted night and day. Let Americans know how unimportant she really feels the unemployment numbers are.

[and-justice-for-all]

28. Mega super FAIL! nt

[mmonk]

30. If they worked, we wouldn't have the unemployed problem.

People have to be punch drunk stupid to believe this stuff.

[Ruby the Liberal]

31. If they are the remedy, why aren't they working now?

Unbelievable, willful ignorance.

[DirkGently]

32. Gack. She's awful.

[applegrove]

33. Krugman predicted that the GOP would claim the stimulous didn't work since it was quite big enough.

And now it has happened. I 'betya' it will be the GOP talking point during this silly season.

[LIBERterryAN]

34. Krugman was right about this trainwreck...

And Krugman was also right when he said that Mr. Obama is not as progresive as he claimed.

But I think that Andrew Jackson nailed it when it comes to the cause of all this. He said:

"If Congress has the right under the Constitution to issue paper money, it was
given them to use themselves, not to be delegated to individuals or corperations."

Translation: The issuing to us of our promices-to-pay-debts (money) was always meant to be a
non-profit, interest-free, government-run enterprise which is under the control of congress.

Think about it: If you borrow $100,000 from a bank to buy a house, here is what happens:

(1) The "Federal" "Reserve" System prints the $100,000.
(2) The "Fed" then lends the $100,000 to the bank at a rate of 0% interest.
(3) The bank then lends you the $100,000 AT INTEREST.
(4) As you pay the bank back, the bank takes the portion, or percentage, of your loan
payments, usually half, which are dedicated towards principal -- remember the money
they printed? -- and gives that money back to the "Fed".
(5) The "Fed" then destroys the money.
(6) But the bank keeps the interest.

What an extremely profitable bidness! So the banking system just spent 85 cents printing
your $100,000...and you have to pay them $100,000 in interest for an 85 cent product!

So ALL MONEY is borrowed into circulation as a promice to pay a debt. (As it should be)
And the banking system creates and destoys money every day, usually at the same rate.

But the problem does not end there: Since there is never enough money in circulation
to pay the interest, our economy must always re-borrow more principal, at interest,
in order to pay the interest. Over and over and over again.

Thus, the percentage of our circulation which is needed to make one-years debt payments
is always RISING. When Mr. Obama took office, that number was at 88% !!!

So this is a very very bad time to be president! Obviously, when the number gets to be
100%...there won't be a single liquid dollar in circulation. (aka "the debt-virus")

But the cookie will crumble a few years before that happens without a huge debt write-off.

Notice how Krugman and Stiglitz are always talking about writing off debt. Can you see why
that is so? Notice how "The Return of Depression Economics" by Krugman always talks about
writing off debt.

This is why I supported John Edwards for President in 2008. I think Democrats got a bad deal.

But the percentage of our circulation which is needed to make one-years debt-payments
ALWAYS grows astronomically when there is a Republican in the White House. The Democrats,
in contrast, always try to slow things down.

And liberal economists always talk of writing-off debt. Conservatives, never.

So which political party is un-patriotic now?

True fact: Conservatives are zombies. And zombies NEVER do ANY math.

[krispos42]

35. So the jobless rate spikes under Bush and his tax plan, so we should keep it?

:crazy: