Response to Obama, 5: Tax Rates and Job Creation

[3rdeye7thdimension]

businesses want to maximize gross and minimize cost, to get the most profit. Reaganomics hasn't done anything, giving big businesses more tax breaks will only get them to buy a house out of the US faster. People need to study economics; producing competition will lower price, domestically and internationally. Sadly that also includes the job market, and if you cannot be a better employee for less, you're out of the competition. China is just beating us at our own game.

[QLEANQLASSY]

@3rdeye7thdimension ======== very true that has been my point people act like they dont make econ text books...Regan didnt help anything he made it worse, facts show he raised the debt...

[iMSoHigh420ritenow]

the right & left is A joke its to keep the people occupied & fighting against each other think about how much better america would be if americans fought to protect the constitution

[Vetwolf13]

Newt is a corporate nigger!

[AtlasShruggery]

Uh, Newtie? We tried it your way. We cut taxes over and over again under Junior Bush. We ended up with the worst economic crisis since the Great Depression. It's the natural result of Trickle Down Reaganomics.

[92b16vx]

@AtlasShruggery

You're not too bright huh? It takes more than just cutting taxes, you HAVE to cut spending too. No politician can cut spending, it seems to be against their genetic make up. Crying about Bush this, Obama that, left this, right that is a sick joke that keeps you preoccupied with the lowest common denominator, and destined to failure.

[AtlasShruggery]

@92b16vx

Why would you cut spending in a recession? That's exactly the wrong time to do it. Have you ever actually studied any economics?

[QLEANQLASSY]

@AtlasShruggery ==== again my point people rely on the lack of knowledge and pump fear thru the airwaves, so they think spending is bad

[mistermayy]

fuck obama

[hoodoo961]

Is he suggesting that Ireland was forced to expatriate its citizens because it had a high corporate tax rate? The Irish fled Ireland because the English laissez-faire system exported Irish beef to English markets where they had higher returns.

[dianddra999]

Newt Gingrich, was speaker for the house from 1995 to 1999 during the Clinton administration. He is well-known as the architect of the Contract with America that led the Republican Party to victory in 1994 by capturing the majority in the U.S. House for the first time in forty years.

[hoodoo961]

Its interesting how Gingrich does not examing the history of the United States in his examples. Heres a clue. Start with the Gilded Age, work your way through the New Deal, and you see where the answer to prosperity lies: in Keynesian economics. Did Ghana fail because of its effective government? No, but Korea flourished because of it.

[hoodoo961]

Very warped. There is a mountain of contradiction here.

[AtlasShruggery]

Uh, no. Newt was the driving force behind impeaching Clinton over a blowjob. While Newt was cheating on his wife with a staffer, of course. Clinton presented balanced budgets to Congress unlike Ronald Reagan whom Newtie is constantly claiming to be the rightful heir to. Gingrich's soak the poor and subsidize the rich policies are pure trickle down Reaganomics.

[jonboede]

Clinton did NOT present balanced budgets to anybody. He presented a budget that included the surplus income that was SUPPOSED to keep the Social Security Trust solvent following the GOP congress "fixing" it... WITHOUT carrying any of the future liabilities that were being incurred by Social Security on the other side of the ledger. Clinton's deficits were higher, as a percentage of GDP, than Reagan's or either Bush's.

[AtlasShruggery]

You're a typical Republican, jonboede. Ignorant of history. The federal budget has included Social Security receipts since the days of LBJ. And it was Democratic Congress which fixed Social Security in 1983. Of course Clinton presented balanced budgets to Congress. He said he would and he did. Not like Ronald Reagan who pontificated about it for 50 years & then ran up the biggest deficits in US history. 80 percent of our national debt was run up under just 3 presidents: Reagan & the Bush Boys.

[Dilman420]

You must've forgot Obama's billions of dollars' stimulus package... What a joke..God Bless.

[AtlasShruggery]

We tried things Newt's way for many years. It was called Reaganomics. It means taxing working folks through payroll taxes and giving the money to oil companies and trust fund babies. It's idiotic and it's what caused the current mess.

[AidenPryde3025]

No, no, no, no.

What caused this current mess was the Democratic encouragement of high risk loans via Freddie and Fannie in the 90s. People like Barney Frank, who said Freddie and Fannie were operating fine and that there wouldn't be a collapse of the credit market are to blame.

[AtlasShruggery]

C'mon. You Republicans were in control of the presidency, Congress, the Federal Reserve, OFHEO and the SEC from 2001 to 2007 when this mess was made. Barney Frank and the Dems had no legislative or regulatory power. You Republicans were asleep at the regulatory switch again. Just like you were asleep at the switch before 9-11 despite all the warnings and again after Hurricane Katrina despite all the warnings.

[nataliek182]

You sound like an ignorant ass.

[AtlasShruggery]

And you sound like a typical Republican. You can't dispute the facts so you stoop to namecalling.

[nataliek182]

What do you look like?

[hoodoo961]

Dead on. When is the nation going to come to its senses and relegate these nightmares to the dustbin of history, where they belong.

[AtlasShruggery]

Not soon enough, hoodoo.

[rbrowninc]

if you believe what you just posted, you are truly misinformed.

[wingedlightning]

The keywords that I take in this speech are " compete " with China, India~!

This BHO regime simply has no care for the very people that voted for them. Hussein Obama has come to be known as anti American often down talking us while overseas, somethiing that could be considered treachery.

Again, I like those words Newt has right concept for what is wrong and competing is exactly what we need more of in USA.

Instead of this BHO's " we don't need to start a trade war with E.U or China?

[MAVsays]

This is such simple TRUTH. It is a universal law of what works. Weather you like the messenger or not, what he says here is true and absolutely works...

[Kryptik316]

Well this fat fuck is right on some issues... But the Left and Right are both the same, and he obviously doesn't see that. At all. Which makes him part of the real problem.

[bedbird]

how are they the same

[2handsclapping]

This guy knows nothing about Ireland. They are being supported by Germany through the E.U. SUBSIDIES!!!

Now after the investment they are cutting ties with the E.U.

Pity he doesn't read...

[dadarocks]

This guys is must in Mccain adminsitration

[robotactionstar]

Why isn't this guy running for President again? He's about 50 times better then McCain. Wait, I get it.... McCain loses, we get Obama(Carter), then Newt comes in and saves the day(Reagan).

[2handsclapping]

Why, I asked the same question. He is head and shoulders over all the Republican candidates. So why did he disappear? Basically he was having an affair when he was impeaching Clinton. HYPOCRISY. Check WikiPedia.

Married Jackie Battley, Marianne Ginther, Callista Bisek.

3 Adulterous affairs, even during the impeachment of Clinton.

Didn't support his kids from 1st divorce.

[wingedlightning]

I only wish that we could be blessed with a president who actually cares enough about the people to create success and compete to insure that USA is again a winner instead of the current situation in which we are spiraling into an absys of lost tech edge in all categories.

[Emeianoite]

@robotactionstar It's all a loop my friend... all part of their plan.

[QLEANQLASSY]

@robotactionstar ===carter did not raise the debt - regan did so regan didnt save anything he made it worse by adding to tghe debt ..bush Sr. relowered it...allfacts support that

[MeanPokerFace]

When a majority of Americans adopt a point of view equating Taxes to Penalties, then we might turn it all around.

[durco01]

Frick at least there is a real discussion here.

[shiznaw]

Additionally, I will pose this question: If the government didn't impose a compulsory tax regimen and in the future our economy would experience a recession or just an economic contraction, what should the government do regarding tax policy, since taxes couldn't be lowered below 0%?

My point being that tax policy is used as a long term planning tool by which unplanned capital that would have not been invested is compelled to be injected because of lower taxes over time, not all at once.

[MeanPokerFace]

Good question. I'd think it boils down to what the Federal Gov could do now. Assuming it could function without taxes, they can adjust Fed rates, raise import tariffs, legislate in favor of long-term educational solutions, expedite companies' costs associated with doing business with the Gov(speed up FDA approval's, relax environmental laws preventing drilling, refining, nuclear), and lastly limit the abundance of and award amounts of class action lawsuits. In a perfect world of course...

[MeanPokerFace]

The inverse deduction from your premise is that Taxes serve as a "speed check" for the economy keeping it from reaching a certain momentum..? By that measure, it could be argued income taxes also serve the same function to keep households from gaining a certain amount of wealth. Just reduce taxes when in danger of stalling out.. I would cynically agree...

[jfk1976]

there has never been in a man in my lifetime who was not president but who has deserved to be so more than this man.

[FarFromEquilibrium]

"primary pattern of the left owuld be to study the losing team' how true.

leftists seem to welcome defeat, cultivate defeat, resent success, label it as evil..

Its as if they hate nature and evolution more than the radical religious groups they emulate and berated at the same time.

[Caribman75]

He means trickle down economics.

[James92802]

Would you rather, have your government pay your healthcare bill year after year. Or would you rather your government, start researching such projects as a $2000.00 per year solution to family energy needs? the goal being for under $2000.00 a year, a family would have enough energy to power ahome, and 2 cars for a year.

What would save you the most money? What result would be the best for America? Please I would love to see answers on this.

How many in here would like to see Newt's answer?

[eelzen]

California, year after year, creates the most jobs in America. Yet it's has a high tax rate.

How does Newt explain that?

[2ndPistonHonda]

"creates the most jobs"

per capita?

[James92802]

The report, called "Rich States Poor States," estimates that $7 billion of California's $14 billion deficit in 2003 was the direct result of successful Californians moving out of state in the early 2000s. More than 5,000 of the state's 25,000 millionaires left California to avoid the high taxes and excessive regulations imposed by the special interests in Sacramento.

[eelzen]

Real success is moving your business off shore and keeping your Four Seasons penhouse.

Maybe as sweet as putting a three trillion dollar war on a credit card issue by the Bank of China and retiring to Texas.

[James92802]

You asked about Newt's response.

Then you make fun of the answer with nonsense?

You sound bitter.

[eelzen]

I think I stated facts, not nonsense. I am bitter about the mess GW Bush is leaving us in. I don't think I am alone in feeling that way.

Here's a question I love to ask Newt. How did high tax California create so many millionaires?

Another question for Newt: Would you be willing to give up your government health care plan and pension to lower taxes?

[GBS990]

It's call exodus.

[shiznaw]

Newt surely failed to mention that S Korea was a severely protectionist society when building up their manufacturing sectors...

[aussieconservative]

That is a half truth. There was protections in place but if you want to know why their manufacturing sector is so competitive it has transformed in a way akin to the types of lean methods used by the japanese. Your comment implies that government was responsible for the manufacturing revoultion that we see coming out of korea and that is simply factually false, and furthermore a discredit to the people that have made that country work so efficently. Those people are overwhelmingly in business.

[shiznaw]

Look, I usually don't comment because I'm too busy performing research for my Masters in Econ at the Univ of Utah, but your comment is based upon factual errors. Today, the South Koren government closely monitors and measures what types of goods are imported and how much. The offical index is called the "import liberalization ratio". I wish I had time to educate you through You Tube, but unfortunately, we researchers are kept busy. Please just do your due diligence..look it up and learn.

[Morloon]

You probably cant explain it because you dont understand if yourself.

[truthforamerica]

Liberalism is a mental disorder. There can be no legitimate made that government is better than privatization. Liberals are very generous with other people's money. High taxes hurt everyone, not just one class of people.

[billlumbergh987]

Newt should have run for president. He would've gotten my vote.

[dapple33]

Hey Rifleman, exporting jobs is a Rightist concept. How about having the right give us back the jobs that they already exported.

Exporting jobs began in earnest when the Republicans came into power and continued through the Bush administration.

The only way to bring the jobs back is to tariff the heck out of Chinese and Indian imports. It is protectionist but basic economics dictates that the cost of importing must be ruffly equivalent to domestic production in order to have jobs here.

[firemedic227]

Typical leftist response. Tax More to bring jobs back? The reason they leave is because the left wants to tax more. Punish the producers for producing and give it to the non-producers. Socialism in essence. Don't you get it? It doesn't work!! Reward the producers and they produce more!!! Reward the lazy people and they become more lazy!! It's really that simple.

[kbar9999]

You cannot blame Republicans for the mess. Democrats have controlled Congress 15 years for every 1 that Republicans have for the past 60 years. Pres. Bush lost all his political capital in the last election and then lost the congress. If your going to be in power you have to accept the responsibility. Congress has the power and Democrats have the Congress.

[James92802]

As a Reagan republican, I think the success of a president can be measured but the tools the American people entrust him/her with. GB has been stripped of much of his power because of the weak wimpish decisions he has made.

I'm not sure I know of any war time president that has lost congress.

[James92802]

The goals for this war were not well defined, and committing the US to a war while executing the effort with such a small percentage of our abilities is and was evil. Wars are to be fought with an overriding goal of achieving victory as soon as possible. Anything less than an all out war effort is simply evil, justified by political or greedy motives.

[karen32862]

Ok, so how do you promote these conservative values while at the same time promote the climate "crisis" hoax that is nothing but a Marxist freedom grab. Can't anyone from the Republican party stay on track?

[aussieconservative]

Unfortunately it has to be addressed because so many of the people believe the climate hype, particularly the young which will believe whatever comes out of the mouth of their favorite MTV star. Newt says in his responses regarding this issue that the climate science might not suggest that their is a problem and that it may not be CO2 that is causing the warming of the last century and this one, but at least he is involved in the debate. Without his presence there Al Gore looks pretty clever.

[karen32862]

Yet he appears with Nancy Polosi for a WE commercial stating "together we can solve the climate crisis" in essence giving credence to a crisis that is non-existent. The website he is promoting is an Al Gore website. That is not the way to point out the failings of the climate crisis hypothesis.

[rifleman1812]

free market equals success. the leftest ideas won't bring america foward, and instead allow china to take over.

great message newt