Bill Maher - Job Creators | 2011

Bill Maher talks about some of the hardships "Job Creators" face due to the "uncertainty" the Obama Administration has created.

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[drinksmokelie]

In 2004, 1%er GW Bush handed over a one-time tax amnesty to overseas money that was repatriated. Wow, that really led the fat cats to create lots and lots of jobs. Nope, the result was millions of jobs LOST. The greedy bastards just stuffed the money away and took it all out of circulation--exactly what they've done in the last five years. Now, the Republicans who weep at a billionaire losing a few pennies, are at it again, seeking another amnesty so their rich buddies can pile it up again.

[szatmar666]

@1975howardgoldman US capitalism worked very well for 50 years after the Great Depression. Private sector workers were 35% unionized and the rich payed 70%+ top tax rate and all incoming goods were charged with trade tariffs, while markets were strictly regulated. The 1st year the USA grew its debt faster than its GDP: 1982. Since then only 6% of private wf is union and taxes on the rich are lower than ever with deregulated capitalism: US debt is out of control since then.

[szatmar666]

@Ryooken What U R saying is not cryptic: it makes no sense. 1) The GDP went up most of the time during peace too. 2) I was talking debt/GDP because that's what matters. Sure you can grow the GDP like gangbusters if you borrow like Reagan and Bush (which was only OK during WW2 not after) but that's not what successful capitalist countries do. After the war the US paid off the debt by growing the GDP faster then the national debt EVERY year until 1982. that's what I was talking about.

[Ryooken]

@szatmar666 I see so you missed the part where I said the reason the GDP went up was because we were in the middle of a war. If that's too cryptic for you, then let me put it another way, because the government funded a war we produced more than we ordinarily would. Did I address that enough for you or would you like to continue?

[myrelative]

@drinksmokelie

"out of circulation" - enough to see that you don't know what you're talking about.

there is no "out of circulation".

[szatmar666]

@Ryooken I just did: I presented facts from US economic history...which seems to be way above your head because you didn't even bother to address them.

[Ryooken]

@szatmar666 No actually it's a fact. If you look at the history of capitalism in this country, you will see the consistent failures of the system to maintain itself without exploitation. You will see a direct correlation between the exploitation and government regulation. The GDP went up because we were at war and that mobilized the nation, which has nothing to do with what I said. If you are going to analyze this, then you must do so in it's entirety without that the picture is flawed.

[szatmar666]

@Ryooken That's just an opinion, what I am talking about are economic stats: the US debt to GDP ratio never went up for 50 years except during WW2. Since 1982 however there are only 4 years that it went down, for the rest the US grew its debt much faster than its GDP EVERY year for almost 30 years. Sure there were stock market downturns between 1932 and 1982 but they were nothing compared to 1929, 1987, 2001 or 2008.

[Ryooken]

@szatmar666 Actually it didn't work in the 50s after the Depression. Each decade capitalism rises and falls largely because of the over balancing of the rich at the detriment of the poor. This is why capitalism usually fails because the economy is never stable under the system especially when the system is abused.

[szatmar666]

@Ryooken that's why I said it worked in the "50 years AFTER the Great Depression"

[Ryooken]

@szatmar666 Um you seem to forget the Great Depression was caused by capitalism. In fact, rampant capitalism was at the heart of the Revolutionary War.

[Ryooken]

@youbetzler Are you kidding? The largest job creators are small business people. They make less than 250,000 per year. Most rich people don't create jobs. In fact, Mitt Romney the current Republican front runner was a corporate raider.  Those are the guys that go into companies steal all the valuable assets then fire the hard working people that a moment ago had a solid future. So please let's cut the crap shall we.