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In Jobs We Trust
Author: BobR    Date: 11/04/2011 13:18:42

Ask enough people in the U.S. what the number one issue is facing our country, and the majority will answer "Jobs". The Bush-era economic policies resulted in those at the top being financially rewarded for shipping jobs overseas, and unregulated financial groups selling debt as assets until the whole ponzi scheme collapsed. The fallout has resulted in a stagnant job market as companies sit on money rather than investing in growth.

Despite it being Congress's job to create bills to alleviate this sort of thing, the Republican leadership in the House has criticized President Obama for not coming up with a jobs bill. So - he did. He created a comprehensive bill that covers a lot of territory and is well thought out. He presented it to Congress where it quickly stalled.

In the meantime, the House Republicans have been working on plenty of bills themselves - there was the bill redefining rape, bills about abortion, and - yesterday - the bill affirming "In God We Trust" as the official U.S. motto. What does this have to do with jobs, America wonders?...

It's not like there has been talk of doing away with the motto. The rationale for it was summed up by Rep. Tom Price (R-GA) who said "This was a priority because the president himself had stated that the motto of the country was E Pluribus Unum, so we thought we’d remind him”. In other words - as Jon Stewart said later that night - they just wanted to be dicks.

Republicans obviously don't believe in E Pluribus Unim (despite all the "United We Stand" signs that appeared shortly after 9/11), since they seem keen on being as partisan and divisive as possible. THAT is their main focus - destroying Obama's presidency - not uniting the country or creating jobs. It doesn't seem to be working - Obama's approval rating is up 6% from last month to 47%, partly due to the in-fighting in the Republicans presidential primary race.

His improved approval rating is also probably due to Americans waking up and realizing just how bad things are. Some of this comes thanks to the Occupy Wall Street movement, and all the other "Occupations" that it has spawned. It's also possible that things have gotten bad enough that it's hard not to notice.

There's the city in Michigan that has turned off the street lights to save money on the electrical bill...

The number of Americans living at or below the poverty line now number 1 in 15...

While the jobs situation is improving, it is taking a long time getting there:

http://www.oliverwillis.com/wp-content/uploads/2011/04/obama-private-sector-600x423.jpg


There is also the inequity in the way taxes are paid. Most middle class people pay federal income tax, social security and medicare tax, and state income tax. They also pay sales tax on the things they buy, and spend pretty much their entire paycheck each month, thus paying sales tax on their entire take-home pay (the lower the income, the more likely that's the case). Those at the upper end of the scale pay the social security and medicare taxes on only the first $100K they make. So - a person making $100K may be paying 8% of his income for SS tax, and a person making $200K only pays 4% of their income on SS tax. On top of that, the rich Wall St. types make most of their money on "Capital gains", and those are taxed at about 1/2 the rate of normal salaries.

Add to this inequity a new report showing that quite a few enormous companies are making huge profits and paying no taxes at all. The income taxes of the middle class provide the infrastructure for these companies to make huge profits, and they don't help pay for it at all.

THIS is a huge ponzi scheme. Those at the top of these companies keep sucking up all the spare cash out of their company, and if it keeps up, the company will fail because there will be no one left with money to buy their products. It's a jobs disaster waiting to happen.

This is why it is SO important that Congress creates a bill that will create jobs directly (yes, that means "government jobs"), as well as via contracts with private companies to do work to improve the U.S., to create tax incentives and penalties to encourage companies to hire in the U.S., and fix the tax structure for the financial markets to raise more revenue for the government and prevent the upward flow of cash. THAT is what a jobs bill looks like. The President's bill covered a lot of this. Republicans?... all they ever talk about is tax cuts. After 8 years of tax cuts under the Bush administration, how well did THAT work out?

I suppose "In God We Trust" SHOULD be our motto - we sure as hell can't trust the Republican "leadership" in Congress to do the right thing...
 

79 comments (Latest Comment: 11/05/2011 04:04:10 by BobR)
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Comment by Raine on 11/04/2011 13:26:30
Excellent post, Bob.



good morning!

Comment by wickedpam on 11/04/2011 13:29:13
Morning

Comment by Raine on 11/04/2011 13:32:19
This is pretty huge news: The credit unions pulled in some 650,000 new customers since September 29, when Bank of America announced it would add a $5-a-month debit card fee, an industry trade group reported. Deposits from new customers surged to $4.5 billion, according to the survey released Thursday of 5,000 credit unions by the Credit Union National Association.


Comment by TriSec on 11/04/2011 13:51:45
Morning, comrades!

I'd rather we didn't have "In God We Trust". Let us be United instead. Ben Franklin himself said "We all must hang together, or surely we shall hang separately". I'd rather have leaders work together to solve problems instead of relying on some sky spirit for divine intervention.

But that's just me. Whaddya want, I'm from Massachusetts.



Comment by Raine on 11/04/2011 14:00:50
BREAKING: package exploded at a post office in Ransom, WV. Possible white powder involved. Building evacuated. More at noon @wusa9


Comment by Scoopster on 11/04/2011 14:09:11
Mornin' all & Happy Fridee!

Quote by Raine:
This is pretty huge news: The credit unions pulled in some 650,000 new customers since September 29, when Bank of America announced it would add a $5-a-month debit card fee, an industry trade group reported. Deposits from new customers surged to $4.5 billion, according to the survey released Thursday of 5,000 credit unions by the Credit Union National Association.


That. is. AWESOME!


Comment by Raine on 11/04/2011 14:15:11
Quote by Raine:
BREAKING: package exploded at a post office in Ransom, WV. Possible white powder involved. Building evacuated. More at noon @wusa9
there are a few more details here.


Comment by Raine on 11/04/2011 14:16:41
Comment by wickedpam on 11/04/2011 14:20:48
Quote by Raine:
BREAKING: package exploded at a post office in Ransom, WV. Possible white powder involved. Building evacuated. More at noon @wusa9



Ranson? that's seems like an odd place for them to turn up. THat's near Charles Town and Haper's Ferry if I remember correctly

Comment by Raine on 11/04/2011 14:35:36
Quote by wickedpam:
Quote by Raine:
BREAKING: package exploded at a post office in Ransom, WV. Possible white powder involved. Building evacuated. More at noon @wusa9



Ranson? that's seems like an odd place for them to turn up. THat's near Charles Town and Haper's Ferry if I remember correctly
yes, it right near Charles Town.

I'm waiting for some more details.


Comment by TriSec on 11/04/2011 14:43:51
*non-sequitir*:

Only in America would we neutralize the healthy effects of lettuce and tomato by adding bacon.


Near Harper's Ferry, eh? Surely somebody might be trying to make a point?


Comment by wickedpam on 11/04/2011 14:53:46
Quote by Raine:
Quote by wickedpam:
Quote by Raine:
BREAKING: package exploded at a post office in Ransom, WV. Possible white powder involved. Building evacuated. More at noon @wusa9



Ranson? that's seems like an odd place for them to turn up. THat's near Charles Town and Haper's Ferry if I remember correctly
yes, it right near Charles Town.

I'm waiting for some more details.



Its a dinky little town, nothing really to see there, Charles Town is the biggest city to it

Comment by wickedpam on 11/04/2011 15:15:35
Comment by Raine on 11/04/2011 15:21:30
She was very classy.

That guy was very rude.


Comment by BobR on 11/04/2011 15:21:37
Quote by TriSec:
*non-sequitir*:

Only in America would we neutralize the healthy effects of lettuce and tomato by adding bacon.

Near Harper's Ferry, eh? Surely somebody might be trying to make a point?

The bacon also neutralizes the lack of delicious bacony flavor in the tomatoes and lettuce.

Comment by BobR on 11/04/2011 15:23:07
Comment by livingonli on 11/04/2011 15:51:47
Good morning everyone.

Quote by BobR:
no freakin' way!!


Lizz Winstead posted on facebook that she is giving up comedy because of this.

Comment by TriSec on 11/04/2011 17:29:53
OK, so I ordered a turkey BLT for lunch today from this new shop we're trying out.

It appeared to be a bacon sandwich, garnished with lettuce and tomato, plus two slices of turkey.

I like this place!

essence of bacon --->

Comment by Raine on 11/04/2011 18:04:03
Quote by TriSec:
OK, so I ordered a turkey BLT for lunch today from this new shop we're trying out.

It appeared to be a bacon sandwich, garnished with lettuce and tomato, plus two slices of turkey.

I like this place!

essence of bacon --->
nom!


Comment by Raine on 11/04/2011 18:12:23


Comment by Raine on 11/04/2011 18:19:59
ok peeps, this has just shown up about 5 times on my twitter feed:

Herman Cain: "I am the Koch Bros brother from another mother. "





Comment by Raine on 11/04/2011 18:27:34
Quote by Raine:
ok peeps, this has just shown up about 5 times on my twitter feed:

Herman Cain: "I am the Koch Bros brother from another mother. "



Source: TPM tweeter

Comment by wickedpam on 11/04/2011 18:51:47
Quote by Raine:
Quote by Raine:
ok peeps, this has just shown up about 5 times on my twitter feed:

Herman Cain: "I am the Koch Bros brother from another mother. "



Source: TPM tweeter



he actually said that?

Comment by TriSec on 11/04/2011 19:08:36
Say, about this banking thing going on tomorrow....local banks are OK, yes?

We used to be with US Trust (I don't know what they evolved to) until the fees got out of control maybe 10 years ago. There was a local run on the bank, and everyone switched to Watertown savings.

Anyway...



Comment by wickedpam on 11/04/2011 19:12:10
Quote by TriSec:
Say, about this banking thing going on tomorrow....local banks are OK, yes?

We used to be with US Trust (I don't know what they evolved to) until the fees got out of control maybe 10 years ago. There was a local run on the bank, and everyone switched to Watertown savings.

Anyway...




I don't see why local banks wouldn't be ok. Isn't the point to bring money back to communities from these national/global banks

Comment by Scoopster on 11/04/2011 19:13:45
Quote by TriSec:
Say, about this banking thing going on tomorrow....local banks are OK, yes?

We used to be with US Trust (I don't know what they evolved to) until the fees got out of control maybe 10 years ago. There was a local run on the bank, and everyone switched to Watertown savings.

Anyway...

Yeah local banks are fine. I was looking into either BankRI or Washington Bank & Trust myself.

Comment by Raine on 11/04/2011 19:17:56
Quote by wickedpam:
Quote by Raine:
Quote by Raine:
ok peeps, this has just shown up about 5 times on my twitter feed:

Herman Cain: "I am the Koch Bros brother from another mother. "



Source: TPM tweeter



he actually said that?

Yes.

He did.

Comment by BobR on 11/04/2011 19:18:38
Quote by TriSec:
Say, about this banking thing going on tomorrow....local banks are OK, yes?

We used to be with US Trust (I don't know what they evolved to) until the fees got out of control maybe 10 years ago. There was a local run on the bank, and everyone switched to Watertown savings.

Anyway...


I've had checking accounts with two small banks in the last 30 years, and they both ended up being absorbed by larger banks. Next time (after the 1st of the year), I am going with a credit union.

Comment by wickedpam on 11/04/2011 19:19:51
Quote by Raine:
Quote by wickedpam:
Quote by Raine:
Quote by Raine:
ok peeps, this has just shown up about 5 times on my twitter feed:

Herman Cain: "I am the Koch Bros brother from another mother. "



Source: TPM tweeter



he actually said that?

Yes.

He did.



oh lord

Comment by BobR on 11/04/2011 19:19:58
Quote by Raine:
ok peeps, this has just shown up about 5 times on my twitter feed:

Herman Cain: "I am the Koch Bros brother from another mother. "




Reminds me of "Twin Sons of Different Mothers"

Comment by Raine on 11/04/2011 19:21:22
Anyone got a live stream with audio for the woman who Cain sexually harrassed?

Comment by Raine on 11/04/2011 19:22:09
Comment by wickedpam on 11/04/2011 19:22:41
Quote by BobR:
Quote by TriSec:
Say, about this banking thing going on tomorrow....local banks are OK, yes?

We used to be with US Trust (I don't know what they evolved to) until the fees got out of control maybe 10 years ago. There was a local run on the bank, and everyone switched to Watertown savings.

Anyway...


I've had checking accounts with two small banks in the last 30 years, and they both ended up being absorbed by larger banks. Next time (after the 1st of the year), I am going with a credit union.



That's what happened to me - I had First Virginia bank since I moved to this area, my grandparents had accounts at First Virginia before that. I loved First VA - knew the people at that the bank where I went, they knew me. Then it got taken over by BB&T - meh.

Comment by Raine on 11/04/2011 19:22:58
I think this will be shown live:

Comment by wickedpam on 11/04/2011 19:24:24
Quote by Raine:
I got one.



nice courtyard

Comment by Raine on 11/04/2011 19:26:45
Quote by wickedpam:
Quote by Raine:
I got one.



nice courtyard
I;m trying to figure out where this might be...


Comment by Raine on 11/04/2011 19:28:19
At least one of the women who has been reported to have settled with the National Restaurant Association — over allegations she was the recipient of sexual harassment by GOP presenter Herman Cain — is about to release a statement via her attorney Joel P. Bennett. Bennett represented this individual who now finds herself at the center of a media firestorm which has brought a lot of scrutiny to the Cain campaign, along with increased campaign donations and a rise in the polls.
She isn't going to speak -- her attorney will.



Comment by wickedpam on 11/04/2011 19:28:59
Quote by Raine:
Quote by wickedpam:
Quote by Raine:
I got one.



nice courtyard
I;m trying to figure out where this might be...



hmm looks like older brick - I'm going with Georgetown or Adams Morgan

Comment by Raine on 11/04/2011 19:32:35
Quote by wickedpam:
Quote by Raine:
Quote by wickedpam:
Quote by Raine:
I got one.



nice courtyard
I;m trying to figure out where this might be...



hmm looks like older brick - I'm going with Georgetown or Adams Morgan
HAH!

I was thinking Georgetown as well! Adams Morgan makes sense too.


Comment by wickedpam on 11/04/2011 19:35:47
Quote by Raine:
Quote by wickedpam:
Quote by Raine:
Quote by wickedpam:
Quote by Raine:
I got one.



nice courtyard
I;m trying to figure out where this might be...



hmm looks like older brick - I'm going with Georgetown or Adams Morgan
HAH!

I was thinking Georgetown as well! Adams Morgan makes sense too.



If its the lawyer speaking, smart move on her part in my book, then this areas would be about right. Also maybe in the oldtown parts of Alexadria maybe

Comment by wickedpam on 11/04/2011 19:36:29
Do we know if this is local?

Comment by wickedpam on 11/04/2011 19:38:43
are you getting any audio?

Comment by Raine on 11/04/2011 19:38:53
Quote by wickedpam:
Do we know if this is local?

Actually, no. IT might not be local at all. I know courtyards in Albany NY that look like this.

I know it's friday, but come on -- dump it already peeps!

Comment by Raine on 11/04/2011 19:39:32
Quote by wickedpam:
are you getting any audio?

I think the audio will start when they are about ready to begin.


Comment by wickedpam on 11/04/2011 19:40:19
never mind it says

No audio on the feed

Comment by Raine on 11/04/2011 19:51:53
Please Note. Dubya was in the building at the time, talking to people at Goldman Sachs.

Chris Hedges’ Speech in Front of Goldman Sachs Leads to Arrest

Comment by livingonli on 11/04/2011 19:53:11
Sounds like Dubya was talking to his base again.

Comment by Raine on 11/04/2011 19:56:50
Randi just played the Audio from the Koch Brothers AFP event with herman cain...

He said he is PROUD of it! HOLY good LAWD!

Comment by wickedpam on 11/04/2011 20:03:23
he's on