Tag Archives: White House

64 Years Later

One Man’s Thoughts Has Moved To

http://www.patriotthoughts.com

You can read this article at:

http://www.patriotthoughts.com/2010/07/12/64-years-later/

Thank You, Vytautas

Obama Could Have Averted Catastrophe In The Gulf

One Man’s Thoughts Has Moved To

http://www.patriotthoughts.com

You can read this article at:

http://www.patriotthoughts.com/2010/07/09/obama-could-have-averted-the-catastrophe-in-the-gulf/

Thank You, Vytautas

 

FreedomFest 2010

One Man’s Thoughts Has Moved To

http://www.patriotthoughts.com

You can read this article at:

http://www.patriotthoughts.com/2010/07/08/freedomfest-2010/

Thank You, Vytautas

7.9 Million Jobs Lost, Many Forever

The Obama and the Democrats have killed off 7.9 million jobs. It’s increasingly likely that many will never come back.

The government jobs report issued Friday shows that businesses have slowed their pace of hiring to a relative trickle.

“The job losses during the Great Recession were so off the chart, that even though we’ve gained about 600,000 private sector jobs back, we’ve got nearly 8 million jobs to go,” said Lakshman Achuthan, managing director of Economic Cycle Research Institute.

One of the big problems is that many of workers who have lost jobs were in industries that are not likely to recover their former strength.

“We’ve got the wrong people in the wrong place with the wrong skills,” said John Silvia, chief economist with Wells Fargo Securities. He said construction workers in California or Florida and auto workers in Michigan will have to relocate and retrain to find new jobs.

“As many as half the people who lost their jobs will have to find something else to do,” said Silvia.

Home building lost nearly 1 million jobs since the start of 2008, while the auto industry shed 300,000 manufacturing jobs due to plant closings. The finance and real estate sectors lost more than 500,000 jobs.

“Those are the areas with the biggest bubbles, and so it’s not a surprise that those are the areas with some of the biggest job losses,” said Scot Melland, CEO of Dice Holdings, a provider of specialized career web sites. “Many of the jobs we lost are never coming back.”

The nation’s working-age population grows by about 150,000 people a month. So the hole is deeper than it looks.

It would take the creation of 10.6 million jobs immediately for the same percentage of the population to be working as was the case three years ago.

Of course, it will take time to create jobs. If it takes three years, more than 3.5 million additional jobs will be needed because of continued population growth.

The unemployment rate is currently 9.5%. A return to the 4.4% rate is out of reach. The Federal Reserve, in its latest forecast, predicts that unemployment will stay around 7% or above through 2012, and in the 5% to 5.3% range in the long-run.

If You Are Looking For A Way To Make Money In This Lousy Economy, Full-Time or Part-Time, Please Check This Out

Barack Obama: The Great Jobs Killer

By Wayne Allyn Root

As former President Ronald Reagan might have said, “Obama, there you go again.”

The current occupant of the White House claims to know how to create jobs. He claims jobs have been created. But so far the score is Great Obama Depression 2.2 million lost jobs, Obama 0 — a blowout.

Obama is as hopeless, helpless, clueless and bankrupt of good ideas as the manager of the Chicago Cubs in late September. This “community organizer” knows as much about private-sector jobs as Pamela Anderson knows about nuclear physics.

It’s time to call Obama what he is: The Great Jobs Killer. With his massive spending and tax hikes — rewarding big government and big unions, while punishing taxpayers and business owners — Obama has killed jobs, he has killed motivation to create new jobs, he has killed the motivation to invest in new businesses, or expand old ones. With all this killing, Obama should be given the top spot on the FBI’s Most Wanted List.

Meanwhile, he has kept the union workers of GM and Chrysler employed (with taxpayer money). He has made sure that most government employee union members got their annual raises for sleeping on the job (with taxpayer money). He made sure that his voters got handouts mislabeled as “tax cuts” even though they never paid taxes (with taxpayer money). And he made sure that major campaign contributors collected billions off government stimulus (with taxpayer money).

As far as the taxpayers — the people who actually take risks with our own money to create small businesses and jobs and pay most of the taxes — we require protection under the Endangered Species Act.

You won’t find proof of the damage Obama is doing on Wall Street, but rather on Main Street. My friends are all part of the economic engine of America: Small business. Small business creates 75 percent of new jobs (and a majority of all jobs). I called one friend who was a wealthy restaurant owner. He says business is off by 60 percent. He’s drowning in debt. He won’t last much longer. His wealth is gone.

I called another friend in the business of home improvement. He says business is off 90 percent from two years ago. My contractor just filed personal bankruptcy. She won’t be building any more homes. The hair salon where I’ve had my hair cut for years closed earlier this year. Bankrupt. But here’s the clincher — ESPN Zone just closed all their restaurants across the country. If they can’t make it selling cheap food and overpriced beer with 100 big screens blaring every sporting event on the planet to a sports-crazed society, we are all in deep, deep trouble.

I’ve polled all my friends who own small businesses — many of them in the Internet and high-tech fields. They all agree that in this new Obama world of high business taxes, income taxes, payroll taxes, capital gains taxes, and workers compensation taxes, the key to success is to avoid employees. The only way to survive as a business owner today is by keeping the payroll very low and by hiring only independent contractors or part-time employees provided by temp agencies.

The days of jobs in the private sector with big salaries, full benefits, and pensions are over. We’ve all seen where those kinds of jobs get you as a business owner — in Bankruptcy Court or surviving on government welfare like GM and Chrysler. Or in the case of government itself — completely insolvent, but surviving by ripping off taxpayers and fraudulently running printing presses at the Fed all day and night to print money by the trillions.

Unfortunately, small businesses don’t have the power to impose taxes or print money. So unlike government, we’ll just have to cut employees and run lean and mean.

It has now become clear that, outside of the burgeoning field of Census takers, there will be no major increase in new jobs for years to come. Outside government, Obama has created a wasteland of economic ruin and depression that looks much like the landscape of Mel Gibson’s first movie “Mad Max.” Without a printing press in Obama’s world, you’re just plain out of luck.

The days of believing the Obama propaganda about a jobs recovery are over. The trillion-dollar corporate handouts (neatly named “stimulus”) may have kept big business in the money for the past 18 months, and artificially propped up the stock market, but small business is the real canary in the coal mine.

My small business-owning friends aren’t creating one job. Not one. They are shedding jobs. They are learning to do more with fewer employees. They are creating high-tech businesses that don’t need employees. And many business owners are making plans to leave the country. In a high-tech world where businesses can be run from anywhere, Obama has a problem. His one-trick pony — raise taxes, raise taxes, raising taxes — is chasing away the business owners he desperately needs to pay his bills.

So who is going to pay Obama’s taxes? Not his voters. They want government to pay them. Who is going to create Obama’s jobs? Not his voters — they’ve never created a job in their lives.

So what is Obama going to do? Maybe he can get Pamela Anderson on the line.

Wayne Allyn Root, a former vice presidential nominee for the Libertarian Party, writes from Henderson. His column appears every other week.

http://www.lvrj.com/opinion/barack-obama–the-great-jobs-killer-97758294.html

If You Are Looking For A Way To Make Money In This Lousy Economy, Full-Time or Part-Time, Please Take The Time To Check This Out

Wayne Allyn Root

I have posted a couple of articles by Wayne Allyn Root on this blog. I hope you have enjoyed them as much as I have. I met Wayne many years ago in Las Vegas at a convention. He has a great personality and a sharp mind. Please visit his website http://www.rootforamerica.com/. I think you will find it refreshing.

Obama Still Kissing Muslim Ass!

One Man’s Thoughts Has Moved To

http://www.patriotthoughts.com

You can read this article at:

http://www.patriotthoughts.com/2010/07/06/better-relations-with-muslim%E2%80%99s-who-brought-you-911/

Thank You, Vytautas

Socialism From The Democrats In Congress Keeps Marching On!

Passage by the Democrats in Congress of the national health care legislation will impact the nation’s coin collectors.

Effective Jan. 1, 2012, the whole system of giving and receiving IRS 1099 forms will be turned on its head and all persons (including corporations) who are in business will now have to give 1099 tax reporting forms for goods that they sell as well as buy.

The responsibility for issuing forms kicks in at $600 for coins or bullion. It doesn’t matter in what form payment is made, whether cash, check, credit card, or Yap stone money, the $600 threshold applies.

Form 1099 is used to report independent contractor income, income from dividends, income from other things – and is one of the reasons why children receive tax bills for work or labor or services performed.

Section 9006 of the Patient Protection and Affordable Care Act (Public Law 111-148), signed into law by Obama, turns 1099 forms into reporting forms not only for independent contractor’s income – what they have long been used for – but also to show sales, gains and losses on purchases and sales of goods as part of a trade or business.

The section reads (in relevant part) “SEC. 9006. EXPANSION OF INFORMATION REPORTING REQUIREMENTS. (a) IN GENERAL. – Section 6041 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsections:

‘‘(h) APPLICATION TO CORPORATIONS. – Notwithstanding any regulation prescribed by the secretary before the date of the enactment of this subsection, for purposes of this section the term ‘person’ includes any corporation that is not an organization exempt from tax under section 501(a).

The old exemption for corporations is gone!

‘‘(i) REGULATIONS. – The secretary may prescribe such regulations and other guidance as may be appropriate or necessary to carry out the purposes of this section, including rules to prevent duplicative reporting of transactions.’’

(b) PAYMENTS FOR PROPERTY AND OTHER GROSS PROCEEDS. –

Subsection (a) of section 6041 of the Internal Revenue Code of 1986 is amended –

(1) by inserting ‘‘amounts in consideration for property,’’ after ‘‘wages,’’
(2) by inserting ‘‘gross proceeds,’’ after ‘‘emoluments, or other’’, and
(3) by inserting ‘‘gross proceeds,’’ after ‘‘setting forth the amount of such.’’

The property section means that if Joe American sold a one ounce American Eagle to a dealer a 1099 would have to be issued. The “report” does not measure profit or loss, but it shows activity. Big Brother in action.

We need to get rid of these collectivists in Congress. Our Founding Fathers would roll over in their graves if they could know about this.

In November, vote for anyone except a Democrat!

“ The Repeated, Complete And Inevitable Failure Of Gun Laws To Control Serious Crime”

“If gun laws in fact worked, the sponsors of this type of legislation should have no difficulty drawing upon long lists of examples of criminal acts reduced by such legislation. That they cannot do so after a century and a half of trying …”

Senator Orrin Hatch, in a 1982 Senate Report

Overwhelm The System

One Man’s Thoughts Has Moved To

http://www.patriotthoughts.com

You can read this article at:

http://www.patriotthoughts.com/2010/06/30/overwhelm-the-system/

Thank You, Vytautas