- advertisements -
Send it to the CBO to get scored...
Obama's new jobs bill is projected to create 1 billion new jobs over the next 50 years. 50 per year for 49 years, and 999,997,550 in 2061.
Later revised down to 50 in 2061.
There's always a revision.
Rarely, I like sarcasm. This is one of those times. Well done.
(insert pucking sound) What a waste of popcorn.
"everything in this bill will be paid for." can the folks at ZH check with their sources to find out if the details of this sentence have also been leaked? Would love to hear their plans. Don't need much...just an excel sheet or something showing where the 400 billion or so comes from.
The theory being that the "bump" in GDP assumed by these measures will offset the cost.
I see. Is there any evidence that this would work?
Supply siders swear by it
Never mind. Cnbc cleared it up. Democratic sources tell them that the 447 billion will be offset "in future years." I feel better now.
Yeah, instead of increasing spending by 20% every year, they'll only increase it by 19.5%. Bless them all.
Evidence??? They don't need no stinkin evidence!!
They're the government - they know better!
Evidence, evidence, we dont need no stinking evidence!
See this is post normal thinking, which is a unique philosophy.
You dont need evidence. What you need is to make a statement which nobody can prove is impossible, then claim huge benifits/avoidance of catastrophe from the consequences of the statement.
This is how climate science and economic science work now days.
Make a statement which isnt falsifiable and claim a large magnitude effect from it. Thats all.
paid for by the fed of course!!!
No, Paid for by us taxpayers.
Obama's $400,000,000,000.00 price tag for this "program" equates to $1,300.00 from every man, woman, and child in the United States.
Yep; 'Change You Can Bereave In' indeed...
Paid for soon to be $20 a loaf of bread.
In a time of exploding government debts & deficits, Barry finds 300-400 billion in the couch cushions...just laying around...obviously not very badly needed.
Wouldn't it be great if he were actually looking for waste, fraud & abuse? ;-)
yes. and we were to officially be totally 'debt' free in 2015 (by 1996 surplus estimates)....
democrats 'paid for' speak is we pass it and then we will find a way to fund it....taxes, regulations, taxes, oh, and did i mention taxes...and if that doesn't work, then yes the FED will finance the deficit...
Will be paid for with new loans from the Fed. QE unlimited. Printing presses are oiled, tuned and ready to go!
No BS there is something called
The American Jobs (and not tax loop holes) Act was proposed in 2010
here is Rep Lois Capps on her youtube channel discussing it
and the PDF of the ACT
and this is what happened to that ACT
More like the Definition of Madness Act.
Creating more jobs when demand is absent. Truly brilliant...
This is probably the best observation of the entire thread. Well done.
Yes, creating jobs where there is no business need for those jobs is an insane move, and giving employers a tax break to hire more people is equally insane.
If a business needs more people, they would be hired without a tax break. If a business doesn't need more people, hiring more people to get a tax break would cost the business money and be foolish.
So no, a tax break won't work.
More apple pie for everyone!
Even a worm learns.
Stuff like this makes we want to have violent projectile vomiting from all orifices
When all my dime dancing is through i run to you.....
AJA...makes me think of kAJAgoogoo, "You're too shy shy hush hush..."
Can someone tell Barry to hush hush and get back on the links?
Remember back when the purpose of taxes was to raise revenue for the government, and not an attempt to manipulate economic and personal decisions? Neither do I
"...whether we can restore some of the fairness and security that has defined this nation since our beginning."
He should ASK any BLACK family! Really.
This point cannot be stressed enough.
Abortion? I thought President Zero was pro choice?
As for the speech and the almost certain mainframe stupidity based ES reaction...indeed, it should take very little time for that abortion to ocurr. In the last two days, I have seen some of the WORST TRADING FROM THE LONG SIDE I HAVE EVER SEEN. Clearly, someone forgot to give the algos their meds...or reprogram them to take into account....ANYTHING.
Even BlowHorn [CNBC] participants seem confused. From the nanosecond money gang, Gee opened the show with a diatribe about "the technicals," setting up his commentary to be technically bullish, and then in the same breath...favored the downside.
Following up was the Negotiator [Tim, I think], who commented that we would come in under pressure after the zero effect of President Zero's speech...but then closed the show with bullishness on China inflation numbers to be released later tonight.
Now the equity market road is almost always tortured and twisted; however, many, many signals today indicated that...no one knows just what the fuck is going on right now.
And then there is the Dixie. Whatever the open, and whatever the close, that is one signal that seems crystal clear. And never mind your uber rant about fiat paper...because this misses the point. The point, of course, is that some of the very biggest trades out there are going to have to face the Dixie...and those trades are quite likely going to have to unwind.
Good luck out there, my brothers.
Cdad...definitely feeling aggressive tendencies.
When I see the phrase Keynesian abortion, Steve Liesman comes to mind.
You know...sometimes an image just goes too damn far. Throwing up a little in my mouth just now. Thanks, buddy.
**Steve covered in afterbirth**
I quit watching Slow Money when Jeff Macke went away.
The "American I'll Gladly Pay You Tuesday for a Hamburger Today Act" bitchez!
And everything in this bill will be paid for. Everything.
I wonder how. Is the US going to sell off some of the national parks?
And the post office may have to close this winter.
Fuck if I know....
"The purpose of the American Jobs Act is simple: to pretend to do something leader-like in order to ensure my re-election. Hey! Who the fuck put that in my speech? That comment was supposed to be off the record."
he better be on time for this one, football starts!!!!!!!!!!
Can we get somebody to hack into the teleprompter?
And everything in this bill will be paid for. Everything.
"You mean everything?"
reminds me of Timmy
Or the 100% sure Bernank.
They forgot to put the Chorus section between paragraphs:
Standing Room only applause
After last paragraph Roaring Applause - Random Hoorays from Rows 1, 6, 8, and 11 on the left side
No. they're going to sell some gold. It has no other use...
The ABJ Act--Blow jobs for all!
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.