MSG3 wrote:smackeddog wrote:BRIGGS wrote:Just read an article with Bruce Sprinsteen saying that he was "freaked out" after the first debate. This is truly the difference in the race. 68 million people is a LOT of people
People vote for strange reasons- can't believe so many people base their decision on one tv debate.
That's a huge generalization. Perhaps people don't like that the president hasn't delivered on a lot of promises pertaining to the economy. He also can't seem to work with anyone in congress, including his own party (when was the last time a President proposed a bill that got ZERO votes?). The fact that there has been a huge cover up on Benghazi doesn't help either.
I voted for Obama in 08. I will not be voting for him tomorrow.
How can you have voted for what Obama stands for and now all of a sudden you don't stand for those things anymore? Please explain that to me! The biggest roadblock to what Obama wanted to do was THE REPUBLICAN CONGRESS! Here's just a short list of things the Republicans blocked or tried to repeal:
1. Tax on Companies that ship jobs overseas- A bill that would have eliminated a tax break that companies get when they ship jobs overseas. Republicans blocked this, allowing companies to keep the tax break they receive when they ship jobs to other countries.
2. Political Ad disclosure bill- Would have required all donors to political campaigns to reveal themselves. Republicans blocked this, not once but twice.
3. Subpoena Power for the Committee investigating the BP Oil Spill – Give subpoena power to the independent committee responsible for investigating BP’s roll in the oil spill. Republicans attempted to block this.
4. The Small Business Jobs Act -would give LOCAL, community banks access to billions of dollars to loan to small businesses. Republicans blocked this, then attempted to block it a second time and failed.
5. The DREAM Act- Gives immigrant youth who were brought here as children a path to citizenship by earning a college degree or serving the military for 2 years. Republicans blocked this.
Most of all the Republicans in the House never even put the Obama's "American Jobs Act" up for a vote.
Elements of the proposed billThe White House provided a fact sheet which summarizes the key provisions of the $447 billion bill.[15] Some of its elements include:
1. Cutting and suspending $245 billion worth of payroll taxes for qualifying employers and 160 million medium to low income employees.
2. Spending $62 billion for a Pathways Back to Work Program for expanding opportunities for low-income youth and adults.
1. $49 billion - Extending unemployment benefits for up to 6 million long-term beneficiaries.
2. $8 billion - Jobs tax credit for the long term unemployed.
3. $5 billion - Pathways back to work fund.[15]
3. Spending $50 billion on both new & pre-existing infrastructure projects.
4. Spending $35 billion in additional funding to protect the jobs of teachers, police officers, and firefighters
5. Spending $30 billion to modernize at least 35,000 public schools and community colleges.
6. Spending $15 billion on a program that would hire construction workers to help rehabilitate and refurbishing hundreds of thousands of foreclosed homes and businesses.
7. Creating the National Infrastructure Bank (capitalized with $10 billion), originally proposed in 2007, to help fund infrastructure via private and public capital.
8. Creating a nationwide, interoperable wireless network for public safety, while expanding accessibility to high-speed wireless services.
9. Prohibiting discrimination in hiring against persons who are unemployed because of their status as unemployed persons..
10. Loosening regulations on small businesses that wish to raise capital, including through crowdfunding, while retaining investor protections.
In total the legislation includes $253 billion in tax credits (56.6%) and $194 billion in spending and extension of unemployment benefits (43.4%).[15]
The Senate version of the Bill was scored by the CBO and they said it would decrease the deficit as well as create jobs!
The CBO and JCT estimate that, in total, enacting S. 1660 would decrease deficits by about $6 billion over the 2012-2021 period (see enclosed table). That estimated deficit reduction of $6 billion over the coming decade is the net effect of $447 billion in additional spending and tax cuts in titles II through III and $453 billion in additional tax revenue from the surtax specified in title IV.[...]
Now explain why a bill that was guaranteed to create jobs was rejected even tho it would reduce the deficit?