Dem plan to boost manufacturing: raise taxes

posted at 1:36 pm on August 4, 2010 by Ed Morrissey

With the retreat of manufacturing over the last two months dimming what had been a rare bright spot in the economy, Democrats are desperate to be seen as responsive to the turndown.  The Washington Post reports that Democrats now want to rush a manufacturing stimulus through Congress, but how do they propose to do it — tax credits, rolling back regulation, or suspending capital-gains taxes on the sector?  Not exactly:

President Obama and congressional Democrats — out of options for another quick shot of stimulus spending to revive the sluggish economy — are shifting toward a longer-term strategy that promises to tackle persistently high unemployment by engineering a renaissance in American manufacturing.

That approach, heralded by Obama last week in Detroit and sketched out in a memo to House Democrats as they headed home for the August break, is still evolving and so far focuses primarily on raising taxes on multinational corporations that Democrats accuse of shipping jobs overseas.

The strategy also repackages policies long pursued by the White House — such as investing in clean energy, roads, bridges and broadband service — with more than two dozen legislative proposals aimed at developing a plan for promoting domestic manufacturing.

Even the Post is unimpressed:

Many of the ideas being promoted by Democrats to stop the slide are hardly new. House Republican Whip Eric Cantor (Va.) called the strategy “more meaningless than harmful” after voting for one Democratic proposal, a resolution to encourage packers of domestic fruits and vegetables to display the American flag on their labels.

In other words, the “new” plan looks a lot like the same-old, same-old from Democrats — tax hikes and pork.  It’s the same kind of thinking that went into last year’s stimulus package, only Porkulus at least had some tax credits in it.

Instead, Obama and the Democrats plan to take a page out of John Kerry’s playbook from 2004.  Remember “Benedict Arnold CEOs,” the companies that moved out of US jurisdiction to save money on taxes and regulation?  Even though Kerry did much the same thing with his yacht (and took money from the very same CEOs in that election), he railed against the companies when it was the taxes and regulation that created the situation.  What will happen to multinationals that get hammered by the US for more taxes for taking manufacturing overseas to escape the high cost of labor, taxes, and regulation in the US?  They will find greener pastures overseas and eliminate the necessity of paying the taxes at all.

And what of the rest of their plan?  Well, building bridges and roads hasn’t exactly started a boom economy more than 16 months after passing Porkulus.  A Porkulus Lite will only stimulate Congressional crowing over pork by incumbents desperate to cling to power.  It’s nothing more than a bread-and-circuses act with a high price of admission, and one that will eventually leave Americans shoveling after the Democrats leave the big tent.


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Well, building bridges to nowhere and repaving the same roads hasn’t exactly started a boom economy more than 16 months after passing Porkulus.

Mild ftfy. The stories are legion about how in the name of ‘stimulus’ they’re tearing up a road not a year old to make it again.

Dark-Star on August 4, 2010 at 1:38 PM

they can’t even build half the stuff they want without getting tangled in union and environmental regs.

rob verdi on August 4, 2010 at 1:39 PM

When all you own is a hammer …

They’ve got a sickle, too.

amerpundit on August 4, 2010 at 1:41 PM

the Dems never come up with any new ideas….it’s always more taxes and more nanny-state spending. You’d think that sometime over the past 50 yrs some bright young fella that leaned left would come up with something original.

search4truth on August 4, 2010 at 1:43 PM

Dem plan …: raise taxes

Seems to be their plan for everything.

MassVictim on August 4, 2010 at 1:43 PM

Here’s how you stimulate not just manufacturing, but ALL business: eliminate the corporate income tax. Now, companies will have 30%-40% (or more) net income, and can expand drastically. This expansion will mean many more jobs, the income of which will be taxable, more than offsetting the loss of corporate income tax.

Not only that, this tax policy will draw multinational and foreign companies to the US, resulting in even more jobs and more personal income tax revenues.

If we couple that with a cut in personal income taxes, these new jobs will result in added spending, which will increase demand for goods and services, resulting in more money for corporations and small businesses, resulting in more jobs, and on and on.

It’s obvious. That’s why it won’t happen.

stonemeister on August 4, 2010 at 1:43 PM

No…he has a sickle to match his hammer… but lose are all he has….

CynicalOptimist on August 4, 2010 at 1:43 PM

0bama and the democrats will burn America to the ground, and leave the republicans nothing but scorched earth and ash to rebuild with.

Rebar on August 4, 2010 at 1:44 PM

They just don’t get it. How thick in the head are these people?

capejasmine on August 4, 2010 at 1:44 PM

What will happen to multinationals that get hammered by the US for more taxes for taking manufacturing overseas to escape the high cost of labor, taxes, and regulation in the US? They will find greener pastures overseas and eliminate the necessity of paying the taxes at all.

As usual with democrats…it’s politics before country.

All the democrats want to do is butter the unions and special interest bread some.
Then they will demonize Republicans who are against these job killing measures as “not protecting American jobs”…..
….”in the bed with foreign fat cats”……

Just more destructive idiocy coming from democrats who only care about their own centralized power.

Baxter Greene on August 4, 2010 at 1:46 PM

More FAIL. Nothing but FAIL from the Democrats.

30 pcs of silver on August 4, 2010 at 1:47 PM

focuses primarily on raising taxes on multinational corporations that Democrats accuse of shipping jobs overseas.

I wonder if this would result in similar effects as the Smoot-Hawley tariff act? Punishing overseas activities from doing business with the US was blamed for extending the Great Depression.

ted c on August 4, 2010 at 1:47 PM

They’ve got a sickle, too.
amerpundit on August 4, 2010 at 1:41 PM

Give that man a Macanudo!

Akzed on August 4, 2010 at 1:47 PM

Incompetence is indignant.

Schadenfreude on August 4, 2010 at 1:48 PM

Automobile executive Henry Ford spent an evening at the White House trying to convince Hoover to veto the bill, calling it “an economic stupidity”.[11] J. P. Morgan’s chief executive Thomas W. Lamont said he “almost went down on my knees to beg Herbert Hoover to veto the asinine Hawley-Smoot tariff.”[12]

Hoover opposed the bill and called it “vicious, extortionate, and obnoxious” because he felt it would undermine the commitment he had pledged to international cooperation. Later events would reveal Hoover was right: the international community levied their own tariffs in retaliation after the bill had become law. However, in spite of his opposition, Hoover yielded to influence from his own party and business leaders and signed the bill.[

http://en.wikipedia.org/wiki/Smoot-Hawley_Tariff_Act

ted c on August 4, 2010 at 1:48 PM

out of options

Yeah raise taxes on everyone sending jobs out of the country to motivate them to… move the rest out of the country?

Brilliant. Bozo, Turbo Timmy and Bite Me worked this out in a “brain storming” session. (I had to bite my tongue while typing that)

dogsoldier on August 4, 2010 at 1:48 PM

Maybe they should try prohibitively high tariffs on raw materials and finished good imports?

Inanemergencydial on August 4, 2010 at 1:49 PM

How about fishing and drilling in the Golf Of Mexico?

seven on August 4, 2010 at 1:49 PM

MassVictim on August 4, 2010 at 1:43 PM

One trick ponies unicorns…

ladyingray on August 4, 2010 at 1:50 PM

When all you own is a hammer …

They’ve got a sickle, too.

amerpundit on August 4, 2010 at 1:41 PM

Indeed.

…by engineering a renaissance in American manufacturing.

The government “engineered” whole sectors of the economy in the soviet Union. That’s not how to do it.

forest on August 4, 2010 at 1:50 PM

So this is their big plan to double exports over 5 years — increase taxes. Hmmm, I see

A pack of dodo morons in charge. Does that help any?

GnuBreed on August 4, 2010 at 1:50 PM

“Many of the ideas being promoted by Democrats to stop the slide are hardly new. House Republican Whip Eric Cantor (Va.) called the strategy “more meaningless than harmful” after voting for one Democratic proposal, a resolution to encourage packers of domestic fruits and vegetables to display the American flag on their labels.”

I’ve got to slam Cantor here. Congress is/has passed a resolution like that and he voted for it? Can’t they ever just keep their noses out of private business activities?

Not to mention that consumers rarely see the packing crates and packaging of fruits and vegetables, unless you want them to add another flag sticky to oranges, apples, etc.

Nothing like approving a resolution urging busineses to add costs when businesses should be trying to do all they can to keep prices low for people who can’t as well afford what they could before.

Idiot and idiots.

Dusty on August 4, 2010 at 1:51 PM

These fools have no idea how reality works. And neither do the people who continue to elect them.

paul1149 on August 4, 2010 at 1:52 PM

They’ve got a sickle, too.

[amerpundit on August 4, 2010 at 1:41 PM]

+100

Dusty on August 4, 2010 at 1:52 PM

This is genius. Maybe PBHO could offer manufacturers $8,000 cash for every new employee they hire too, that would dig us out of this mess.

I swear, I believe my two youngest kids could come up with a better plan than the fools in this administration. Why, because they have had more executive experience than PBHO and Biden put together.

Bishop on August 4, 2010 at 1:53 PM

Meanwhile in China, a new factory is being built to manufacture iPads and iPods. Does Jobs know his taxes are going up?

Skandia Recluse on August 4, 2010 at 1:54 PM

It’s nothing more than a bread-and-circuses act with a high price of admission, and one that will eventually leave Americans shoveling after the Democrats leave the big tent.

send in the clowns…

cmsinaz on August 4, 2010 at 1:56 PM

As an investor, I HOPE that every corporation in which I own stock will elect to CHANGE its domicile to somewhere with reasonable tax laws — and far away from the thieves in DC.

cthulhu on August 4, 2010 at 1:56 PM

Even the Post is unimpressed:

when you’ve lost wapo…

cmsinaz on August 4, 2010 at 1:58 PM

It feels like we’re living in a satirical dystopian novel, courtesy of “the reality-based” community.

obladioblada on August 4, 2010 at 2:01 PM

Well, building bridges and roads hasn’t exactly started a boom economy more than 16 months after passing Porkulus.

Sign shops across the nation have benefited greatly from that stimulus thank you very much!!

ButterflyDragon on August 4, 2010 at 2:01 PM

They should just put massive tariffs on all imports. In fact, they should collect all taxes from imports and quit taxing Americans. The American workers would be the beneficiary of the inflation that would follow.

Buddahpundit on August 4, 2010 at 2:01 PM

The stories are legion about how in the name of ’stimulus’ they’re tearing up a road not a year old to make it again.

Dark-Star on August 4, 2010 at 1:38 PM

At least it’s better exercise than leaning on your shovel in the WPA. So Øbama has improved somewhat on the FDR plan.

Kafir on August 4, 2010 at 2:02 PM

When all you own is a hammer …

They’ve got a sickle, too.

amerpundit on August 4, 2010

Grand slam.
Service ace.
Hole in one.
Nothing but net.

Extrafishy on August 4, 2010 at 2:02 PM

Dude… I got a SCREW driver.

upinak on August 4, 2010 at 2:02 PM

Buddahpundit on August 4, 2010 at 2:01 PM

In a sane world, we could do that. Unfortunately we’ve made ourselves so dependent on foreign imports that the tariffs needed to totally relieve taxes on Americans would cripple our own economy.

Dark-Star on August 4, 2010 at 2:03 PM

so far focuses primarily on raising taxes on multinational corporations that Democrats accuse of shipping jobs overseas.

 
Hooray! Because there are still some employers left in the United States that will look at the tax penalty for “shipping jobs overseas” and decide which (combined with and in light of fewer environmental, healthcare, and/or employment regulations) offers cheaper operational costs for the long haul.
 
$5 says I can guess which is cheaper, btw.

rogerb on August 4, 2010 at 2:04 PM

I guess the unions are in need of money again to boost their retirement funds!
L

letget on August 4, 2010 at 2:06 PM

NO CLUE!!!!

rjoco1 on August 4, 2010 at 2:09 PM

When all you own is a hammer…

Smash the ever livin’ #$%@ out of everything and then blame it on Bush.

infidel4life on August 4, 2010 at 2:10 PM

U can’t touch this
Don’t turn around, uh-oh.
Der kommisar’s in town, uh-oh

faraway on August 4, 2010 at 2:10 PM

The better idea is to increase the tax on all companies, except those that are in manufactureing.

Oh, wait, that would be like a tax credit for Manufacturing. That would never work.

barnone on August 4, 2010 at 2:10 PM

It’s the freedom that does the job …

tarpon on August 4, 2010 at 2:13 PM

Unfortunately we’ve made ourselves so dependent on foreign imports that the tariffs needed to totally relieve taxes on Americans would cripple our own economy.

Dark-Star on August 4, 2010 at 2:03 PM

We aren’t “dependent” on foreign labor derived products anymore than we were “dependent” on slave labor 200 years ago. You are confusing wants with needs.

Buddahpundit on August 4, 2010 at 2:17 PM

Would union members make a lot more money if their unions weren’t paying so much to their leaders and paying so much to support Democratic politicians?

Union dues seem like a colossal waste of money.

BuckeyeSam on August 4, 2010 at 2:19 PM

NO CLUE!!!!

rjoco1 on August 4, 2010 at 2:09 PM

Economic illiteracy is the foundation of Modern Liberalism. They don’t understand the fundamentals of basic economics (or are rigid ideologues).

I’ve come to the conclusion that this is why the average Lib voter is obsessed with race, class, etc. They don’t understand economics, so they don’t understand how societies function as a direct result of policy. So all they can fall back on to try to understand the world is superficialities like skin color, etc.

The realities of concepts such as “everyone has a right to own a home” and “everyone has a right to healthcare” are devastating, especially to our most vulnerable citizens. But Leftists just don’t get it, because they’re economic illiterates.

visions on August 4, 2010 at 2:21 PM

Obama and the Democrats better brace for a backlash if they’re serious about taxing U.S. based multinational corporations. If they’re stupid enough to try this, U.S.-based multinationals will move more jobs and corporate headquarters overseas in order to reduce their U.S. tax exposure. Halliburton moved from Dallas to Dubai. Companies like Microsoft, Ford and GE will be next. And what about Obama’s own General Motors, which has 32,000 workers in China vs. 52,000 in the U.S? Do they qualify under this new taxation proposal?

I think the clearer motive for floating this tax proposal is to firm up the support of the Democrat’s own union base. Nevertheless, this is another stupid Democrat idea that’s going to put another nail in their coffin come November.

http://seattletimes.nwsource.com/html/microsoft/2009298130_ballmertaxes04.html

http://www.marketwatch.com/story/halliburtons-dubai-move-a-negative-for-the-dollar

16MPG on August 4, 2010 at 2:24 PM

only Porkulus at least had some tax credits in it.

Tax credits are just give-aways/wealth transfers using the tax system — they might as well be more spending.
It’s tax rate cuts, marginal reductions on the taxes payed on the next dollar earned, that spur economic activity.

Count to 10 on August 4, 2010 at 2:26 PM

We aren’t “dependent” on foreign labor derived products anymore than we were “dependent” on slave labor 200 years ago. You are confusing wants with needs.

Buddahpundit on August 4, 2010 at 2:17 PM

Newsflash: it is all the ‘wants’ that drives the economy. Scratch those and thousands of people, from clerks to truckers to senior managers, will be out of a job.

And if you think the majority of the population will go cold turkey without one hell of a fuss…

Look – I don’t like the situation any more than you. But like the South, we’re far too committed to change overnight without major catastrophe. That includes the likely possibility of another armed conflict, in which case the ENTIRE NATION will be torn asunder. Do you even get that? There will not be a ‘north’ or ‘south’! There will not be a single state that will unaffected!

Do you honestly think we can just walk away from it all?

Dark-Star on August 4, 2010 at 2:26 PM

They will also need to add a provision in the bill that will prevent companies from going all Halliburton and moving the corporation overseas.

Something along the lines of seizing all the assets of the traitorous companies. Or maybe hold their families hostage. Yeah, hostages, that would do it.

iurockhead on August 4, 2010 at 2:27 PM

They’ve got a sickle, too.

amerpundit on August 4, 2010 at 1:41 PM

POW!

fossten on August 4, 2010 at 2:27 PM

They should just put massive tariffs on all imports. In fact, they should collect all taxes from imports and quit taxing Americans. The American workers would be the beneficiary of the inflation that would follow.

Buddahpundit on August 4, 2010 at 2:01 PM

In a sane world, we could do that. Unfortunately we’ve made ourselves so dependent on foreign imports that the tariffs needed to totally relieve taxes on Americans would cripple our own economy.

Dark-Star on August 4, 2010 at 2:03 PM

You really don’t have any idea how insane that is, do you?
A very large chunk of our productivity comes from trade. We aren’t “dependent” on it like its some kind of drug– it is the basis of our prosperity, our bread and butter. Tariffs only exist because they have been historically easy to collect: they have a major drag effect on overall production, which is why, if you are building a civilization, you want to switch to an income tax as soon as possible.

Count to 10 on August 4, 2010 at 2:32 PM

actually the title of the piece should be “Dem plan to boost union manufacturing: raise taxes”

RonK on August 4, 2010 at 2:42 PM

I got it…

Since dearest ‘Papa government’ can now force us to buy health insurance, what’s the problem mandating that we, the ‘free and the brave’, buy only products “made in America”?

THAT will boost manufacturing here, right?
That will keep those pesky businesses hiring here, right in the USA, right?

Problem solved, no?

marybel on August 4, 2010 at 2:43 PM

Choice: Stark
Act: Dark
crescenty moon is shining down park ave
Hope: Gone
All wrong
the sound of towers breakin’ us in half
Act Two: It’s true,
Dialog:”We’ll use a hammer too!”
My cue: unions
building by the light of the crescenty moon.

WashingtonsWake on August 4, 2010 at 2:45 PM

marybel on August 4, 2010 at 2:43 PM

You know the worst part?

It’s already too late even for such a measure. We’ve destroyed that much of our manufacturing base.

What businesses haven’t deserted US workers for foreign peasants in the name of profit will soon have to leave in order to survive, or at least stop losing money if a multinational corporation.

It would take decades to start reviving the lost American industries, let alone find a solution for our addiction to cheap (and sometimes poisoned) Asian goods.

Dark-Star on August 4, 2010 at 2:49 PM

By the light, of the crestenty moon,
I better swoon,
as my money is strewn, my wallet’s hewn.
a big balloon note’s due in June.
Your crescenty beams will bring Mohamed’s dreams,
We’ll be worshipin’ soon,
By the crescenty moon.

WashingtonsWake on August 4, 2010 at 2:50 PM

If those currently in charge are allowed to raise government revenue via taxes, they will not use it to lower the deficit. They will spend it. Their special interest constituents have a near infinite demand for more special interest spending so they will only stop spending when no one will lend them money any more.

KW64 on August 4, 2010 at 2:53 PM

You know the worst part?

It’s already too late even for such a measure. We’ve destroyed that much of our manufacturing base.

What businesses haven’t deserted US workers for foreign peasants in the name of profit will soon have to leave in order to survive, or at least stop losing money if a multinational corporation.

It would take decades to start reviving the lost American industries, let alone find a solution for our addiction to cheap (and sometimes poisoned) Asian goods.

Dark-Star on August 4, 2010 at 2:49 PM

Not really. Repeal the minimum wage and the Wagner act, and it will all come flooding back in.

Count to 10 on August 4, 2010 at 2:59 PM

Not really. Repeal the minimum wage and the Wagner act, and it will all come flooding back in.

Count to 10 on August 4, 2010 at 2:59 PM

It would take a lot more than that, and repealing min-wage laws is NOT a freaking cure-all, corporatist propaganda aside.

Dark-Star on August 4, 2010 at 3:08 PM

It would take a lot more than that, and repealing min-wage laws is NOT a freaking cure-all, corporatist propaganda aside.

Dark-Star on August 4, 2010 at 3:08 PM

Okay, there are also some crazy ‘environmental’ rules that are a problem, but the security of rule of law and property rights in the US is probably worth those (not to mention the reasonable environmental restrictions).

Count to 10 on August 4, 2010 at 3:11 PM

… — such as investing in clean energy, roads, bridges and broadband service — …

Clinton built a bridge to Nowhere.

Zero’s bridge leads to Hell.

Maquis on August 4, 2010 at 3:11 PM

Okay, there are also some crazy ‘environmental’ rules that are a problem, but the security of rule of law and property rights in the US is probably worth those (not to mention the reasonable environmental restrictions).

Count to 10 on August 4, 2010 at 3:11 PM

I agree. If we could just reverse the insanity of the last 3 years, the guaranteed stability and equity of law would be a HUGE start on the road to recovery.

Dark-Star on August 4, 2010 at 3:15 PM

I agree. If we could just reverse the insanity of the last 3 years, the guaranteed stability and equity of law would be a HUGE start on the road to recovery.

Dark-Star on August 4, 2010 at 3:15 PM

“Last 3 years”?
This isn’t something that suddenly happened in the last session of congress. The groundwork has been building for decades. Manufacturing is going overseas because we refuse (via government) to let is happen here.

Count to 10 on August 4, 2010 at 3:31 PM

“Last 3 years”?
This isn’t something that suddenly happened in the last session of congress. The groundwork has been building for decades. Manufacturing is going overseas because we refuse (via government) to let is happen here.

Count to 10 on August 4, 2010 at 3:31 PM

Yes, very true, I was just referring to the insanity caused by the most recent Democratic Congress and the Obama administration. Things go way farther back than that, but the Bush years are looking like boom years for crying out loud!

Dark-Star on August 4, 2010 at 3:35 PM

as long as we tax commercial property at a higher rate, force workers to be paid at supposed ‘living wages’ and tax raw materials coming in, then re-tax product going on, etc etc, manufacturing isn’t going to be done in this country. It also doesn’t help that our manual labor force has withered away to almost nothing.

WashingtonsWake on August 4, 2010 at 3:42 PM

How about Obama hammers GM after they just announced this:

http://www.americanthinker.com/blog/2010/08/gm_announces_major_investment.html

Investing in building cars in Mexico. Gosh, I love bailing them out and getting smacked on the head in return.

journeyintothewhirlwind on August 4, 2010 at 3:56 PM

Original story is from the WSJ.

journeyintothewhirlwind on August 4, 2010 at 3:58 PM

We can’t ‘reverse’ a loss of manufacturing with a tweak here and there. Obamacare, Cap and Trade, EFCA, massive tax increases, government interference in the bond market, salaries, and bonuses, our crappy K-12 education system, and ever-more onerous anti-industrial environmental policies are like a guillotine over the head of manufacturing.

It’s like when you change cable companies for a better price. If your old company calls you and says they will match the new company’s price, do you do it? Of course not, why would you? Having lost you, they now have to beat the new price by an amount significant enough for you to put up with the change. It’s the same way when you build a manufacturing plant in another country. The best we can hope for is to attract new industries in the future.

slickwillie2001 on August 4, 2010 at 4:09 PM

I actually agree with trying to rebuild manufacturing. The problem is that the Dems can’t help going all Jimmy Carter on it – instead of REMOVING obstacles to success and getting the private sector going – they want to cook up some dog’s breakfast of subsidies, union payola and central planning. Remember how successful Jimmy Carter was in creating an alternative energy sector by using Washington money? Me neither.

johnboy on August 4, 2010 at 4:16 PM

Isn’t having the largest sector being the service sector such a wonderful thing? And when you can ship services, like call centers and receipts processing and customer service via phone overseas… well… you can thank our lovely Congress for making those jobs unaffordable in the US. Now if you want to get income you need to produce something to sell to other people: services only hit around the edges, manufacturing actually gets you things to service. As it is we are now servicing a lot of stuff made overseas where the call centers are overseas and the US jobs are in the pure middle man area of wholesale and retail.

And the internet is about disintermediation so you can get rid of the intermediaries: the wholesalers and retailers.

It is now getting cheap enough for individuals to order directly from Chinese distributors and bypass all the intermediaries. ATM it is only in low end electronics, some sporting goods and other areas where bulk shipment isn’t needed. No matter how crappy the working conditions are in China, and they are horrific, if you put a spiffy, low cost, distribution center for direct shipment at the tail end you then undercut the middle-men and their price hikes. The next age of retailing is not the Wal-Mart age, but the direct ship age… and if you thought that stores at malls were having problems with the first wave of the internet, just wait for wave number two.

Now if only we had some manufacturing to compete… too bad we priced ourselves out of that and decided that wants were above needs, and our need for a manufacturing sector should be meeting some of our wants for high tech toys at low cost. I don’t bemoan the rust belt, even growing up in it during the worst years of it which was still worse than this current recession… the ill-founded idea we could out-source so much, however, has undercut our economy and left little room for low end competition and the skills to keep that part of the economy going.

We cannot survive, as a nation, with a majority of it as the service sector running our economy. That barely works for the Swiss and they have actual manufacturing to help back up their financial services area… that doesn’t scale up to something the size of, oh, France not to speak of the US. Get the government out of taxing our manufacturing sector, and kill all the subsidies that distort the market across the board. The minimum wage keeps people from working and puts in an artificial floor that makes us uncompetative at the low end. That is where our lunch is getting eaten as we shift to ‘services’. This insanity, started at the beginning of last century, must end…

ajacksonian on August 4, 2010 at 4:40 PM

journeyintothewhirlwind on August 4, 2010 at 3:56 PM

The whole world is open for a lunchbox conservative like Hannity to run for POTUS.

I think I know where he can find a million dollars for openers.

IlikedAUH2O on August 4, 2010 at 4:55 PM

We have more oil locked in shale than the entire Mid East has in the ground. Enough to make us totally energy independent. Enough (when you count hundreds of ancillary industries that will spring up as a result) to hire every laid off manufacturing worker. But OOOOPS

1 Most of the shale is on government land and we don’t want to disturb birds and gophers, do we?
(But even if that hurdle is miraculously cleared)
2 Shale oil needs coal for heating. Better to keep miners and factory workers unemployed than to sully the air with coal dust.Costs to meet EPA standards would bankrupt most companies.
3 Even if that were allowed, the Dems would insist on $75 an hour union labor which would make the whole plan die stillborn.
4 But even if EPA regulation costs and exorbitant union wages were overcome, there is still the stumbling block of Obamacare could cost more than the first two combined.
5 Did I forget to mention that, by default, a huge tax increase commences on Jan. 1?\

A warning label, similar to cigarette packages, should be stamped on the forehead of every Democrat.

WARNING: ELECTING THIS PERSON TO CONGRESS IS HAZARDOUS TO YOUR HEALTH, YOUR WEALTH AND YOUR FUTURE.
4

MaiDee on August 4, 2010 at 5:12 PM

Every time I see Barry, Pelosi or Reid; I immediately think of someone running 3 card Monte.

GarandFan on August 4, 2010 at 5:14 PM

Does this mean I can finally get funding for my ‘Why is the belly button in the front’ project?

Freddy on August 4, 2010 at 5:59 PM

and one that will eventually leave Americans shoveling after the Democrats leave the big tent.

And how many people thought the output of a donkey was going to be less than
an elephant?

chickasaw42 on August 4, 2010 at 6:14 PM

When all you own is a hammer …

… everything looks like a fail.

JohnGalt23 on August 4, 2010 at 6:40 PM

Government CANNOT MAKE JOBS. It can only kill them.

Dandapani on August 4, 2010 at 8:12 PM

the Dems never come up with any new ideas….it’s always more taxes and more nanny-state spending. You’d think that sometime over the past 50 yrs some bright young fella that leaned left would come up with something original.

search4truth on August 4, 2010 at 1:43 PM

His name was JFK and they shot him. :/

Theophile on August 4, 2010 at 8:32 PM

Does this mean that if we manufacture goods in the US for foreign-based corporations that we’ll get a tax break?

Didn’t think so.

mad scientist on August 4, 2010 at 10:11 PM