Obama says unemployment will keep ticking up

Agreed. Or schools that credits wouldn't transfer over to any other schooling or further education.

I would think that he would be much better off creating new jobs, via lowering the tax rate, especially the corporate tax rate, and reducing the time to depreciate capital goods. But, of course, Obama is all about growing government. It doesn't appear to matter to him that the tax base to fund government is shrinking almost daily.

Does Obama think money grows on trees? Are those the green shoots?

I agree about the problems with the astronomical spending of the current Administration. The good news is that only @ 6% of the money approved by Congress has been spent, mostly going to state governments. The bulk of the money isn't slated to be spent until 2010. There is still time to mitigate the damage, assuming enough pressure can be put on Congress.

He's trying to fund his slavery education agenda, more indoctrination by government. Two years of wasted young lives for a government curriculum. Pay to play. Obama is going to pay unemployment and scholarships to allow his followers to play.

I feel like this is a bad game of Monopoly. Well it will be soon because the dollar will be simply play money that is collapsed

I would think that he would be much better off creating new jobs, via lowering the tax rate, especially the corporate tax rate

You obviously know very little about business. Lowering the tax rate will not create jobs. A company hires only as many people as it takes to efficiently run that business. Just because the tax rate is lowered doesn't mean they are going to go out and spend that extra money on hiring employees they don't need. They are either going to apply that money to increase profit margins, or reinvest it.

BAloneyjunkie, businesses expand when their profits suggest an opportunity to do so. If the government, through taxation, sets the profit to nill, like is the Obamanomics plan, their will be no growth. If the government quits taking the hard earned profits, the business will have more capital and at least have a chance at growth and job expansion. Your statement makes no sense, and gives the impression you have no experience with business.

Bingo! Reinvestment creates growth......jobs.....increased tax revenues for the government. I'm not even talking about over the top Reaganomics or anything remotely close. Just common sense.

Profits are not the sole factor in business expansion. The state of the market, utility value, etc all play a role. Saying that the government is trying to turn private business into non profit orgs is disingenuous, in the least. You also assume that all profits will be reinvested, and that reinvestment will always be used to fund expansion. This is hardly ever the case. Especially when your shareholders are expecting a piece of that pie.

As for my business experience, I'm currently with a $4 Billion company that employs over 26,000 and provides business and IT solutions to nearly every major company you'll ever think of, as well as providing for the Federal and State governments. So, you can take whatever you think you know and shove it up your ass.

Saying that the government is trying to turn private business into non profit orgs is disingenuous, in the least.

A business makes profit and is successful. A government takes away the profit, and the business becomes unsuccessful. You might be with a $4 billion a year company, but you obviously don't run it or you'd be a $4 company or you'd be writing us from China. Did your $4 billion company start up as a $4 billion company, or did it grow to that?

So, you can take whatever you think you know and shove it up your ass.

I might tell you the same, but yours is fully occupied by your head and a gerbil, and is where your Marxist business model belongs.

Re-investment occurs before profit is calculated. No business pays taxes with reinvestment money.

ABD3, I and my partner own our business. We pay personal income tax on the profits every year. If we then want to invest the money we made and saved and paid taxes on back into the business, we will have paid full income taxes on the profits before reinvestment. We also paid full income taxes on the money we used to start the business. If income taxes rise, our profits fall and our reinvestment capital falls. So it is patently untrue that we don't pay taxes with reinvestment money. We are a small business and it is what small businesses suffer with rising personal income tax rates -- stagnation and payroll shedding. Our main man Obama is killing small business and it isn't out of ignorance, it is with full knowledge maliciousness.

we will have paid full income taxes on the profits before reinvestment.

...and whose fault is this? I also have owned my own business the past 25 years. I always figured it was a no brainer to reinvest proir to the end of the fiscal year to AVOID paying taxes on a business expense. I stand corrected.

I like to take some money home to buy food and clothes for my family, and some reinvestments just exceed what I can muster up beyond that in one tax year. I am happy at your success in earning so much that you can fund reinvestments year upon year with cash.

herecomedajudge-
Own my own business too...I save money each month during the year, and then spend on majors right before fiscal year end....click on this link and scroll down to "carryback" too...

http://www.dexbusiness.com/2009/04/the-economic-stimulus-bill-and-small-business/

Thanks Lisa. I'll talk to our accountant to see how this might us. We try to run all cash, no loans (my partner is Muslim), so carrying capital over year to year in the business still gets taxed as income. Of course, we are able to purchase sustaining needs, during the year but expansion layouts, like a new building at a new location is problematic.

Obama says unemployment will keep ticking up

This after he said things were getting better and turning around. This is Obama's "Mission Complete" statement equivalent to what Bush did. Foot in mouth. Obama just totally amazes us with his Captain Obvious remarks. How many of you didn't know unemployment was ticking up?? Any of you? Thanks for telling us something every American knows. Now show us how this stimulus porkulus money is going to bring jobs. I haven't seen any and I'm unemployed like most my friends on the last 5 weeks of my extension. Then I'm going to literally SOL.

True. I've been laid of since November. Most my other friends that are laid off are lucky unlike me and have college degrees. They still can't find a job. They have BA's.. are are working at other jobs that pay average and thats totally not even the field they wanted to be. We need to address the job problem first... then work on the college / education.

just my,

Think for a sec! use a little common sense. Are you ready? O.K. now i'm going to show you a couple of excerpts from the article you should have just read!

President Barack Obama is proposing a multibillion-dollar investment in the nation's community colleges, a $12 billion effort to help the two-year institutions reach, teach and train more people for "the jobs of the future."

Obama speaks of expanded education and job training as a way to help workers compete for jobs such as those expected in the clean energy industry, when the economy turns around and begins to create jobs again instead of shedding them.

"In an economy where jobs requiring at least an associate's degree are projected to grow twice as fast as jobs requiring no college experience, it's never been more essential to continue education and training after high school,"

O.K. See a pattern? He's referring to the future!

I feel he should create the jobs first and then the funds of education for said jobs.

That's a little backwards don't you think? Having the jobs and no one trained to do them makes sense to you? That's like bringing a sick person to my house, and then sending me to Medical School!

If the experience of other countries with the Green nonsense is any guide, I wouldn't be holding my breath about new jobs.... Spain, big into Green, reportedly loses two jobs for every Green job created..... at a cost of $ 800K / job. Roughly the same with Denmark....

Perhaps we are much smarter than the Spanish and Danes and can make it work, but I would not want to put money on it.

George, it looks like you are putting money ($12 billion) on it whether you want to or not. Same for the rest of us, too.

Sounds like a bunch of "trade schools" to me.

George,

That's not true, and has been addressed.

http://mediamatters.org/research/200906290042

They have BA's

Well, maybe they should have gotten a B.S., or at least something remotely challenging. I mean, what kind of job do you expect to get with a B.A. in basket weaving?

All the schooling in the world can't help some people, especially Obama democrats.

All the schooling in the world can't help some people, especially Obama democrats

Wow! this comment really adds a lot to the conversation! [sarcasm]

Just my opinion - His speeches are pretty, you post says it all, there an abundance of well-educated unemployed people right now trying to make their mortages, facing foreclosure.

I have a question- What Jobs?? He hasn't stimulated the economy in that direction yet. I feel he should create the jobs first and then the funds of education for said jobs. What good is a lot of educated people out of work going to do?

Obama Fan-

Think for a sec! use a little common sense. Are you ready? O.K. now i'm going to show you a couple of excerpts from the article you should have just read!

You talk about having common sense, apparently you are so blinded by the man's star status that you lost all of your common sense. Oh and I only responded to you the same way you responded to me. I will give a respectful comment in return when one is given to me.

Create the damn jobs first! You don't put the cart in front of the horse!

It is pure stupidity to spend more tax dollars on training people when there aren't any jobs yet. There are plenty of talented, smart and well educated (not to mention expensively educated) people out of work, who could handle these supposed "jobs" with very little on the job training I am sure.

Simplistic,

Sorry to hear you've been laid off. Happened to me a few times, last was in the 80s. Didn't like it. Was grateful for the UE, tho, and I did put that time to good use re-educating myself for a better field. That was the key for me. I also studied capital markets and in particular the US market. That's possibly the biggest key in the US. You can become quite well-off if you learn effective investing.

It is hard to find jobs when they continue to be out-sourced. This problem has been sneaking up for the last 30 plus years. Microsoft continues to do this despite your children who have graduated with Computer Sciences degrees. According to Microsoft they cannot find any one with those qualifications here in the United States. All Companies it comes back to the almighty dollar and because they will work for cheaper is why jobs keep leaving. This will continue the downward spiral to lower our quality of life. That is why the Illegal Immigrant is another touchie subject. They will do jobs that most Americans I know think they are too good to do.

Simplistic

You are absolutely correct all the training in the world is not going to matter if there are no jobs.

tired,

I understand that you don't realize it, but the key word in your statement is "if". You and other defeatists believe that things will only get worse. However, history says they will get better. The Great Depression ended, the 70's recessions ended as did those in the 80s, 90s and 00. This one will also end and those who are prepared will prosper. Those who don't will end up at the bottom. That's OK. There need to be people at the bottom and it might as well be the defeatists. BTW, functionally it's already ended for me - I avoided most of the market carnage and am now back in profit. But then I believed the gov't would move forcefully and that it would stabilize the economy so I bet in the market on that. If ya wanna win big, you need to take a position. I took one and it was the right one.

jdl-28 You said it. This spending has got to come to a halt.

I read the headlines: Obama wants billions for schools, billions for healthcare, billions for Africa, billions for global poverty. Everyday there's something. Reminds me of my kids when they were preteens and thought money grew on trees or fell out of the sky. Or came from the bank where there was an unlimited supply all we had to do was go to the cash machine. The president's going to have to grow up and learn fiscal responsibility. There may not be an end to his desires, but there is definately an end to the money.

Spending money on education does not guarantee a job upon graduation. It just increases the money going into these institutions who market themselves. A college gives preferences to students with lower grades and/or test scores and discriminates against higher achievers despite the fact that we are all Americans our government promotes cultural divides based on ethnic background. I thought it was United We Stand, Divided We Fall..... Some colleges even give preference to students from other States or countries because they get to charge them more than those who live in their State. Greed isn't just on Wall Street it is in the American culture.

Also in the US culture is the egotistical idea that we should be all things to all people so lobbyists work Congress to increase H1-B visas and then the companies save money and graduated students in this country are without the jobs.

Our government promotes rewarding people who chose to come here illegally, knowingly broke our laws and disrespected our country. Corporations want them and the Obama Administration does too. Why was E-verify not required in the stimulus bill? Maybe then someone legally here trying to feed their family could get a job. Nancy Pelosi says immigration enforcement is Un-American. She even praise the law breakers demanding benefits and said they were true patriots!

Someone called themself the perfect affirmative action baby and said there are cultural biases built into testing. Won't that be forever true if ethnic cultures are all catered to? Then there's the interpretation of different languages that will probably increase those biases when wording is compared for meaning. The tension a judge spoke of between the melting pot and the salad bowl is a strange comparision to me. Their strange comparision was the idea the US should have one culture as opposed to multiple identies existing together. I'm sorry judge but this country has always had multiple cultures and people taught and maintained their customs in their homes. Yet they we willing to give back to the country and UNITE (melt) to recognize that we are all Americans and deserve equal respect and know the best way to achieve that is to be able to communicate in one language.  

Pelosi is from San Francisco, people who tend to have their own view on things. And reportedly 60% of the people in SF are not American citizens.

Nah... California having tons of illegal aliens?! Say it isn't so! lol.

Accountable-All we will have is more well-educated folks standing in line at the unemployment office with all the other well-educated older generation follks.

Spending money on education does not guarantee a job upon graduation. It just increases the money going into these institutions who market themselves.

Simplicity Reality- Ca, along with Texas, and Arizona

Nah... California having tons of illegal aliens?! Say it isn't so! lol.

jdl-28, Exactly it doesn't make sense.

lvh - you have nothing to apologize for. Nobody wants to be taken for a sucker.

I expect Obama to come out any day and say we are going to restribute the wealth to everyone on earth and give everyone on earth free healthcare.

Peeoui1- He did already talk about redistrubuting the wealth to Joe the Plumber.

Should we start now flying the chinese flag instead of the American flag? I agree fix the drain before pouring more water into the basin.

Stick the American taxpayers for another few hundred billion a year? So the children of illegal immigrants get first priority in handing out grants, scholarships and the like? So our American sons, daughters, grandsons and granddaughters can graduate from colleges and helplessly watch the jobs going to H1b immigrant holders (willing to work at half the wages Americans need)?

Al right, I agree there's too much spending going on. Also, I think that community colleges are not where we should spend $$$... maybe grants for dedicated students that go to college. Frankly I don't want my money to go to a mediocre C+ student so he can learn how to type. But I have to ask, why are we always blaming illegal immigrants for everything?. As far as I know, you don't get scholarships if you are an illegal immigrant (please, correct me if I'm wrong). As for the jobs, you have to be kidding right???

Let's be realistic. Society puts a pecuniary value to the work people do, that is, you can not expect to make as much as a doctor makes if you are a computer technician, right?. Also, there is supply and demand. For example, let's say I want someone to fix my deck and John Smith charges $25/hour, but then comes Pablo Gonzalez who charges $15/hour. Guess who gets hired???. That's what moves this economy, and John should know it. Is not John who decides how much his skills are worth to me, it's me. If you can't compete get out of the way, improve your skills and come back. I have no sympathy on someone who thinks he is entitled. If Johns Smith had gone to college when he was 18, and applied to those fabulous Pell Grants that Pablo can't get, instead of spending the money he earned at the gas station on chicks and bars with a riding bull, he would probably be dressed in a suit and have his own office. Maybe he would also be able to afford Pablo. Let's raise our own standards. When I was a student I never thought "oh goody, 40 people got D & F in my class and I got a B" instead I thought how come I wasn't one of those three A's ??

I know I'm generalizing, but so is everybody else.

YPR,

John Smith, charges $25/hr so that he can pay for his license and insurance that the government has said is required to protect you (the consumer) and John (the contractor). After paying for his license, insurance, taxes etc, which has gone up considerably in the last 5 years, he is lucky to have made $5/hr. Pablo, on the other hand, doesn't have a license or insurance. Pablo works for cash only, no license, no insurance, no taxes etc. If someone falls thru your deck, that Pablo just built for you, you are the one responsible and you have no one to go to.

YPR,

I failed to mention that John Smith had to go to school in order to take the licensing test after working under a licensed contractor for a few years in an apprentiship program.

Not all John Smith's are cut out to wear a suit and tie and sit in an office somewhere. They would rather be the doers not the talkers.

YPR, you ask, '....why are we always blaming illegal immigrants for everything?. As far as I know, you don't get scholarships if you are an illegal immigrant (please, correct me if I'm wrong).' Sorry to say, in some states you are wrong. Also the May 2009 FAIR (Federation for American Immigration Reform) Immigration Report, the DREAM Act, was reintroduced in both houses of Congress in March. Sen Durbin of Illinois and Rep. Berman of California, both Democrats is selling it as a measure to help the 'innocent children of illegal aliens' who want to be able to pursue a college education and the right to remain in the country where they grew up. Per FAIR, reality is is would grant amnesty to any illegal alien under 35 and because of family sponsorship provisions in our immigration system it's pave the way for remaining family members to gain legal status, too. The DREAM Act would also permit states to provide in-state college tuition subsidies for those who benefit from the amnesty.

This act, (1) rewards parents through their children for breaking out laws and encourages more to do it and expect reward (2) Absolves parents of responsibility for the consequences their illegal behavior has on their children (3) punishes citizen students and legal residents by denying them opportunities at public universities and needed tuition subsidies (4) puts cost burdens on state universities already struggling.

I suggest you go to an get some realistic information.

As for your jobs comment I think leonahardware was pretty thorough.

accountable? - I am aware of the DREAM Act, that is a proposal, meaning, is not active. Once is active, we'll talk. Oh by the way, I don't agree with subsidizing illegal conduct if that's what you think. But sometimes it looks like we are making excuses for ourselves by blaming others for our mediocrity.

leonahardware - I understand what you are saying, however, reality is what it is. People need to keep reality in mind when planning for their future. Our government provides enough means to succeed (scholarships, student loans, government internships etc.) and you choose. Also, people should learn how to make sacrifices. There is plenty of careers to choose from, if you don't like what one offers or the obstacles you are going to face, then choose another one. If you are good at what you are doing, chances are you'll make it. If not, well, survival of the fittest.

Regarding licensing and insurance - Again lets see what the reality is. The reality is that someone's expenses or what he went trough are not my problem. Just as it is not his problem my expenses or what I had to go through. The guy is going to get what he knows he can get for the job. He knew he had to pay license, insurance etc...well, why didn't he chose something more profitable?. And by the way, it's funny how every time I hire someone to do work at my house they have a brigade of immigrants (don't know if they are legal). Since I only need the contractor to have a license and insurance it doesn't affect me as long as it reduces my costs. That's just another reality John will have to deal with.

What future! You are talking about the future of this country??? What future does this country have if we don't invest in the future of this country? Your comment is a total contradiction! You are worried about the future of this country, but in the same sentence condemning the president for investing the future of this country! Unreal!

You have a very Wall Street attitude that to me implies that spending money is investing in the future. Problem is that there is a fine line between spending and giving away money for a future that doesn't guarantee a job for a degree earned. I know a lot of people with degrees who are not finding jobs and more who are losing them. Green technology sounds good but with unemployment at about 10% nationally and experts say probably closer to 14 or 15% when you allow for all the people who have given up finding work or are working part time jobs because that is all they can get not because it's what they want.

If you are so concerned about the future of this country then what gains will there be when people who go to those colleges start requesting their instructors, written material and books be supplied in their native tongue? After all, how many languages do we teach in schools now?

'Obama speaks of expanded education and job training as a way to help workers compete for jobs such as those expected in the clean energy industry, when the economy turns around and begins to create jobs again instead of shedding them.' Key word, 'expected' implies a projection. This Administration 'misread' the state of the economy and passed a stimulus that we were told would keep the unemployment rate around 8%, now it's pushing 10, so Obama-Fan, I voted for him too but he is throwing money at problems and not recognizing that they in turn will create more problems.

He will spend all of it if he stays in office too long. It will be a liberals wet dream. Government funded everything! Get ready for the bread lines.........

Now I get it. If you put the unemployed in school then the amount of the unemployed goes down and we must have created jobs because the numbers prove it.

Whether in school or not, they are unemployed!!! Please tell me this was not a serious comment!

OBAMA-FAN,

When they count the unemployed, they are counting those that are collecting employment insurance. If a person is enrolled in school they are not counted as they are not eligible for unemployment benefits. The same goes for the underemployed. They have a degree, but are working at a fast food restaraunt for lack of employment in their area of expertise. Technically they are employed so they don't get counted either.

I think he is correct to an extent. Full time students are not counted as part of the work force, to my knowledge. If that is true, then they would not be figured into the unemployment rate, regardless of their job status.

FINALLY!!!! A sensible comment! THANK YOU!!!

I especially like this:

I'll have to look at this more.

many who comment on the Vine do no research at all! It's refreshing to see someone say that their will do so before rendering a more concrete opinion. Kudos!

Thank you Obama-Fan. Another thing that needs to be looked at more...

Just breaking... Obama Eligibility Case to Be Heard By Federal Court. Holy Cow!

9sling,

I've read the article, but it's nothing new. There have been cases that were thrown out before the hearing and cases thrown out after a hearing. This is just another hearing that will be thrown out.

dolly,

I get that people are afraid and frustrated. I suspect most posting here have never lived thru anything like this. As I posted above, I been there, done that, got the tee-shirt. You have a choice. You can either throw up your hands and scream about how unfair it is or you can take action. I chose the latter course. When my wife and I got married in the early 80s, we were both unemployed. We survived by scrimping on UE with occassional part-time jobs. In the mean time we both re-trained ourselves on our own dime (and lemme tell ya, the dimes were scarce). In all of that, we never lost faith in ourselves or our abilities. We made it, and today are quite well-off because of our decisions. This recession will end, as all others have. You can prepared yourself or you can scream and cry. Some will make it, some won't. That's how it is. Your move. Good luck.