“Now we Democrats have to admit that we are floundering."

By
Real Estate Agent with Retired

We have pulled all the rabbits out of the hat, and there are no more rabbits. . . . We are a confused, bewildered group of people, and we are not delivering the goods.” Congressman Maury Maverick, D-Texas.

If you look into today's congress, you won't find Maury. He was an ardent FDR supporter and a proponent of the New Deal. And one to recognize, along with FDR's good buddy Morgenthau that all that spending wasn't working.

In September Presdident Obama will announce his latest "jobs plan" (how many more jobs will be lost by then?). Of course, will it really be a plan or another "we cannot score a speech" moment. But I fully expect proposals for more federal spending. After all the 2009 stimulus worked so well.

Expected parts of the plan include more infrastructure spending, above the $322 billion included in the original stimulus plan and tax cuts. Of course where will those tax cuts go? Much of the tax cuts included in the stimulus package were allocated to "green businesses" and look how well that is working. even the New York Times recognizes that this program has failed miserably.  SolFocus, a Silicon Valley "green company" stimulus funds recipient, produces solar panels, in China. Over 50% of the wind turbine parts subsidized by the stimulus package were made in China. Evergreen Solar, recipient of $100's of millions of government subsidies closed its American plant, eliminating 800 jobs, and moved operations to China. It is now filing for bankruptcy in the U.S.

Will this new "plan" include something different? Probably not. But there is one thing that can help kill two birds with one job stone. And, it won't cost taxpayers any money. Open up more areas, both on shore and offshore, for oil and natural gas exploration and drilling. In fact, it will generate the "revenues" that this administration wants to raise taxes on the evil rich in order to obtain (another myth). It will generate revenues in several ways: revenues from leases, revenues from permits, and, increased income tax revenues from the 1000's of jobs that will directly be created plus the thousands more that will be indirectly created.

Now that would be a real jobs bill. It won't cost the taxpayers anything. I could not only end the pending double dip but also drive real GDP up.

And, it will also result in one other big benefit for the economy. It will effectively reduce consumer prices, for fuel, and all things directly impacted by fuel costs, including food.

But I am not holding my breath.

Comments (22)

Mike Saunders
Retired - Athens, GA

Eric - I will not argue that the republicans contributed to this massive debt. But at least they are trying to move away from it.

John - I doubt it will change any minds though

 

Aug 19, 2011 09:47 AM
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

Drill HERE Drill NOW!  I Love this bumper sticker - I saw it recently and found it on CafePress website

Your Wallet Bumper Sticker

Aug 19, 2011 10:18 AM
Charlie Ragonesi
AllMountainRealty.com - Big Canoe, GA
Homes - Big Canoe, Jasper, North Georgia Pros

Hi Mike have not seens your posts ijn a while. Hope to run into you at FMLS show maybe.

Aug 19, 2011 10:43 AM
Mike Saunders
Retired - Athens, GA

Wallace - great sticker

Charlie - been doing some grand kid immersion on the west coast, stayed out of the rain (strangely it didn't rain the whole time I was in the Seattle & Portland areas.) Won't be at the FMLS show, we don't have that here.

Aug 19, 2011 11:02 AM
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

I want to scream every time he says "create jobs".  We know what he means.

Massive taxation, hiring more bureaucrats to administer massive handouts to union employers to hire union workers and government administrators. 

The won't "create" one single job but they will "invent" some "make work" for the unions.

Aug 19, 2011 11:22 AM
Mike Saunders
Retired - Athens, GA

Lenn - gotta love  that Davis-Bacon Act. If there is ever a solid republican majority in the house and senate, as well as having the presidency (and I am not really too sure about one party having all the control, it hasn't done too well in almost 9 of the last 11 years) abolishing that act is the first thing that should be done. Taxpayers should not be subsidizing artificially high labor charges.

Aug 19, 2011 01:44 PM
Broker Nick
South Florida Real Estate & Development, Inc. - Coconut Creek, FL
Broker Nick Relocation Broker Service

Congratulations - This post is now featured in Silent Majority Group of Active Rain!

Aug 19, 2011 02:38 PM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Mike

I would like to put Americans back to work in the USA working for American companies. Is that to much to ask?

Good luck and success.

Lou Ludwig

Aug 19, 2011 04:42 PM
Mike Saunders
Retired - Athens, GA

Nick - thanks

Lou - that would be something, wouldn't it?

 

Aug 19, 2011 05:20 PM
Broker Nick
South Florida Real Estate & Development, Inc. - Coconut Creek, FL
Broker Nick Relocation Broker Service

Raising taxes upon Americans who make $250,000 or more is the only solution to this President - no other solutions to the joblessness of this administration has been issued for over 2 and a half years. We all wait with baited breath when the President gets back from vacation to unveil his new jobs creation plan. For almost three years he hasn't given America any jobs plan - now we are to understand that the President "gets it" now - America wants jobs - and this administration has given us neither jobs nor assurance that things are going to get better anytime soon. Just bad luck I suppose - or thats what Obama is making excuses for his lack of producing anything but Obamacare and higher unemployment. That is his record - but blame Republicans is his MO - Hopefully, Americans see through this by now.

Aug 20, 2011 05:54 AM
Mike Saunders
Retired - Athens, GA

Nick - from what I understand Obama will basically be resurrecting failed policies from the FDR "New Deal" as well as feeble policies of continuing the payroll tax break (but only on the first $20,000 of income while raising the ceiling by $20,000), by giving a $2500 tax credit for new jobs created, like someone is going to hire a person for $10,000 or $20,000 or $100,000 just to receive a $2500 credit, etc.

Aug 20, 2011 08:01 AM
Broker Nick
South Florida Real Estate & Development, Inc. - Coconut Creek, FL
Broker Nick Relocation Broker Service

Mike - Well said my brother, very well said - thanks for the update, I needed to hear that today!

Aug 20, 2011 01:43 PM
Mike Saunders
Retired - Athens, GA

Nick - I wish we would here something else from this guy, something that won't cost taxpayers a cent.

Aug 20, 2011 02:11 PM
Jay Markanich
Jay Markanich Real Estate Inspections, LLC - Bristow, VA
Home Inspector - servicing all Northern Virginia

It was working great, and actually brought us totally, totally I say, back to economic life...  until the Arab spring, tsunami/earthquake and Europe's follies.

Get ready, that will be the spin.  And they will try that one until 2 days before the election when suddenly, suddenly I say, the voting polls will turn around and a major landslide will be in the offing.  What, you don't remember Carter/Reagan?

Aug 20, 2011 11:15 PM
Mike Saunders
Retired - Athens, GA

Jay - it will be blame anything and everything because that BIOB thing is wearing thin. Of course, they will not admit their own incompetence and total lack of qualifications for handling this.

Aug 21, 2011 04:58 AM
Steve Hoffacker
Steve Hoffacker LLC - West Palm Beach, FL
Certified Aging In Place Specialist-Instructor

Mike,

Absolutely drill here, drill now, drill often. Nothing else should be on the table until everyone who wants a job is on a platform someplace. :)

Steve

Aug 23, 2011 03:23 AM
Steve Hoffacker
Steve Hoffacker LLC - West Palm Beach, FL
Certified Aging In Place Specialist-Instructor

Mike,

Congratulations. This post is now featured in "Celebrating Free Enterprise." :)

Steve

Aug 24, 2011 04:47 PM
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

Irene has created more jobs in her aftermath than he can create before the end of the his ONLY term

 

Aug 29, 2011 12:31 AM
Mike Saunders
Retired - Athens, GA

Steve - agreed and thansk

Wallace - Irene really didn't create any jobs, just redirected where efforts and money would go. Its money and productivity going to replace something existing rather than growing the economy.

Aug 30, 2011 05:37 AM
Sidney Kutchuk - Realty Works Temecula Kutchuk - Realty Works Temecula
Realty Works Temecula - Temecula, CA
Realty Works Temecula

It will be more of the same, stated in a different way, nothing will change.

Sep 03, 2011 02:26 PM