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View Diary: “No End In Sight” (147 comments)

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  •  Obama (2+ / 0-)
    Recommended by:
    Fogiv, BMarshall

    put forward a Jobs plan long ago, he also had a reform for the tax code including cutting the Bush tax cuts. He also has asked and proposed new infrastructure expending and money for teachers, even asked to extend some of the fund the stimulus was giving to the states. May not be enough , may not be what you want but he has presented many proposals to a block all Congress.

    I'm tempted to HR your right wing meme of Obama has no plan at least Romney has something.

    •  Don't Need Reminder of First Act's Failures (4+ / 0-)

      Seriously, what is he planning to do in the future during his second term?  What is his plan?  Does he even have one?

      •  No one has a realistic plan (1+ / 0-)
        Recommended by:

        Look. We have just been through a burst bubble.  Look at Japan.  That is out next decade.   Unless we force banks to write off bad debts, reduce the debt load on consumers, tax the excess rent based wealth floating around idly and put it to use for investment, then we've got a long slow climb out.  Romneys "plan" includes $5 trillion in savings from cutting unicorn loopholes and deductions for pixie dust purchases.   Romney has no plan, he has sound bites

      •  As long as we leave it to the Tea Party (4+ / 0-)

        to choose our Congress and our state legislators and governors, there's not a whole heck of a lot Obama can do. There wasn't much he could do in the first place...all the positive steps he has taken to try to revive the economy have run up against a wall of conservative (including right-wing Dems) pushback. The American people have demanded that the President simultaneously create jobs and reduce the deficit, which is driving with one foot on the accelerator and one on the brake. Obama is not the problem...the problem is a country that worships business and despises democratic government.

        "All governments lie, but disaster lies in wait for countries whose officials smoke the same hashish they give out." --I.F. Stone

        by Alice in Florida on Fri Apr 27, 2012 at 09:59:47 PM PDT

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        •  there are a few pols with a plan (4+ / 0-)
          Recommended by:
          Rick Aucoin, TimmyB, divineorder, Justus

          there's the People's Budget, put forth last year to zero fanfare by the Progressive Caucus.
          There's every utterance of Sen Bernie Sanders, who I would love to see thrive in an environment less hostile than a corporate- controlled senate.
          There's a growing sense of what economic inequality means among a few more congresscritters, and among some of the challengers (like Warren).
          It's not all Obama. We have to push the right people, the right ideas, to create an environment where actual help for actual people becomes a priority, and not a problem, for politicians.

          Class war has consequences, and we are living them.

          by kamarvt on Sat Apr 28, 2012 at 04:12:43 AM PDT

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          •  Obama Ignores ''The Peoples' Budget'' (0+ / 0-)

            If Obama embraced Bernie's plan and make it his own, that would be great.  However Obama has embraced the GOP's Grand Bargain in the recent past and there is no reason to believe Obama won't enbrace austerity in the future.  

            In any event it is clear Obama has no plan going forward.

            •  How many votes does Bernie have? (1+ / 0-)
              Recommended by:
              The Angry Architect

              Sanders is a great guy but unfortunately he's still a lone voice at this point...I doubt if he has even a handful of supporters in the Senate, and no more than a few dozen in the House. Until more voters are willing to support "socialists" instead of letting the mainstream media and the Tea Party tell them what to think, the People's budget is DOA. If Bernie's budget had some support, I'm sure Obama would gladly sign on.

              Ultimately the problem is that those of us who support the fundamental ideology of the Occupy movement (i.e. government needs to stop redistributing wealth upward and start supporting the needs of the economic majority) are at most 10-20% of the population, and we have a problem communicating with that 50% or so that isn't in thrall to the right wing but doesn't trust or believe in us either.

              "All governments lie, but disaster lies in wait for countries whose officials smoke the same hashish they give out." --I.F. Stone

              by Alice in Florida on Sun Apr 29, 2012 at 08:47:18 AM PDT

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              •  True, sadly... (0+ / 0-)

                My heart soars whenever I hear Sanders speak.
                It astounds me that his no BS (ironic pun intentional) truth to power, populist message does not resonate more broadly. He is one of the few "genuine" voices in the US senate, and I wish there were more like him.

                The important and difficult job is never to find the right answers, it is to find the right question. For there are few things as useless–if not dangerous–as the right answer to the wrong question. -- P. Drucker

                by The Angry Architect on Sun Apr 29, 2012 at 04:19:33 PM PDT

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        •  So Obama Doesn't Have a Plan & the Tea Party is to (0+ / 0-)

          blame?  I don't buy your excuse.

          My question is quite simple:  What is Obama's economic plan for his second term?  Giving excuses for past failures does't answer the question.

    •  He proposed a tax plan back in February that (0+ / 0-)
      ""WASHINGTON -- President Barack Obama and Mitt Romney have begun a new form of competition: proposing corporate tax cut plans that they claim, wrongly, won't cost the Treasury a dime. Almost immediately after Obama unveiled his plan on Wednesday, one of the nation's leading tax policy experts threw cold water on the administration's claim that its tax overhaul could be implemented "without adding a dime to the deficit." A separate plan released Wednesday by Republican presidential contender Romney, the expert said, would almost certainly expand the deficit.

      The Treasury Department on Wednesday laid out a set of principles for rewriting the corporate tax code. The plan would increase the amount of money the government collects from companies by closing loopholes, but would lower the basic corporate tax rate from 35 to 28 percent. It would also require companies that stash money in offshore tax havens to pay a minimum amount in tax every year and provide a special tax break for manufacturing businesses. "

      I"n the past three years, 30 of the nation's largest corporations have paid zero federal income tax. Less than 10 percent of total U.S. tax revenue currently comes from businesses. For much of the 20th century, that number was closer to 30 percent. As a percentage of total American economic output, corporate tax collections are at historical lows.

      Overall, the tax cuts proposed by the Treasury Department would cost about $1.2 trillion during the next decade. The Obama administration outlined plans to narrow that deficit by $300 billion by closing certain business tax loopholes, but roughly $900 billion in other offsets was left unspecified."

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