The Jobless Recovery[Businessman Steve Wynn: Priorities Should Have Been Focused On Job Creation]

Businessman Steve Wynn, Chairman and CEO of Wynn Resorts, agreed the most powerful tool the government has is its tax policy.

"The priorities of the administration should have been more directly focused on job creation from the day of the inauguration forward. That's the thing that changes America," Wynn said.

"If the government had used its power to restrain its tax collection, they would have given everybody who runs small businesses, large businesses, a chance to hire more people," he added.

Wynn claimed, "Government has never increased the standard of living of one single human being in civilization's history."

Republican Gov. Mitch Daniels of Indiana, pointed to his experience of erasing the deficit and creating jobs without raising taxes.

"We're in the middle of the biggest road-building, infrastructure- building, project in state history. We did it without a penny of taxes or borrowing," Daniels told FOX News Sunday.

Top economist Mark Zandi claims the stimulus is working because of the benefits and tax cuts provided to individuals and businesses.

"Of the $787 billion stimulus package, $300 billion of that was tax cuts to individuals and to businesses, Cash for Clunkers, tax credits for home purchases," Zandi said. "Almost every state governor would say that they've been helped by the stimulus quite significantly. They'd be cutting even more aggressively if not for that."

Zandi, who helped Congressional Democrats write the first stimulus, alluded to a possible second stimulus, but favors extending specific aspects of the current plan.

"I think the housing market could also use some more help through an extension of the first-time home buyer tax credit into next year to try to keep this recent stability in housing values permanent," Zandi suggested.

Gov. Granholm Takes Washington Post for Ride on “Jobs”
Numbers

By Mr. James M. Hohman | 10/6/2009 8:00 PM

In a profile that appeared in today’s Washington Post, Gov. Jennifer Granholm misused data on her targeted business tax break and subsidy programs, the administration’s primary response to a Michigan economy that has lost 632,600 payroll jobs since Gov. Granholm’s inauguration back in 2003.

The Post writes, “Since taking office in 2003, Granholm has created 163,300 positions, her office says,” a likely reference to jobs directly attributable to business “incentive” programs. In reality, for the Michigan Economic Growth Authority, the state’s flagship corporate welfare program, the actual number is more like 7,755 since this governor took office.

The article does not explain how Gov. Granholm came up with the larger figure, but it most likely comes from MEGA’s “direct jobs” estimates. However, those figures are problematic for a number of reasons.

First, they include job “retention” projects that grant firms discriminatory tax preferences just for not eliminating jobs.

http://tinyurl.com/ykyge8c

Mackinac Center for Public Policy

Rush Limbaugh

Michigan Governor Granholm and the Chickification of Job Loss

Fear not! She’ll “create” 40,000 jobs (by 2020).

October 6, 2009

She can’t “create” a single job. Jennifer Granholm can’t even do hers very well! The template of this reporter is “Oh, the government! They’re our saviors. “The Democrats have now learned, it’s easier to just expand benefits than to prevent layoffs and create new jobs; and Jennifer Granholm, oh, the jobs are disappearing just so “much faster than she can create them”! She’s a ditz! Pelosi is a ditz. Obama is a menace and a danger.

“Since taking office in 2003, Granholm has created 163,300 positions...” It’s just an out-and-out lie. Government does not “create” jobs unless they hire people to work in government, and that’s not what these jobs are. And anyway, the 163,000 “positions” that she claims she’s created is a number provided by her office. “She expects that a recent infusion of more than $1 billion from the Obama administration aimed at nurturing car battery and electric-vehicle projects will generate 40,000 more positions by 2020.” Big whoop! It’s 2009. We ought to be creating 40,000 jobs a freaking day in this country! Given that there’s 9.8% unemployment, 40,000 new jobs a day ought to be being created right now and it could be done with the Limbaugh stimulus plan. (sigh) Forty thousand jobs by 2020 in the green sector, batteries and garbage for electric cars!

“In the past decade, however, as the auto industry has grown smaller, Michigan has lost 870,000 jobs — about 632,000 of them during Granholm’s tenure.” Notice Michigan has “lost” the jobs, she hasn’t. She has “created” 163,000 jobs, but Michigan has “lost” 632,000 during her tenure. And that number, by the way, is “is expected to reach 1 million by late next year, the end of her term.” So, in 15 months, we’re going to lose another 370,000 jobs, but Jennifer Granholm assures us that she’s going to create 40,000 new jobs in another 11 years. In 12, 14 months we’re going to lose 370,000, but fear not, folks! Forty thousand brand-new jobs in the green sector are going to be created by...2020. “In her effort to attract employers, the governor has taken up the latest arms in the economic arsenal — tax credits, loans, Super Bowl tickets and a willingness to travel as far as Japan for a weekend to try to persuade an auto parts company to bring more jobs to Michigan.

“She has won solar and wind energy, electric car batteries, and movie production jobs. About 10,800 of the new positions came from overseas companies, according to her office, the fruits of visits to seven countries. ‘We have great bones as a state,’ she says. ‘We know how to build stuff. We will build on that strength and diversify this economy. We will lead the nation in creating jobs in renewable energy. We’re not going to be viewed as Luddites.’” Forty thousand jobs in this stupid green sector in 11 years. And that’s going to be the leader, meaning no other state will come anywhere near 40,000 jobs in 11 years — and this stupid, worthless hoax-of-a-filled green sector! It’s all a freaking hoax, green jobs, windmills, electric cars, solar, it’s all a bag manure! 40,000 jobs in 11 years is going to lead the nation? Good God! Are we ever screwed! And this is after getting a billion dollars from that dunce Obama to help ignite the economy — and I’m only on the first page of this story! And I gotta take a break. And I need to take a break to calm down to get through the rest of this garbage.

http://tinyurl.com/yg4rz6w

2) extension of unemployment benefits - payback to welfare cheats to continue sitting around on their lazy posteriors

While I agree with your post in general, you insult many laid off FReepers with this one. They paid into unemployment for decades and were hit with the Obama economy in the form of a pink slip. Savings only goes so far. Unemployment is not much, and one hates to receive it, but it helps to feed the kids.

But let's put it this way: if Steve Wynn were President, the good FReepers out of work today and trying hard would have gainful employ and not be costing you anything in benefits. And with G-d as my witness, this is what good laid off people wish: just to be back at work and not costing you anything.

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