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TUESDAY, NOVEMBER 24, 2009

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analysis

Book Tour Shows Palin
Hitting a Nerve

'Going Rogue' phenomenon may foreshadow something bigger

Nov 22, 09 2:46 PM CST
Matt Taibbi

Palin: Our First WWE Politician

Pick an asshole, any asshole, and she'll rock the house

Nov 22, 09 10:44 AM CST
ROLLICKING RHODE ISLAND

Zip It on
Communion
Ban: Bishop
to Kennedy

Tobin thinks Patrick's spiritual matters should be left private

Nov 23, 09 1:21 PM CST
Once-Profitable Services
Are Killing Local Budgets

Utilities, transport, even gambling, are now $3.5B drains

Nov 23, 09 11:52 AM CST
DAVID FRUM

Pundits Lie, Numbers Don't:
Women Despise Palin

Frum: So stop telling us how popular she is with 'the people'

Nov 23, 09 9:26 PM CST
Debt-Happy US Faces Payback Time as Rates Rise

Cost of debt to skyrocket $500B in next 10 years

Nov 23, 09 7:29 AM CST
First State Dinner to
Reveal Obama A-Listers

Mad scramble for invitations

Nov 23, 09 1:42 AM CST
Ethics Panel Charges Sanford With 37 Violations

Civil committee slams SC gov for travel expenses

Nov 23, 09 2:25 PM CST
the big plan

Beck Will Host Conventions
to Educate America

He's shifting toward political organizer, plans big DC rally

Nov 21, 09 5:06 PM CST
editorial

NYT to Blankfein:
Your 'Apology'
Is Bull

Editorial board schools Goldman CEO in true meaning of 'sorry'

Nov 22, 09 4:53 PM CST
Jim DeMint Becomes Hill's Top Tea Partier

South Carolina senator throws weight behind conservative insurgents

Nov 23, 09 7:47 AM CST
Congress' New
Whipping Boy:
The Fed

Bernanke & Co. run into populist ire over Wall St bailouts, unemployment

Nov 23, 09 8:54 AM CST
Palin Pulls in Big Bucks
—for Democrats

'Going Rogue' boosts Dem fundraising to new high

Nov 21, 09 6:50 AM CST

|NEXT STORY »

Obama Mulls Tax Cuts, Spending to Goose Economy

Grim jobs outlook spurs talks on new stimulus measures

By Rob Quinn| Posted Oct 6, 09 5:52 AM CDT|

(Newser) – The Obama administration is examining new ways to boost the economy amid troubling unemployment statistics. The White House and Democratic leaders in Congress are considering strategies that include new transportation spending and an extension of tax credits for first-time homebuyers and small businesses struggling with operating losses. A proposal to offer employers $3,000 for every new hire has also been revived.

"The economic team is certainly looking at any way that we can create more jobs," said White House Press Secretary Robert Gibbs. He stressed that the options on the table don't represent a new stimulus package, but an extension of the existing $787 billion stimulus package. Moves to prevent job losses are being paired with efforts to help those who have already lost their jobs by extending safety net programs, reports the New York Times.

[Images (3)]

[Quotes (1)]

Unemployed worker Davilla Garcia waits for work at the Day Worker Center of Mountain View, in Mountain View, Calif. The unemployment rate rose to 9.8 percent in September, the highest since June 1983. (AP Photo/Paul Sakuma)

Brochures aimed at people looking for jobs are displayed at a career center at the Brooklyn Public Library. (Getty Images)

An unemployed worker waits for work at the Day Worker Center of Mountain View, in Mountain View, Calif. (AP Photo/Paul Sakuma)

« Prev« Prev | Next »Next » Slideshow

We’re thinking through all additional potential strategies for accelerating job creation. - David Axelrod,
senior advisor to President Obama

« Prev« Prev | Next »Next » Slideshow

11.23.09

Books Are Bad for You

11.20.09

The Health-Care Wars Have Just Begun

19 comments

VIEWING:

riffran
Oct 6, 09 4:02 AM CDT

mein gott en himmel...tax cuts? Reply

-2

IN RESPONSE:

Timinator2K
Oct 6, 09 7:50 AM CDT

This comment has been removed by Newser’s community. You must be logged in to view this comment.

-6

IN RESPONSE:

Unaffiliated
Oct 6, 09 8:59 AM CDT

@Timmy, Now he's joining your team? I thought you were sure he was a liberal fascist bent on destroying America through socialism. Could it be that he's really the moderate Democrat that appealed to a majority of Americans in the election?

IN RESPONSE:

Shannonals
Oct 6, 09 6:28 PM CDT

Whydid someone give riffran a thumbs down on his comment about tax cuts?

| 0 minutes ago

Thinker
Oct 6, 09 7:17 AM CDT

Please, for the sake of all that's holy, will you please raise taxes on the rich SOBs!??? Reply

IN RESPONSE:

Timinator2K
Oct 6, 09 7:57 AM CDT

This comment has been removed by Newser’s community. You must be logged in to view this comment.

-3

IN RESPONSE:

DJM420
Oct 6, 09 9:08 AM CDT

as if 'rich' people directly hire. and do you consider off-shore banks as a way to preserve MOST of their earned wealth smart?, i call it cheating . and this? "HELP MAKE MORE PEOPLE RICH/WAY-BETTER-OFF, LIKE YOURSELF, AND THEN WE ALL CAN KICK IN A FAIRER SHARE" >>wow, fairer share? sounds like socialism to me. egads!

IN RESPONSE:

Reader64481089
Oct 6, 09 9:57 AM CDT

Timi, here is a news flash that you know but will not admit to. Capitalism has FAILED world wide, not Democracy but Capitalism as they are two separate things entirely. The Rich need to carry a fair share, they will never hire someone because they pay less tax, this has been proven time and again. Oh they may open a small factory on a fraction of what is saved but it is a token move and done only for show. They, the rich take the money and move it off shore to protect it and yes that also has been proven. Small business, the individual who has a skill they can use to provide a service is what it will take to put the country back on its feet. Each of us have talents and skills and each of us will survive using those same skills, so don't hold your breath for some rich clown to come save America, if that were going to happen Buffet, and several others including Gates would already have done so but they elected instead to invest heavily in China and China's money instead of the American Dollar. Wake up Tim while you still may have time

IN RESPONSE:

polytricks
Oct 6, 09 1:12 PM CDT

@Reader - You're angry and making generalizations. Capitalism hasn't failed...in fact, whatever remaining pieces of capitalism we have left is the main reason you're even able to post on this forum (i.e. computer, Internet, Newser). I encourage you to remove the bad taste in your mouth when you think of "capitalism" and think rationally. Many of the companies you might blame for capitalism's "failure" have only done so with the help of cullusion with government.

IN RESPONSE:

polytricks
Oct 6, 09 1:13 PM CDT

@Thinker - Do you not want to be rich?

IN RESPONSE:

Snarfeh
Oct 6, 09 9:09 PM CDT

Yo, dumbass.....we *already* exist to serve only as a target for legal robbery. We're being robbed, not only of our money, but of our very lives, by the insurance industry. That's just one example.

IN RESPONSE:

gspirit7373
Nov 4, 09 6:55 PM CST

Yea, that right tax the rich into a huge hole...we hate rich people, we hate the people that spend the most to stimulate the economy and what happens when the rich people, leave...let me tell you what happens YOU get taxed.

| 0 minutes ago

Derni
Oct 6, 09 7:22 AM CDT

The conservatives and top5-10% will love this even if it puts our country in more debt-not saying it isn't needed but they'll love it-as them to sign on for health care and you'll give tax cuts-like it really matters anymore-it's just monopoly money anyway Reply

| 0 minutes ago

divetrader
Oct 6, 09 7:32 AM CDT

If you are unemployed and the government gives you a tax cut, how much are you saving??? You want to do something for the economy Mr President? Forgive all mortgages and student loans. Screw the banks. I don't have a loan of any sort, but this is the step he should take to help people. Reply

| 0 minutes ago

Berzelius
Oct 6, 09 8:44 AM CDT

I don't know why conservatives are always bashing O. I mean the guy is basically a watered down republican. Reply

| 0 minutes ago

schmidtkoff
Oct 6, 09 9:52 AM CDT

consumption tax. plain and simple.dump the complex us tax code. and how many billionaires do we have in the us? try keeping jobs in the us. what's wrong with a little protectionism? Reply

IN RESPONSE:

polytricks
Oct 6, 09 1:18 PM CDT

I think protectionism doesn't work. As consumers, we're pretty far into achieving "perfect information" with the Internet. That means, for examples, if a company in China can make better tires than US companies and sell them at cheaper prices, then why shouldn't we, as free individuals, be able to purchase them? Historically, protectionism works only on a small scale (i.e. Ronald Reagan helping out Harley Davidson by limited Japanese motorcycles coming in the US) and for a very small amount of time...but it also encourages inefficiency. We're seeing that in the automobile industry today.

| 0 minutes ago

Unaffiliated
Oct 6, 09 11:45 AM CDT

Man, people are flag-happy today. I don't see anything offensive or out of line in Timinator's posts. Don't agree with him most of the time, but I don't see why he was flagged. Flagging posts for no good reason is also abuse. Reply

| 0 minutes ago

HawkWatcher
Oct 8, 09 12:42 AM CDT

Let's say my boss hires 3 more machinists, collects 9 grand, and our small shop produces 25% more tooling. Great, that's three people off of the unemployment list, and 9 or 10 months of med insurance for one employee is paid for with the new hire tax credit. But strained consumers are not buying the end products, so our vendees don't need the tooling used to produce the end products. So the tooling sits unsold on the shop floor, and layoffs must soon occur. Money, value, and jobs are lost. If this makes no sense to you, you are a normal, thoughtful American. If you believe this is a good proposal and helps the economy, you are not thinking clearly. The government can't create jobs, and they can't make people buy stuff. Ironically, Washington admonishes us of late for our greed as consumers. And what does transportation and home-buying have to do with preventing layoffs or helping small businesses that are losing money? Obama is not a very thoughtful president in this case. Reply

| 0 minutes ago

View all 19 comments »

employment • recession • unemployment • US economy • economic stimulus package • Obama administration

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Obama Mulls Tax Cuts, Spending to Goose Economy