What creates jobs?
Found this video on youtube..so I wanted to get your perspective. Do tax cuts really create jobs?
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Not sure, but my friend's mother gives them.
Guy is an idiot. He wants to try to compare the economy that Clinton inherited as the result of Regan/Bush tax policy that he chose to raise taxes on during one of the largest global economic expansions in history to NOW!!! What shape did Clinton leave the economy in relative to what was inherited? Was it peaking or was it on its way down... you think his tax policy had anything to do with the economic slow down? These guys think you announce a tax policy and tomorrow the economy has fully reacted... it takes months even years to realize the effect of certain monetary policies. Others, like stimulus, can have some instantaneous effects and other long term effects, not like this blowhard is likely to want you to believe.
The economy grows at a roughly consistent amount, decade after decade. Some politicians speed it up, others slow it down, but no one can rightfully claim full credit. What creates jobs is when people feel motivated to go out and put out the effort and someone makes it worth their while.
get rid of illegal immigrants. They are taking too much benefits.
I think the better question is "who" not "what". Ultimately it's the business owners/CEOs that provide (more) permanent growth to the economy by expanding their businesses and hiring more people. This, from my experience, will be done when they can run some fairly accurate analysis on the ROI of certain projects. Like the fat guy said, there is no certainty to life, but that doesn't mean people should just throw money into an idea that has no legs to stand on.
Business owners take calculated risks in an effort to maintain long-term, continual success. No business owner I've ever talked to (mostly small business owners, BTW) want to create positions and hire new people just to fire them in a couple months (seasonal employment notwithstanding). I recently met with a guy that owns/runs a few small businesses and I asked him point blank how everything is impacting his decision making. He said that he isn't sure what he will be able to do because there is just so much uncertainty surround taxes, healthcare costs, etc. One of his businesses used to have just shy of 400 employees, about 150 here in the US and the rest in Mexico. It was a manufacturing business that provided aftermarket parts to the automotive industry...so of course he felt the pinch over the last few years. Given the cost of doing business here in the US, he was forced to shutdown his whole entire manufacturing operation here in the US. Instantly 150 people out of work in the same town...plus the people that were let go because he wasn't shipping as many products out to retail locations, plus the people let go because he was buying half as much metal, the people who serviced the metal bending machines, the people that cleaned the offices, etc., etc.
So, the business has come back a bit and is doing better but it's still tough. He has hired back people in the US, but apparently it's through some sort of staffing agency, so he pays more per person, per hour, but by his calculations it is likely far less than what he would have to should Obamacare not get repealed/found unconstitutional.
He was telling me about this new project that he wanted to get involved in, manufacturing certain parts for the "green" energy sector, but he isn't sure if he should take on the risk of buying the machines, etc. needed to get the line up and running. At this point he is holding off because he doesn't want to shell hundreds of thousands of dollars of his own money as long as there is so much uncertainty.
Regards
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