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-Election 2012
Obama Promises Tax Incentives for Job Creation
2012-01-15
[An Nahar] U.S. President Barack Obama
They get bitter, they cling to guns or religion or antipathy to people who aren't like them...
promised Saturday new tax incentives for companies that create jobs in the United States -- and punishment for those who export them overseas.
I've been listening pretty attentively and I've yet to hear anyone, Publican or Sinner, utter the words "reindustrialization of the U.S.A." To me there's a big difference between fiddlin' the tax code and actually making things and selling them.
In his weekly radio and Internet address, the president said that in the next few weeks, he will "put forward new tax proposals that reward companies that choose to do the right thing by bringing jobs home and investing in America - and eliminate tax breaks for companies that move jobs overseas."
I refinished a nice dresser a couple weeks ago. I put new knobs on it, nice porcelain things. As I went to put them on I noticed they were made in China. I can't for the life of me figure why we can't build a factory in this country that's automated enough to compete with China to manufacture porcelain knobs. Or wooden. Or brass. Or plastic. We talk a lot more about innovation than we actually innovate.
He did not elaborate.
He didn't have to elaborate. He's going to manufacture a few more hundred pages of legislation rather than encourage anybody to build anything they're not already building.
The comments came after Obama held a White House summit with business leaders this week to discuss ways of bringing outsourced American jobs back home while growing the U.S. economy. The business figures at the event included senior executives from Ford, DuPont, Otis Elevator Company, Intel, Siemens USA and Rolls Royce North America.
That's because the Dems think in terms of workers in cloth hats with lunch buckets going to plants owned by big companies. They don't think in terms of a dozen people working at a brass foundry turning out door knockers or something like that. Nor do they think in terms of restarting something as unglamorous as a paper box company -- I know of two of them, both abandoned, one with its windows closed up with concrete block to keep the street lice out. When did the demand for cardboard boxes evaporate? Are we using up existing stock?
The president said he had pledged these business leaders his firm support if they continue on the path of job creation. "I'll make sure you've got a government that does everything in its power to help you succeed," he said.
That's because they're already in existence and in a position to make campaign contributions. Potential businesses are only potential contributors. And the Greenies who already contribute won't like seeing nasty new manufactories to despoil a pristine environment.
The president also showcased his plan to merge six U.S. trade and commerce agencies in an effort to cut red tape for businesses and end government overlap. "These changes will make it easier for small business owners to get the loans and support they need to sell their products around the world," Obama said.
I'm not even going to turn red in the face and holler about the ladies who used to sing "Look for the Union Label" until they priced the entire garment industry into oblivion.
Posted by:Fred

#10  500 people just laid off at a power plant because EPA wants it closed because its coal. Keeps opening the border for the hoards of extremely cheap, undocumented cheap labor to pour in. Killed the pipeline project, gulf drilling, fraqing, signed into law thousands of business reguLations and wants to send 500,000 troops to the unemployment line after sending the Hummer plants to China. And now this bs. The biggest dumbass for president in the history of mankind.
Posted by: Snease Hupuper4845   2012-01-15 22:38  

#9  Bingo, grom.
Posted by: Barbara   2012-01-15 15:22  

#8  Translation: found another way to pass $$$ to his pals.
Posted by: g(r)omgoru   2012-01-15 15:17  

#7  excessive expectation of material standard of living by the workforce Some of the recent spike in workforce standard of living was financed by them either taking on debts they couldn't repay or by politicians giving away work/retirement bennies (mostly to public unions) that could not be paid for in years to come.
What can't go on forever, won't.
Posted by: Anguper Hupomosing9418   2012-01-15 13:51  

#6   The US has legitimate environmental and human rights [worker safety laws] issues all its industries must operate and comply with. Chinese industries do not. Tariffs may be necessary to redress that imbalance.
Posted by: Anguper Hupomosing9418   2012-01-15 13:48  

#5  The monstrous overhand of bad debts is one element which has sucked the life out of the US economy. Another element is high energy costs. Re-industrialization requires investment, and the money for that has been dedicated or is tied up. This is one aspect of Taibbi's "Vampire Squid" metaphor.
Clear the bad debts, get rid of the financial institutions that are TBTF, and there might be something left to invest in re-industrialization.
One thing the US is quite capable of making, and that is cheaper energy (think nukes, cooking down coal, and not so much drilling for more petro fuels). The NIMBYists and the lawfare specialists must be suppressed before that can happen.
Politicians are far better at destroying jobs and domestic industrial capacity than they have ever been at creating them. That goes for the GOP as well as the Democrats. Of course there will be no serious discussion of this in the 2012 campaign, just negative crap ads.
Posted by: Anguper Hupomosing9418   2012-01-15 13:44  

#4  -If a factory is "sufficiently automated", to use your term, doesn't that mean there aren't a whole lot of jobs there?

I'm talking about reindustrializing, not (specifically) job creation. "Job creation" often ends up as "shovel-ready projects" involving public works with the accompanying expenditure of public funds in the form of contracts to campaign contributors.

Reindustrialization has to involve making things and selling them. If a factory is sufficiently automated to compete with the Chinese there are second-level economic benefits connected with it: somebody's got to do the programming, somebody's got to make the robots, somebody's got to sell the product, somebody's got to deliver it to market. All those represent jobs.

"If you build things they will come," to misquote a silly movie.
Posted by: Fred   2012-01-15 12:40  

#3  When did the demand for cardboard boxes evaporate?

Who is building anything to put into those boxes?
Posted by: Formerly Dan   2012-01-15 12:38  

#2  At what point do we address the underlying systemic problem of excessive expectation of material standard of living by the workforce?

Define "excessive expectation".
Posted by: Pappy   2012-01-15 12:11  

#1  Good inline commentary, Fred.

Coupla points, though.

-If a factory is "sufficiently automated", to use your term, doesn't that mean there aren't a whole lot of jobs there?

-At what point do we address the underlying systemic problem of excessive expectation of material standard of living by the workforce? Is the Great Recession the means of doing this? IMO, it isn't, at least so far.

Extra points to you for pointing out the fact that politicians don't really care about businesses succeeding other than to parasitize them for campaign contributions and to use them as a funding source for their rent-seeking regulatory henchmen.

Extra extra points for introducing me to the term "street lice" which will now become part of my lexicon.
Posted by: no mo uro   2012-01-15 08:15  

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