DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - 'Where are all the jobs the tax cuts for 'the rich' are supposed to produce?'

**HwoRas1** · 05-07-2011, 04:51 AM

That's what you'll always hear Libs say. Well, looks like maybe they're starting to trickle out now that the Bush Tax Laws have been extended 2 years. However, if the Bush Tax Laws are allowed to expire, as Dear Leader has promised, the economy will contract yet again.

How can ya tell Bush Tax Laws are at work here? Look where the jobs were created---all in the private sector. More people working will mean more tax revenue for Dear Leader!

Of course, Our Dear Leader will get the credit here, but it should all go to Bush.

http://www.cnbc.com/id/42928731

Job Creation Much Better Than Expected; Rate Hits 9%

Published: Friday, 6 May 2011 | 10:37 AM ET

By: Reuters with CNBC.com

U.S. private employers shrugged off high energy prices to add jobs at the fastest pace in five years in April, pointing to underlying strength in the economy, even as the jobless rate rose to 9.0 percent.

Private sector hiring, including a big jump in the retail sector, boosted overall nonfarm payrolls by 244,000, the largest increase in 11 months, the Labor Department said Friday. Economists had expected a gain of only 186,000.

The private sector created 268,000 new jobs, the most since February 2006, while government payrolls shrank.

The data suggested the economic recovery would regain speed this quarter after stumbling in the first three months of the year, a view that had suffered setbacks earlier this week as other reports pointed to a slowing in the labor market.

"We're getting close to the point where we are seeingsustainable job growth. That creates income that generates spending and, hopefully, more jobs," said Gary Thayer, chief macro strategist at Wells Fargo Advisors in St. Louis, Missouri.

05-07-2011, 04:51 AM	#1
HwoRas1 Join Date Oct 2005 Posts 441 Senior Member	'Where are all the jobs the tax cuts for 'the rich' are supposed to produce?' That's what you'll always hear Libs say. Well, looks like maybe they're starting to trickle out now that the Bush Tax Laws have been extended 2 years. However, if the Bush Tax Laws are allowed to expire, as Dear Leader has promised, the economy will contract yet again. How can ya tell Bush Tax Laws are at work here? Look where the jobs were created---*all in the private sector. More people working will mean more tax revenue for Dear Leader! Of course, Our Dear Leader will get the credit here, but it should all go to Bush. http://www.cnbc.com/id/42928731 Job Creation Much Better Than Expected; Rate Hits 9%* Published: Friday, 6 May 2011 \| 10:37 AM ET By: Reuters with CNBC.com U.S. private employers shrugged off high energy prices to add jobs at the fastest pace in five years in April, pointing to underlying strength in the economy, even as the jobless rate rose to 9.0 percent. Private sector hiring, including a big jump in the retail sector, boosted overall nonfarm payrolls by 244,000, the largest increase in 11 months, the Labor Department said Friday. Economists had expected a gain of only 186,000. The private sector created 268,000 new jobs, the most since February 2006, while government payrolls shrank. The data suggested the economic recovery would regain speed this quarter after stumbling in the first three months of the year, a view that had suffered setbacks earlier this week as other reports pointed to a slowing in the labor market. "We're getting close to the point where we are seeingsustainable job growth. That creates income that generates spending and, hopefully, more jobs," said Gary Thayer, chief macro strategist at Wells Fargo Advisors in St. Louis, Missouri.
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