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HelicopterOff Topics News & Politics › Why Would Obama Veto Job Creation?
12-13-2011 03:15 PM  5 years agoPost 1
Dennis (RIP)

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Why Would Obama Veto Job Creation?

Mike Brownfield December 13, 2011

Today, the U.S. House of Representatives is set to vote on a bill that would, among other things, open the door for the creation of thousands of new jobs, prevent a tax hike on American workers, and help reduce the crippling deficit. However, President Barack Obama has promised that he would bring the legislation to a halt with a veto—all because of his opposition the single measure in the bill that would create jobs.

What’s so offensive that would cause the President to level a veto threat? A provision in H.R. 3630, the “Middle Class Tax Relief and Job Creation Act of 2011,” that would provide for the approval of the Keystone XL pipeline project that would bring oil from Canada. Heritage’s Nicolas Loris explains that it would mean “access to easy imports from our northern neighbor, the creation of thousands of jobs, and the generation of revenue for the states where the pipeline passes. Montana, South Dakota, Kansas, Oklahoma, Nebraska, and Texas are collectively projected to collect $5.2 billion in property tax revenue as a result of building the pipeline.”

The Keystone XL measure is just one piece of the bill introduced by Representative Dave Camp (R-MI), along with several cosponsors. Though not perfect, it includes some positive measures that could bring comfort to the millions of Americans who are struggling under the Obama economy and are looking for hope this holiday season. Camp said of the bill, “With its passage, Americans can be confident that these programs and provisions will be available next year, that they will not result in decades of debt and that they will be paid for with fiscally responsible reforms, not job-killing tax hikes.”

Heritage Vice President David S. Addington has analyzed the legislation and explains that it would:

Extend for a year the employee payroll tax reduction, which “prevents a tax hike, leaving more of the people’s hard-earned money in their own pockets, and therefore does not give rise to a budgetary need to ‘pay for’ money that is simply left where it originates”;
Extend the unemployment compensation program, but with appropriate reforms to help the unemployed find jobs and to begin to tailor the overall program to changes in the economy;
Extend for two years the forestalling of sudden automatic cuts in Medicare payments to physicians that would otherwise occur under the law (often called the “doc fix”);
Extend for a year the Temporary Assistance to Needy Families program, one of the 70 federal welfare programs in need of integrated reform;
Take some actions to reduce the increase in the federal deficit, with fees on Fannie Mae and Freddie Mac, additional means tests to Medicare, increasing the amount federal employees and Members of Congress must pay in to their retirement plans, and eliminating 2013 cost-of-living adjustments for federal employees and Members of Congress.

Last week, President Obama announced his intention to veto the bill when he warned, ”Any effort to try to tie Keystone to the payroll tax cut I will reject.” To be perfectly clear, the only part of this bill that will significantly create jobs is the only part President Obama is threatening to veto. And this at a time when 13.3 million Americans are out of work, the unemployment rate is hovering near 9 percent as it has throughout this Presidency, and job creation is at a record low.

President Obama does not appear interested in taking real action to put Americans back to work. In an interview with 60 Minutes, the President revealed to CBS’s Steve Kroft what he believes his role to be:

It is my job to put forward a vision of the country that benefits the vast majority of Americans. It is my job to make sure that my party is behind those initiatives, even if sometimes it’s breaking some china and going against some of the dogmas of our party in the past. We’ve done that on things like education reform. And it’s my job to rally the American people around that vision.

Americans, though, aren’t looking for a rally, and they’re not seeking out a vision—especially if it’s one where the economy continues its meandering path, job creation stays stagnant, and Washington keeps erecting walls to prosperity.

http://blog.heritage.org/2011/12/13...=Morning%2BBell

My Comments: Most importantly to me is the question of why the Obummer would veto a bill that would go some ways to making the USA energy independent from the middle east? I guess he does not want to see that.

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12-13-2011 05:06 PM  5 years agoPost 2
fla heli boy

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increasing the amount federal employees and Members of Congress must pay in to their retirement plans, and eliminating 2013 cost-of-living adjustments for federal employees and Members of Congress.

THAT is the reason so few Dems are jumping the aisle as well.
As far as Obama, well it's pretty clear as to why he'll veto this, and if we had a media that reported facts, this would kill him at the polls. Whoever is advising him needs their heads examined.

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12-13-2011 05:09 PM  5 years agoPost 3
Dennis (RIP)

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THAT is the reason so few Dems are jumping the aisle as well. As far as Obama, well it's pretty clear as to why he'll veto this, and if we had a media that reported facts, this would kill him at the polls. Whoever is advising him needs their heads examined.
His advisers are his czars.

Nuff said.

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12-13-2011 08:21 PM  5 years agoPost 4
es1co2bar3

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The millionaire republical is taking social life away while they and there family live like king and queen off the system,
why you never came back to my thread and finished, what you started,

The truth hurt' i bet cha!, ....uhhhhhh?

I was waiting on some honey but there aren't no Queen bee,

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12-13-2011 09:24 PM  5 years agoPost 5
fla heli boy

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ahem......actually a VERY large portion of the wealthiest people in this country and in this world are Liberals. They love their money just as much as Republicans, they're just very hypocritical about having it in the first place. A LOT of the wealthiest people in politics are Democrats. It's not hard to look it up.

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12-13-2011 10:57 PM  5 years agoPost 6
es1co2bar3

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ahem......actually a VERY large portion of the wealthiest people in this country and in this world are Liberals. They love their money just as much as Republicans, they're just very hypocritical about having it in the first place. A LOT of the wealthiest people in politics are Democrats. It's not hard to look it up.
If you are going to debate anyone on here and you are not going to tell the truth then what the point,?

I was waiting on some honey but there aren't no Queen bee,

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12-13-2011 11:53 PM  5 years agoPost 7
dilberteinstein

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es1co2bar3

If you are going to debate anyone on here and you are not going to tell the truth then what the point,?
Let me cloud the issue with a few facts:
Seven of the Top Ten Wealthiest Members of Congress Are Democrats

Yes America, there is a wealth gap. Seven of the top ten wealthiest members in Congress are Democrats.

The results are based on a new study released today by the non-partisan Center for Responsive Politics. The Center did an analysis of the financial statements filed by members of Congress for 2010 income and net worth.

This revelation of extreme wealth by Democratic politicians is completely contrary to the public image of the Democratic Party. President Obama has castigated “millionaires and billionaires,” suggesting they are evil people, largely Republican or conservative. The issue of the Democratic Party as the millionaire party has not yet made it into the mainstream media. But the facts are indisputable. Democratic members of Congress tend to be wealthier than their Republican counterparts.

According to the Center, 36 Senate Democrats and 30 Senate Republicans reported an average net worth in excess of $1 million in 2010. The median estimated net worth among members of the Senate Democrats was $2.58 million. Senate Republican median net worth was $2.43 million.

And, the wealthy Democrats tend to inherit their money. Republicans tend to earn it.

http://pjmedia.com/tatler/2011/11/1...singlepage=true

90% of life is "showing up"

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12-14-2011 12:05 AM  5 years agoPost 8
Dennis (RIP)

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If you are going to debate anyone on here and you are not going to tell the truth then what the point,?
His point is true if you would bother yourself to look it up my friend.

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12-14-2011 01:34 AM  5 years agoPost 9
es1co2bar3

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winnetka california

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His point is true if you would bother yourself to look it up my friend.
do you know any of these rich folk by name? or you going by what the liberal media tell ya?

I was waiting on some honey but there aren't no Queen bee,

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12-14-2011 01:56 AM  5 years agoPost 10
dilberteinstein

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es1co2bar3

do you know any of these rich folk by name? or you going by what the liberal media tell ya
Here you go:
Senators John Kerry (D-MA), Jay Rockefeller (D-WV) and House Minority Leader Nancy Pelosi (D-CA) all came by their fortunes through marriage or inheritance. Senator Kerry, who was born into wealth, has listed his net worth as high as $281 million, while his wife Teresa is estimated to be worth $1 billion. Ms. Heinz did not earn her wealth either. She inherited the money from her husband Senator John Heinz, who died in an airplane crash.

Senator Rockefeller, representing dirt poor West Virginia, inherited his fortune from his family. He is reported to be worth $136 million.

While the economy continued to tank in 2010, Rep. Pelosi reported her own wealth to grow by 62%. Pelosi’s husband, Paul, is a financier. They own a multi-million dollar vineyard and a number of million dollar homes. They have a net worth of $196 million.

Former Democrat Rep. Jane Harmon (D-CA), who in 2010 was listed as the third wealthiest member of Congress, was married to the late stereo magnate Sidney Harman of Harman-Karmen fame. Together they were worth $493 million.

Only Republican Rep. Michael McCaul (R-TX) married into major money. His net worth went from $12 million to $502 million in two years. The explanation? He married an heiress to the Clear Channel radio empire.

Among those who actually got their money by earning it, Republicans were in the slight majority. Rep. Darrell Issa (R-CA), a self-made millionaire earned his wealth by creating the Viper car security system. He is estimated to be worth more than $700 million. Sen. Jim Risch (R-Idaho) started as a rancher and attorney. His wealth is cited as $88 million.

Rep. Vernon Buchanan (R-FL), one of only three Republicans to make the top ten earned his money through real estate and car dealerships. He is estimated to be worth over $323 million.

Much has been made about Senator Bob Corker (R-TN) being the wealthiest Republican in the U.S. Senate. But he is ranked only number 14 because there are so many wealthier Democrats ahead of him. He doesn’t make the Top Ten. He worked as a construction superintendent. Then started his own company. Today he is worth $107 million.

Among Democrats who earned their income, Senator Mark Warner (D-VA) first made his money as a mobile phone franchiser, later as a high tech venture capitalist in Northern Virginia just outside of Washington.

Warner is reported to have learned about the telecommunications industry while working for Sen. Chris Dodd (D-CT). Sen. Dodd decided not to run for re-election as he was under a cloud for taking a below-market mortgage from the CEO of now bankrupt Countrywide Financial.

For those who are keeping score, Dodd recently landed a sweet job as the head of the Motion Picture Association of America after he declined to run for re-election in 2008. The Hollywood Reporter says his annual salary will be pegged at $1.5 million.

Rep. Jared Polis (D-CO), earned his fortune in the flower and greeting card business. He was the founder of Pro-Flower and an e-commerce greeting card company which he sold to Excite.com for more than $700 million.

New Jersey’s long time Democratic Sen. Frank Lautenberg (D-NJ) rounds out the top ten. He originally was with a high tech company and is worth $116 million. New Jersey, considered one of the most corrupt states in the country, has had many home-grown Democratic gazillionaires for a long time.

Former Democratic Senator and New Jersey Governor Jon Corzine last week resigned as CEO of MF Global, a well established company he ran into the ground. As of last week federal investigators were trying to determine why the company is missing $900 million. It closed its doors last week and laid off more than 1,000 employees.

The issue of politics and money has been a complicated one. President Barack Obama brought in far more money from Wall Street in his 2008 campaign than his Republican opponent Sen. John McCain (R-AZ). Obama raked in $1 million from Goldman Sachs employees that year. While his numbers are lower this year, the President has attracted $15.2 million from the financial services industry that he attacks so frequently.

Many Democrats run institutions on Wall Street. Jamie Dimon, the CEO of J.P. Morgan has been a long-time Democratic supporter. So too has Goldman Sachs Chairman and Chief Executive Officer Lloyd C. Blankfein.

When will the mainstream media figure out that Democrats are part of a millionaire’s club too? Maybe someone should tell the Occupy Wall Street protesters, if they are still in their park.
The names come from my link as posted above.

90% of life is "showing up"

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12-14-2011 02:12 AM  5 years agoPost 11
es1co2bar3

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thank for posting, but they are ready to vote to pay ther fair share of the tax,

let look at the top earner of the republican start with romney
and chaney {dart vader} john mckain the i hope you got the list
just like you got the dem,

I was waiting on some honey but there aren't no Queen bee,

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12-14-2011 03:47 AM  5 years agoPost 12
baby uh1

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St. James, Mo.

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thank for posting, but they are ready to vote to pay ther fair share of the tax,
Sorry, they are suckering you! They exempt themselves from the taxes and regulations that they put on everyone else while making money off of insider information that would be illegal in the stock market.
Don't believe what you hear in the main stream media! Do your own research!

Anything is possible if you don't know what you are talking about!

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12-14-2011 03:53 AM  5 years agoPost 13
pctomlin

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Texas

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es1co2bar3,
You need to spend a little less time on MoveOn.org for your talking points and do your own research. You sound like that twit Debbie Wasserman Schultz. Obama's financial guru Warren Buffet says that all rich people need to pay more taxes. Only one problem here. Poor Warren has not payed any taxes since 2003 because he is disputing every tax year assessment with the IRS. Thought I just heard him say that rich people should pay more in taxes.

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12-14-2011 03:54 AM  5 years agoPost 14
es1co2bar3

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Sorry, they are suckering you! They exempt themselves from the taxes and regulations
I am on no side of the political climate, they are all lier and thieve. hope you find this out soon,

I was waiting on some honey but there aren't no Queen bee,

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12-14-2011 04:00 AM  5 years agoPost 15
es1co2bar3

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winnetka california

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Warren Buffet
did you say this guy' are you serious?

this guy finance every republican contender in a primary, he finally got some skill and some balls, and now using professional talking point.
he taking the shame from is eye and telling the GOP it time to stop the madness and the loothing'

That how i look at it when it come to him'

I was waiting on some honey but there aren't no Queen bee,

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12-14-2011 04:54 AM  5 years agoPost 16
dilberteinstein

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es1co2bar3

did you say this guy' are you serious?

this guy finance every republican contender in a primary, he finally got some skill and some balls, and now using professional talking point.
he taking the shame from is eye and telling the GOP it time to stop the madness and the loothing'

That how o look at it whe nit come to him'
You might want to do a little checking before you post stuff. You are posting what you want to believe instead of the truth.

Buffett is not backing the GOP. Check out this link showing Buffett preparing to host a "fund raiser" for Obama this past Septmeber in NYC at $10,000 to $38,500 a plate.

Buffett is backing Obama, not the GOP.

http://politics.blogs.foxnews.com/2...bama-fundraiser

90% of life is "showing up"

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12-14-2011 05:23 AM  5 years agoPost 17
Inspector Fuzz

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NLA

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did you say this guy' are you serious?

this guy finance every republican contender in a primary, he finally got some skill and some balls, and now using professional talking point.
he taking the shame from is eye and telling the GOP it time to stop the madness and the loothing'

That how o look at it whe nit come to him'
professionalism is the key to any one success
After trying to understand a number of your posts I started laughing out loud when I read your signature line:

"professionalism is the key to any one success"

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12-14-2011 05:45 AM  5 years agoPost 18
es1co2bar3

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winnetka california

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professionalism is the key to any one success"
very nice one' thank you, i hope you rotate and meditate on it

I was waiting on some honey but there aren't no Queen bee,

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12-14-2011 05:47 AM  5 years agoPost 19
Dennis (RIP)

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12-14-2011 05:54 AM  5 years agoPost 20
GREYEAGLE

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Flat Land's

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Why ? Veto Job Creation ?

The Asian Market far as Manufacturing Industry is struggling ! They need ton's of work !

Warehouses are full to the rafters with good plastic stuff.
Market's are not buying mass Volumes -Hence the cheap liquidations. Stuff is now backed all the up to the plant production lines and manufacturing cities are turning into ghost town's.

All are Purchasing anything USA of Value !!! In Hoards to liquidate their cash bank values and grab something substantial to cash in later.
Lot's of USA Corp's and physical asset's being purchased at High prices

China is Jacking the Yen every Day - Giving It Away - Locking us up

Japan is a mess after the Tsunami and loss of their grid = -30% =no power has crippled their heavy industry - electric foundries ect.

The U O Re O has no intrinsic value except maybe wine and olive oil, few exotic's and tourism - they manufacture little product of value - except fishing and the shipping industry - ----

All we have to do is open the Well's

Bushel a Barrel won't hurt either

Their going to get Hungry

Wait till we drop or omit the taxes and penalties on Off Shore $$$ and re patriot the Good Ole AMERICAN BUCK

You just may see American Industry Spool Up Like Never Before-
Ours is Ours = BUY MADE IN THE USA

greyeagle

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