by jobhuntguru
27. December 2011 14:13
Jobs |

Who wants to pay more taxes? Of course, no one. So the two-month extension to the employer payroll tax is welcomed news to the ears of employees. Especially middle class workers. The bigger question is whether or not the payroll tax break will actually help or induce employers to add new jobs? While the tax break is a good thing, on its face, especially during the holiday period, the fact of the matter is that no significant job increase will come about because of the temporary extension [two months] of the employer paid payroll tax. It makes for good politics and it is definitely welcomed but -- no new jobs.
Let's face it, during the holiday season, employers do a lot of seasonal hiring anyway to beef up for the holiday season spending which spans Thanksgiving, Christmas and the start of the New Year. Get it? Employers beef up head count because of "demand." A demand for products and services brought on by the social pressures to spend all one has [and then some] on holiday gifts for which it takes most of the following year [for most people] to pay off. Bottom line -- demand equals jobs.
A payroll tax break is only a feel good. Instead of spending a lot of political capital on a payroll tax break, maybe we should try to figure out how to create a climate of product and service demand. You think? Some say government has no role in that matter. That might be a bit of a stretch, since the government has been a part of every major economic boom since modern day economics. Granted, the role of government has not been at the same height as that of the private sector. Then again, in this case the private sector is more so in a wait and see mode. Someone has to do something to keep the tribal members happy. Since, the private sector isn't doing much; the baton has been passed to the Feds.
So while the Feds are doing what little they can [to boost the economy] such as the payroll tax extension, the jury is out on the temporary tax cut extension actually creating jobs. One thing is for sure, current employees, across the country, are certainly glad to have more cash in the wallet during the holiday season.
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Tags: tax cut extension jobs, no new jobs tax cut extension, private sector no new jobs, demand equals jobs, create jobs product service demand, private sector wait see mode jobs, tax cut extension welcomed holidays, payroll tax cut more cash wallet, government involved major economic boom, role government economics, seasonal jobs demand holiday season
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by Blog Boss
30. September 2011 03:42
Jobs |

Sure it's a touchy feely kind of topic, but the whispering suggests that at least some think Obama may be neglecting the Black Job Crisis. Is this simply the stuff that gets people riled up or is there some merit to such a suggestion? Well, for one thing I would say Obama is having a difficult time with job creation Black, White or otherwise. Let's face it, the private sector hasn't been so willing to work with this Administration. Maybe that's because big corps have $2 Trillion on the sidelines and they would like to keep it that way? Anyway, be that as it may that leaves public sector jobs which a good percentage of Blacks do occupy. That's true, at least for now, until the House cuts more public sector funding (or simply refuses to keep portions of the government running).
So what are Obama's options in terms of helping with the Black Job Crisis? Well for one, he could acknowledge the situation take a hard line against it and cause some massive wave of jobs to somehow surface. What happens next? Well, hillbilly Jim Bob and his pals gets real upset and uses that as validation that Obama was out to turn poverty onto Whites as some form of retribution for slavery. Would that help with a re-election bid? No. Is politics involved? Yes. Now the other option is a little more sensible, which is he could address the American Job Crisis as a whole is such a way that would help not only Blacks but Whites, Hispanics, Latino, and others. Why? You know why - if you help one and don't help the other then the others cry foul play. Sure, it's no secret that Blacks are affected most by this economic situation but helping only what some consider to be a small segment of the population and leaving others to fend for themselves opens up a can of worms that I'm sure Obama does not want on his plate.
In reality, given the politics around jobs, deficit reduction and spending, getting a plan to work for anyone is a difficult task. So, it's somewhat of a reach to say Obama is neglecting the Black Job Crisis. If anything, what Obama is neglecting to do is get the private sector into the game. Granted that isn't an easy task when big corps have more cash flow than the federal government, but that's where the real problem exists. How do you get the private sector into the game? So even if you still aren't convinced that's the problem - do tell me; do you really think Perry or Romney will do more for Blacks? Get real. Expect nothing from Romney, and as for Perry, well he might call up a few of his pals in Texas and help a few Blacks out with those low wage jobs. Suit yourself, Obama or Perry/Romney. 
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Tags: black job crisis, obama neglecting black job crisis, obama difficult time job creation, private sector unwilling work obama, big corps 2 trillion cash sidelines, private sector more cash flow government, obama unable private sector create jobs, perry do more blacks than obama, romney do more black than obama, obama help black foul play, obama turn poverty whites, blacks affected most economic situation
american job crisis | black job crisis | economic crisis | employment | job news | job crisis | job market | job market chaotic | job search blog | jobless 2012 election | jobless drama | jobs | jobs act | long term unemployed | low wage jobs | no new jobs
by Blog Boss
19. September 2011 03:50
Jobs |

Sounds like the familiar chant at your local neighborhood auction but nope it's actually the theme of the day - no jobs. That in of itself is no surprise; however, the latest move out of the White House may have sealed the deal on job growth or better yet lack there of with regards to job growth. If you thought getting some of the items in the Jobs Act passed was hard enough, how much more difficult will it be to raise taxes on millionaires?
Sure the Right rants and raves about deficit reduction but no one expected a tax hike to be on the table. While even some GOP members (just a few believe me) acknowledge that a tax increase is absolutely necessary (along with spending cuts), the fact of that matter is that doing so will only make a bitter party divide even worse and the unemployed are trapped in the middle. You gotta give it to Obama for the gutsy move that could prove fatal to his reelection campaign but the likelihood of job creation following a tax hike is less than slim and none. The Right would simply refuse to spur job growth just for spite. It's just a down right ugly situation in Washington and its only going to get worse...in the mean time no jobs. I'm not talking about the Apple guy either.
Too bad there aren't enough Warren Buffets to go around who want to pay more taxes than their secretaries. No matter how you look at it, the White House is in an uphill battle trying to rein in spending and jumpstarting economic growth concurrently. Raising taxes on millionaires will make quite a few unhappy. Cutting spending will do the same for the working class. Sounds like a no win situation to me. Of course we all know what no win situations mean right? You guessed it - no jobs. I can hear it on the Chamber floor now [House and Senate] - going once, going twice - no jobs - sold to the unemployed...but wait they already don't have jobs anyway.
by Blog Boss
13. September 2011 07:40
Jobs |

If you don't have a job and have been out of work for a while any job is welcomed. On the other hand manufacturing an economic crisis to condition workers for lower wages sounds a little cronyism. Is that really the answer? It seems like a no brainer but that's what the GOP candidates are sparring about nowadays. Perry touts that he has created over 2 million jobs in Texas under his watch. Conversely, Ron Paul shot back at Perry during the GOP debate to say that over 700,000 of those jobs were state and local government jobs. It was super funny (ROFL) when Ron Paul stated that he didn't want to offend the Governor for fear Perry might raise his taxes - again. Moreover, on more than one occasion it has been noted that a large number of the jobs created under Perry's watch have been low wage jobs. Basically low wage service level jobs at Carl's Jr. and so on.
So is this where we're going? Use the national deficit as an excuse to push more and more Americans into poverty. This is what seems to be the case. On one end, there's the push to end unemployment insurance. On the other end, the private sector has created little to no jobs, with the exception of the great job Perry is doing in Texas stimulating job grown via Carl's Jr. Woo-hoo, let's give the Governor a big cuban cigar for that one. Go Perry Go! Are low wage jobs the answer? Looks like Perry thinks so...maybe Carl's Jr has a few more job openings. Go get yours before Perry gives that job away to a long term unemployed person begging to get back to work.