The Bleeding Of Jobs Continues In Maryland

A government contractor in Maryland is moving its operation to Virginia and taking over 1000 jobs out of the state as the bleeding of jobs continues.

Bechtel Corp announced the moves which will take place next year. This is just another in a long line of companies that have left Maryland for more business friendly states. Governor Martin O’Malley and his Lieutenant Governor Anthony Brown, who is running for governor, increased or enacted more than 40 taxes that are hurting the working people of the state and driving business away.

Brown wants to take over where O’Malley leaves off, with more taxes and a bad business environment. Brown is happy to carry the torch of progressive destruction in a state where Democrats outnumber Republicans 2:1.

Larry Hogan is the Republican running to beat Brown and turn the state around. Hogan is a businessman who actually knows what it means to meet a payroll.

Put simply, Hogan knows what it is like to sign the front of the check. Brown only knows how to sign the back.

Hogan had this to say about the latest loss:

We are saddened to learn that another 1,100 well-paying jobs will be leaving Maryland for Virginia,” Republican nominee Larry Hogan said in a statement. The loss of jobs “will ripple though Frederick as dozens of small businesses — restaurants, repair shops, suppliers, cleaners and delivery firms — will suffer. Baltimore Sun

Liberal policies put in place by O’Malley and Brown are killing the state. It has been dying a slow death for decades under Democrat rule but the last eight years have seen an acceleration of that demise.

Get rid of Brown in November and we can begin to repair the damage done by him and O’Malley.

Cave canem!
Never surrender, never submit.
Big Dog

Gunline

In Search Of Unicorns

The problem with Democrats is that they don’t understand how things work in the world of business. They are too engaged in class warfare to actually tell the truth or to do things that are good for the country. Democrats believe that they should tax the living hell out of the so called rich and while they claim it is because the rich need to pay their fair share the reality is that the Democrats want to create envy among the have nots. Make the middle class believe that the rich are getting over and gain Democrat voters.

The absolute fact that the rich pay most of the income taxes in this country is lost on those who play the class warfare game. The bottom 47% of wage earners pay absolutely NO federal income taxes and many of them actually get money back. They owe no taxes and get a refund while the wealthy foot the bill for the cost of government in this country. The top 53% of wage earners pay the money that runs the country.

Democrats want to tax the people who create jobs. Remember folks, government does not create jobs. It can only create an environment favorable to job creation or one that hinders job creation.

Harry Reid, the Senate Majority Leader and world class moonbat Democrat has stated that millionaires (the latest group targeted for a tax increase) who produce jobs are like unicorns, they do not exist. He then narrowed it down to some small fraction (two opposing views, either they do NOT exist or they are present in a small percentage).

Both statements are incorrect. Wealthy people create plenty of jobs. In fact, we can shoot down the do not exist argument in one shot. Bill Gates, the late Steve Jobs, and the founders of Google are all extremely wealthy and they all create thousands of jobs. Not only are they creating jobs at their companies but their products create jobs down the line in companies that produce computers and those who install software. These millionaires (plus) have created plenty of jobs so the argument that they do not exist is gone.

But are the millionaires who create jobs a small fraction of the total number of millionaires or are they, as Reid claims, hedge fund managers and rich lawyers (like a lot of members of Congress)?

Paul Roderick Gregory of Forbes puts the Reid claim to the test and it looks like Reid told a whopper.

The number of millionaires who create jobs is significant and way above what Reid claimed. One would think that Reid would have some fact checkers doing some work to ensure he did not make such outrageous claims but that would assume that Reid did not want to make the mistake. He did not care. The truth was not his goal.

His goal was to create another myth and to perpetuate the class warfare that Democrats are known for. He wanted people to believe him.

It is like the myth that Warren Buffett pays less in taxes (as a percentage) than his secretary does and that he wants Congress to fix that because it isn’t right. The man avoids taxes (even while calling for higher rates) and the comparison he makes is invalid.

The whole story is bogus but people, supposedly intelligent people, keep using it to justify taxing the very people who pay the most in taxes (top 10% of earners pay 77% of the taxes).

That was Reid’s goal, spread a lie and have it multiply geometrically so he can continue to whip up class envy.

It is what Democrats do and this will never be different.

It is up to intelligent people to cut through the BS and come up with the truth.

We will never find unicorns but we can easily find millionaires who create jobs.

Reid lied. A truthful Democrat is like a unicorn…

ADDENDUM: While Reid is playing class warfare the wealth of members of Congress has tripled in the last 25 years while the wealth of the average American has decreased. Imagine that, their wealth has increased and they do not create ANY jobs and I don’t doubt they avoid paying higher taxes as well…

Cave canem!
Never surrender, never submit.
Big Dog

Gunline

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Someone Can’t Face Reality

I received a message via my contact page from someone using the name L-Dog. The message came from an Alaska.gov server. More specifically, it came from the Department of Administration (or through their server, anyway). This is the message I received:

So if tax cuts create jobs, where are they. We have 7 or so years of the bush [sic] tax cuts and no job growth. So stop lying.

A lie, by definition, is a deliberate attempt to deceive. Since I did no such thing, then it is not a lie. But let us explore.

The Bush tax cuts took place in 2003 and went into full force in 2004 so yes, it has been about 7 years though there were earlier tax cuts. After the Bush tax cuts, 5 million jobs were created and the revenue to the Treasury increased. This is not to say things were great because Bush was a big spender. He and Congress spent far more than we took in though now those numbers pale in comparison to Obama.

The linked chart shows that from about 2000 to 2003 revenue decreased. There are a number of reasons including 9/11 and a recession. The Clinton tech bubble was bursting as well and the Federal Reserve raised interest rates 6 times from 1999-2000. From 2003 to 2007 revenues increased as a result of the tax cuts. In 2007 Democrats took control of Congress and revenues again began to decrease. We were also heading into another recession. It is also important to note that the first tax cuts of 2001 were to be phased in over several years and the economy and job production lagged in the early years.

Heritage published a report about the tax cuts and this, in part, is what that organization had to say:

In 2003, capital gains tax rates were reduced. Rather than expand by 36% as the Congressional Budget Office projected before the tax cut, capital gains revenues more than doubled to $103 billion.

The CBO incorrectly calculated that the post-March 2003 tax cuts would lower 2006 revenues by $75 billion. Revenues for 2006 came in $47 billion above the pre-tax cut baseline.

Here’s what else happened after the 2003 tax cuts lowered the rates on income, capital gains and dividend taxes:

  • GDP grew at an annual rate of just 1.7% in the six quarters before the 2003 tax cuts. In the six quarters following the tax cuts, the growth rate was 4.1%.
  • The S&P 500 dropped 18% in the six quarters before the 2003 tax cuts but increased by 32% over the next six quarters.
  • The economy lost 267,000 jobs in the six quarters before the 2003 tax cuts. In the next six quarters, it added 307,000 jobs, followed by 5 million jobs in the next seven quarters.

The timing of the lower tax rates coincides almost exactly with the stark acceleration in the economy. Nor was this experience unique. The famous Clinton economic boom began when Congress passed legislation cutting spending and cutting the capital gains tax rate.

In late 2007 the economy began to cool. By 2008, it entered a recession. The housing bubble burst, precipitating a financial crisis. But after 50 months of unimpeded growth, it is ludicrous to insist that the tax cuts caused the recession, let alone the global financial meltdown. Even after the Fannie and Freddie Mac-induced bust, there were still one million net jobs created during the Bush years.

So L-Dog of Alaska, the Bush tax cuts did indeed create jobs. The net gain was 1 million after a 5 million increase that was mostly wiped out by the government (read Democrat) induced trauma known as Fannie and Freddie.

Revenue increased, jobs were produced and the unemployment rate was in the 4-6 range. This happened despite a massive blow we took on 9/11.

Tax cuts, long term ones, create jobs because the private sector employers (government DOES NOT create jobs) know what to expect and are able to run their businesses accordingly. They can hire because they know what their tax burden will be. Uncertainty leads them to stop hiring and take a wait and see approach. Ronald Reagan cut taxes and he had tremendous job growth as well as increased revenue to the government.

If we could get government to stop spending what they take and then some we could get our house in order.

So, if tax cuts do not produce jobs why is Barack Obama running around claiming to be a tax cutter (he has raised them, not cut them)? Why did Democrats fight to keep the Bush tax cuts last year? They cited the problems with increasing taxes in a bad economy and how it would harm job growth so if tax cuts do not equal jobs why would they fight for the tax cuts enacted by a man they absolutely hated? Additionally, why did the Congress cut payroll taxes last year (the Social Security tax) if they thought it would not help.

A lot of things are working against any tax cuts and a major part is the out of control spending and the Keynesian economic policies that Obama embraces. You can’t keep spending money we don’t have to cure a spending problem. Tax cuts with discipline in DC will solve the problems.

When producers are taxed more it leaves them less capital to run their businesses and that means they can’t hire. When the tax situation is uncertain they are afraid to act.

So L-Dog, I hope this clears it up for you. I won’t call you a liar, just misinformed.

Cave canem!
Never surrender, never submit.
Big Dog

Gunline

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Obama Dedicated To Deficit Reduction

White House Press Secretary Jay Carney was busy spinning the propaganda today and he told one whopper of a lie. He said that Barack Obama is dedicated to deficit reduction.

“I think that has been proven again and again, White House press secretary Jay Carney said of President Obama’s commitment to reducing the deficit. “Most recently by the continuing resolution negotiation that averted a government shutdown earlier this year with Republicans that tighten deficits significantly in this fiscal year by the Affordable Care Act, which is a long term deficit.” Real Clear Politics

Since Obama has been in office the deficit has nearly quadrupled. It is around $1.5 TRILLION this year alone. Obama’s last budget increased the deficit and the negotiations that took place did absolutely nothing to tighten deficits significantly. Additionally, Obamacare will not reduce the deficit. It will, according to a number of sources, increase the problem by as much as $2.5 TRILLION.

Obama has been too busy passing expensive Socialist legislation and playing golf to do anything that deals with reducing the deficit. He is only interested in raising taxes and spending more money.

But, this is what passes for dedication in Obamaland. Hell, this dedication to reducing the deficit is producing similar results as his laser beam focus on jobs.

Since Obama focused like a laser beam, the unemployment rate rose and has been high the entire time. There is no end in sight.

It would appear as if Obama’s idea of dedication and laser beam focus is different from those who inhabit the successful world. Successful people who are dedicated and laser beam focused achieve positive results.

Cave Canem!
Never surrender, never submit.
Big Dog

Gunline

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Caterpillar To Build New Factory

Looks like Obama was right when he said the stimulus money would allow Caterpillar to put people to work (though the leader of the company denied he made that claim). Caterpillar is building a new factory to build mini hydraulic excavators.

The only problem is that Caterpillar will be building the factory in China.

I wonder if Obama will add all the Chinese workers who are employed to build the factory and those who will be employed to work at it in his jobs created number.

I mean, this is Obama, the master of double talk, and he did not say that the jobs the stimulus would create would be in America…

Cave Canem!
Never surrender, never submit.
Big Dog

Gunline

If you enjoy what you read consider signing up to receive email notification of new posts. There are several options in the sidebar and I am sure you can find one that suits you. If you prefer, consider adding this site to your favorite feed reader. If you receive emails and wish to stop them follow the instructions included in the email.