Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: FJB who wrote (96220)	12/3/2010 9:18:00 AM
From: tonto	3 Recommendations Respond to of 224729

It is too bad that the facts are not different...people are suffering and politicians are playing games and voters are voting in inexperienced people.

To: FJB who wrote (96220)	12/3/2010 10:19:30 AM
From: Hope Praytochange	2 Recommendations Read Replies (1) \| Respond to of 224729

drudgereport.com

To: FJB who wrote (96220)	12/3/2010 10:24:06 AM
From: Hope Praytochange	2 Recommendations Respond to of 224729

US Republicans Use Jobs Report To Bolster Case In Tax Fight 12/03 10:20 AM WASHINGTON (Dow Jones)--Congressional Republican leaders are latching onto a disappointing U.S. jobs report to bolster their argument that the economy is too shaky to let taxes rise for anyone, including millionaires and billionaires. "Today's heartbreaking unemployment report should be yet another wake-up call to Democrats that raising taxes in the middle of the worst economy in 25 years is a mistake," said Rep. Mike Pence, a Republican from Indiana, in a statement. The jobs report, released Friday morning, showed the unemployment rate rose to 9.8% from 9.6% in November nonfarm payrolls rose by 39,000 as private-sector employers added only 50,000 jobs. Economists expected the economy would add 144, 000 jobs and that the jobless rate would remain unchanged at 9.6%. The White House is also using the jobs report to strengthen their economic arguments. Austan Goolsbee, chairman of the White House Council of Economic Advisers, said that "today's numbers underscore the importance of extending expiring tax cuts for the middle class and unemployment insurance for those Americans who have lost their jobs." While the overall trend of economic news in recent months has been encouraging, the unemployment rate is "unacceptably high," Goolsbee wrote on the White House's official blog Friday morning. The White House and federal Democrats and Republicans are in a fight over tax cuts enacted under former President George W. Bush that are set to expire at year's end. President Barack Obama and most Democrats have insisted the tax breaks be extended for all except the wealthiest Americans. Republicans have said the tax breaks should be extended across the board. Rep. John Boehner (R., Ohio), the next speaker of the House of Representatives, welcomed some positive signs in the jobs report but urged Congress to stop all "looming tax hikes." He also lambasted Democrats. "Unfortunately, Democratic leaders continue to insist on wasting time with meaningless votes as they try to make it as difficult as possible to stop their job-killing tax hike," Boehner said. Obama assigned budget director Jacob Lew and Treasury Secretary Timothy Geithner to work with Congressional leaders from both parties to settle the tax dispute. Obama has said he is willing to compromise but has insisted the 10-year price tag for extending the tax cuts for the wealthy--estimated at $700 billion--is too large and won't have much of a short-term economic impact. Extending the tax cuts for people earning less than $250,000 would likely cost over a trillion dollars over 10 years. It's unclear where those negotiations stand, though the White House said Thursday afternoon they weren't near a deal. Vice President Joe Biden is expected to brief the press on the progress of the tax negotiations Friday morning. -By Jared A. Favole, Dow Jones Newswires; 202-862-9256; jared.favole@ dowjones.com Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http:// www.djnewsplus.com/nae/al?rnd=3CAwB05Z%2F%2Bfc0ECLwzVXIA%3D%3D. You can use this link on the day this article is published and the following day.