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Makes Census to Me

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Balladeer
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0 posted 04-02-2010 05:29 PM       View Profile for Balladeer   Email Balladeer   Edit/Delete Message      Find Poems   Click to visit Balladeer's Home Page   View IP for Balladeer


Obama welcomes jobs report as rare good news
CHARLOTTE, N.C. – President Barack Obama on Friday hailed a new government report showing the most jobs created in nearly three years. "We are beginning to turn the corner," he told employees of a manufacturing plant that received government stimulus money.

Steps taken by the government "have broken this slide and are helping us to climb out of this recession," Obama said several hours after the Labor Department reported that businesses added 162,000 jobs to their payrolls in March.

Even so, the Labor Department report was a mixed one. The overall unemployment rate remained unchanged at 9.7 percent, where it has been stuck since January. And 48,000 of the new workers filled temporary government-created Census Bureau positions. Some 8.4 million jobs have evaporated since the recession began in December 2007.

"I've often had to report bad news during the course of this year, as the recession wreaked havoc on people's lives. But today is an encouraging day. We learned that the economy actually produced a substantial number of jobs instead of losing a substantial number of jobs," he said.
http://news.yahoo.com/s/ap/us_obama_jobs


So there you have it. Obama has no doubt the American people are idiots. He takes a jobs report, which sets a three-year record because one third of it contains temp jobs due to the census, and he calls it 'turning the corner', even though the unemployment rate remained unchanged. Yes, the economy produced a substantial number of jobs but it didn't produce a number of substantial jobs. Almost 50,000 of them will disappear after the census. This is what he claims to be "encouraging. He can only say this with a straight face if he believes the people he is speaking to are completely stupid. Well, maybe they are. Just as Groucho Marks said that he would never belong to a club that would have him as a member, perhaps Obama feels that he need never respect the intelligence of anyone who would elect him President.

He has a point....
Huan Yi
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1 posted 04-02-2010 05:51 PM       View Profile for Huan Yi   Email Huan Yi   Edit/Delete Message      Find Poems  View IP for Huan Yi

.


Well, no one can say
you don't know how to make friends . . .

.
JenniferMaxwell
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2 posted 04-02-2010 06:02 PM       View Profile for JenniferMaxwell   Email JenniferMaxwell   Edit/Delete Message      Find Poems  View IP for JenniferMaxwell

Those census worker temps don't have to worry,  17,000 new jobs coming up at the IRS and as far as I've heard, no death panel positions have been filled yet. Lots of openings there, too, right?
Huan Yi
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.


"17,000 new jobs coming up at the IRS"

to collect fines on the illegally uninsured . . .

.
JenniferMaxwell
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4 posted 04-02-2010 06:42 PM       View Profile for JenniferMaxwell   Email JenniferMaxwell   Edit/Delete Message      Find Poems  View IP for JenniferMaxwell

Yep, 17000 IRS goons beating down the doors of the uninsured living on the street, in orphanages, jails, prisons and homeless shelters. HBR have a multi-gazillion dollar contract for the workhouses and gulags yet?
Balladeer
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5 posted 04-02-2010 06:47 PM       View Profile for Balladeer   Email Balladeer   Edit/Delete Message      Find Poems   Click to visit Balladeer's Home Page   View IP for Balladeer

Better check with mr. grinch, Jen. He has assured me that those jobs will NOT be filled.


Thanks, John. I owe my many friendships to my sparkling personality
JenniferMaxwell
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6 posted 04-02-2010 07:05 PM       View Profile for JenniferMaxwell   Email JenniferMaxwell   Edit/Delete Message      Find Poems  View IP for JenniferMaxwell

"I have six locks on my door all in a row.  When I go out, I lock every other one.  I figure no matter how long somebody stands there picking the locks, they are always locking three."
- Elayne Boosler
Balladeer
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7 posted 04-02-2010 07:12 PM       View Profile for Balladeer   Email Balladeer   Edit/Delete Message      Find Poems   Click to visit Balladeer's Home Page   View IP for Balladeer

Take a left, Jen, to find the quote thread...or do you think throwing nonsense in other threads is supposed to serve some point?
JenniferMaxwell
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8 posted 04-02-2010 07:52 PM       View Profile for JenniferMaxwell   Email JenniferMaxwell   Edit/Delete Message      Find Poems  View IP for JenniferMaxwell

http://www.talkingpointsmemo.com/images/docpage-recoverystats1.jpg
Denise
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The people living on the street, in orphanages, jails, prisons and homeless shelters already have access to free government healthcare, Jen. They aren't the ones the government will penalize for not having insurance.
JenniferMaxwell
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""I've often had to report bad news during the course of this year, as the recession wreaked havoc on people's lives. But today is an encouraging day. We learned that the economy actually produced a substantial number of jobs instead of losing a substantial number of jobs," he said.

He spoke at a Celgard LLC factory, which received a $49 million grant from the U.S. Energy Department last August. The company makes high-tech battery components, including membranes used in advanced lithium batteries

The president said the grant was creating nearly 300 direct jobs for the company and more than 1,000 jobs for its contractors and suppliers."


Balladeer
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11 posted 04-02-2010 10:44 PM       View Profile for Balladeer   Email Balladeer   Edit/Delete Message      Find Poems   Click to visit Balladeer's Home Page   View IP for Balladeer

If you read the link it is clear that his "encouragement" and joy came from the national figures, not that particular company's.

Of course he would pick a company that received stimulus funds and hired more people. What do you think? He'd pick a country that received no funds and had to lay people off? Even Obama is not that stupid.
JenniferMaxwell
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"He'd pick a country that received no funds and had to lay people off? "

"Instead of a Seeing Eye dog, what about a gun? It's cheaper than a dog, plus if you walk around shooting all the time people are going to get out of the way. Cars, too!"- Jack Handey, again.
Bob K
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     John, in my post 142 in the Plea for Sanity thread, I offer a fact-check reference on the jobs you speak about.  You might try checking that out.
Denise
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I heard on the news that the tax credits to small businesses will only last for two years and that they are only applicable to companies that have between 10-20 employees and make less than $25,000. per year. Funny, that wasn't mentioned in his oratory.
Balladeer
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15 posted 04-03-2010 01:19 PM       View Profile for Balladeer   Email Balladeer   Edit/Delete Message      Find Poems   Click to visit Balladeer's Home Page   View IP for Balladeer

No only that, Denise, but figures came out that less than half of employers with 25 employees or less provide health insurance for their employees. So, in order to get tax credits, they will have to provide insurance.

Interesting no one has commented on the main gist of the post, Obama using the almost 50,000 temporary once-in-a-decade census jobs as a reason to declare the job market is improving.
JenniferMaxwell
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The White House

Office of the Press Secretary

For Immediate Release April 01, 2010 Fact Sheet: Small Business Health Care Tax Credit
Health reform legislation signed by President Obama includes a Small Business Health Care Tax Credit to help small businesses afford the cost of covering their workers.

Key Facts about the Small Business Health Care Tax Credit

•The tax credit, which is effective immediately, can cover up to 35 percent of the premiums a small business pays to cover its workers.  In 2014, the rate will increase to 50 percent.
•The Congressional Budget Office estimates that the tax credit will save small businesses $40 billion by 2019.
•Both small for-profit businesses and small not-for-profit organizations are eligible.
Key Elements

•Available Immediately.  The credit is effective January 1, 2010.  As a result, small businesses that provide health care for their workers will receive immediate help with their premium costs, and additional firms that initiate coverage this year will get a tax cut as well.
•Broad Eligibility.  The Council of Economic Advisors estimates that 4 million small businesses are eligible for the credit if they provide health care to their workers.  Qualifying firms must have less than the equivalent of 25 full-time workers (e.g., a firm with fewer than 50 half-time workers would be eligible), pay average annual wages below $50,000, and cover at least 50 percent of the cost of health care coverage for their workers.
•Substantial Benefit.  The credit is worth up to 35 percent of a small business’s premium costs in 2010.  On January 1, 2014, this rate increases to 50 percent.
•Firms Can Claim Credit for Up to 6 Years. Firms can claim the credit for 2010 through 2013 and for any two years after that.
•Non-Profits Eligible.  Tax-exempt organizations are eligible for a 25 percent tax credit in 2010.  In 2014, this rate increases to 35 percent.[1]
•Gradual Phase-Outs.  The credit phases out gradually for firms with average wages between $25,000 and $50,000 and for firms with the equivalent of between 10 and 25 full-time workers.
•Premium Cost Eligibility.  To avoid an incentive to choose a high-cost plan, an employer’s eligible contribution is limited to the average cost of health insurance in that state.
Getting the Word Out to Small Businesses

To ensure that small businesses know about the credit and how to claim it, the Administration is initiating a nationwide educational campaign for small businesses and tax preparers.  

•WhiteHouse.gov Web Feature.  Starting today, WhiteHouse.Gov will feature a special section on the Small Business Health Care Tax Credit.  
•Millions of Postcards to Small Businesses: In the coming weeks, IRS will send out postcards to millions of small businesses who may be eligible for the credit, urging them to look at the criteria and take advantage if they qualify.
•Over 1,000 Tax Workshops and Small Business Forums.  Every year, tens of thousands of small businesses and tax professionals around the country attend Small Business Forums and Tax Workshops where they can hear from IRS representatives about new developments in tax law.  This year, IRS outreach will have a special focus on the small business credit to get the word and answer questions about how the credit works and how to claim it.  
•Email Blast to 175,000 Tax Professionals.  IRS will use its IRS e-News for Tax Professionals mailing list to notify over 175,000 tax professionals.
•Special Section on IRS.gov.  The IRS is featuring a new section on the front page of IRS.gov on new tax tips, detailed frequently asked questions and a worksheet to help small business owners determine if they qualify.
Benefit from Small Business Health Care Tax Credit: Four Cases

Example 1: Auto Repair Shop with 10 Employees Gets $24,500 Credit for 2010

Main Street Mechanic:

•Employees: 10
•Wages: $250,000 total, or $25,000 per worker
•Employer Health Care Costs: $70,000
2010 Tax Credit: $24,500 (35% credit)
2014 Tax Credit: $35,000 (50% credit)

Example 2: Restaurant with 40 Part-Time Employees Gets $28,000 Credit for 2010

Downtown Diner:

•Employees: 40 half-time employees (the equivalent of 20 full-time workers)
•Wages: $500,000 total, or $25,000 per full-time equivalent worker
•Employer Health Care Costs: $240,000
2010 Tax Credit: $28,000 (35% credit with phase-out)
2014 Tax Credit: $40,000 (50% credit with phase-out)

Example 3: Foster Care Non-Profit with 9 Employees Gets $18,000 Credit for 2010

First Street Family Services.org:

•Employees: 9
•Wages: $198,000 total, or $22,000 per worker
•Employer Health Care Costs: $72,000
2010 Tax Credit: $18,000 (25% credit)
2014 Tax Credit: $25,200 (35% credit)

Example 4: Manufacturing Company with 12 Employees Gets $14,700 Credit for 2010

Acme Air Conditioning, LLC:

•Employees: 12
•Wages: $420,000 total, or $35,000 per worker
•Employer Health Care Costs: $90,000
2010 Tax Credit: $14,700 (35% credit with phase-out)
2014 Tax Credit: $21,000 (50% credit with phase-out)

Five Additional Ways Health Reform will Help Small Businesses.  Small businesses want to provide health coverage for their workers, but they face extraordinary challenges in doing so, including premiums that are 18 percent higher on average than large businesses pay for the same coverage.   Health reform legislation signed by the Presidents includes a number of important benefits to help make coverage more affordable:

1. Creates Health Insurance Exchanges to Increase Bargaining Power and Reduce Administrative Costs.

•Status Quo: Small Businesses Have Little Bargaining Power, Face High Administrative Costs.  Currently, small businesses face not only premiums that are 18 percent higher than large businesses pay, but also face higher administrative costs to set up and maintain a health plan.  The premiums they pay have 3 to 4 times as much administrative cost built into them as plans in the large group market.  They are also at a disadvantage in negotiating with insurance companies because they lack bargaining power.
•Solution: Health Insurance Exchanges will Provide More Choice, Lower Prices, and Greater Bargaining Power for Firms with up to 100 Employees:  Health reform will change this dynamic.  Starting by 2014, firms with 100 or fewer workers will be able pool their buying power and reduce administrative costs by purchasing insurance through an exchange.  According to CBO, coverage that small businesses purchased through an exchange “would have lower administrative costs, on average, than the policies those firms would buy under current law, particularly for very small firms.”
2. Ends Price Discrimination against Small Businesses with Sick Workers.

•Status Quo: Small Businesses with Sick Worker Face Higher Prices, Sudden Price Increases.  Currently, small businesses with just one sick worker can face significantly higher premiums, and having a worker fall ill can lead to a precipitous price increase – raising premiums just when insurance is needed most.
•Solution: Ending Price Discrimination Based on Illness: Health reform will end this price discrimination.  Starting in 2014, “community rating” rules will prohibit insurers from charging more to cover small businesses with sicker workers or raising rates when someone gets sick.
3. Increases Health Care Security to Unlock Entrepreneurship.

•Status Quo: Health Insurance Insecurity Creates “Job Lock,” which Inhibits Entrepreneurship.  Our current health care system inhibits entrepreneurship and small business formation by locking workers — especially those with families or with any sort of health problem —into jobs at large firms that offer family coverage and have a big enough risk pool to absorb the cost of covering pre-existing conditions.   This “job lock” causes many workers to stay at large firms even if they would be more productive working at a small business or becoming an entrepreneur.
•Solution: Health Security Empowers Entrepreneurship: By providing health security for every American and eliminating exclusions for pre-existing conditions and price discrimination against those who are sick, health reform will make it easier for small businesses to attract the best workers and easier for entrepreneurs to strike out on their own.
4. Reduces the Hidden Tax on Small Business Employees with Health Insurance.

•Status Quo: Hidden Tax Adds $1,000 to Every Premium:  Currently, the cost of treating the uninsured adds a “hidden tax” of over $1,000 to every health care premium.
•Solution: Reduce Hidden Tax by Dramatically Expanding Coverage: Health reform will significantly reduce this tax by covering an additional 32 million additional Americans by 2019.
5. Reduces Premiums in the Small Group Market.

•Status Quo: Higher Premiums Mean Coverage Is Unaffordable for Small Businesses.  In a recent national survey, nearly three-quarters of small businesses that did not offer benefits cited high premiums as the reason.
•Health Reform Will Lower Costs, Making Coverage More Affordable:   Taken together, the measures described above will significantly reduce premiums for small businesses.  According to CBO, health reform will reduce the cost of a given plan in the small group market by 1-4 percent by 2016.

The credit rates are lower for non-profits to ensure that the value of the credit is approximately equal to that provided to for-profit firms that cannot claim a tax deduction for the amount of the credit claimed

white house.gov health care
Grinch
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Denise,

Which news source were you listening to? Whichever it was they are incorrect, I’d avoid them if I were you.

quote:
Interesting no one has commented on the main gist of the post, Obama using the almost 50,000 temporary once-in-a-decade census jobs as a reason to declare the job market is improving.


I’ll comment Mike.

Obama is using 50,000 temporary jobs but, as the graph Jen posted shows, even without those 50,000 temporary positions and the imaginary 17,000 IRS auditors the job market is still improving.

There’s more good news, the average number of hours worked is rising which is normally a standard precursor to an increase in the number of people employed.

.
Balladeer
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18 posted 04-03-2010 03:10 PM       View Profile for Balladeer   Email Balladeer   Edit/Delete Message      Find Poems   Click to visit Balladeer's Home Page   View IP for Balladeer

If the jobs report had shown 114,000 jobs instead of 162,000, would that be reason enough for Obama's comments? I ask because I couldn't find actual figures for Jan and Feb for 2010.

...and you still can't disregard the fact that the unemployment percentage hasn't dropped.

Jennifer's chart is a jobs lost report. It's good that fewer jobs are being lost but we are referring to hires.
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19 posted 04-03-2010 03:20 PM       View Profile for Balladeer   Email Balladeer   Edit/Delete Message      Find Poems   Click to visit Balladeer's Home Page   View IP for Balladeer

•Employees: 9
•Wages: $198,000 total, or $22,000 per worker
•Employer Health Care Costs: $72,000
2010 Tax Credit: $18,000 (25% credit)
2014 Tax Credit: $25,200 (35% credit)

Now the large percentage of small business that do NOT provide health insurance for their few employees, of what benefit is the tax credit? In the above case, right now they would pay nothing. If they offer health insurance and receive the tax credit, they will still pay 54,000. What do you think they would choose to do?
Balladeer
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20 posted 04-03-2010 03:30 PM       View Profile for Balladeer   Email Balladeer   Edit/Delete Message      Find Poems   Click to visit Balladeer's Home Page   View IP for Balladeer

Employment Situation

April 02, 2010
Nonfarm payroll employment increased by 162,000 in March, and the unemployment rate held at 9.7 percent. Temporary help services and health care continued to add jobs over the month. Employment in federal government also rose, reflecting the hiring of temporary workers for Census 2010. Employment continued to decline in financial activities and in information.
http://www.bls.gov/
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     What would you chose to do, Mike?
Balladeer
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22 posted 04-03-2010 03:47 PM       View Profile for Balladeer   Email Balladeer   Edit/Delete Message      Find Poems   Click to visit Balladeer's Home Page   View IP for Balladeer

Ah, not going there, Bob, because all roads would lead to arguments. I'm not the president. I'm not a congressman or an economist. I try to vote in people smart enough to have answers. I don't believe higher taxes or higher restrictions on businesses is the way to promote hiring, that's all.
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     You asked what we thought "They" would choose to do?  Why is it an unfair question.  At essentially no cost to yourself you might chose to help employees get health care or you might chose not to.

     The Republican answer, face it, looks bad.

     That's why the new law looks better.

     The new law, by the way, was the 1994 Republican answer put forward by Bob Dole as I understand it.

     My preference is for single payer, and it always has been.  I'm not thrilled by either of these Republican answers; but of the two, the 1994 answer actually sounds somewhat more humane, doesn't it?

     I find it somewhat distressing to think of Bob Dole, by the way, as a RINO, which is what I suspect Hannity would have to classify him for his 1994 plan.  Maybe Dole has changed his mind now, though; I have no idea.
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24 posted 04-04-2010 03:32 AM       View Profile for Denise   Edit/Delete Message      Find Poems  View IP for Denise

quote:
— States, by no later than 2014, must establish Small Business Health Options Programs (SHOPs), which will enable small businesses to pool their resources to buy insurance;

— Until the SHOPs are established, businesses with 10 or fewer full-time employees earning less than $25,000 on average will be eligible for a 35 percent tax credit; firms with up to 25 workers who average up to $50,000 will receive partial credits, while businesses with more than 25 workers will receive no credit;

— Those tax credits will remain steady at up to 50 percent of costs for the first two years any company buys insurance via state exchanges;


http://www.foxnews.com/story/0,2933,589826,00.html

Not necessarily Grinch. I must have heard the commentator talking about the two year limit on tax credits once the SHOPs are created by 2014.
 
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