US Auto industry posting highest sales since 2007! Congratulations President Obama!

So sad Mittens, Republicans, Fox News, WSJ, Limbaugh and all the right wing media who were dead wrong on the auto industry bailout and railed against it for at least a year! This was a huge victory for American workers and I'm sorry that the Republican party is so dead set to see the American worker fail.

Why doesn't a large percentage of America know that the POTUS has cut taxes? Perhaps it's because they watch Fox News and the local News channels owned by Fox. There's now way in hell that Fox News and their affilIates will EVER tell their audience that the POTUS has cut taxes! Your problem is that you guys always treat Fox like a real news source when in fact they are a fake news source akin to the Weekly World News and you refuse to admit it.

Hopefully, with the situation in the U.K. and the investigations here in America, News Corp will start to fall and you all will get the nerve to stand up to them and your advertisers.

All the money pouring into GOP Super Pacs only proves the point that the super rich would rather buy our government and run it their way than hire more people and pay their fair share to actually help improve the American economy.

Each time I hear another GOP/Con mouth the same tiredest of talking points, namely, "You don't raise taxes on the 'job creators' during a recession, ZOMG!!!", I wonder why one of you ostensibly brilliant interviewer/host types does not respond in a similar manner to the following.

Maybe these sainted "job creators" should spend down some of the ~$2Trillion they have socked away in the bank and demonstrate a willingness to hire more workers at living/family levels of wages/benefits and "inshore" some of the work they have outshored.

Afterwards, maybe then the American people might be willing to re-institute another huge break for them. Until then, no way. It's not like they are going to return the Trillion$ they have extracted from our economy at our expense and that of our children, and THEN ask us to share in the "sacrifice". We didn't get to share in the profit, remember? Why should we have to share in the sacrifice? Ask me again AFTER the wealthy have had to "sacrifice". Heck, while you are at it, remind me when they have EVER sacrificed. Anyone...? Bueller...? I didn't think so.

Maybe not the Bush tax cuts again. Personally, I wouldn't be that opposed to specifically targeted tax cuts for actual employers who hire new employees without laying off old employees, or give their existing or new employees increased wages and/or benefits. (And useful investment in R&D, etc. that leads to increased employment.) Right now, lasting until the economy improves. But no more Bush Tax Cut for the wealthy just for being wealthy. It has only resulted in more wealth being consolidated into the possession of fewer individuals.

The intended result behind the tax cuts was to cause the creation of jobs. That did not happen. Matter of fact, the opposite happened, and businesses actually systematically destroyed our economy to the tune of seven million jobs. But the wealthy typically stashed away in the bank the money they did not pay in taxes, bet it against the dollar, or invested overseas, or all three.

Obviously those cuts did not work to create jobs, don't the 7 million or so jobs lost under GWB prove that? These same "job creators" have taken advantage of the steadily increasing productivity of American workers over the last 40 years for their own profits only, rather than increasing the real wages of those workers commensurately.

At present, these "job creators" have about two trillion dollars in the bank. If they thought they could make a profit, they would invest it in a second. But the demand is not there. Typically, our economy is 70% driven by consumer spending, and thanks to "job creators", or more accurately, for decades, "job destroyers", per doublespeak/doublethink as so chillingly predicted by Orwell, those consumers aren't spending enough to even maintain demand, much less increase it.

Consumers can't afford to spend, so that knocks the stuffing out of the demand side of the equation dictating the growth of our economy. At present these "job creators" have ditched as many employees as possible, thus fueling their massively high profits, when combined with the increased productivity of those remaining workers. If there was sufficient demand, they would even do the unthinkable, and hire new employees, if there was profit to be made. But there is NO DEMAND.

Uncertainty is NOT the problem, lack of demand is the problem. BTW, Australia pays a minimum wage of $15.86 AUD/hr. which converts to about $16.02 per hour in good old USD. You would probably need a microscope to check their unemployment rate, so don't bother arguing about how a higher minimum wage leads to more unemployment.

We don't need to give out any more tax breaks for the wealthy, what we do need is an ongoing and continuous infrastructure improvement and upgrade program, including nationwide smart power grid, WAN, and efficiency improvements. It should be initiated publicly, but executed privately, or by public-private partnerships.

We also need a major reform/repair/upgrade or all out replacement of our educational system, which should be at the heart of our nation's intellectual development (and development of intellectual property), technological innovation and integration of the 'education to industry pipeline', channeling intellectual innovation into actual new ideas, products, services, business, industries and jobs, which has not fully been realized to its potential. But no spacetime to get into that now.

Whenever another pundit mouths the "We all have to share in the sacrifices" line, I always wonder why we should share in the sacrifices when we haven't shared in the profit, the cream of the crop, the fat of the land, the fruit of our own labor? Almost all of the increased wealth from worker productivity over the last forty years has been consolidated in the hands of fewer and fewer individuals and families rather than those who actually created it.

The Bush Tax Cuts consisted of nothing more or less than a direct transfer of wealth to the wealthiest people in the country, the ones who have received by far the lion's share of all benefit from workers' increasing productivity over the last forty years, the one single special interest group that needs the least help financially. The group that should be providing the most help to others, is having the wealth redistributed to them instead.

That transfer was made at the expense of our country's current debt and the long term deficit owed by the US Gov't and passed on to our kids in the future. This seems to be hitting what's left of our basic social safety net the worst, negatively impacting those who need help the most, and those who are struggling to help them.

This has to stop, at least until we can implement a mechanism to begin compensating all of those who labor in a fair way for the work they do. And potentially at some point, maybe we can begin to effectively mitigate some of the most negative effects of our current travesty of a system on those who have the least money and power.

hwyst4r

This can only be seen as a good thing imho. So too can the storms rolling in, even if their timing's more inconvenient.

I think the only "mistake" Obama made in his speech is specifically citing the number of jobs created under Clinton. He should've seen the chances Republicans will likely take on that (25+ mil under Clinton, 4.4 mil under Obama) and try to paint him as inferior. Of course, that's the fault of Republicans in the House and Senate, not really Obama, and he could've done good to mention that as well in the speech. But meh, this is just one dude's opinion.

Despite that tho, very effective speech. Can't wait to see the debates x3.

When did tax cuts ever work? Never in my lifetime & I am old.

Makes me wonder why the GOP want to keep the "W" tax cuts.

In the interest of accuracy...

The reason Robert Gibbs had all this "secret" information on Mitt Romney is because Mitt Romney fully disclosed it in his tax return...

Ross Perot was the richest Presidential candidate in history: Mitt Romney is worth 250 million, Perot was worth[when he ran] 3 BILLION dollars...

Yes, Obama also has [like every other dictator in history] a Swiss bank account...

Oh yes...I forgot...75% of the General Motors "American" jobs went to CHINA...HA! HA!