Everett Real Estate Takes Another Hit

Author: James A Johnson

Author: James A Johnson

$255,882.35 per job for the first year alone You say you want to buy Everett real estate, you say you want to sell Everett real estate? Well you cant do it without jobs. The Senate is going to take up another huge jobs creation bill later this month. This one is titled "Jobs for Main Street Act" and it costs $174,000,000,000. This is on top of the $787,000,000,000 economic recovery plan of nearly a year ago that was ineffective at producing jobs. That means we have or are going to spend $961,000,000,000. Just to have a 10.1% unemployment rate (or 17%+ depending on how you count it). That means we could have taken 25,000,000 unemployed people and just given then $38,440 each. They could have spent that money right back into our economy and that would have stimulated the economy right out of the recesssion. Heres what the Democrats claim this will do: tens of thousands of new construction jobs, 5,500 more police officers, 25,000 additional AmeriCorps members, 250,000 summer jobs for disadvantaged youth, 14,000 part-time jobs for parks and forestry workers. What they dont tell you is this. None of these make work jobs will have funding past the first year. After the first year the individual states will have to pay for these jobs. That means your state taxes will skyrocket. They claim they will create 680,000 jobs. Well lets see $174,000,000,000 divided by 680,000 equals $255,882.35 PER JOB. Everett real estate will not have a market because there will not be many buyers. "Why don't we just put everyone in the United States on the federal government payroll and call it a day?" counters Rep. Jerry Lewis, R-Calif. Here is more of the shell game Washington would like to foist over on you. A job-creating tax credit for small businesses has support among some Democrats in the Senate, even though critics fear it may be too complex to work. What they again dont tell you is this. First they tax all business, then they give a tax credit back to some businesses. But the credit is complex and of VERY limited use. You see here is the bureaucrats solution. We tax you then we give you back a portion your own money so you can hire someone. The credit is a one time thing but the tax if forever. Then over time we keep the tax and spend your money just where it helps the brueaucrats most - for reelection. So the market for Everett real estate and real estate in general who knows what will happen. Everett Mortgage on LineAbout the Author:

Jim Johnson E.A. retired; (Enrolled Agent, licensed to practice law in tax court) BS -19+ year experience as an independent loan officer. 15 years as an Enrolled Agent Licensed to Practice law in tax court, Real Estate Agent 15 years, BS Accounting, Economics University of Wisconsin - Milwaukee.

In 2009 I ran for mayor of Everett, WA I lost with 30% of the votes.

Currently I offer local political commentary in KSER Radio 90.7 FM every Wed at 9:05 AM.

Viet Nam Veteran

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