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OK Obama says you grow the economy from the bottom up, this is a Utopian idea, you can not do that for the main reason that the bottom doesn't have any money. This is why Obama wants to take from the rich and give to the poor it's the only way the plan can work.
It's just foolish to think that the poor are going to create JOBS (that 3 letter word)
Almost every business I can think of started out small by people with little money. Google, HP, Apple etc all started in garages not with big money. Now at some point they did get investors, but the money was pretty modest and given by people they knew personally.
So you can call it Utopian, but its how the vast majority of businesses get started in this country. They almost always start with people with no money (they are usually students) and once they put a lot of sweat into the idea they find some people to put money into the idea to take it to the next step.
The investors forking out the money are passive though, they aren't creating the business. They just want to realize a massive return when the business becomes successful. Obama's proposed tax changes is not going to change the flow of venture capital and credit and it may help the people that actually create business to do so. Although, I don't think either candidate is supporting ideas that would really help people with start-ups. Most start-ups have no income, no employees etc, so a reduction in taxes isn't going to do a thing. You need tax credits and things of that nature.
So, reality is rather opposite of what you seem to be suggesting. Big money has shown itself to be fat and lazy, they don't innovate and they haven't created some of Today's top companies. Having money doesn't make you smart nor does it make you have good ideas.
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Originally Posted by Davart
Honestly, Obama/Biden seem like nice enough people but to think that they have a clue about the economy it just nuts, now I'm not says MCCain/Palin know anymore BUT ... I have more faith in McCain to listen to those that do, I don't think Obama has that ability.
Obama's economic advisers are much more well respected than McCains. McCain has shown that he not only knows nothing about economics but can't pick out the people that do.
And,,,matter of fact...It is the middle class who buys the products manufactured by the wealthy people's business...If we don't have money to fuel their business, buy their products,,,then what? The middle class has to be stable for the economy to flourish at all ends. WE are the consumer...We are the people who will be making ends meet to buy Christmas presents...The wealthy are the wealthy and never struggle. They are a minority in this country...
The wealthy business needs the stuggling middle class to buy their stuff. At this point we can not do that...The consumer needs to be finacially stablized so this economy can work.
Obama doesn't have much to work with, because Bush has more than doubled the National Debt, but at least he will turn OFF the cash spigots that Bush turned ON for the useless war, tax cuts for the wealthy and corporations who outsource American jobs, for CEOs who plunder their companies then get golden parachutes and handouts from the taxpayers, at least he will stop the bleeding before the US is a bloodless corpse.
Get a job. That's absolutely fantastic advice for our elderly that don't know how they will pay for heat this winter. I'm sure the increasing number of children who live in poverty will agree with you wholeheartedly. Those who aren't as blessed as you, and have intellectual or psychiatric impairments will also amazingly be able to land that good job that allows them to live a life of prosperity and dignity due to your insight. One of the 46,000 who are uninsured and are suffering from a physical illness that has drained them of every last penny will suddenly be healed and able to heed your advice...Get a job? Why don't you try and get a clue?
The Conservatives fight anything given to welfare, but dont mind it when CEOs get 44 million a year to run it into the ground. Now the Bush/Cheny/Paulson communist states of America will go into the auto business, everybody gets some of their debt too because the CEOs were stupid and keep making gas guzzlers, all the while they get paid 400 time the factory worker does.
It's ALWAYS been the Republican mantra to end anything that benefits the working class, and one completely successful example is Social Security, which the neocons would have destroyed if they could.
That marked a real low point in American politics, an idiot reelected in 2004 and then he tours the country trying to destroy one of the last institutions that actually helps Americans
Bush and McCain absolutely salivate at the thought of privatizing Social Security, and handing the money to the banks and brokerage firms to manipulate as they please. They completely support an American plutocracy, and have absolutely no concern whatsoever for the ordinary working man in America. That's why it's so funny to see Bush trying to look concerned as he looks out of a plane window at the Katrina victims, because he's trying hard to suppress a chuckle - the rich abhor the 'common American'.
I fail to see how fi tehy pay 90% of taxes the rich are on welfare. Maybe we should just reverse the tax tables per centages.
No, just end the extra tax cut that Bush gave the wealthy, and go back to what is was under Clinton. Don't worry, the rich still have plenty of tax loopholes.
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