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We are in recovery. Slow, agonizingly so, but it's happening. Our economy has been so damaged in the last 4 years that hoping for a quick recovery is, to put it bluntly, pie in the sky.
Note about the author: Stephen J. Rose is a Research Professor at Georgetown University and author of Rebound: Why America Will Emerge Stronger From The Financial Crisis
Four reasons why the economy will roar back to life.
Do a thought experiment: Think back a year ago to what most analysts were predicting for the financial sector and for the state of the economy. In his newspaper column, Paul Krugman repeatedly warned that the policies adopted by the Bush and Obama administrations would have dire consequences. There was talk in other corners about no new business lending, slumping retail sales, and rising unemployment with no end in sight.
The economy will come back because it always comes back. The real question is how far it will come back, and what are the effects of Washington's policies on recovery.
The economy will come back because it always comes back. The real question is how far it will come back, and what are the effects of Washington's policies on recovery.
Frankly, I think Gvt' should now be concentrating on reducing the deficit/debt.
If this means we have to raise taxes as well, then so be it. Somebody needs to make the tough decisions.
There is enough waste in Government that cutting budgets should be possible without much pain. Find the redundancies (and I'm sure there are lots, it's government after all.) and eliminate them.
Frankly, I think Gvt' should now be concentrating on reducing the deficit/debt.
If this means we have to raise taxes as well, then so be it. Somebody needs to make the tough decisions.
There is enough waste in Government that cutting budgets should be possible without much pain. Find the redundancies (and I'm sure there are lots, it's government after all.) and eliminate them.
I am not sure I agree with that combinations of solutions. Hoover tried just that and it didn't work out too well. I do think cutting spending is the answer along with cuts in capital gains taxes and business taxes.
I am not sure I agree with that combinations of solutions. Hoover tried just that and it didn't work out too well. I do think cutting spending is the answer along with cuts in capital gains taxes and business taxes.
I agree with lowering the capital gains and business taxes.
Also, tax incentives for business who are hiring. We aso need to make it more attractive to bring manufacturing jobs back to the US. When unemployment numbers a low, people have money to circulate back into the economy.
We are in recovery. Slow, agonizingly so, but it's happening. Our economy has been so damaged in the last 4 years that hoping for a quick recovery is, to put it bluntly, pie in the sky.
Note about the author: Stephen J. Rose is a Research Professor at Georgetown University and author of Rebound: Why America Will Emerge Stronger From The Financial Crisis
Four reasons why the economy will roar back to life.
Do a thought experiment: Think back a year ago to what most analysts were predicting for the financial sector and for the state of the economy. In his newspaper column, Paul Krugman repeatedly warned that the policies adopted by the Bush and Obama administrations would have dire consequences. There was talk in other corners about no new business lending, slumping retail sales, and rising unemployment with no end in sight.
Have you seen an administration since Reagan, even he spent too much, stop the spending? You just can't see the forest for the trees and want to pin the blame on just the idiot Bush. We have been supporting these insane entitlement programs for decades now and your pets Freddie and Fannie were instrumental in bringing down the house and they are still in trouble and still being funded. This administration VP included conduct themselves like children and spend far too much energy blaming every one for their lack of clear plan. We won't have a roaring economy as long as we do not honestly address what causes the problem. You will not gain private sector jobs as long as they fear being taxed to death. Housing will not recover until we have private sector jobs growing.
Have you seen an administration since Reagan, even he spent too much, stop the spending? You just can't see the forest for the trees and want to pin the blame on just the idiot Bush. We have been supporting these insane entitlement programs for decades now and your pets Freddie and Fannie were instrumental in bringing down the house and they are still in trouble and still being funded. This administration VP included conduct themselves like children and spend far too much energy blaming every one for their lack of clear plan. We won't have a roaring economy as long as we do not honestly address what causes the problem. You will not gain private sector jobs as long as they fear being taxed to death. Housing will not recover until we have private sector jobs growing.
I don't "just blame Bush" It goes back farther than that. The Gramm-Leach-Bliley Act was signed into law by President Clinton, and that allowed banks to trade in investments. The problem with blaming this recession solely on OBAMA is, that it was well under way before 2009.
I agree with lowering the capital gains and business taxes.
Also, tax incentives for business who are hiring. We aso need to make it more attractive to bring manufacturing jobs back to the US. When unemployment numbers a low, people have money to circulate back into the economy.
We also need to overhaul income tax.
What are your thoughts on the fair tax?
I agree with a tax overhaul, dislike Fair Tax. I'd go with a relatively flat tax, say something like 15% on all income (including social security), with an exclusion of 15K for single folks and 30K for married couples (plus a $5K per dependent exemption).
I agree with lowering the capital gains and business taxes.
Also, tax incentives for business who are hiring. We aso need to make it more attractive to bring manufacturing jobs back to the US. When unemployment numbers a low, people have money to circulate back into the economy.
We also need to overhaul income tax.
What are your thoughts on the fair tax?
I am all for it, although it has no chance of becoming reality.
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