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Republicans are saying that the best way to recovery is to let hard working Americans keep MORE of their income.
Obama is saying that the collapse of the US economy in IMMINENT and the Porkulus bill MUST be passed NOW or we face UTTER CATASTROPHE.
Who is the Chicken Little?
From which we will not be able to recover! Obama "But I can tell you with complete confidence that endless delay or paralysis in Washington in the face of this crisis will bring only deepening disaster." "a national catastrophe"!
As Nancy Pelosi said "every week that goes by without signing this bill over 500 million Americans lose their jobs". 500 million? 50 million? 5 million? 500,000? 50,000? 5,000? Who knows what she meant?
after 6 or more years of trying to talk down a strong economy, the left suddenly finds it convenient to commence gibbering and bleating about 'chicken littles.'
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Obama is saying that the collapse of the US economy in IMMINENT and the Porkulus bill MUST be passed NOW or we face UTTER CATASTROPHE.
The economy is headed for outright Depression. That is a stone cold fact.
Is it? Not even the smartest minds can tell us what will happen for sure. In fact, and I am just throwing this out there to make my point, some right-wingers on the tube even say it's a possibility the recession might have actually already ended, and that Obama just wanted to pass a progressive bill while taking the credit for what would have been eventual recovery with or without the stimulus. So, which is it? I say we are still in a recession, personally. The stimulis will help some, we will pull out in a few years, and we will have laid the groundwork for a more progressive nation. Am I sure? No. We could go deeper down. But I am hopeful.
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Obama is already laying the ground work for his own personal military.
some right-wingers on the tube even say it's a possibility the recession might have actually already ended, and that Obama just wanted to pass a progressive bill while taking the credit for what would have been eventual recovery with or without the stimulus.
It would really be ironic if this is true, and the so called stimulus bill ends up killing the recovery!
Tax cuts do create jobs. It's as simple as 1 + 1 = 2. Braindead stuff.
Where do most jobs come from?
They come from small businesses and more come from those same businesses as they grow.
If the person who's building that business is being tagged with big taxes, that plus overhead and other expenses cut into the profit - which is where the take home cash is.
If that profit is shrunken by taxes then the owner has trouble expanding his business by hiring employees. Perhaps he could hire an employee but then only at lower pay and on a limited basis such as part-time.
If a small business owner needs to expand buy machinery and other equipment, heavy tax imposed on him can prevent his making that purchase. But if he were to purchase let's say special computer systems from a software firm, that software firm makes money and consequently that money adds to their bottom line which makes it possible to create more jobs or pay employees more.
Small businesses don't start out making millions of dollars. They start from nothing and progress. So yes, tax cuts help small businesses. I know because I own a small business and work with small business owners every day.
Tax cuts work quite well when the economy is not in the toilet.. At this point, most consumers are saving, not spending, therefore tax cuts would be rather ineffective.
However, it would seem that Obama and the Democrats are playing the 'sky is falling!' game, as he even used 'national catastrophe' in his address about the stimulus....
...But then again, if the stimulus fails, the Republicans will be blamed, so I see no point in arguing about it..
From which we will not be able to recover! Obama "But I can tell you with complete confidence that endless delay or paralysis in Washington in the face of this crisis will bring only deepening disaster." "a national catastrophe"!
As Nancy Pelosi said "every week that goes by without signing this bill over 500 million Americans lose their jobs". 500 million? 50 million? 5 million? 500,000? 50,000? 5,000? Who knows what she meant?
Only if "hard working" means the top 1% of earners. Anyway, tax cuts don't create new and sustainable jobs. They didn't over the last 8 years.
Well, somebody has been working and making money over the past eight years. Otherwise, the current rise in unemployment and the downturn in the equtiies markets wouldn't be making so much news.
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