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While President Obama and Congress tell us we must go trillions more into debt, have the government take over our banks and mortgage markets to avoid an economic apocalypse, they are really forcing Americans to make false choices.
"Rather than spending trillions on more make-work municipal jobs and a host of pork projects, the Obama administration should institute massive tax cuts to the middle class and small business owners to jump start their desire and means to innovate and grow our economy."
For the umpteenth time, the problem isn't supply, the problem is demand. You can cut taxes to small business to zero but that isn't going to change the fact that a, small business can't get loans to by materials, and supplies, and b. nobody is buying their products regardless.
Second a tax cut doesn't do you a hell of a lot of good if you don't have a damned income because you don't have a damned job to begin with. Alternately, in the case of folks who still have jobs, the money from an tax cut gets put away with the other money that they aren't spending.
"Rather than spending trillions on more make-work municipal jobs and a host of pork projects, the Obama administration should institute massive tax cuts to the middle class and small business owners to jump start their desire and means to innovate and grow our economy."
For the umpteenth time, the problem isn't supply, the problem is demand. You can cut taxes to small business to zero but that isn't going to change the fact that a, small business can't get loans to by materials, and supplies, and b. nobody is buying their products regardless.
There is not a shortgage of capital, there is a shortage of borrowers. That is why the stock market is tanking.
Second a tax cut doesn't do you a hell of a lot of good if you don't have a damned income because you don't have a damned job to begin with. Alternately, in the case of folks who still have jobs, the money from an tax cut gets put away with the other money that they aren't spending.
Zeeeeeeeeeezus!
One of the primary concerns lenders have is that borrowers do not/will not have enough free cash flow to pay them back as taxes skyrocket. If the govt. were to cut taxes, this would free up cashflow to repay lenders.
One of the primary concerns lenders have is that borrowers do not/will not have enough free cash flow to pay them back as taxes skyrocket. If the govt. were to cut taxes, this would free up cashflow to repay lenders.
Really? Whose taxes are "skyrocketing?" 95% of Americans are getting a tax cut. The only people not getting a tax cut are not ones who have to worry about getting a job.
Ovcatto is right. You, on the other hand, are spouting GOP talking points.
One of the primary concerns lenders have is that borrowers do not/will not have enough free cash flow to pay them back as taxes skyrocket. If the govt. were to cut taxes, this would free up cashflow to repay lenders.
Did you just make that up to fit today's argument?
The flow of credit ceased to flow long before the election. Nice try, but if that were the case there would have been no need for Bush's bailout of the financial markets.
While President Obama and Congress tell us we must go trillions more into debt, have the government take over our banks and mortgage markets to avoid an economic apocalypse, they are really forcing Americans to make false choices.
In the mind of Obama and his supporters, Communism is the only choice. A nation where the government controls everything, the government owns the banks and all industry, the government distributes wealth as it wishes.
There is no other choice to them. Private investment and enterprise is very bad because some people get richer than others that way. To Obama and his people, someone working very hard, investing his earnings to have a better life is out-and-out greed and they will put an end to that.
In the mind of Obama and his supporters, Communism is the only choice. A nation where the government controls everything, the government owns the banks and all industry, the government distributes wealth as it wishes.
There is no other choice to them. Private investment and enterprise is very bad because some people get richer than others that way. To Obama and his people, someone working very hard, investing his earnings to have a better life is out-and-out greed and they will put an end to that.
Why yes of course... throughout the history of the Marxist countries the government rushed in to bailout private investment firms. In fact in Lenin's seminal piece "What Is To Be Done" Lenin called for the Gosudarstvenny Bank to flood both the failing Peasants' Land Bank the Nobility Bank a massive injection of public funds.
One of the primary concerns lenders have is that borrowers do not/will not have enough free cash flow to pay them back as taxes skyrocket. If the govt. were to cut taxes, this would free up cashflow to repay lenders.
There are various reasonable concerns that lenders might have in mind today, but THIS IS NOT FREAKING ONE OF THEM!!!
It would be reasonable to be concerned that a consumer might soon lose his job. It would be reasonable to be concerned that a business might soon fail. It would be reasonable to be concerned that the value of a home might soon fall below the value of its mortgage. It would be reasonable to be concerned over chances of selling off a new note and thus recapitalizing. It would be completely ridiculous to be concerned that borrowers are about to have all their income taxed away.
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