Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
And still ... there are those saying that the recession is ending ..
For a decade we judged the economy on "housing starts" until we suddenly got slapped in the head by the fact that there were more houses than qualified buyers. The same for Autos and appliances. If manufacturing is to make a comeback we need to create demand by getting clunkers off the market, autos, and appliances and putting construction workers to work on infrastructure
Like what? He has already tried to hand out stimulus money to create jobs, that didnt work well. Cutting taxes for businesses and hoping they just randomly hire workers is not going to do squat either.
There is nothing Obama can do to boost consumer confidence, which is a major fuel of the economy, and outside of outright paying employers to hire workers (which actually might be the only solution), he is not going to motivate businesses to hire workers, when businesses are busy squeezing record productivity from the reduced workforce.
Oh yeah we see how well hes doing with that stimulus there is so much fraud in that its not funny. Giving money to places to give raises not actually hire someone. Then hiring someone and then it actually being less then they reported
How about we try putting money in the hands of the people and see if they spend it.
Business will have to hire if people had more money in their paychecks. Business pay less taxes they have money to hire when customers come spending their tax cuts
What is playing baseketball, golfing or fund raising doing to help this country?
Unemployment is at 10.2% now LESS THAN ONE-YEAR into Obama's presidency....
I heard on the radio this morning that it's the highest since 1983...
So I got to thinking. Hmmmm, 1983, who was President then? None other than Conservative/Republican Hero Ronald Reagan....
So I got to thinking. Hmmm, well OBVIOUSLY that must mean that unemployment was HIGHER when he took over and it had been going DOWN for those three years since he'd taken office, right?
WRONG!!!
Reagan took over an economy in pretty bad shape in 1980 and unemployment continued to rise for THREE BLOODY YEARS before he turned it around!!!
Yet...... to you...... Reagan is an economic GOD?!!!!
Obama took over, arguably, a MUCH worse economic situation and the right wants to crucify him for worsening unemployment, even though he's been in office a third as long as Reagan was before HE turned it around!!!
How soon we must forget I guess....
Please don't embarrass them with facts. And whatever you do, don't mention that Reagan TRIPELED the national debt while he was in office. Not even Bush could match that kind of deficit spending, because he managed only to DOUBLE the debt.
Also, Reagan set the rates to 15%/28%/33%/28%, which is pretty much identical to what we have now. Also he INCREASED the lower bracket by 4%.
Exactly!
They'll probably just end up hoarding their tax savings and keep laying off people.
Reaganomics showed that the end result of cutting taxes on businesses and the wealthy equivalates in the rich hoarding more money. Its already been proven.
Exactly!
They'll probably just end up hoarding their tax savings and keep laying off people.
Tax savings are tied to INCREASED employment. Do you know the difference between having 1,000 people working this month, and 1,000 people working next month = NO TAXES BEING SAVED..
Please don't embarrass them with facts. And whatever you do, don't mention that Reagan TRIPELED the national debt while he was in office. Not even Bush could match that kind of deficit spending, because he managed only to DOUBLE the debt.
Actually, Congress spends money not the President.
Reaganomics showed that the end result of cutting taxes on businesses and the wealthy equivalates in the rich hoarding more money. Its already been proven.
Proven by who? The rich CANT "hoard" money, they HAVE to reinvest it because if they dont it depreciate. Do any of you guys have a darn clue about the time value of money and how "holding" money = LOSING IT?
Quote:
Originally Posted by Finn_Jarber
Please don't embarrass them with facts. And whatever you do, don't mention that Reagan TRIPELED the national debt while he was in office. Not even Bush could match that kind of deficit spending, because he managed only to DOUBLE the debt.
And Obama is doing what to it?
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Not even Bush could match that kind of deficit spending, because he managed only to DOUBLE the debt. 
