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Old 11-08-2010, 10:17 AM
 
62 posts, read 47,411 times
Reputation: 22

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Quote:
Originally Posted by sanrene View Post
Your premise is defective.

There are no tax cuts on the table, just a discussion of keeping the CURRENT rates as they are. It is between the status quo and RAISING taxes.

The current tax rates have been in place for almost a decade, but still the Left thinks of that money as somehow belonging to the government and just on "loan" to the taxpayer. They have it completely a** backwards.
Its $700B over ten years that the Repub's want to make permanent. Thats $700B that could pay down the deficit and the rich are not going to put anymore money into the economy whether they get the tax break or not. Its the Repub's paying back who got them there in the first place.
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Old 11-08-2010, 10:22 AM
 
Location: Houston, Tx
3,644 posts, read 6,304,611 times
Reputation: 1633
Quote:
Originally Posted by desertdetroiter View Post
The first sentence is laughable. If the Bush Tax cuts worked, why did the economy take a dump in his last few months in office?

The second sentence might be the most un-American thing i've ever heard. People actually cheerleading the fact that manufacturing jobs are leaving the country....and having more allegiance to the "world economy" than the economy of their own country. Economic Traitors.
The Democrats controlled congress for Bush's last two years in office. As to why the economy 'took a dump' in the last few months, there were many reason; Barny Frank's Housing Bubble is the main one.
I'm not cheerleading jobs leaving the US. I'm just pointing out that hte golbal economy is working exactly like it is supposed to. Jobs will go to the place where costs of production are cheapest. If government in the US makes the cost of producing things here high (through minimum wage aws, pro-union laws, higher taxes, etc.) then jobs will leave. To get those jobs back you have to remove those extra costs to doing business. Far better to make new jobs that do not have direct competetion from overseas. Our scientific and engineering jobs are compedative with jobs overseas even with hte heavy business tax burden in this country... for now.

Quote:
Originally Posted by Tundra Boy View Post
Jobs will be created when money starts being spent. Money will be spent when consumer confidence returns. Consumer confidence will return once government understands that the less 'fixing' and 'meddling' they do, the faster it will happen. The economy is in a correcting phase, it needs no help, except for the government to stay out of the way (and return tax money to the people it belongs to, yes even the rich).

Regards,
TB
Well said.

Quote:
Originally Posted by wade52 View Post
Another round of tax cuts and trickle down. Just what the economy needs. Worked so well from 2001 - 2008.
It did work well from 2001-2006, despite a two-front war. Once the Dems got back in charge in 2007 things started to go downhill, as they always do.
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Old 11-08-2010, 05:45 PM
 
Location: New Mexico
8,396 posts, read 9,441,352 times
Reputation: 4070
Quote:
Originally Posted by rogerbacon View Post


It did work well from 2001-2006, despite a two-front war. Once the Dems got back in charge in 2007 things started to go downhill, as they always do.

The downhill slide had started well before 2007. The crash was the result of the false prosperity of the housing/derivative bubble put in place through deregulation. The effects took years to become apparent. But the loss of jobs to China and India was well underway years before 2007 and underemployment was a growing concern long before the economy fell off the cliff in 2008.
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Old 11-08-2010, 06:00 PM
 
Location: Midwest
38,496 posts, read 25,811,747 times
Reputation: 10789
Quote:
Originally Posted by Tundra Boy View Post
Jobs will be created when money starts being spent. Money will be spent when consumer confidence returns. Consumer confidence will return once government understands that the less 'fixing' and 'meddling' they do, the faster it will happen. The economy is in a correcting phase, it needs no help, except for the government to stay out of the way (and return tax money to the people it belongs to, yes even the rich).



Regards,
TB

I cannot wait to spend my paycheck at Walmart where everything is imported from China! I help create jobs in China and get some good deals for my money!

The wealthy, they spend their money traveling in other countries.
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