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1)We already have seen that tax cuts for the rich don't spur job growth. Typically, they do not invest the money in hiring. Why should they? If they are given more money, they simply are more apt to invest it in the finance sector and have a higher rate of return than expand their business. We see the pattern of outsourcing to China, and investing the money saved from taxes abroad.
2) We know that deregulation doesn't lead to more jobs or increased consumer demands. We have the New Zealand experiment in the 1980s (deregulation of markets led to a massive spike in unemployment and and increased disparities between rich and poor). We also have seen what deregulation has done in the financial sector.
3) lol at the social issues. It's funny how the modern conservative movement is extremely adamant about jobs, but are pushing social issues heavier than their plan to revive the economy.
4) We should focus on repairing infrastructure. The largest sectors of the economy that have been in the blue collar. Essentially, we need to put them back to work. Not to mention our infrastructure is crumbling. For example, the army corps of engineers expects another Katrina type levee failure in California near Sacramento.
Our experiment in creating an extremely rich class and a middle class that is dependent on credit should come to an end. We know the outcomes of too much deregulation (or poor regulation) as well as ridiculous tax cuts for those that truly do not need it.
If NJ would cut my $7,500 property tax bill on my modest home to, lets say, a still generous $3,000, I would certainly put a good chunk of that cash back into the economy.
NJ's political establishment doesn't understand that philosophy, unfortunately.
Well take the 1.2 trillion that the top 412 people in the country are worth and redistribute...yeah I said redistribute to the middle class. Depending on your definition of the middle class that would mean anywhere from 3,000 to 12,000 per person to spend. That would stimulate demand. We could leave the top 412 some money..maybe a few million a piece.
Hey you asked and this would definitly stimulate spending, which would stimulate demand. Unlike the stimulus package that went to the banks who are still sitting on the money, this would go to people who would actually put it in the system. The only condition that would be put on the money is that it could not be used to pay off debt, which of course has no affect on demand.
So stealing from people who have committed no crimes and are citizens of the US is your idea?
If you stole that money and gave the $4,000 per person out, it would be gone in a month or two. That would be completely useless and very short term. The robbery of US citizens who create wealth, however, would have a long lasting negative effect. So when that "$1.2 trillion" is gone, do you just move on to the next income group and steal thier money too?
"The problem with socialism is that eventually you run out of other people's money." - Margaret Thatcher.
I know this forum is full of right wingers so I'd like to know what your solution is to increase consumer demand.
What would increase consumer demand right now?
GOOD paying jobs.
Repugs think having everyone (but them) work for minimum wage and all the money going to their ONLY god, wealthiest 2% of the population, will somehow stimulate the economy....but if no one has money for anything but the merest basics, it won't . They hate the middle class and can't see that destroying it will not help the economy and if THEY aren't in the upper 2% they'll be screwed , too...
I know this forum is full of right wingers so I'd like to know what your solution is to increase consumer demand.
A loaded post with no true solution as to a choice only your kool-aid opinion of conservatives.
1.Cut the high corporate taxes
2.Cut the EPA's power to regulate
3.Its about jobs... how can you consume if you have no money?
Obama talks about energy but kills anything that is cheap and working like coal,natural gas or drilling for our own oil which would create tens of thousand of jobs here now. Nuclear energy is the cheapest cleanest form he has talked the talk now walk the walk and lets put people to work.
Consumer demand will increase when consumers have more money, or feel more "wealthy".
1. tax cuts for citizens
2. tax cuts for corporations and reduced regulations such that corporations have more money and incentives to hire.
3. cutting the deficits- the spectre of the debt is weighing on consumer confidence, as the possibility of further currency devaluation or inflations looms
4. repeal Obamacare- buisnesses are uncertain as to what the increased expenses are going to do to the bottom line, thus reluctance to hire.
5. expand domestic coal, oil, nuclear, and alternative fuels. The expansion of energy exploration will have the dual effect of increasing employment AND lowering energy costs to buisness and consumers.
6. Lift the Gulf ban on drilling and allow more refineries to be built- again, more direct jobs are created, but lower energy prices will put more money in the hands of consumers and buisness
7. Limit class action suits- this is an additional cost to buisness which drives up the cost of doing buisness in the US, thus less available funds for expansion.
Basically doing the opposite of what Obama has done would be a great start. Obama has clearly demonstrated the flawed tenents of Keynesian economics and has been a bitter lesson for the nation. Perhaps next time everyone can read some history such that we do not have to endure another Obama in the future. I am not sure that the nation can survive another four years of Obama.
1- Since 2001
2- Since 2001
3- Deficits? Non issue in 2001.
4- Businesses were adding jobs until 2009?
5- Numbers please. How were those areas doing until 2009 and how does the present compare to then?
6- Is there a restriction on building refineries? There is no ban on drilling in the gulf, just deep water drilling. How much impact does that have in reality? Would it more than make up for the losses from the BP Oil spill disaster?
7- Thirty eight states have such laws in the books. Helping? You tell me. Besides, do you think states shouldn't be allowed to have their own laws but a federal law should control what goes on in that regard?
So, how was economy doing in 2002, 2003, 2004, 2005 and 2008? Great? How was it doing in 2006 and 2007? You want more of THAT?
I know this forum is full of right wingers so I'd like to know what your solution is to increase consumer demand.
None of the answers you provided would do much to increase consumer demand. The best choice is the last one, infrastructure stimulus, but I could do without your comments about Reaganomics. Different problems call for different solutions.
Stimulus gets a bad name because what the U.S. Congress considers "stimulus" is a bunch of bullsh*t. They print money, give a huge chunk of it to the financial sector, which drives up the cost of concrete, asphalt, steel, etc. Rising material prices cancel out whatever tiny bit of the stimulus that they had allocated towards "infrastructure" in the first place.
A loaded post with no true solution as to a choice only your kool-aid opinion of conservatives.
1.Cut the high corporate taxes
2.Cut the EPA's power to regulate
3.Its about jobs... how can you consume if you have no money?
Obama talks about energy but kills anything that is cheap and working like coal,natural gas or drilling for our own oil which would create tens of thousand of jobs here now. Nuclear energy is the cheapest cleanest form he has talked the talk now walk the walk and lets put people to work.
The Chinese have implemented your plan.
1- They don't have high statutory corporate tax rate (effective tax rates are a different story).
2- They love their non-existence of EPA. People also get to enjoy some really colorful rivers and awesome sunrise. On the bright side, there is little use for sunblock and more consumers for breathing masks.
3- It is why America is key to their economy.
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