Visit the Archives for U.S. Politics Online -- U.S. Politics Online . net
Huge amounts of income have been transferred from lower income brackets to corporate profits. When the lower income brackets spend less ... 70% of the economy have less (small business).
So you tax less and consumption doesn't increase ... no benefit. Thats why extended unemployment gets offered ... it will feed spending ... where as a higher income getting lower taxes won't.
Given the lack of manufacturing base ... spurring anything is marginal and some more marginal then others.
So business doesn't grow ... no consumption ... what then? Bitch and complain? It's a pitiful economic model where you became an importer and lost the ability to consume by exporting the growth factor to your economy.
So here we go back to FDR because there were to many tools used to chop into consumption ... illegal immigrants, H1B, Outsourcing, and offshoring.
Low taxes no longer matter ... any benefit from them to spur growth is gone.
“If we open up our borders … we could suppress wages of middle class jobs” – Alan GreenspanWe need to suppress the wage levels of the skilled. We need to suppress wages in comparison to the “lesser skilled ” - Alan Greenspan
So, is it correct as I heard on the radio today, that this is biggest tax increase since Ronald Reagan in 1982?
But it's not as big as Clinton's tax hike.....
Wow, seems like there's a lot of mud to sling there
ObamaCare is the new Edsel. Three years of planning and lies for a lemon.
All good socialists have villas in Southern France. That's not the point.
Furthermore--Obama was out there TODAY threatening to raise taxes on corporations--aka business in this country. In return--they have tucked in like a turtle and are waiting for the threat to leave. They've been waiting for 2-1/2 years now.
When Democrats start talking about raising taxes on the rich--the middle class needs to run for cover. Fred Thompson.
So he's doing it again because he is in deep kim-chee with his base. Will they be FOOLED again--because everyone knows it's dead on arrival in both the house and the senate--No one is going to raise anyone's taxes in this economy.
Watch it here:
Obama: "The LAST THING We Want to Do Is Raise Taxes During a Recession" - YouTube
B]O[/B]ne Big Ass Mistake America
Last edited by Jefe; 09-20-2011 at 05:05 AM. Reason: Removed unrelated, off topic attachment
President Obama is getting the same advice they got, and Reagan's own economic advisers agree that taxes should go up modestly for the uber wealthy.
No one resents rich people, even if teabagging weirdos want to try to make moderates and liberals out to be haters of the rich, but that's just a projection from teabagging weirdos.
Everything that Obama said in that speech yesterday was common sense to everyone except about a third to 40% of those on the right who are now so far gone that they don't realize their argument holds no water.
Obama laid things out pretty clear yesterday. He'll win if the Republican candidate is having to defend billionaires all next year, just watch.
A is A
A is A
Last edited by Sluggo; 09-20-2011 at 04:33 AM.
- Frustrated Independent
"They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety." - Benjamin Franklin
"Every time something really bad happens, people cry out for safety, and the government answers by taking rights away from good people.” - Penn Jillette amazingly enough, and I agree.