China February Auto Sales Rise 25% After Tax Cuts

Discussion in 'Politics' started by KMAN, Mar 11, 2009.

  1. KMAN
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    KMAN Senior Member

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  2. jillian
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    jillian Princess Supporting Member

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    cause they did such a good job for the last eight years... :cuckoo:
     
  3. xsited1
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    xsited1 Agent P

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    At least the Chinese Communist government knows how to stimulate their economy. Perhaps some of these Chinese government workers can provide consulting services for the Obama Administration on what works and what doesn't.
     
  4. American Horse
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    American Horse AKA "Mustang"

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    Considering The recession that President Bush started with at the beginning of his adminstration that he inherited from Clinton, Nine-Eleven, the cost of the war in Iraq, Katrina, the CRA, the way that Frank and Dodd and the rest of the Fannie Freaks and those who were then incentivized looted our economy, the tax cuts of the Bush administration were probably all that kept unemployment and at the same time interest rates low up until the bursting of the real estate bubble. And Pres Bush and a few Republicans tried to deal with that probability but were pushed back by the Dems every time. We're told that Bush deregulated but arguably his signing of Sarbanes Oxly, an onerous regulatory regime, was the most damaging legislation he signed into law.

    Time Magazine names the 25 who are most responsible. After Clinton and Bush, both of whom must share responsiblity (Clinton for ending Glass-Steagal by signing the Gramm-Leach-Bliley Act , and Bush for signing Sarbanes-Oxley) they (Time etal) go on to name financial wizards for all the rest, not even mentioning Frank or Dodd.

    And what naming only those (except for Clinton and Bush) people fails to take into account is what almost all liberals fail to take into account; the affects of incentives. The aim of creating incentives with regulatory (lack of regulatory) or tax polcies has always been to create or dampen incentives. We should not be surprised nor retreat into denial then when those incentives end up having their intended results.

    Here's a useful slide-show which explains the Financial Crisis without attaching partisan blame: The Crisis Of Credit Visualized

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    Last edited: Mar 11, 2009
  5. PoliticalChic
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    PoliticalChic Diamond Member

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    Let's see, Bush Tax Cuts = 52 Straight Months of Job Creation

    I guess you weren't too good at math, like 2 + 2 = 4

    Is that the 8 years you were referring to? I suppose that is why McCain was leading in the polls prior to the Democrat-caused meltdown.:

    IBDeditorials.com: Editorials, Political Cartoons, and Polls from Investor's Business Daily -- Let The Inquisition Start With Frank
    IBD editorial on Barney Frank

    Barney Frank, Chris Dodd, Fannie and Freddie
     
  6. jillian
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    jillian Princess Supporting Member

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    yah...if you want to work in WalMart. :clap2:

    How many times do people have to correct your misstatements? It's been done numerous times, yet you keep repeating the same lie. Learn that one from Goebbels?

    just more insults and insanity from PC... :cuckoo:
     
  7. cunclusion
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    cunclusion Member

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    I know everyone doesnt normally do this but did you actually read the Whole Article in which the following were included:

    China has halved retail taxes on small cars and drawn up plans to give out vehicle subsidies in rural areas to revive demand after auto sales rose at the slowest pace in a decade last year. Combined with the country’s wider 4 trillion yuan ($585 billion) economic stimulus package, the policies have caused General Motors Corp. to roughly double its forecast for China’s nationwide auto market growth this year.

    Not only were there tax cuts but there was also a stimulus package in which they spent money. Plus in case you didnt know China had been raising taxes especially on luxury goods some up to 20% that is not including the VAT which has a base percentage of 17%. So lets see they have had generous surpluses due to their high tax rate on luxury goods everything from golf clubs to automobiles. They have alot of room to lower taxes plus if you want someone to lower retail/sales tax you have to talk to your state(if they have one) and local for that.
     
  8. KMAN
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    KMAN Senior Member

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    just ignore jillian... she has no clue what she is saying and never provides and details for her smartass comments... she is here just to stir it up... she offers nothing to these boards
     
  9. American Horse
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    American Horse AKA "Mustang"

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    Jillian, do you really think there is something wrong with taking a job at Walmart? Why is that; the pay's good, the promotion prospects are good, the benefits and discounts good, the stores are conveniently located with practically everything you'd need to leave work for already there at the workplace. It's really not hard to see who is "right-on" here.

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    Last edited: Mar 11, 2009
  10. Sinatra
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    Sinatra Senior Member

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    The fact is, the China government has moved far more directly and successfully to combat their own recession, with a combination of tax cuts, and actual stimulus spending (unlike the Democrats' waste of hundreds of billions). Of course, this same Chinese government moves far more effic

    I saw a CNBC commentator/specialist yesterday stating that the United States may very well be pulled out of this recession by China and not vise-versa.

    My how times have changed...
     
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