DontBeStupid
Look it up!
DontBeStupid, what is it? Did the Stimulus that was huge "tax credits" save the country from a Depression or not... You can't claim it worked and argue that it was mostly "tax credits" that did it while also claiming "tax credits" are evil and don't create jobs... Pick a side and stick to it, you catch yourself in so much partisan bullshit it seems pointless to "debate" you
It's because many of you refuse to think in shades of grey. I have never said "tax credits" are evil and don't create jobs. I have never said it because tax cuts (credits, blah, blah) can be very effective at stimulating the economy and growing jobs. But, it depends on the economy. Tax cuts are not a cure all, despite what many "conservatives" want everyone to believe.
In our current economy, consumers are not spending money, they are paying down debts. Because they aren't spending money, companies aren't hiring and growing their business, they are sitting on cash. Our economy can't be fixed by supply-side rhetoric and dis-proven theories. SOMEONE needs to start buying stuff again to get this country growing again, and if it's not consumers and not companies, who is left? Yup. The Government. This is why I am not in favour of spending cuts at this time.
But back to taxes, if you cut taxes right now for companies, they will keep more of their profits and just sit on it. If you cut taxes for consumers, they will pay down debt instead of buying new products. Cutting taxes now will NOT be the most effective form of economic stimulus. This is why I was pissed at Obama for kowtowing to the GOP and adding this weak form of stimulus to the Recover Act, and it is that same weak stimulus that many of you now are crying about, even though the GOP leadership is calling for MORE of it.
Well which is it? Is it a fantastic cure all that we need more of? Just like the GOP leadership is demanding. Or, is it a terrible idea doomed for failure? Just like you think was proven with Obama.
Which is it?