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But your taxes are the lowest ever!
Q1 reports are out, and they're good!
Q1 reports are out, and they're good!
Earnings are up because companies slashed payrolls and cut other costs in response to lower revenue.
That's why 15M people are UNEMPLOYED.
Even Obama's Economic Expert, Christina Romer admists that there is too little Demand in the Economy. Until the consumer sector revives for real, jobs will not be created, and economic growth will be sluggish.
Romer: Its Aggregate Demand, Stupid - Real Time Economics - WSJ
The Obama solution of more stimulus will just make the problem worse by sucking more capital out of the private sector.
There aren't more tax cuts.
On balance, Obama has raised taxes by $700B - with the prospect of more to come. Deficit spending and piled up debt are sucking capital out of the private sector. If he continues on this path, job creation will be very moribund.
I'll match my knowledge of business and economics against yours any day. I can think for myself, an ability which you quite apparently lack.
Q1 reports are out, and they're good!
Earnings are up because companies slashed payrolls and cut other costs in response to lower revenue.
That's why 15M people are UNEMPLOYED.
Even Obama's Economic Expert, Christina Romer admists that there is too little Demand in the Economy. Until the consumer sector revives for real, jobs will not be created, and economic growth will be sluggish.
Romer: ‘It’s Aggregate Demand, Stupid’ - Real Time Economics - WSJ
The Obama solution of more stimulus will just make the problem worse by sucking more capital out of the private sector.
Of Course. And if there are more tax cuts everything will be wonderful! Each and every American will have have more money to spend freely and that will stimulate the economy - and all of this expansion will trickle down to you and me.
Worked for GWB and Sir Ronnie, ah, sort of...consider this:
Even as the economy shrank last year the divide between the richest and poorest of our citizens kept growing. In 1978 CEO's at the largest U.S. Companies earned 35 times as much as the average worker. Today that figure is more than 300:1 (source, Harvard Business Review).
Or this: "From 1979 to 2009, after adjusting for inflation, the highest earners in the U.S. saw dramatic growth in their earnings while the lowest earners make less than they did 30 years ago" (Source, Cornell U, Prof. Kevin Hallack.
And this: A gap between society's rich and poor can have ugly consequences, "Countries with greater income inequality have higher rates of teen pregnancy, infant mortality, obesity, mental illness, drug use, imprisonment, and homicide than countries where wealth is more evenly distributed (source, Epidemiologists Richard Wilkinson and Kate Pckett).
Now, consider this boedicca, much of the economic theory you believe is emotion based; your many posts simply parrot the propaganda of those who want your money (think big banks, insurance companies and the like). They (the evil corporations) don't really like you, or care anything about you but for the fact that you're any easy mark.
You are now free to call me a name. Have a nice day.
"There aren't more tax cuts"??? The R's are calling for tax cuts, as they usually do, as if a tax cut is the panacea for all economic ills.
Oh, and btw, please source your $700B comment. And if your so inclined, a brief outline of what Obama might have done differently. If you can think for yourself, and have considered the economic problems faced by the new president in January 2009, you must have thought this through (given your knowledge of business and economics). I await to be edified.
More than half of the T dollar 'increase' is not an increase, but allowing the Bush tax cuts to expire.
More than half of the T dollar 'increase' is not an increase, but allowing the Bush tax cuts to expire.
ROFLMAO!!!!!!
Allowing the tax cuts to expire IS an increase.
Tax rates will go up - in a very dismal economy. That's one of the reasons job creation is virtually non-existent. The taxes will hit small business - which create most jobs.