China February Auto Sales Rise 25% After Tax Cuts

[KMAN]

There's a big surprise... Tax Cuts stimulate economy...

China February Auto Sales Rise 25% After Tax Cuts (Update1) - Bloomberg.com

 

[jillian]

cause they did such a good job for the last eight years...

 

[xsited1]

There's a big surprise... Tax Cuts stimulate economy...

China February Auto Sales Rise 25% After Tax Cuts (Update1) - Bloomberg.com

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.

 

[American Horse]

cause they did such a good job for the last eight years...

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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[PoliticalChic]

cause they did such a good job for the last eight years...

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

 

[jillian]

cause they did such a good job for the last eight years...

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

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

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...

 

[cunclusion]

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.

 

[KMAN]

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

 

[American Horse]

cause they did such a good job for the last eight years...

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

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

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...

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.

.

 

[Sinatra]

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...

 

[rayboyusmc]

Bush started with a surplus not a recession. My how the revisionists are hard at work.

At least the Chinese Communist government knows how to stimulate their economy.

Yup, they shoot their corrupt politicians and business persons.

 

[DiamondDave]

Bush started with a surplus not a recession. My how the revisionists are hard at work.

At least the Chinese Communist government knows how to stimulate their economy.

Yup, they shoot their corrupt politicians and business persons.

Talk about revisionist..

The Clinton "surplus" has been shown time and time and time again to be a flat out lie... yet you cling to it like a newborn to a tit

 

[KMAN]

Bush started with a surplus not a recession. My how the revisionists are hard at work.

At least the Chinese Communist government knows how to stimulate their economy.

Yup, they shoot their corrupt politicians and business persons.

If we did that here we wouldn't have anyone working for government! They'd all be dead!

 

[cunclusion]

Bush started with a surplus not a recession. My how the revisionists are hard at work.

At least the Chinese Communist government knows how to stimulate their economy.

Yup, they shoot their corrupt politicians and business persons.

If we did that here we wouldn't have anyone working for government! They'd all be dead!

and alot of people working in business would end up the same way

 

[PoliticalChic]

cause they did such a good job for the last eight years...

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

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

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...

I must really be getting to Jilian.

Yesterday I corrected her twice, when she said that President Bush banned stem cell research. Of course, not true.

Now she is claiming that for 52 months the only jobs created were at Wal-Mart????

So sad. You're so much like the character in Steinbeck’s “Mice and Men”. Remember your famous line: “Tell me about the rabbits, George.”