Obama: This isn't your 'run-of-the-mill recession'

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Reba said:
I don't want it to pass. It has very little to do with improving the national economy.

Can you show me which specific parts of the "stimulus package" will improve the economy, and how that will happen?
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What plan do u want for the economy to get a jump start again or just best to do nothing?
 
shel90 said:
What plan do u want for the economy to get a jump start again or just best to do nothing?
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better regulation, for starter. perhaps less tax. It's also Democrat's fault for this mess too. They are as equally corrupted as Republicans. throwing more money into current problem is the same as pouring water into a bucket with a hole.
 
Reba said:
I very rarely listen to him. I'm usually at work when he airs. Of all the conservative talk show hosts, he is my least favorite.
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But you have one thing in common: You want Obama to fail.

Shame on you both.
 
Jiro said:
better regulation, for starter. perhaps less tax. It's also Democrat's fault for this mess too. They are as equally corrupted as Republicans. throwing more money into current problem is the same as pouring water into a bucket with a hole.
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the plan includes tax cuts...how much more taxes can be cut? If any more get cut, then I am out of a job. I dont like paying for taxes but how do people who are public services earn money?
 
shel90 said:
I read it..it doesnt say how it will create 18 million jobs...just that it will. Need to know how?
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Obama's stimulus plan doesn't say how it will make it better either. It's pretty much the matter of whose idea makes better sense in fixing this economic mess.
 
BradB08 said:
But you have one thing in common: You want Obama to fail.

Shame on you both.
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Why? Why should we support legislation and executive orders that are bad for our country?

When Bush was President, suppose he had a plan to start a war with Iran. Would you have wanted his plan to fail or succeed?
 
shel90 said:
the plan includes tax cuts...how much more taxes can be cut? If any more get cut, then I am out of a job. I dont like paying for taxes but how do people who are public services earn money?
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That's why it's a paradox. how can we pay tax if we're broke? Reducing the tax can alleviate the recession to enable people to spend spend spend. Economy revolves around people's spending. If nobody spends, then there's no economy. Government can hold out longer than we can.. that's why they can deal with less money in their pocket.

When the confidence gets better, then the economy gets better and the government will increase the tax - and hopefully it will lead to surplus!
 
shel90 said:
I read it..it doesnt say how it will create 18 million jobs...just that it will. Need to know how?
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http://demint.senate.gov/public/_files/2009-02-02_DeMint_Jobs_Plan_Summary.pdf

The DeMint Jobs Plan
“The American Option”
Nearly 18 Million New Jobs in 10 years​

How it works:
1) Defuse the 2011 tax bomb: Stop tax increases set to hit the economy in 2011.
o Permanently repeal the alternative minimum tax once and for all;
o Permanently keep the capital gains and dividends taxes at 15 percent;
o Permanently kill the Death Tax for estates under $5 million, and cut the tax rate to 15 percent for those above;
o Permanently extend the $1,000-per-child tax credit;
o Permanently repeal the marriage tax penalty;
o Permanently simplify itemized deductions to include only home mortgage interest and charitable contributions.

2) Long term, broad based tax cuts for American families and businesses.
o Lower top marginal income rates – the one paid by most of the small businesses that create new jobs – from 35 percent to 25 percent.
o Simplify the tax code to include only two other brackets, 15 and 10 percent.
o Lower corporate tax rate as well, from 35 percent to 25 percent. The U.S. corporate tax rate is second highest among all industrialized nations, driving investment and jobs overseas. Lowering this key rate will unlock trillions of dollars to be invested in America instead of abroad.
o This is not only good economic policy, but a matter of fairness. No American family should be forced to pay the federal government more than 25 percent of the fruits of their hard labor.

The estimated effect on the American economy:

JOBS
• Nearly 500,000 new jobs created in 2009, and 1.3 million more in 2010
• A total of 7.5 million by 2013, in just 5 years.
• Nearly 18 million jobs created over the next 10 years.

HOUSING
• Residential housing investment would increase by $96 billion over 3 years, and $175 billion over 5 years. Commercial real estate activity would increase $120 billion over 3 years, and $362 billion over 5 years.
• $537 billion in new real estate and construction activity over 5 years.
• Lower interest rates – reducing taxes on capital increases the supply of money invested and lent, reducing the cost of borrowing.

AUTO INDUSTRY
• Between 2009 and 2011, total sales of new automobiles and light trucks would be $24.5 billion higher than they would otherwise be.
From the Office of Senator Jim DeMint (R-South Carolina), Senate Steering Committee Chairman
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Reba said:
Why? Why should we support legislation and executive orders that are bad for our country?

When Bush was President, suppose he had a plan to start a war with Iran. Would you have wanted his plan to fail or succeed?
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Bush spent 8 years screwing up this country and you're still pining for the days of Bush?

What's wrong with you?
 
BradB08 said:
Bush spent 8 years screwing up this country and you're still pining for the days of Bush?

What's wrong with you?
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What's wrong with your critical reading skills?

I'm not pining for Bush. Reread my post please. I'm asking you to give an honest reply.
 
shel90 said:
So u are saying that by cutting taxes, more jobs will be created?
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cutting and/or repealing taxes can ALSO encourage people to PAY taxes. Ever wonder why there is tax evasion? offshore Cayman Island accounts? And yes more jobs can be created because small businesses won't have to cut corner. That's why I usually favor Republican approach in terms of commerce/economy. Mind you - I voted for Republican Congressmen/Senator for NJ but of course.... my state won't ever be a red state :lol:
 
shel90 said:
So u are saying that by cutting taxes, more jobs will be created?
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That's been the policy for the past 8 years and look at where it's gotten us!

This same old "solution" will not work now.
 
Jiro said:
cutting and/or repealing taxes can ALSO encourage people to PAY taxes. Ever wonder why there is tax evasion? offshore Cayman Island accounts? And yes more jobs can be created because small businesses won't have to cut corner. That's why I usually favor Republican approach in terms of commerce/economy. Mind you - I voted for Republican Congressmen/Senator for NJ but of course.... my state won't ever be a red state :lol:
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U are talking about business taxes, then?
 
shel90 said:
U are talking about business taxes, then?
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sure. and income tax as well. there are dozen dozen dozen different kinds of taxes out there. What's listed in Reba's list tell you of US Senator's idea on what tax to repeal/reduce/keep/increase. I'm just explaining you the paradox of it.
 
BradB08 said:
That's been the policy for the past 8 years and look at where it's gotten us!

This same old "solution" will not work now.
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Because spending was not kept under control at the same time.

Obama's package is full of more spending, just like "the past 8 years."
 
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