Clueless about the economy
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Clueless about the economy
| Tue, 09-16-2008 - 7:37am |
Does John McCain really believe that our economy is fundamentally sound? Is this guy out of his freakin’ mind? He is either too old or too stupid to be president. Umployment is down. Wages are down. The price of everything is up. The deficit is up. The national debt is up. Yeah, sounds like the economy is in great shape, John. Perhaps it is time for another tax break for those who make over $250,000 a year. We could use some of that Reagan trickledown voodoo economics about now.
Perhaps when McCain is elected, his new treasury secretary Phil Gramm will straighten all of us whiners out?
The guys seem to be clueless about the economy.
Perhaps when McCain is elected, his new treasury secretary Phil Gramm will straighten all of us whiners out?
The guys seem to be clueless about the economy.

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*** The economy is not fundamentally sound. And be sure to note which party was in the White House when the national debt rose.
The economy is fundamentally sound, as evidenced by the strength and resilience of the stockmarket...and granted, the Republicans spent too freely, but a LOT of the spending was on two wars and ramping up our national security...something the Clinton administration didn't have to shoulder.
And let me ask you this: How did the Republicans think they were going to pay for the war without extra taxes?
Borrow the money up front and pay it back over time. This was a very smart economic policy considering the fearful conditions that existed after 9/11.
Here is what McCain really said. You really should be more careful about believing everything your favorite candidate or the media says and just assuming it's true.
“The economic crisis is not the fault of the American people. Our workers are the most innovative, the hardest working, the best skilled, most productive, most competitive in the world, that’s the American worker,” McCain said at a town hall meeting here.
“My opponents may disagree, but those fundamentals, the American worker and their innovation, their entrepreneurship, the small business, those are the fundamentals of America and I think they’re strong.”
Sopal
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And maybe if the Gap hadn't made that blue dress...
So, Doc, just what are the fundamentals of our economy? I'd say that illegal immigrants who are willing to do the work that none of our home-grown Americans will do for $5/hour are fundamental to our economy, wouldn't you?
What will the right-wing do with those who are fundamental to the success of our econonomy?
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http://www.pnhp.org/news/2009/october/meet_the_new_health_.php
http://www.youtube.com/watch?v=DQTBYQlQ7yM
How about the flip side? Obama does not think the "fundamentals" are strong. So the economy must need help to be pulled out of this. Then why does his economic plan include raising taxes? Any economist worth his beans knows that raising taxes would be the worst thing you could do right now.
Maybe because the economy is secondary to growing government? Why else would you want to do that?
*** Pay it back over time with what?
Money.
*** Where is that money supposed to come from?
Where does any of the money the government spends come from? Where's Barry going to get nearly a TRILLION extra dollars for his socialist programs? Where are the BILLIONS coming from to bail out these failing companies lately? Paying back long term loans should be a piece of cake...and I fully expect that Iraq will be shelling out a significant portion when it's up and running.
*** It seems that every day a major corporation is going under or is on the verge of going under - Fannie Mae and Freddie Mac and now AIG not to mention countless banks. Isn't the US gov't having to underwrite some of this? So how does it all get paid for if we are also involved in two wars and reducing taxes? Seems like faulty math to me - maybe you can explain specifically how this will all be paid for under McCain's plan? I would be interested to know.
There are two sources of tax income for the government...sales tax and income tax. Under Obama's plan, he's going to reduce the taxes for around 57% of Americans by a $1000 or so (around $600-750 in actual cash), nothing to write home about, and actually PAY the 40(or so)% who don't pay taxes around $600, and then...supposedly...pay for his BILLIONS and BILLIONS in socialist programs (and repay the war debt) by raising the taxes of around 3% of "rich" Americans. And what do you think the "rich" people will do when you take more of their money? Right...they'll spend less, hurting the economy, they'll invest less, hurting the economy, their businesses won't expand and hire people, hurting the economy and the businesses they do have will raise their costs or downsize to make up the difference, hurting the economy...and the country. Doesn't really sound workable, does it?
McCain, on the other hand is more about "teaching a man to fish"...by lowering taxes, people and companies have more money. More money means growing companies...growing companies mean more taxes and more employees...more employees mean more people paying sales and income tax. Give people more money and let the market work. Play "Robin Hood" and you're milking a dried up cow.
*** So, Doc, just what are the fundamentals of our economy? I'd say that illegal immigrants who are willing to do the work that none of our home-grown Americans will do for $5/hour are fundamental to our economy, wouldn't you?
No, I'm for aggressively shipping them all right back across the border.
*** What will the right-wing do with those who are fundamental to the success of our econonomy?
Won't have to do anything...they're already fundamental.
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