Obama's 95% Illusion

iVillage Member
Registered: 10-12-2008
Obama's 95% Illusion
58
Tue, 10-14-2008 - 5:59pm

iVillage Member
Registered: 10-14-2008
Tue, 10-14-2008 - 11:17pm
Why do you think a company would relocate to another country?
iVillage Member
Registered: 04-17-2003
Tue, 10-14-2008 - 11:18pm

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Their costs and losses will be passed directly down to "main street" in the form of higher prices and job losses.
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Why are we to believe this any more than the 30 year old illusion of trickle down economics?

More likely, you're just towing the party line.

You are aware of the term Bush Sr. and his colleagues used to use? Voodoo economics.

Anything good, is built from the ground up.

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Reward Republicans for 8 years of failure? No way, No how, No McCain!

 

iVillage Member
Registered: 10-12-2008
Tue, 10-14-2008 - 11:21pm
Do you really believe what you just posted?

iVillage Member
Registered: 10-14-2008
Tue, 10-14-2008 - 11:24pm
What do you consider a "sizable tax cut?"
iVillage Member
Registered: 10-14-2008
Wed, 10-15-2008 - 12:06am

>>> Why are we to believe this any more than the 30 year old illusion of trickle down economics? More likely, you're just towing the party line.

Have you ever owned a business? I have. The whole purpose of business is to grow and the only thing that matters is the bottom line. Now, you can imagine that businesses are charities, but they aren't...they have one goal...profit. When the price of doing business went up (taxes included) our costs went up to compensate...we have bills to pay, after all. And when we were more successful, we bought new equipment and tried to grow the company. It's really a simple formula.

If Obama raises taxes...the cost is going to be past on to you to the point the company can still be competitive. After that...it'll downsize and try to increase productivity with a smaller workforce.

>>> Anything good, is built from the ground up.

Most businesses are built from the ground up...they're the "ground" of the economy. Obama's "tax cuts" will amount to around a $50-100 increase for most households. Oh, my gosh, where on where will you spend the extra dough? For individuals, it will probably mean paying a little extra on their credit card bill...imagine the economic stimulus! But when a business gets a tax increase prices go up...which will eat up that measly $50-100 in a heartbeat...or jobs will be lost...in which case, you won't be paying taxes to get the cut.

iVillage Member
Registered: 10-14-2008
Wed, 10-15-2008 - 12:47am
But how do you reconcile the TRILLION dollars in new spending that Obama is proposing?
iVillage Member
Registered: 10-14-2008
Wed, 10-15-2008 - 12:50am

>>> Face it, the 30 year old dream of trickle down economics hasn't proven to work for me and the vast majority of middle-class/lower income people.

In the last 30 years, haven't we seen steady economic growth, low inflation and low unemployment? Exactly where has "trickle down economics" hurt you?

iVillage Member
Registered: 10-08-2008
Wed, 10-15-2008 - 1:00am

Where are you getting your figures?

iVillage Member
Registered: 10-25-2006
Wed, 10-15-2008 - 1:14am

So we should just get rid of corporate/small business taxes altogether, right? And the owners and shareholders will create all the jobs we poor folk need after handsomely rewarding themselves. We've seen how trickle-down works on Wall Street and we say, "No thank you!"

I'd rather government create the jobs in the public sector and to hell with the greedy business owners. Socialism is looking pretty good to me these days, compare to the Capital-greedy-ME-ism we've been seeing lately!

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http://www.pnhp.org/news/2009/october/meet_the_new_health_.php

http://www.youtube.com/watch?v=DQTBYQlQ7yM

iVillage Member
Registered: 10-08-2008
Wed, 10-15-2008 - 1:19am

http://www.businessweek.com/magazine/content/04_25/b3888141_mz029.htm


This is a snip from the link above, Business Week.