Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

That dog don't hunt

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
Roy Rolling Donating Member (762 posts) Send PM | Profile | Ignore Fri Dec-10-10 08:39 AM
Original message
That dog don't hunt
Edited on Fri Dec-10-10 09:25 AM by Roy Rolling
There is no logic to the dog and pony show to sell progressives on the (bad) tax bill. First, the $900 billion added to the deficit is glossed over because Obama says that he's added some pork of his own to entice Democrats and balance the atrocity. But even worse: the other reason being floated is that tax cuts are so bad, in two years Democrats will win the election because people will see that tax cuts don't create jobs and thus vote for Democrats.

Are you kidding me? It's been 9 years and counting of Bush tax cuts yet the deficit has soared and unemployment is the highest it's ever been since the Great Depression. Furthermore, fewer jobs were created from 2000-2010 than any time in recent history---those are the facts and numbers. So what happened in November? Republicans swept the elections. If people ignored the fact that tax cuts for the wealthy harmed the economy and job market for the last nine years, why do the geniuses in the White House now believe in 2012 they will suddenly care? That logic didn't win for Democrats on November 2, 2010 and it won't work in two years either.
Refresh | +17 Recommendations Printer Friendly | Permalink | Reply | Top
stray cat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-10-10 08:42 AM
Response to Original message
1. The best choice may be to let both tax breaks including the AMT, unemployment to expire
Printer Friendly | Permalink | Reply | Top
 
Roy Rolling Donating Member (762 posts) Send PM | Profile | Ignore Fri Dec-10-10 08:44 AM
Response to Reply #1
2. It's the only way
I'm ready to sacrifice by paying my fair share---why can't the top tax brackets sacrifice for their country, too?
Printer Friendly | Permalink | Reply | Top
 
no_hypocrisy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-10-10 08:55 AM
Response to Reply #1
3. Theory is business needs to have stability in order to make investments.
It may not be the first choice to let all tax cuts expire, etc., but it would offer stability (as opposed to volatility). There may initially be lesser profits but it would build. The deficit coming down can only help the economy.
Printer Friendly | Permalink | Reply | Top
 
Bonhomme Richard Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-10-10 09:33 AM
Response to Reply #3
4. I don't buy the stability crap relating to taxes. That's a framing ploy.
Investment happens because people see an avenue to make money. There are basically 3 options to invest being:
Manufacturing, where growth occurs due to demand of which there ain't any
Real Estate and we all know where that is going, and
Money playing with money. I was once told that if you want to make money you have to work in money. The investing that is going on is happening in that realm. This means that the money stays in that realm.
Decreasing taxes only means giving them more money to play with in their sandbox and in the meantime we are on the hook for the debt.
Printer Friendly | Permalink | Reply | Top
 
OHdem10 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-10-10 09:34 AM
Response to Original message
5. Elections have consequences. Obama was put in the position
doing the best deal he could do. Just think how
the bill would look if the Republican House designed
it after Jan l.
Printer Friendly | Permalink | Reply | Top
 
Roy Rolling Donating Member (762 posts) Send PM | Profile | Ignore Fri Dec-10-10 09:37 AM
Response to Reply #5
7. How would it look?
Edited on Fri Dec-10-10 09:40 AM by Roy Rolling
I would hope after January 1 and the Republican House crafts an even worse bill it would look like this: "VETO" written all over it. Then, the Republicans would need an even bigger margin to pass it.
Printer Friendly | Permalink | Reply | Top
 
kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-10-10 09:36 AM
Response to Original message
6. When there is more money to be made investing in the market....
..than in creating new jobs, more businesses will continue to focus on their stock prices.

That needs to be changed.
Printer Friendly | Permalink | Reply | Top
 
Roy Rolling Donating Member (762 posts) Send PM | Profile | Ignore Fri Dec-10-10 09:39 AM
Response to Reply #6
8. So true...
That is because investors can now chase the best returns. If they get a higher return from a foreign company that has lower costs because they use prison or child labor in their dictatorship, then they will invest there. A level playing field is needed.
Printer Friendly | Permalink | Reply | Top
 
bvar22 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-10-10 12:14 PM
Response to Original message
9. Exactly!!! K&R
The insanity is bubbling over.

"Lets BORROW more Billions and send the bill to our CHILDREN!
Whats GOOD for the RICH is Good for America!!!!
"
Printer Friendly | Permalink | Reply | Top
 
Individualist Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-10-10 12:17 PM
Response to Original message
10. Hear, hear!!
Printer Friendly | Permalink | Reply | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Sun May 05th 2024, 04:26 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC