US Economic Policy

This Is So Bad It's Almost Funny

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That ObamaCare Again

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wow, that's profound! I think everyone agrees on this point. Newt has nothing new to offer here.

 

I don't think we all agree with that statement. Many conservatives would say that job creation (roughly equivalent to GDP expansion) is top priority, while others would say that balancing the budget is, as it will help a healthy economy in the mid- and long-term. Yet, most liberals would pay lip service to both approaches while holding onto plans to redistribute wealth and inrease the power of the Federal Government through higher/targeted taxation. These are real strategic/philosophical differences, not just semantics.

 

Critical Vote Scheduled

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Which is also why Obama's stimulus worked.

 

Not really: tax cuts leave money in the hands of small-medium businesses and entrepreneurs, with immediate beneficial results wrt employment and business activity. In contrast, imo, the Government is slow, wasteful and stupid and should have a very limited role in the marketplace - just focus on its main responsibilities like defense and regulation. The various Obama stimuli didn't work, as evidenced by the persistent high unemployment rate, slow growth and dismal financial prospects we're faced with. The USD is in the toilet, our debt is going through the seventh roof and there's a newfound desperation among young workers as they see their prospects dwindle day after day.

 

Which is why the Bush tax cuts are not working.

 

Sooooo, the Bush tax cuts helped Obama's porkulus work, but the Bush tax cuts are not working?

 

The cash that businesses are holding as a result of sales generated by the stimulus is different from the cash businesses are holding as a result of reduced taxation. Different color iirc.