| Name: |
water_watcher
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| Subject: |
On CNBC
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Date:
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11/2/2009 7:28:26 AM
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They had one of Obama's business advisors (a black guy) on via camera from the WH lawn ... they were asking him why other countries like China are doing things to stimulate their ecomomy through business breaks like accelerated depreciation and it is working by creating jobs, yet here in the US we keep doing more to penalize businesses and talk about higher taxes (which was what sent the economy in to the great depression).
His response was interesting and may indicate that there in fighting at the WH ... he said they have been giving the president ideas and programs that have worked and are working in other countries to create jobs, but at this time the president wants to stay the course with the programs that are in place.
The people on CNBC said, come on, we need you to fight for business so we can get jobs growing again. The guy laughed and said I am on your side and we are doing all we can but ultimately it is the president and congress decision.
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| Name: |
water_watcher
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| Subject: |
On CNBC
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Date:
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11/2/2009 7:33:40 AM
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The reason Obama will not do something like accelerated depreciation for businesses, which has always worked since it is capital spending and gets factories working again, is because Bush did that and it worked great. Obama knows if he does what will work and it is similar to what Bush did .... he can't stand up and play politics by saying that he is cleaning up the mess left by the previous administration and it takes time. Which any intellegent person knows it was the liberal democrats policies around housing for all that got us in this mess.
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| Name: |
MAJ USA RET
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| Subject: |
On CNBC
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Date:
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11/2/2009 9:10:49 AM
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A crescent wrench will suffice for a 7/16 bolt… a 1/2 box wrench will not. The crescent wrench may not be efficient and you stand a chance of rounding off the head… and you may bark your knuckles in the process. But, a 7/16 box wrench… better yet a 7/16 socket and ratchet… Ah! The right tool for the right job. The right tool is in your tool box (or you can borrow one from China).
I suspect we are down to using vice grips and tearing up the whole work… while getting angrier in the process.
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And yet the House healthcare proposal asks families who make over $500,000 to pay another 5% fed tax with small business also seeing a significant tax hike that is not indexed to inflation. It seems that healthcare is something the Dems want for their voting base as long as someone else pays for it.
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| Name: |
water_watcher
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| Subject: |
On CNBC
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Date:
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11/2/2009 10:12:02 AM
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yes ... but they get insulted when someone points out that it is socialism ... not sure what they call redistribution of wealth.
The funny thing is .... the dems and Obama seem to think it is bad to be rich or earn a lot of money, so lets just tax them more. But what they forget is that those are the consumers that create jobs and invest money so the economy grows. They must never have run a business to understand a simple fact.
If you ran a business and knew you were going to lose some customers ... who do you try and protect? The largest and most profitable ones in terms of real dollars coming in to the business (not percents). Yet the highest income people and businesses already generate the most amount of tax revenue for the government ... to the tune of 96% for those over $500,000.
So taxing them more and putting more burden on businesses means less investment and less consumption. It may have a short term blip in revenue, but long term it impacts more jobs and reduces investment.
Get government off the backs of business and create the incentives for them to create the jobs. Here is China, a communist government, and they understand that and are acting more like capitalists than the leaders we currently have.
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| Name: |
Astro
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| Subject: |
Economy Fix
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Date:
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11/2/2009 11:01:09 AM
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Bring on the FAIR TAX. Money invested overseas returns home and tax issues are removed from money grabbing politicans.
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| Name: |
CAT BOAT
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| Subject: |
MAG USA RET....
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Date:
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11/2/2009 11:12:47 AM
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Now there is something I can relate too. ;)
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| Name: |
dvine
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| Subject: |
On CNBC
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Date:
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11/2/2009 12:28:56 PM
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I don't know why you all are complaining because everyone know that a "community organizer" knows more about business than an actual business person.
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| Name: |
MAJ USA RET
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| Subject: |
FAIR TAX
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Date:
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11/2/2009 12:30:38 PM
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Yes! Bring it on. No more tax surprises jumping out of the shadows.
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| Name: |
Yankee06
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| Subject: |
CNBC?
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Date:
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11/2/2009 8:58:12 PM
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-are you guys sure you're not watching Saturday Night Live?!!!
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