Originally posted by Fromabove
In the 1930's Hovver, who was an American President at the time, decided to raise taxes on the nation. We had a depression. In the 60's, we had the
"Great society" under LBJ where the government set about to create the welfare state and spend unheard of somes of money. In the 1970's we had
Jimmy Carter who, began to push for "affordable housing" mush as we have seen under Fanny Mae and Freddie Mac. Under Clinton, this program blossomed
and with the help of cummunity organisers and groups such as ACORN, the Woods Foundation, etc, law suit after lawsuit forced banks to give mortgages
to millions of people who could not afford them. Apert from this, and in spite of two wars, a national terrist attack, and a struggling economy left
over from Clinton, Bush cut taxes and the economy boomed and boomed. But Under democratic control, the congress refused regulation of the economic
lenders, in spite of Republicans calling for them under McCain. Barny Frank, Chris Dodd, etc. said no. Then the bottom finally dropped out and here we
are.
If you put another democrat in the whitehouse, we will go immediately into an economic nightmare depression worse than the 1930's. The way to defeat
economic troubles is to not speand money you don't have, and cut taxes for all, not some, but all Americans. Therefore, put a Republican in the
Whitehous, and in the congress, and eveything will be fine.
Here's my plan that would work...
1. Suspend the 2008 income tax for all wage earners.
2. Suspend the capital gains tax for 2009
3. Encourage banks to re-negotiate mortgage loans to this present economy.
This is simple and this will work, no socialism needed.
I dont mean this in a bad way....but how old are you? Dont you notice every time theres a republican in office we are screwed? Theyve sucked the money
from the bottom and middle.....it can only be at the top right?
Time for these guys to give a little back.
HEHE this is the best part of my plan. Fat chance but worth talking about. All these Elitists and big business owners and families that made money off
of the war. Would have to pay it back. Every penny.
That may work. If fuel was down to a 1.00 a gallon would make it more-so. I had an elaborate plan drawn up that would have counteracted all of this.
But then again, I have been writing about the way the economy is heading for the last 4 years.
My suggestion was (this was before the big fallout) to have all banks set up a renegotiating office. Al that would have been needed is one in every
state. I knew we were being taken to where we are now.
My plan called for, Offsetting the principal for one year. Goverment pay the interest for the year. The offset principal would be tacked at the end of
the loan.
Instead what do they do? Act like everythings fine. "Stay the course", wait until its major.....then act surprised.
They would have had to reverse the BIG tax break that was given to the elitists, fine the corporations that offshored the jobs and kept there
headquarters here.
Reduce fuel prices....1.00 a gallon
Rebuild the countries infrastructure...stimulate jobs.
6 mo time, offer small business loans like never before.
offset mortgages.
If they would have done this way back when....well when I first wrote about it...we wouldnt have had the problem.
You do know what the unemployment numbers are crap right? I would be willing to bet the true unemployment figures are well above 20%, I would even be
willing to bet there closer to 30%.
[edit on 13/10/08 by Douggie]
